| Auto Insurance -- Six Proven Steps For Bringing Your Premium Down |
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| Written by Chimezirim Odimba |
| Monday, 29 March 2010 20:43 |
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It doesn't normally take applying a hundred tips to make massive savings while enjoying adequate car insurance coverage. You may be shocked to discover that all that's making it difficult for you to get far cheaper rates are little things you can quickly take care of. I'll take some time out here to reveal such things...
You don't have to do exceptional things in most cases in order to lower your car insurance rates. It's usually small things that bring about massive savings. Let's look at a good number of them in this article... *A good number of companies offer a retiree discount. Retired people don't have to drive to work every day. A person's total mileage is a strong factor that determines how much you pay in premiums. Don't forget that you qualify for this discount if you're retired. You can learn more about eligibility requirements from your agent. Even if you don't call it a retiree discount, reporting a dramatic decrease in mileage is important. Unless the change in your mileage isn't significant, you should shop for another insurer if you don't get a decent discount. *It's a known fact that young drivers attract high rates. Even in this age bracket, a 23-year old driver will pay much less than a 17 year old all other things being equal. Therefore, as much as possible, do not place such a driver on your own policy. You'll be made to pay very high rates if you do otherwise. Sign an exclusion form that will allow your teen driver have his or her own policy. If a teen is keen on driving then then should be made responsible for at least the cost of their auto insurance. Teens who pay for their own auto insurance are more willing to take steps to bring it down. This by extension means that such a teen driver will be more responsible behind wheels since they bear the full cost of their actions. *Although most people will question the wisdom behind this, your credit rating is used to decide whether you're a good a bad risk. They claim to have found a correlation between credit history and risk. Profiles with poor credit rating, they claim, are usually less responsible on the road than those who have excellent rating. *Your might be paying a lot more than you should because of some really unnecessary add-ons like towing. Have you checked to see if your credit card doesn't already offer this as added value? Even if yours does NOT add this kind of service, a dedicated towing service from a third party will serve you better and save you more than adding towing to your auto insurance policy. *Although this may sound funny, you can bring down your rates by getting married. I know you won't get married just for this but when you do, it will save you a bit in auto insurance. Insurers have statistical data that show that people are less reckless and much more careful on the road when they get married. Insurers will tell you that their records show that married people make fewer claims. Furthermore, when they do make those claims, they usually cost less on the average than those married by their unmarried counterparts. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. How much will you save? $100, $200, $300, $400 or even a lot more? Discover how much by getting and comparing quotes using these sites: compare car insurance quotes and online auto insurance quotes. Chimezirim Odimba gives away proven tips for savings on insurance. |