Affordable Vehicle Insurance Rate -- Straightforward But Guaranteed Ideas

1. Do your utmost to always ensure your car insurance never lapses. Folks who let that happen to them get more expensive rates for a long time. This happens to many folks while they are switching to another insurance carrier.

To avoid a lapse, ensure the new policy is fully in in force before you terminate the previous one. As simple as this may seem, a lot of individuals are bearing the pain of exorbitant rates because of this silly little oversight.

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2. You will get cheaper rates if you opt to pay your premiums annually and not monthly. You may be told monthly payments are convenient but what you don't know is how much extra you pay for it..

If you do transactions with banks you will agree with me that each check you process is considered transaction which attracts charges. For 12 checks (that is, your monthly payments) you will have a sum of 12 transactions. This implies that you'll pay transaction fees 12 times..

Besides there are also administrative costs that are incurred due to the monthly payment option. A clear example of such is the cost associated with sending out payment notices..

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

3. Ask your agent personally about all the discounts possible with with your present insurance provider. It is possible that your agent did not remember to tell you about some. You'll lower the probability of this happening to you if you take the pains to ask your agent point blank to tell you of every discount that is available. Do not be surprised if you discover one or two that you've never heard of.

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4. Participate in a defensive driving class. Apart from the fact that they will reduce your rate, they will make you a safer driver.

5. A simple but smart way of lowering your auto insurance premium is by authorizing an EFT (Electronic Funds Transfer). This authorizes your bank to credit your insurance provider with your premiums automatically until you stipulate to the contrary. This brings down administrative overheads like those incurred when sending payment notices. This is why this gets you more affordable rates.

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6. The most vital route to reasonable savings in auto insurance is comparison shopping -- That's if you do it correctly. You can get quotes that will have a difference that exceeds $1,000. You could quickly save so much by just picking the lowest quote. This should be the case if you're simply after the lowest price.

However, if you're after the best price/value then you would have to look at the details of the lowest offers. Different insurers may have adjustments for similar policies. It's wise to ask the agent what's included and what's excluded.

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