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Wednesday, April 1, 2009

Tips on Lowering your Seattle Auto Insurance Premium

By Steve Turner

During this hard financial time, many are searching for more affordable Seattle auto insurance coverage. Utilizing some insurance strategies and requesting a number of quotes from various insurance companies could drastically lower your insurance premium. Here is a great way to begin.

You will be categorized as an uninsured driver if you let your current policy lapse. Your premiums will be as much as 20% higher than a driver that maintains steady coverage. To avoid being in this situation begin looking for cheaper coverage one month before your current policy expires.

Insurance providers will include finance fees in the premium if you choose to pay in installments instead of all upfront. Some will charge as much as $10-15 for a three month period, making it cheaper to even put it on your credit card. Another incentive to pay upfront is that some providers will offer a fast payment discount for doing so.

Do not be fooled by such gimmicks as first accident forgiveness. You will most likely pay a higher premium for coverage of an accident that may not even happen. Ask how much your policy will cost with and without this feature.

Your auto insurance premium can be decreased if you install an alarm or vehicle recovery system in your vehicle. A great resource in determining which to install would be your insurance provider. You can also ask what discounts you may qualify for if you do install one.

The amount of competition in the insurance market right now is resulting in very low prices being available. To make sure that you find the best price for the coverage that you are looking for, request quotes from multiple providers.

Follow the tips above. If you need further information contact an insurance broker. Since brokers work with many insurance providers they will easily be able to find you the best price. - 21392

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