| Low Cost Vehicle Insurance - Safety Features That Will Help You Get Lower Rates |
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| Written by Chimezirim Odimba |
| Sunday, 28 March 2010 07:41 |
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Insurance companies take a number of factors into consideration when computing your rate. So getting cheaper rates is all about ensuring that you take steps that make those factors work for, and NOT against, you. In this article, I'll go deep into safety features and which you should endeavor to have in your car if want to pay a lot less...
In calculating what you pay as premium, insurers take a lot of factors into consideration. Therefore, if you want affordable car insurance, you'd have to be on the right side of those factors. We'll concern ourselves here with things that increase a vehicle's safety rating and, by extension, your eligibility for lower rates... One sure thing about have the right safety features and gadgets in your vehicle is that they reduce your car's risk of accidents and, where they happen, help reduce damages and fatalities. This means that any insurer who insures you is taking on a good risk. But which are worthy of your time and investment? 1. Airbags: You know those bags that spring open when there is a crash, don't you? Apart from keeping you safer while you're in a vehicle, it helps cut down your rate. 2. Anti-Lock Brakes: These prevent your wheels from getting jammed if you slam on your brake. These will help reduce your stopping distance. But more importantly, they help maintain better control. Although NOT all states make it mandatory for insurers to give discounts to policyholders who have this feature in their cars, you'll do well to discuss with your agent if you car has this. 3. Theft-Deterrent Features: Good examples of these are keyless entries and car alarms. Given a choice, car thieves usually avoid vehicles with these as they have a higher risk of being given away. 4. Automatic Seat Belts: Apart from the fact that seat belts are required by law, some vehicles go further by adding a feature that makes it impossible for you to ride in them without wearing the seat belts. Discuss with your agent if your car has such extra feature. 5. Etch Your VIN. Having your VIN carved on your windows will help deter thieves as this will make it harder for them to resell such stolen items. You can even etch it into your bumpers, fenders, mirrors and windshields. If you use the right tools it, it will NOT disfigure your ride. If you have all these in place, you are sure to get a reasonable discount for them. But the question is "by how much?" This depends on the insurer... Each insurance company gives a different weighting to each of the factors used to compute your premium. The end result is that there is usually a big difference in quotes given by various for the exact same profile and coverage type. This is the reason why you are always encouraged to get and compare quotes from many insurers before settling for one. All you'd have to do after your comparison is pick the insurer that gives you adequate coverage at the best rate. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. Visit the following sites and you are guaranteed really cheap rates. car insurance comparison and compare car insurance. Chimezirim is a proven expert on insurance savings tips. |
| Last Updated on Friday, 16 April 2010 12:34 |