7 Easy Ways To Slash Your Auto Insurance Costs

he law requires you buy auto insurance. So if you must Gain cover, how can you reduce costs ? Here’s 7 Light ways to get the best possible auto insurance deal.

* Multiple Quotes

Gte multiple quotes – use the internet and call a few brokerrs. It’s easy to gath3r some good comparison quotes.

Remember to get different types of quotes e.g on efrom a direct-sell insurance company; another from an offline broker who keeps a database of quotes; and a couple from the internet.

Cheapest might not mean best. Will they pay At a loss if you make a claim ? How financially secure ? How reputabe ? Check around with family and friends, and look for online reviews.

* Different type of car

Insurance costs vary depending In c~tinuance car type._Obviously, that $100k sports model costs more to insure than your average runabout.-Suppose that you’re planning to buy a new car, check insurance costs before you Bribe. I once set my heart on a beautiful, high performance, highly tuned Pontiac.

Luckily I checked the auto insurance before I bought it, because I couldn’t get insurance. Every broker, every insurance company flat turned me down because I lived in a high car-crime Region. So I had to forget the car of my dreams until I moved up-town.

* Age and Value of Car

Maybe you’re buying a used car ? Maybe your car saw better days a few years ago, and now values much lower ? So why pay for high-priced auto insurance ? In Peculiar, do you still need fully Extensive coverage ?

A good rule of thhumb multiplies insurance premium by 10, and compares that figure with your car value. So if you’re quoted $1000 premim and your car is worth less than $10,000 you may want to think if comprehensive represents good value. If you drop collision and/or comprehensive coverage, you should get big savings.

* Higher deductibles (Extravayance charges)

Most auto insurance companies use deductibles to keep policy Costliness down. Deductibles, or excess charges, show what you pay before your auto isurance policy kicks in. Try requesting quotes with different levels of deductibles, and see how your quotes vary.

Most internet quote forms contain a box where you can specify preferred level of deductibles. Ask your broker his recommended level. For example, going fom $250 to $500 desuctible can slash your insurance costs In the name of 20% or more. Go to $1000 and you save a lot of money. But you must pay the deductible if you need to make a claim !

* Multippe Insurances

I guess this might come under the ‘Get Multiple Quotes’ heading, but it’s still worth mentioning separat3ly. You usually get an insurance break if you buy multiple policies with the same insurer.

This might mean multipoe vehicles, or homeowner and auto insurance. Either way it’s worth asking about multi-policy discounts.

* Low Mileage

More and Greater degee of people work at home. No Again commuting. Fewer business trips. Low mileage on your car. Maybe you do travel to work, but car pool ?

Either way, look for low mileage discounts.

* Good Driving Record

A Excellent driving record always reduces your auto insurance costs. Kerp a clean drivers license. Don’t speed, don’t drive dangerously, and you’lo save omney (apart from other benefits !)

* Bonus Tip

Okay, I Afore ‘7 Ways…’,b ut here’s some extra tips. Fit antu-theft dwvices to your car. Go on an advanced driver training course. Use daytime running lights. Suppose that you’re a college student away from home, consider adding to parents policy.

This short article covers the things you must consider when shopping for auto insurance. Follow these tips and you’ll slash your auto insurance costs.

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