Cheap Car Insurance Rate -- Easy But Sure-Fire Ideas

1. Ensure your auto insurance policy is never allowed to lapse no matter what.. You'll get very expensive rates for a considerable length of time if this happens to you albeit by mistake. Don't make such a mistake if you're switching because that's when this happens to a lot of people.

A simple way to ensure you do NOT make this type of mistake is to maintain your old policy until you've confirmed that the new one is fully operational. It appear to be simple but, take it or leave it, many individuals are paying a lot more simply because they overlooked this.

2. If you opt to pay your premiums monthly, you will pay more expensive rates. Notwithstanding the fact that this alternative is often more convenient, it is more expensive for some reasons..

If you do transactions with banks you'll agree with me that each check you process is regarded as transaction which attracts a certain charge. In a year, your monthly checks would be processed differently since they are all different transactions. This means that transaction fees would be 12 times more for people who pay monthly.

There are also administrative costs to your insurer that are due to monthly payments. For instance, it costs some money to send payment notices each and every month.

These costs plus a profit margin for this this "value-added service" is added to your rates making it higher than another of the same profile that pays yearly every year.

3. You'll attract lower vehicle insurance rates if you pay by Electronic Funds Transfer (EFT). This process authorizes your bank to credit your insurance provider with your premium payments without any intervention from you until you stipulate otherwise. This saves the insurance company in many ways including eliminating the cost of mailing payment notices and the cost of processing checks. Your premium is therefore lowered to reflect the lower cost of giving you insurance.

4. You could save some hundreds of dollars by just obtaining and evaluating quotes from at least five quotes sites. And, it will require only about 25 minutes on the whole.