Automobile Insurance Rates -- To Save Massively, Implement These

Everyone out there would be very happy to discover a way of enjoying lower rates provided such a way won't negatively affect the level of coverage they get. Here are tips that will help you get big discounts with ease...

1. The difference in what it will cost you to insure comparably priced cars could be much. It will help a lot if you get advice from your agent before buying your next car. A comparable car that has a bad crash rating and higher theft rate will cost a lot more to insure.

Another thing to find out is a car's maintenance cost since this is also a factor that determines your auto insurance premium. With such diligence you can avoid buying a vehicle that will cost you much in higher rates over time.

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2. A car with a higher safety rating will get you lower rates than one with a poor rating all other things being the same. Safety features should be given more consideration when buying a new car. You'll qualify for a Safe Car discount if your vehicle has such mechanisms.

3. Under-25 drivers get higher rates than any other age group. Worse still, if they are teenagers their auto insurance rates could be really high.

So you'll do well to NOT place your teenage driver on your 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. This act will save you more than money as your teen driver will happily listen when suggestions are made on things that will bring down the high rates they pay. 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. Depending on the insurer, you'll be eligible for a discount of 5% once you've stayed with them for between three and five years.

Furthermore, if a long term policy holder files just one claim, most insurers will NOT raise their rates thereafter. It makes sense for the insurer as it is cheaper to give discounts to existing policy holders than to acquire new ones.

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.

Supposing your auto insurance premium with your present insurer is $2,500 you will get a discount of about five percent or $125 if you maintain your policy with them from3 years and above.

But we can almost say with some certainty that due to inflation your premium might not remain the same. Within the course of these three years you might get an insurance provider who will give you the same auto insurance coverage or better for under $2,000. In this regard, it will be pointless to stay put because you want to get a discount much later when you can get cheaper rates at the moment.

Moreover, in most cases, most folks can easily pay a lot less than they are presently on auto insurance if they shop right.. You can only be sure if it is true for your profile if you get and evaluate quotes from many different auto insurance companies and then see where you'll gain more..

5. Complete a defensive driving class. In addition to the fact that they will make you a better driver, they'll show your insurer that you're taking active steps to make yourself a better risk.

6. It's easy to save a few hundred dollars on a home but lose thousands over the years on auto insurance because of its location. Also note that a neighbor not too far away might fall under a lower crime zone than you -- This affects rates.

So check with your agent before you commit to a new home. The truth is that most people don't think about this when they are about buying a home.

Remember, you might live in this home for up to 20 years or more. If its location makes you pay up to $200 more in premium, that will add up to $4,000 within that time frame.

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7. Using your parents' auto insurance policy is an option for you an under 25. If you're of driving age, then your parents certainly are far above twenty five years which means they are better risk drivers.

You have to bear in mind, though, that the car must be registered in their name and you must be living with them if you want to use this option. This means that by law they own the vehicle. If the benefits of "independence" outweigh your auto insurance savings then this is certainly not alternative for you.

8. Visit not less than five quotes sites. Visiting not less than five quotes sites raise the chances that you would get better auto insurance quotes. This is because offers not represented by one site will be covered by another.

And, you know that since the likelihood of getting lower auto insurance quotes has to do with the number of quotes you receive, the more insurance companies you obtain quotes from, the higher your chances will be.

Obtaining your auto insurance quotes online will help you save much more if you invest only 25 minutes to ask for quotes from not less than 5 quotes sites.

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