4 Keys to Save a $Bundle on Automobile Insurance
Though you cannot always save on car insurance like some companies promise, still it is usually possible to reduce the amount you are paying if you just look around a bit.
The only way you can find out if you're paying too much is by getting price quotes from several companies. There are lots of ways to save. But be aware that insurers calculate rates differently so you need to not only look around but also be sure to compare apples with apples.
The following four areas are things to consider if you want to save money on your auto insurance:
1. Combine Policies - Often you can get the best deal from the same company that insures you in other areas. Check with your homeowner insurer, for example, or your life insurer (assuming they also offer car insurance). They may have preferred rates for current customers. They may also give you a lower rate because you are a long term customer.
2. Group Policies - Just like group health insurance, you can usually get better rates if you are part of a group automotive plan. That's because insurers are able to average and spread the risk over a group of people who have lower accident rates than the general public. Groups include professional organizations, companies, alumni groups and hobbyists like motor cycle clubs, antique car clubs, etc. Some groups like AAA save millions of dollars a year for their members.
3. Personal Factors - Most insurance companies give special discounts to individuals who qualify for certain conditions. Students, for example, often get lower rates for maintaining a higher grade-point average or fro taking a driver's education class. Adults will typically get lower rates for good driving records and or accident free driving periods.
4. Small Insurance Companies - sometimes small insurance companies offer lower rates to certain groups of people or to people living in a certain areas. This is because they may be trying to grow their customer base in a certain area or in a certain class of drivers. Be sure to include one or two smaller companies in your price comparison project.
Comparing your current insurance rates with what other companies have to offer often pays big dividends. It may even be a good idea to do a price comparison every year or two since companies, markets, and economic conditions change rapidly from year to year.
If you look long and hard enough, you can usually find a lower rate or a better deal somewhere. Sometimes it doesn't take much looking. Of course there is something to be said for sticking with a company if its been treating you right. Just be sure you're not paying too much for that treatment. - 21392
The only way you can find out if you're paying too much is by getting price quotes from several companies. There are lots of ways to save. But be aware that insurers calculate rates differently so you need to not only look around but also be sure to compare apples with apples.
The following four areas are things to consider if you want to save money on your auto insurance:
1. Combine Policies - Often you can get the best deal from the same company that insures you in other areas. Check with your homeowner insurer, for example, or your life insurer (assuming they also offer car insurance). They may have preferred rates for current customers. They may also give you a lower rate because you are a long term customer.
2. Group Policies - Just like group health insurance, you can usually get better rates if you are part of a group automotive plan. That's because insurers are able to average and spread the risk over a group of people who have lower accident rates than the general public. Groups include professional organizations, companies, alumni groups and hobbyists like motor cycle clubs, antique car clubs, etc. Some groups like AAA save millions of dollars a year for their members.
3. Personal Factors - Most insurance companies give special discounts to individuals who qualify for certain conditions. Students, for example, often get lower rates for maintaining a higher grade-point average or fro taking a driver's education class. Adults will typically get lower rates for good driving records and or accident free driving periods.
4. Small Insurance Companies - sometimes small insurance companies offer lower rates to certain groups of people or to people living in a certain areas. This is because they may be trying to grow their customer base in a certain area or in a certain class of drivers. Be sure to include one or two smaller companies in your price comparison project.
Comparing your current insurance rates with what other companies have to offer often pays big dividends. It may even be a good idea to do a price comparison every year or two since companies, markets, and economic conditions change rapidly from year to year.
If you look long and hard enough, you can usually find a lower rate or a better deal somewhere. Sometimes it doesn't take much looking. Of course there is something to be said for sticking with a company if its been treating you right. Just be sure you're not paying too much for that treatment. - 21392
About the Author:
Bill Brankar loves to help people reduce expenses especially with auto insurance and other financial instruments. At his latest website - general auto insurance you can learn more about auto insurance comparison.
posted by X - Men @ 7:16 AM
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