Car Insurance Quotes -- Tips For Big Savings

Contrary to what you might have thought, it is a lot easy to attract a lower rate. The only things that that keep you from attracting a more affordable rate at the moment are the right information and a motivation to make use of the recommendations you get -- That's all. We'll now take a look at several sure-fire ways to get this done...

1. You will bring down your auto insurance premium if you have an outstanding credit rating. A poor credit history will cost you in higher auto insurance rates. The plain reason for this is that there is a general consensus among many insurers that there is a link between poor credit histories and high risks. The truth is that they believe that the probability of you defaulting in your premiums is very high. This assumption of increased risk makes such persons get higher rates in auto insurance and other insurance policies.

Insurance Quote

2. Holding multiple policies with a given insurer also attracts a considerable discount. This clearly implies you should endeavor to get your auto policy from the very company that underwrites your home, medical or LTC insurance policies.

Nevertheless, bear in mind that you might be better off if you buy your different policies from different carriers who offer the best rates for each policy. It's advised that you do comparison shopping. Thereafter, you'll not be guessing as you make your choice because you're positive about which saves you more.

3. You're surely paying more than necessary if you've got collision and comprehensive coverage types for an old vehicle that isn't a classic. The logic for this is that insurance providers base the compensation they pay on what is referred to as the Kelly Blue Book value of your car when you file claims. So even if you've paid your premiums faithfully for several years but the Kelly Blue Book value shows your car is worth nothing, you'll get nothing from your insurance company and they will be completely on the good side of the law.

So, stop wasting your hard-earned cash. Once your vehicle gets old, stop collision and comprehensive coverage types on it. If you do this you will save a lot.

Affordable Auto Insurance

4. We all know that hardly any other age bracket pays as much for car insurance as those who are below 25 years of age. If you fall into this age bracket you can get more affordable rates if you maintain good grades at school. It's called the good student discount.

You have to maintain a grade point of not less than B to get this good student discount. This will slash off as much as 5 percent from your rate once you meet eligibility requirements. Experience has shown insurers that what makes a student maintain excellent grades is a level of responsibility which is also carried behind wheels. It's difficult to meet reckless young drivers who keep getting wonderful grades.

5. There are a number of theft-deterrent gadgets like alarm systems, automatic gas cut-off system and so on. The likelihood of theft is an important parameter that goes a long way to determine your rate. And because these cut down such a risk, you'll get a sizeable discount if they are fitted in your car. Car thieves will think twice before attempting to go for a car with anti-theft mechanisms.

6. There are cars that cost a lot more to insure. It will do you a world of good if you get advice from your agent before buying your next vehicle. A car of similar specification that has a poor crash rating and higher theft rate will be more expensive to insure.

Another thing to take into consideration is a car's maintenance cost since this is also a factor that determines your rate. I don't know about you; but it is a smart thing to buy a comparable car that is more insurance-friendly.

Cheapest Car Insurance

7. You'll spend far more on car insurance if you live in Tampa Florida than you would if you stayed in some sparsely populated town. If you can stay in a sparsely populated area you'll be eligible for the cheaper rates because the risk of vandalism, crash or theft is really low in such localities.

8. You can bring down your auto insurance costs by obtaining and comparing quotes from at least five good insurance quotes sites.

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