Automobile Insurance Rates -- To Save Considerably, Apply These

Would you like a lower rate while maintaining the right coverage? Here are tips that will help you attract reasonable discounts with ease...

1. Some vehicles cost much to insure. Therefore, have this at the back of your mind when you are ready to buy your next vehicle. A car of similar specification that has a bad crash rating and higher theft rate will cost a lot more to insure.

In addition, it will also cost you more if a car costs a lot to fix or maintain. With a little diligence you can avoid buying a vehicle that will cost you much in higher premiums over a few years.

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2. A vehicle with a higher safety rating will make you eligible for lower rates than another with a poor rating all other things being the same. Does your vehicle have built-in safety features? They will qualify you for a Safe Vehicle Discount. Your insurance agent can give you a list of features that will make you eligible for a discount with your insurance company.

3. Under-25 drivers get higher rates than any other age group. Even in this age bracket, a 23-year old driver will pay much less than a 17 year old all other things being equal.

This means that you'll help keep your rates down if you do NOT have a teen driver on your policy. It will drive it up by a huge margin. Your teen driver should have his/her own policy. This will be made possible if you sign an exclusion form.

If a teen is keen on driving then then should be made responsible for at least the cost of their auto insurance. This act will save you more than money as your teen driver will happily listen when suggestions are made on things that will bring down the high rates they pay. This by extension means that such a teen driver will be more responsible behind wheels since they bear the full cost of their actions.

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4. The longer you stick with the same insurer the more you stand to gain for two reasons: The long term discount and accident forgiveness. Most insurers will give you a discount of about 5% if you stay with them for up to five years (some will give you once you stay for up to three.

Most insurers will also not raise the rates of a long standing policy holder if they make only just one claim. Insurers offer these as incentives to keep you with them since it serves them better too. The longer you stay, the more you'll save.

Just bear in mind that some people will be better off if they switched to another insurer notwithstanding the many discounts given to long term policy holders.

Say, for example, that your auto insurance premium with your present insurance provider is $2,500 you will get a discount of about five percent or $125 if you stay for at least three years.

But because of inflation, insurance companies may have to make adjustments in their rates to reflect such changes. Between these 3 years you would most likely get an insurance provider who'll give you the same auto insurance coverage or better for less than $2,000. If this is true about you then you know it is wise for you to go for the more affordable offer immediately and not wait for years to qualify for a discount that will not even save you as much.

It's a sure fact that most people can pay a lot less with another insurance company if they will only take the time to shop right.. In order to know if you're not loosing a better deal, obtain and compare auto insurance quotes not less than five insurance quotes sites..

5. Complete a defensive driving course. Apart from the fact that they will make you a better driver, they'll show your insurer that you're taking active steps to reduce your risk level.

6. Do you know that some folks are paying much more in auto insurance because of where their homes are? Also note that a neighbor not too far away might fall under a lower crime zone than you -- This affects rates.

So, as part of your home shopping activities, check how this neighborhood will affect your auto insurance rate. This doesn't come readily to mind when you're shopping for a new home. Does it?

Remember, you might live in this home for up to 20 years or more. If its location makes you pay up to $200 more in premium, that will add up to $4,000 within that time frame.

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7. As an under twenty five, you can pay cheaper auto insurance rates if you use your parents' policy. If you are of driving age, then your parents certainly are far above 25 years which means they are lower risk drivers.

To take advantage of this though, you'll have to live with your parents and also have the car registered in their name. If you want to be the owner of your car, then be the big boy or girl and also own the costly premiums. Sorry, you cannot have both with this alternative. However, you can still make a lot of savings by clicking the link at the end of this piece.

8. Visit not less than five insurance quotes sites. Requesting quotes from at least five quotes sites raise the chances that you would receive more affordable auto insurance quotes. This is because insurers not covered by one site will be represented by the other.

Moreover, you know that since the likelihood of getting lower auto insurance quotes is related to the number of quotes you obtain, the more companies you obtain quotes from, the higher your chances will be.

Getting your auto insurance quotes online will help you save much more if you invest just 25 minutes to get quotes from at least 5 sites.