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Getting the Best Deal on Auto Insurance
Author: Brennan Howe
Shop around and do it yearly. Don't just keep paying the
invoice over and over without comparison shopping. Below are a few
suggestions to help you get the best deal available on your automobile
insurance policy.
Insurance agents really have a lot of leeway. They can price match and
they can offer many discounts. There are also many decisions you can make
about your policy that will save you a bundle. For example, if you change
your deductible on your collision from a $50 deductible to a $1000
deductible, you're inline for a huge premium savings. If you don't think
you could come up with $1000 out of pocket, then change it to a $500
deductible; you'll still save a sizable amount on your annual premium
payment.
You can also get more of a savings if you change your comprehensive
deductible. Many people needlessly carry full coverage on their older
vehicle. They originally purchased the
vehicle new, paid for full coverage and to this day, continue to pay the
same high rate. Their ten year old vehicle may be worth $1000 or less, yet
they continue to pay $250-$450 every six months (total $500 to $900
dollars a year) to keep full coverage on their old vehicle.
However, if they have an accident and totaled their vehicle, the insurance
company will only pay them the wholesale value of the vehicle. The amount
they would receive could be $1000 or less. A vehicle that old just needs
the insurance that protects the other person in case of an accident.
Another method to save more on your insurance is by combining your
vehicles and other insurance together to get you additional savings. All
insurance companies offer a multi-car discount (if yours doesn't, it's
time to switch companies). Further, many will discount more if you have
your homeowners or renters policy with them.
There are a few other discounts that you may not be taking advantage of.
It seems obvious, but make sure you are getting the correct rate for your
age. There are discounts for various
ages than can save you lots of money. Check with your agent on this one.
Also alarm systems on your vehicle are usually good for a discount.
Additionally, anti-lock brakes and air bags can also help lower your
premiums.
Don't just keep paying the invoice when it comes in. Your insurance bill
should be an automatic trigger for you to make a few phone calls to see if
you can save even more money on your auto insurance premiums.
About the author:
Brennan Howe is owner of
www.freeinfosites.com Where you can find information on a variety of
topics including car buying tips.
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