If you want to save money when you purchase your car insurance here are a few ways that can help you as you search for auto insurance.
First thing you can do is comparison shop. It cannot hurt to call around to see what other prices are out there. If the price is higher you know you are where you need to be and if you find a lower rate you always have the option to change. You can use information from Florida Department of Financial Services, or a similar department within your state, to help you decide. This Florida department can show you what types of coverage are out there and give you sample rates. You can do this for other states by using the National Association of Insurance commissioners web site. Armed with this information you can get quotes from a number of companies and find the best one for you.
Increasing deductibles is another way to lower your premium. A deductible is the portion of money you pay before the insurance company pays for damages or injuries. The higher your deductible is the less exposure the insurance company has, thus your premium will be lower. If you choose the highest deductible you can afford you may save hundreds of dollars over the term of your policy.
Dropping comprehensive and collision coverage on older cars is another way you can to save money on your insurance policy. This type of coverage protects your car if it is damaged or stolen. Usually it is the cash value of the vehicle at the time of a loss minus the deducible. On older vehicles the value is lowered already by depreciation. You need to take into consideration the premium you pay, the value of the vehicle and the deductible you have. You may be paying more for the coverage then the vehicle is worth. If there is a loan on the car, you may have to keep this coverage on the car until you pay off the loan. After the car loan is paid off it is your choice if to keep these types of coverage and at what levels.
Buying a more economical car may help reduce your insurance. Yes, driving that corvette is fun but if you want to save money maybe you can be driving something that is a little less expensive. Vehicles that are costly to fix or that have a higher chance to be stolen are generally higher priced as far as your insurance premium. There are reports that you can check to find out which cars are stolen more often. One of these types of reports is by The Highway Loss Data Institute. Parts and repair times also tend to me more costly on higher end vehicles. A vehicle that is easier to repair will save with labor costs thus help lower your premiums.
Some companies give discounts if you do not drive your car as much. If you live close to your job you may get discounts for this lower mileage usage. Some companies may also list the car as an "occasional use" vehicle based on the mileage, which can reduce your premiums.
Asking about which discounts are available is a great way of reducing your premium. Discounts are given for safety features such as airbags and anti-lock breaks. Anti theft systems can reduce costs as well. Owning a house, being married, driver training courses and having no tickets or accidents are all ways that may make it possible for you to be eligible for discounts. Getting a list of discounts from your company is a great way to reduce your costs.
Maintaining a good driving record is also a major determining factor on how much the premium will be. If you can maintain a safe driving record, one without violations and/or accidents, your rates will be lower then someone who is more reckless. Many companies give discounts if there are no violations on your driving record. This is due to the company potentially having less exposure insuring a driver with a clear driving record than the driver with multiple tickets and/or accidents.
One final way to save on insurance is to keep your policy enforced. By making payments on time and keeping your policy intact you avoid extra late fees and you avoid costly tickets for not carrying the proper type of coverage that your state requires. You avoid possible a suspension of your driver's license and you also may be eligible for discounts for renewing your policy all by just keeping up with your premiums. Most companies will give renewal discounts as an incentive to stay with them and keep your policy valid and in good standing.
These are just some ways that you as a consumer may use to lower your insurance costs. Now get out there and start saving some money!
Visit http://www.carinsurance.com for Auto Insurance Rates.
James Diaz is a representative of CarInsurance.com. You can visit CarInsurance.com at http://www.carinsurance.com or contact them at 1-877-327-8728.
CarInsurance.com's online insurance marketplace gives an opportunity to consumers and to insurance companies. We offer the ability to shop for car insurance online.
Consumers can receive quotes from many insurance companies, in some states you are able to purchase your insurance instantly, online. You don't have to drive your car to buy car insurance. Buy online... anytime!
Health insurance is something that everyone needs today. The rising... Read More
To get the cheapest possible quote for your car insurance,... Read More
Before the internet, you picked a neighborhood car insurance agent,... Read More
You are ready to buy your first car. Researching the... Read More
In the United States health insurance, unlike many other countries,... Read More
Since 2001, major health insurance providers have been allowing consumers... Read More
According to a study by LifeSearch, the number of women... Read More
Business Owners Policies for the Self-EmployedWho needs a business owner's... Read More
In order to save money on your homeowners insurance you... Read More
Catering truck insuranceNot many agents/brokers write catering truck insurance as... Read More
Renter's insurance is protection intended for anyone who rents an... Read More
There are different types of life insurance policies available. Shop... Read More
Here are some useful tips on how to reduce car... Read More
First of all, congratulations on deciding to go out and... Read More
Since there are many factors that go into determining your... Read More
The Life Settlement market is all about providing due access... Read More
Home security improvement:All insurance companies will happily offer you a... Read More
Getting your business up and running is exciting, challenging and... Read More
A new financial tool is now available for senior citizens.... Read More
A Health Savings Account (HSA) does not really cover alternative... Read More
When purchasing New Jersey car insurance there are many decisions... Read More
As a property owner it is essential to protect yourself... Read More
When it comes to your family, selecting the right health... Read More
The Health Savings Account (HSA) is an amazing tool to... Read More
Cheap term life insurance is easier to get than most... Read More
Rental car agencies have a menu of insurance policies they... Read More
When deciding on the appropriate amount of homeowner's insurance coverage... Read More
Term life insurance quotes are rarely a concern of single... Read More
The road to saving on auto insurance is something that... Read More
Did you know? One year of disability can wipe out... Read More
For many years in the UK, motor insurance has been... Read More
The three C's, customization, consumerization and customer-satisfaction, seem to be... Read More
My wife and I recently purchased a new home in... Read More
Most people with health insurance, especially employer paid health insurance,... Read More
Most people don't realize that there are 7 different homeowners... Read More
Cheap insurance? Auto insurance, life insurance, health insurance, liability insurance... Read More
The Terrorism Insurance Act of Nov. 26, 2002. This helps... Read More
I have written many articles about the hard surety bond... Read More
No doubt most readers will have heard of the Northern... Read More
This is a FREE Insurance Claim GuideYour "Motor Vehicle" can... Read More
A new financial tool is now available for senior citizens.... Read More
Listed below is a useful guide to life insurance terms.... Read More
Why does health insurance cost so much? Year after year,... Read More
According to a study by LifeSearch, the number of women... Read More
An auto insurance claim adjuster works for the insurance company... Read More
Health insurance is a kind of protection that provides payment... Read More
Online term life insurance ratesHow simple it is today finding... Read More
Contrary to what you may have heard all auto insurance... Read More
If you've just bought a dinghy or are thinking about... Read More
Family health insurance plans typically need to offer more coverage... Read More
Since 2001, major health insurance providers have been allowing consumers... Read More
What exactly is Term Life Insurance?Term life is a form... Read More
Insurance policies provide financial protection in a broad range of... Read More
By searching online for life insurance, you can get a... Read More
Home Insurance is designed to provide you with financial protection... Read More
In 47 of the 50 United States, it is illegal... Read More
Everyone is searching for a way of cutting costs, a... Read More
You will find that your lender will insist that you... Read More
Disability income insurance can cover you in the event of... Read More
Many factors affect the premium you will pay for auto... Read More
Many families will find themselves without medical coverage at some... Read More
Why Private Medical Insurance Is Becoming So PopularRecent research indicates... Read More
Car Insurance is compulsory in the UK. You are required... Read More
Life Insurance is a legal contract between you and a... Read More
How do you put a value good health? For many... Read More
In the United States health insurance, unlike many other countries,... Read More
Insurance |