Wednesday, November 6, 2013
Best Advice to Help You Save on Car Insurance
You can save good money on your car insurance. What's important, you can do it in such a way that the terms of insurance and the amount of a probable collision or comprehensive coverage are not affected at all. In most cases it's the sum an insurance company wants to earn on its clients. Anyway, every consumer has the right to get a discount for this service and to spent money on you, your family, entertainments, purchasing some goods or upgrading of the same car.Nobody likes to overpay 10-20% and even more for this or that staff. Just think what you could buy for this 20%!Here are some hints to help you cut down expenses on car insurance:1. Already at the time of buying a car familiarize with the list of most frequently-stolen cars available on the web. Insurance companies take into consideration such statistics. Don't purchase such a "dainty for thieves" and an insurance policy won't be a luxury for you.2. Analyze the market before making choice. Compare prices and terms of different companies (for example, various online services give possibility to compare insurance rates of the nation's top insurance companies.) It's better to deal with direct agents who sell insurance directly to the consumers then with middlemen. The latter may charge their fees up to 15 % of the total cost. When you single out several most appropriate variants make sure those companies have a good reputation. You might also want to check with your state's department of insurance to find out if a particular company has a high number of consumer complaints.3. The model of your car can affect the expenses. No insurer will tell you that, unless you ask. The auto insurance companies have a special rating system for every car make and model. Most use a system which starts with the cost of the vehicle and then factors in safety and theft data. Cars are given a rating from 1 to 27, and the higher the number, the higher your premium. Look up your car's relative risk with MSN Money's comparison tool. If you're buying a new car, ask your insurance company about the difference in premiums for cars you're considering. Search online for the latest top 10 lists on the most expensive cars to insure, and the least.4. Your credit report can affect whether a company wants to ensure you and on what terms. The fact is if you pay your bills in time they consider you to be a stable and responsible person. If you have some problems with it just wait a month and try to solve them before applying to an insurance company. Most insurers use something called an "insurance score" to assess your risk as a driver, and an insurance score places a heavier weighting on bill-paying consistency of a consumer.5. Increasing your deductible can cut your premium. Deductible refers to the amount a car owner shares with the insurance company while making a claim. And since insurance is meant to cover the big stuff you can't handle comfortably on your own (not the small things), having a higher deductible can make a lot of sense. In general, increasing your deductible from, say, $200 to $500 could reduce your premium by 15% to 30%.6. The age and good driving experience can also cut down the cost of a policy. If several people have a legal permission to drive your car, your premium will be calculated on the basis of the youngest and most inexperienced driver.7. If you are a safe driver, i.e. haven't experienced traffic accidents, driving violations, drunk-driving convictions, etc. that will cause your insurance premiums to fall. If you do in fact have any of these, make sure to take care of them and hire an attorney if needed to get them off of your driving record.8. If you don't mind your car being repaired at the service station, pointed by the insurance company, it will decrease the price of insurance too. But there is a great chance that you will need to stand in a long queue to have your car repaired.9. Sometimes insurance companies offer various discounts, for example when you change from a rival company, or prolong a contract with your insurer. Discounts are also available for "safe" drivers and for those who insure two or more objects (two cars, a house and a car, etc.)10. One more variant which helps you to save on car insurance is to order a policy online. Insurance companies save much money on staff and office apartment providing such services, therefore are able to grant substantial discounts.11. Installation of security and safety devices like car-alarm, tracking system, anti-lock brakes, automatic seat belts and airbags in your car serve dual purposes. They make your car less prone to theft and attract discounts from auto insurance companies.12. Members of the American Automobile Association (AAA) save millions annually on their auto insurance as a group just by giving their membership information when buying their auto insurance. There are many other established professional associations you may be a part of and can enjoy discounts on your insurance plans.13. Marriage can lower your car insurance rates. Married people are considered safer and more stable because of their new commitment and responsibilities, and this can translate into discounts. As a couple, you may qualify for reduced car insurance rates with the same coverage. You could also earn a multiple car discount if you combine both your cars on the same policy.