Lower Automobile Insurance Rate -- Simple But Guaranteed Tips

1. For no reason should you allow your car insurance policy to lapse.. You'll attract more expensive rates for a long time if you let this happen albeit mistakenly. This happens to many folks while they are changing over to another insurance company.

Don't terminate your old policy until the new one is fully operational and you'll not make this costly mistake. Many individuals are paying more than they would otherwise just because of this mistake. So do take care so you don't become one of them.

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2. Paying your premium yearly will result in more affordable rates than opting for monthly payments. Although this alternative is always more convenient, it costs more for some reasons..

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

There are also administrative costs to your insurer that are due to monthly payments. For example, it costs some money to send payment notices each and every month.

These and more are then included in your rate thus making it more than if you paid yearly.

3. Ask your agent personally about all the discounts possible with with your present insurance carrier. Since agents too are not above mistakes they might not remember to tell you about some discounts you should take advantage of. You will discover only by telling your agent that you want to know if you have been told about every discount possible for your profile. You might be in for a very pleasant surprise!

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4. Complete a defensive driving course. Apart from the fact that they will bring down your rate, they will make you a better driver.

5. Electronic Funds Transfer (abbreviated as EFT) is a smart way to lower your automobile insurance premium. This authorizes your insurance company to automatically withdraw your payments from your account at specified intervals. This saves your insurer in many ways such as eliminating the cost of sending payment notices and the cost associated with processing checks. Your rate is therefore reduced to reflect the cheaper cost of giving you insurance.

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6. You can get lower rates on auto insurance now by visiting not less than five insurance quotes sites. Each site will take you around 5 minutes or less to request quotes. (Some people give details that is not quite true about themselves. That is NOT smart since the quotes you'll get this way will NOT be of any use to you).

You'll have to pick lowest auto insurance quote for you from the list of quotes returned. That's all there is to it. However, you could realize savings hundreds of dollars.

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