Affordable Car Insurance Rate -- Straightforward But Proven Tips

1. Do your best to always ensure your auto insurance never lapses. You'll attract very expensive rates for a long time if you let this happen albeit mistakenly. It's easy for this to happen to many folks when they are changing to another insurer.

A simple way to be certain you do NOT make this costly mistake is to leave your old policy intact until you've confirmed that the new policy is fully operational. It appear to be simple but, believe it or not, many people are paying higher rates today just because they overlooked this.

2. If you opt to pay your premiums monthly, you'll attract higher rates. You may be told paying monthly is less stressful but what you're not told is how much more you pay for it..

If you do transactions with banks you'll agree with me that each check you process is regarded as transaction which attracts charges. For 12 payments (that is, your monthly payments) you will have a sum of twelve transactions. This means that transaction charges would be 12 times more for those who pay monthly.

Apart from this there are also administrative costs that come with the monthly payment option. For example, it costs insurance companies millions of dollars annually to mail payment notices..

These and more are then added to your rate thus making it higher than if you paid yearly.

3. An easy but smart way of lowering your vehicle insurance premium is by authorizing an EFT (Electronic Funds Transfer). This authorizes your insurance company to automatically withdraw your payments from your account when due. This eliminates administrative overheads like those incurred when sending payment notices. Your insurance carrier passes part of what they save to you by offering you a lower rates.

4. You might save several hundreds of dollars by simply obtaining and comparing quotes from not less than five insurance quotes sites. And, it will require just a total of 25 minutes.

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