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Sunday, May 24, 2009

Cheaper Auto Insurance -- Ways To Pay Less

By Chimezirim Odimba

Do you know that you might be losing money if you have a car that you've not used for months? Do you have a car that you've just forgotten about because of the headaches it gives you or something? Is this car still on your auto insurance policy or have you removed it?

Simple as this looks a lot of people end up paying thousands in unnecessary premiums because they don't remember to remove such cars from their policy. Don't make this mistake.

You will get discounts with some insurers if you're part of an auto club. Although you shouldn't look to be given huge discounts for this, each small discount you can garner will add up to much on the long run.

Make sure you do NOT give false details when you complete your forms. Insurance fraud costs us all.

If you're one such people who don't care what your actions cost the rest, then be informed that your insurance provider will cancel your policy once they discover your details are false.

This could make you lose a lot more than what you thought you would save. This is partly because of the added cost you'd bear if your policy lapses (which is what would happen if your insurer cancels your policy).

Reports have it that the average American family pays about $1,500 extra premium dollars because of insurance fraud. Help make the world a better place by doing your bit to ensure we don't have to pay a lot more.

You'll get a No Claims bonus or discount if you do not make any claims for about four years. Those who understand how to take advantage of this often handle very minor repairs and fixes and so easily become eligible for this discount. So check what it will cost you to fix the problem and what you'll gain with a No Claims discount and choose whichever will serve your best interest.

Using your parents' auto insurance policy is a different option for you an under twenty five. Your parents are part of a better risk age bracket.

To take advantage of this though, you'll have to live with your parents and also have the vehicle registered in their name. If you don't like the idea of handing the car's ownership to them and other stuff that may be attached to that, then you will have to forget this option.

Car Insurance For Teens

And...

The most important step to huge savings in auto insurance is comparison shopping -- Given that you do it well. You can get quotes that will have a difference that exceeds $1,000. You could conveniently save so much by simply picking the lowest quote. This should be the case if you're simply after the lowest price.

Howbeit, if you want the best value to price ratio then you would have to look at the details of the lowest quotes. Different insurers may have adjustments for similar policies. It's important that you ask the agent what's part of the deal and what's not. - 21392

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