Insurance Agent Reveals Secrets To Cheap Car Insurance
Below there is a list of ways to increase your chances to get cheap car insurance. Some of the techniques you will find very helpful while other might not fit your exact situation, but by using any of these ideas you will be able to save some money.
1. Comparison Shop: This is one of the easiest ways of all the techniques to save money. Insurance companies have different rating variables, so comparison shop with as many companies as possible.
2. Don’t Pay Monthly: Insurance companies surcharge you for using a monthly billing cycle. If you can afford to pay in full or two payments per year you will usually pay less yearly.
3. Use Electronic Funds Transfer: By using this option you can save up to 6 dollars per bill that’s a savings of $72 per year if you chose a monthly billing cycle. It’s easy and very secure, your payments will be automatically deducted from your saving or checking account.
4. Don’t Wait Until The Last Minute To Buy: Certain companies will give you a discount if you get your insurance quote more than 7 days prior to the policy start date.
5. Have Good Credit: Many companies are now using an insurance credit rating. A big part of this is your actual credit score, so if there are any ways to help increase your credit score it can help you save. Some companies offer an option not to use credit scoring so ask if you know your credit isn’t average or better.
6. Take A Class On Drivers Training: The class isn’t usually free but you get a discount for up to 3 years. You can take the class again after the three years and the cost of the class is usually less than your first year discount associated with it.
7. Raise Your Current Collision Deductible: You can easily save 100 dollars by raising you deductible from 500 to 1000 dollars, but understand you are now responsible for the first $1000 worth of damage to your vehicle. Your other than Collision deductible( Comprehensive) isn’t worth increasing because the savings would be minimal.
8. Ask About Other Discounts: There are multiple discounts that you might not be receiving. A multiple car, multiple policy, good driver, good student, safety device and many more, so ask to make sure you are getting all the discounts available.
The preceding article is for general information only. This article isn’t a professional consultation. Always seek advise from a licensed insurance professional regarding your specific situation.
Last 5 posts by Joseph Welusz
- Best Insurance Quotes - Over the Phone or Online - July 12th, 2008
- Don't Drop Personal Injury Protection To Get Cheap Car Insurance - February 24th, 2008
- How Collision & Comprehensive Car Insurance Coverages Benefit You - February 15th, 2008
- 8 Tips To Get Cheap Car Insurance - February 1st, 2008
- Cheap Car Insurance-don't Be Fooled - January 27th, 2008
Leave a Reply
You must be logged in to post a comment.