Cheap Auto Insurance Rate -- Easy But Proven Recommendations

1. Make sure your car insurance policy is never allowed to lapse no matter what.. People who let that happen to them pay more expensive rates for a long time. Don't allow such a mistake if you're changing insurers because that's when this happens to many people.

Don't terminate your old policy until the new one is fully in force and you'll not make this costly mistake. It appear to be simple but, believe it or not, a lot of people are paying higher rates today simply because they were negligent in this.

2. Paying your premium annually will attract more affordable rates than choosing monthly payments. You may be told paying monthly is easy but what you don't know is how much more you pay for it..

Each check that is processed attracts a charge. Over the course of a year, your monthly checks would be processed differently because they are all different transactions. This means that transaction charges would be twelve times more for individuals who make monthly payments.

Besides there are also administrative costs that are incurred due to the monthly payment option. For instance, it costs insurers millions of dollars every year to mail payment notices..

These costs plus a profit margin for this feature is added to your rates making it higher than a comparable profile that pays annually every year.

3. You'll get cheaper vehicle insurance rates if you pay by Electronic Funds Transfer (EFT). This just means your insurer withdraws your premiums automatically from your account each month without mailing you payment notices. This saves the insurance company in many ways including removing the cost of mailing payment notices and the expense of processing checks. An insurance carrier gives you part of what they save by offering you a lower rates.

4. You will save much if you really have between 25-30 minutes. Visit, receive and compare auto insurance quotes from selected quotes sites. The lowest quote should be what you pick easily.

Nevertheless, you have to look beyond just the lowest price to the best price to value ratio. The lowest priced may not offer the best price/value for you as an individual.