Tips That Guarantee Affordable Car Insurance Rates

Monday, March 2, 2009

Cheaper Auto Insurance: Ways To Get It

By Chimezirim Odimba

Finding cheaper auto insurance doesn't have to be so difficult, but under the law, all drivers have got to purchase it. Rates that are within your price range are everywhere, if you will just shop around. You may be able to bank 1/4 of the price of your existing insurance coverage.

Simply asking a friend or acquaintance how much they pay for insurance is not even relevant to your circumstances. This is because insurance rates are determined on a person's individual risk of becoming involved in an automobile accident, what type of car you drive, as well as factors such as your age, driving record, and your credit rating.

Students that attend full time and maintain better than average grades will also get cheaper auto insurance rates. You will get the cheapest auto insurance by proving to the insurance companies that you are a responsible person.

To find affordable car insurance that fits your needs, you'll need rate quotes from several different companies. When looking for cheaper auto insurance just remember that there are numerous agencies that specialize in offering them. Once you've found a company that seems to offer affordable car insurance rates, you can reduce your bill even more by increasing the deductible on your policy.

Make sure that you understand that if you get in an accident the deductible amount is the amount that you have to pay out of your pocket. If you won't be able to get your hands on the deductible amount then don't make it higher.

If it is a feasible option, pay your car insurance annually instead of making the smallest monthly payments for even bigger savings! To offer cheaper auto insurance, many companies provide a percentage discount to drivers who pay their entire premium with one check. It doesn't hurt to see if this is available with your company.

If you're concerned about the big price tag of your car insurance, think about getting a means of transportation that is cheaper to insure. The priciest cars to insure are the sports cars and the vehicles that have a higher theft rate. Choosing a moderately priced vehicle with airbags, anti-lock brakes, and locking steering to prevent theft can result in cheaper auto insurance rates.

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