Low Cost Auto Insurance: 8 Ways to Cut Expenses

February 7, 2018 · Posted in General Articles on Car Insurance · Comment 
auto insurance
 

1. Raise your deductible.

A higher deductible on collision and comprehensive coverage can lower your auto insurance rates. For example, increasing your deductible from $200 to $500 could cut your collision cost by as much as 30%. Since the average annual premium is $687, this can save you $206 per year.

2. Drop collision and/or comprehensive coverage on older cars.

If your car is declared a total loss, you will receive the cash value. If your car is 5 years old or older, it may make sense to cancel the collision and/or comprehensive portion of your policy and bank the savings.

3. Avoid duplicate medical coverage.

If you have adequate health insurance, you may be paying for duplicate medical coverage in your auto insurance rates. In some states, eliminating personal injury protection (PIP) can lower your premium by up to 40%.

4. Drive a “Low-Profile” car.

The auto insurance rates are much higher for cars that are expensive to repair, or are favorite targets for thieves.   Before buying a car, determine the auto insurance rates.

5. Drive less.  

Some auto insurance companies offer cheap auto insurance quotes to motorists who drive less than a predetermined number of miles a year. Consider using public transportation, a carpool or vanpool to commute to work.  

6. Ask for a multi-policy discount.

Some insurance companies give a discount if you have your homeowner policy with them also.

7. Ask for a discount based on your credit score.

Some auto insurance companies use the credit score to establish premiums. If you have a high credit score, ask for a discount.

8.  Compare auto insurance rates.

When shopping for the cheapest auto insurance, you will find that prices for the same coverage can vary by hundreds of dollars. So, it pays to compare auto insurance rates.

Get free auto insurance quotes at http://www.howtocutyourexpenses.com

 

With over 20 years of experience as a personal financial educator and counselor, Vernon Williams has developed in depth knowledge of what it takes to achieve financial success. Today, he is a sought after trainer and speaker by organizations from both the public and private sector. He is the author of 425 Ways to Stretch Your $$$$ and 3 Rules that Guarantee Financial Success. Go to http://www.howtocutyourexpenses.com for money-saying tips.

 

 

 

By: Vernon Williams

About the Author:

With over 20 years of experience as a personal financial educator and counselor, Vernon Williams has developed in depth knowledge of what it takes to achieve financial success. Today, he is a sought after trainer and speaker by organizations from both the public and private sector. He is the author of 425 Ways to Stretch Your $$$$ and 3 Rules that Guarantee Financial Success. Visit Vernon at http://www.howtocutyourexpenses.com

How To Get Cheap Auto Insurance Online

February 7, 2018 · Posted in General Articles on Car Insurance · Comment 

While an auto insurance policy will be obligatory if you are a motorist, you will certainly not want to pay more than you have to on your premiums. There are plenty of different things that you can do if you want to choose the size of your auto insurance premiums. As such, consider a few of these basic tips on how to get cheaper auto insurance online.

If you are currently with a particular provider then the worst thing you can possibly do is to simply let your auto insurance policy rollover into a new year. Instead you need to reevaluate whether or not you are getting the best deal possible from the provider you are with. As such, when your policy is about to expire you need to negotiate with them over some improved rates.

At the same time it is also a good idea to look to the option of changing to a new provider if you feel like the rates you are getting are not suitable. There are dozens of different insurance companies that will happily snap you up and therefore you need to come to terms with the fact that you hold the power. Comparing different quotes and looking towards different insurance companies will that of policies is a great way of reducing your premiums.

Always reevaluate the coverage that you require at the end of every policy as well. Not only should you be working out whether you can get a cheaper deal, but you should be working out whether you actually need such a comprehensive package. One of the easiest ways of reducing the cost of your auto insurance policy is simply to reduce the amount of coverage that you have. For example, if you have an older car then collision coverage and may not be necessary.

Your premiums will also be significantly affected by the size of the deductible on the policy. The deductible is the amount that you will have to cover when you file a claim. In general, the higher the deductible, the lower your premiums will become.

Consider your credit rating as well. You need to maintain a decent credit if you want to get decent rates on any sort of financing in your life and the same will apply to your auto insurance premiums. As such, always focus on making your payments at the right time and try not to build up too much debt. This will have a negative impact upon your credit rating which will, in turn, have a negative impact upon your premiums.

Check for discounts. It may well be possible for you to get a discount if you purchase your car insurance alongside another insurance policy that you require, such as home insurance. Consolidating your insurance needs in this way often leads to a discount on each policy you get.

It is also very important for you to maintain a good driving record for your auto insurance company. The worse your record becomes, the more likely your premiums are going to be higher because insurance companies will perceive the risk of view filing a claim as being higher.

 

Buying Policies For Auto Insurance Online

February 5, 2018 · Posted in General Articles on Car Insurance · Comment 

It’s quite evident and plain to see that proper coverage in every respect is truly important when it comes to being ensured. For research and for better rates, you might consider buying policies for auto insurance online. If you research thoroughly, you’ll see that this method has proven to be better for many consumers.

And, nothing can stop you from going down this route either. But, it is essential that you research and educate yourself. This will bring you to applying for auto insurance quotes. Of course, you can also use the old-fashioned method of calling each insurer directly. The problem with that is that it is extremely time consuming to place the calls and wait on the phone until an available agent comes to help you.

Rather than going that route, you can get your automobile insurance quote in two ways using online methods. One would be finding the actual insurer and filling in an application. It would therefore supply you with a quotation. On the other hand, you can find a website that does comparative shopping for you. The second option is less time-consuming.

It only requires that you to fill in one application and receiving several quotations for it. Obviously, it’s an individual choice. However, given the fact that we live in an extremely fast-paced world, everyone tries to save time. At the same time, people are trying to save as much money as they can in all respects, and with their coverage as well.

Lets face it, the insurance industry is a numbers game. Sometimes, we can even say that it is criminal in the way that individuals are held liable for mistakes, being penalized in ways that just continuously increase the rates. Thankfully, we as consumers now have a lot more options that we can take advantage of.

The truth is, it’s your hard earned money and you should spend it wisely. Certainly, good coverage is of essence. And with that, you have to ensure that you are dealing with a reputable insurer who is willing to take you on as a customer for a reasonable rate. This way, everyone is happy and it’s truly a win-win situation.

Lets face it, why would you throw your money away on something like this when you can use it in profitable or other fun ways? Therefore, take the time to research and educate herself on the subject. Don’t make any quick decisions. Instead, do some comparative shopping so that you can be confident of your choices and ensure that you and your family are well covered and are being charged a reasonable amount.

It also means that you should be doing some serious calculations with regards to your coverage and some changes that you can possibly make to your benefit. There are a slew of factors that are taken into consideration before any insurer issues a automobile insurance policy and rates. So there might be some changes that will work in your favor.

 

Benefits of Driving Hybrid Cars

February 2, 2018 · Posted in General Articles on Car Insurance · Comment 
by Julia Oberdorf

Alternative fuel cars refer to vehicles that run on any fuel other than petroleum fuels, or any engine that is not thoroughly relying on petroleum. Having these environmental laws have made alternate power sources a huge order for government and car manufacturers all over the globe.

Corporations and governments must now judge the effect that long-term use of petroleum has done to our globe. One large step to help the healing process is to manufacture alternative fuel autos, these include vehicles that produce much less or none of the carbon emissions of gasoline.

The battery-electric vehicles, or BEVs, are vehicles that are run by the chemical juice of batteries. Much are classified as zero emission vehicles, or ZEHs, because no emissions are made while running. Electrical energy for these cars are coming from a range of battery chemistry’s arranged intro battery packs. BEVs mainly use lead-acid batteries, NiMH batteries, and lithium-ion batteries.

A hybrid automobile, or the petrol-electric hybrid, implements multiple sources to provide power. This commonly refers to petrol-electric hybrid vehicles, which use gasoline and electric fuel cells for the muscle used to power internal-combustion engines (ICEs) and electric motors. The Toyota Prius one of the world’s first commercially mass-produced and marketed hybrid automobiles. It first appeared on the worldwide market in 2000, and now has broken the barrier of over one million sold.

A solar car is an electric vehicle powered by the light of the sun obtained from solar panels on the car. Even though, solar cars are not a viable source of transportation. Contest sponsored|encouraged|assisted|promoted

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How to get Cheap Auto Insurance Quotes?

January 29, 2018 · Posted in General Articles on Car Insurance · Comment 
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Almost all the 50 states in US have made it mandatory for the vehicles to get at least a basic auto insurance coverage. However, the final choice of getting either a basic cover or a comprehensive insurance cover (including the liabilities, medical injuries etc.) rests with the consumer.

People who get their vehicles financed must ensure that the final package comes with an auto insurance coverage. A comprehensive cover, though expensive, can take a lot of stress out of the modern day driving routines. If you are ready to and can afford that sort of expenditure, there are various ways in which you can obtain economical auto insurance quotes.

You must not act in haste while shopping for an auto insurance policy and must approach different companies to get the best deal for your vehicle. There are many who’ll offer you cheap insurance rates based on your driving habits and the condition of your vehicle and you must gather as many quotes as you can to do a comprehensive comparative analysis. The great surge in auto insurance providers in the market has made it possible for the consumers to pick out best options for their auto insurance needs.

A large number of auto insurance companies have set up virtual offices on internet, making it possible for everyone to get auto insurance quotes within minutes. This way one has direct control over the different parameters of auto insurance and can try their different combinations to see the effect on the overall coverage details immediately. For instance, you can increase your excess by $500 and see the effect on your monthly premiums instantly. This is a powerful tool that allows the customers to choose best- suited policies for their vehicles.

Before you venture out to obtain insurance quotes from other companies, you must first contact your existing insurance company and find out the options available with them. A lot of companies sell policies in the form of packages comprising of combined plans covering health, automobiles, homes etc. They usually give good discounts to their existing customers and offer attractive additional concessions if one buys multiple plans. In fact you can save up to 35%-40% of your insurance just by purchasing home and health insurance from the same company. You can also avail such offers on purchases of insurance policies for more than one vehicle.

In case you are in the good books of law enforcers and have rarely violated traffic rules, you stand a good chance to qualify for some of the most attractive auto insurance offers. Insurance companies will also offer you reduced rates if you have taken some sort of defensive driving or safe driving courses.

Another easy means to obtain cheap auto insurance quotes is by carefully selecting your vehicle and fitting it with high-quality security devices. You can easily get safety gadgets like alarms, hood locks, steering wheel locks and ignition kill switches installed from your nearest automobile equipments shop. Such devices are good deterrents for the prying eyes of anti social elements and will also earn you handsome discounts on your auto insurance premiums.

There are several cheap auto insurance options available in the market and multiple ways to obtain them. Follow these tips to make your task of getting the best auto insurance policy much easier.

By: Mark Robinson

About the Author:

Mark Robinson writes for Auto-Insurance.GuideFin.com. Visit his website for information about cheap auto insurance.

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