Automobile Insurance Rates -- To Save Considerably, Apply These

We all want a very affordable rate provided it comes with adequate coverage. But how can this happen? Here are steps that will help you attract huge discounts with ease...

1. There are vehicles that cost a lot more to give adequate auto insurance coverage. Therefore, have this on your mind when you go to buy your next car. A comparable car that has a poor crash rating and higher theft rate will be more expensive to insure.

In addition, it will also cost you more if a car is more costly to repair or maintain. With such diligence you can avoid buying a car that will cost you much in higher rates over time.

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2. It will cost you much more to insure a vehicle if it has a low safety rating. Opt for vehicles that have mechanisms that increase safety. Such systems attract a big discount. For more information on this and how much savings you'll realize by having them, consult your agent.

3. Young drivers are statistically very bad risks. Worse still, if they are teenagers their auto insurance rates could be really high.

Therefore, as much as possible, do not place such a driver on your own policy. You'll be made to pay very high rates if you do otherwise. You can discuss with your agent about signing an exclusion form so that your teen driver can have his/her own auto policy.

It's a fair price for them to pay to enjoy the adult privilege of driving. An addition argument in favor of this is that your teen will be more willing to take measures to reduce what he or she pays. Your teen will also be safer as the steps that will bring down his/her rates will make her a more responsible behind wheels.

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4. The longer you stick with the same insurer the more you stand to gain for two reasons: The long term discount and accident forgiveness. Some insurers will give you up to 5% in discounts once you've been with them for up to three years while others will give you such a discount only when you've stayed for up to five.

Furthermore, if a long term policy holder files just one claim, most insurers will NOT raise their rates thereafter. These are all incentives for you to stay with them for as long as possible.

But it will only be right for me to also point out that in spite of these incentives, you might actually gain more if you switch to another insurer.

Let's assume your auto insurance premium with your present insurer is $2,500 you will get a discount of about 5 percent or $125 if you stay for at least 3 years.

However, because of inflation, insurance companies may have to make adjustments in their rates to reflect those changes. But while you're at it, some other insurer might be ready to give you a rate of $2,000 or less within that period. If this is correct about you then you know it is ideal for you to go for the cheaper offer immediately and not wait for years to qualify for a discount that will not even save you as much.

And, in most cases, most people can actually pay cheaper rates than they are currentl on auto insurance if they do extensive shopping.. To be sure you are not loosing a better deal, get and compare auto insurance quotes not less than five insurance quotes sites..

5. Defensive driving helps so get trained in it. In addition to making you a better driver, they will qualify you for a discount with your insurance carrier provided such a course is recognized by them.

6. Before you get carried away with the few hundreds you will save on a house, check if it will not cost you much more in auto insurance. Also note that a neighbor not too far away might fall under a lower crime zone than you -- This affects rates.

So, as part of your home shopping activities, check how this neighborhood will affect your auto insurance rate. The truth is that most people don't think about this when they are about buying a home.

Since you may live in the same home for decades to come, a difference of $200 in auto insurance rates would amount to thousands over the years.

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7. A good alternative for you is to use your parents' car insurance policy. If you're of driving age, then your parents certainly are far above 25 years which means they're better risk drivers.

You must remember that the vehicle must be registered in their name and you must be living with them if you want to take advantage of this option. If you do not like the idea of giving the car's ownership to them and other stuff that may come with it, then you'll have to forget this option.

8. You can get savings of hundreds of dollars on your auto insurance policy by getting insurance quotes from insurance quotes sites. The best way is to visit a minimum of five sites and ensuring that you input the same (correct) information about yourself.

I advise that you use a minimum of five quotes sites since it will make it less likely that you'll miss out better quotes not presented by the other sites. This gives you a broader basis for doing more thorough comparisons thereby increasing your chances of realizing more savings.

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