Affordable Vehicle Insurance Rate -- Simple But Tested Ways

1. Make sure your vehicle insurance policy is not allowed to lapse for any reason.. You'll pay more expensive rates for a long time if this happens to you albeit inadvertently. It's easy for this to happen to many individuals when they are switching to another insurance provider.

One way to ensure you do NOT make this costly mistake is to let your old policy keep running until you're sure the new policy is fully in place. It looks simple but, take it or leave it, a lot of individuals are paying higher rates today simply because they overlooked this.

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2. If you opt to pay your premiums monthly, you will attract higher rates. You may be told monthly payments are less stressful but what you're not told is how much extra you pay for it..

Every check that is processed attracts a charge. While annual payment calls for a single check and therefore one transaction every year, monthly payments attrract twelve. You'll then have to pay the total of 12 transaction charges..

Apart from this there are also administrative costs that are incurred due to the monthly payment option. For instance, it costs insurers millions of dollars yearly to send out payment notices..

These and more are then added to your rate thereby making it higher than if you paid annually.

3. Take it upon yourself to ask your agent about all the discounts possible with with your chosen insurance provider. Since agents too are human they might forget to tell you about some discounts you are qualified for. You will know simply by telling your agent that you want to know if you've been told about every discount available. You might be surprised at discounts you have not taken advantage of.

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4. There are course that are set up to improve your driving. Participate in them. In addition to improving your driving, they will get you a discount with your insurer provided such a class is one they approve.

5. You'll get more affordable car insurance premiums if you make your payments by Electronic Funds Transfer (EFT). This authorizes your bank to credit your insurance provider with your premium payments without any intervention from you until you stipulate to the contrary. This reduces administrative costs like those involved in sending payment notices. An insurance carrier passes part of what they save to you by offering you a lower rates.

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6. You can lower your auto insurance costs by asking for and comparing quotes from at least five reputable quotes sites.