Affordable Car Insurance Rate -- Simple But Sure-Fire Ways

1. Make sure your car insurance policy is not allowed to lapse no matter what.. It will sentence you to expensive premiums for a long time. This happens to some individuals when they are changing over to another insurance company.

Don't cancel your previous policy until the new one is fully functional and you'll not make this costly mistake. It appear to be simple but, believe it or not, many people are paying a lot more just because they overlooked this.

2. Paying your premium once a year will get you lower rates than opting for monthly payments. You may be told paying monthly is easy but what you're not told is how much extra you pay for it..

There are transaction charges that are attached to processing a check. For twelve checks (that is, your monthly premiums) you will have a total of 12 transactions. You'll then have to pay the sum of 12 transaction fees..

That's one side of it: Insurance companies also incur certain admnistrative costs for your monthly payments. For example, it costs some money to send payment notices monthly.

These and more are then added to your premium thus making it higher than if you paid every year.

3. Electronic Funds Transfer (EFT) is a simple way to reduce your vehicle insurance premium. This simply means your insurance provider takes your premiums automatically from your account at specified periods without sending you payment notices. This removes administrative overheads like those involved in mailing payment notices. Your insurance carrier passes part of what they save to you by reducing your premium.

4. You can bring down your auto insurance costs by asking for and comparing quotes from at least five reputable insurance quotes sites.

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