Plenty of insurance commercials state that by switching to their company, you will save so much a year in terms of dollars or percent. But in doing so, you may be sacrificing quality service. You don’t always have to find a new auto insurance provider just to cut costs. We have several tips to help you save money without compromising service.
If you have a student in college who is not driving one of the family cars, speak to your auto insurance company about a discount. Most insurance companies understand that a resident student is unlikely to be driving your car very often while they are away at school, and will offer a discount comparable to removing them from the policy.
Auto insurance for young drivers is very costly. You can save some money by choosing the right kind of car for your teenager to drive. If you allow your teen to drive the Mustang, prepare to pay through the roof. If, on the other hand, you restrict your teen to the most “beater”-like car you own, your premiums will be notably lower.
When you rent a car, you will likely be asked if you want to purchase coverage for the vehicle. Before you answer, you should know whether or not your personal automobile insurance covers rental cars. If it does, how much is covered? Ask your agent, or read your policy to be clear.
Before buying a car, take into consideration the cost of the insurance policy for the type of car or cars you are looking at. Generally, the more expensive the car is, the higher the insurance cost will be. Take into account the insurance cost before purchasing the car you have chosen.
Keep your insurance updated with who is actually driving your car. A lot of parents forget to take their children off of their insurance even after they have moved out and gotten coverage of their own. The more drivers on your policy the more you are paying so make sure and keep it up to date.
Don’t pick an insurance just because it is cheaper. Each insurance company provides different types of plans with varying levels of coverage. One company may offer a plan for $100 less, but it may just have liability coverage. Most states require protection against damage to another person’s car, but not for your own.
If you are a young driver paying for your own car insurance, add an older driver to you plan. Having a more experienced driver on your plan can reduce your premiums. Just make sure this older individual is willing to be added and that your car insurance provider offers the discount.
Do your best to keep a good credit score. Many insurance company will look up your credit history and this will influence your premium. You can improve your credit score by getting out of debt and build it up by applying for a few credit cards that you pay off regularly.
Be careful about what kind of repairs your insurance will cover. Some insurances send their customers to specific shops, which might cut costs by using cheap parts or not replacing everything that needs to be. When you choose an insurance, make sure they will pay for repairs and let you choose where you will get your car fixed. Or get a lifetime guarantee on the work performed.
Did you know that what type of area you live in is a variable in how much you will pay for auto insurance? If you live in a large city, you are more likely to have an accident with another car and this in turn increases the price of your policy. You might want to consider paying a higher deductible in order to offset the higher premium cost.
The cost of auto insurance for any specific car, will vary from company to company. One of the reasons for this is because each company determines premiums based in part, on their past experiences with that specific car. Certain companies may have significantly different histories dealing with a specific car. Even in cases where the experiences are similar, there are bound to be small differences. Because of this, there is a definite benefit to shopping around when looking for auto insurance.
Figure out how many miles you drive in a year before you get a car insurance quote. This is another large factor in auto insurance premiums, so you want to make sure the company has an accurate estimation of the amount of time you spend on the road. This could add up to big savings on your quote.
You should review your auto insurance policy regularly to make sure it accurately reflects your situation and your vehicle. Doing this shortly before your policy is set to renew is a good idea. Note any discrepancies and review them with your insurance company to make sure that your premium reflects your situation accurately.
Get knowledgeable about the coverage you have on your vehicle, versus the coverage you have available to you. You may find that you could have a significantly higher coverage available to you than you are taking advantage of. Sometimes the better packages only cost dollars more than your basic policy.
Be sure to ask your insurance agent about car insurance discounts for having all of your insurance coverage with him or her. When you have your car, homeowners, health and dental insurance all in one place, you may qualify for a good discount. Additionally, if you have multiple cars to insure, it may lower your rates.
Check the costs to insure cars before you relocate. Annual insurance in New York is about $2,800, as compared to the national average for 2011, of $1,446 per year. Different states and different cities will cost you more or less for auto insurance, but remember to also check the prospective state’s minimum insurance requirements.
Auto insurance rates change rapidly and are very competitive, so the most aggressive way to make sure you are getting the best deal on auto insurance is to compare rates frequently. It is recommended you shop your current rate around approximately twice a year, to be sure you are continuing to get the best deal around.
Are you looking for the most economical auto insurance coverage you can find? You must be certain to include all of the discounts when shopping for a auto insurance policy. For example, do you qualify for the safe driver discount? Does the company offer a discount for your vehicle’s safety equipment? Are you over 55? Be sure to include all of the discounts you qualify for and you will see a big difference in the cost of your insurance.
Even your age can play a large factor in the price you can expect to pay for auto insurance. Statistically speaking, drivers over the age of 55 and under the age of 25 are considerably more prone to vehicle accidents compared with adults in mid-life. While this cannot be changed, you may wish to compare coverage options across companies; some place less emphasis on the age of the insured party.
When applying for auto insurance be sure to be honest in every way to the best of your knowledge. If you are to be in an accident and your insurance company finds that you were untruthful in anyway they can deny you and anyone affected by the incident from claiming anything against them.
To get a good deal on your auto insurance pay for your coverage in full up front. By paying in full you won’t have to pay interest charges that you would normally pay for on a month to month basis.
Ask your auto insurance company to give you a discount for being a member of any particular organization. Some auto insurers give discounts on your monthly premium if you are a member of a credit union, or even AARP. Not all companies ask about your memberships when you are applying for insurance, so make a note to ask them.
Taking a defensive driving course specifically designed for senior citizens can save you a bundle on your auto insurance payments. Senior citizens are generally considered a higher risk in terms of accidents however you can mitigate that risk to your insurance company by learning how to drive defensively keeping in mind your specific limitations.
Know what is on your driving record when you are shopping for auto insurance. Your driving record has direct impact on the cost of your insurance. A clean driving record will get you better rates than a record full of tickets. Since tickets do not stay in your record forever you can wait until they disappear from your record before you get new quotes.
Each state has its own set of minimum auto insurance coverage requirements. These limits include property damage liability and injury liability. It is important to know these minimums and abide by them. The listing for these requirements can be found at any state insurance commissioner website.
Make sure you understand your current auto insurance policy before purchasing a new one. When you are receiving quotes from other companies, you want to be sure you are comparing equal products. If a new quote is significantly less but also provides significantly less coverage, it may not be worth the difference in cost; instead, make sure you are comparing apples to apples when shopping.
When you use these tips to help cut your auto insurance costs, you should be able to stay with your current auto insurance provider. If you do decide that it is worth your while to switch insurance companies and reap the savings as a new subscriber, be sure to use these tips to keep your costs down with them as well.