Shop Around- Compare the costs by shopping around at least four to five insurance companies and comparing the quotes. Take the help of your friends, relatives and yellow pages. Your insurance company should offer fair price and posses excellent service records. Check the financial ratings of the company as it indicates the strength and stability of the company.
Ask for higher deductibles- Deductible is the amount of money that you pay before making any claim for an accident. The collision and comprehensive coverage are sold with the deductibles. Higher the deductibles lower will be the premium rate. Increasing the deductible from $200 to $500 may reduce the cost by 15 to 30 percent.
Drop collision and comprehensive Coverage on older cars- If your car is worth less than 10 times your premium inthe current market, consider dropping the collision and comprehensive coverage.
Buy auto coverage from your existing insurer- Buy insurance coverage from your existing carrier. This may help you to reduce the cost. Sometimes low rates are available for the longtime customers.
Eleven Money-Saving Auto Insurance Tips for Senior Drivers
Like all drivers, senior citizens (or as I like to call them seasoned citizens) want to get the best rates on their auto insurance policies. What they may not be aware of is that older drivers may present a higher risk than other drivers, usually leading to higher auto insurance rates.
Following a few simple tips and taking these measures will ensure that you are getting the lowest rates possible on your auto insurance policy.
1. Avoid more Accidents, Pay Close Attention at Intersections. Auto accidents involving seniors often occur at intersections. Make sure to look ahead if you pla ..
Avoid double health coverage- If you think that you have enough health insurance, and then avoid health coverage with your auto policy. This will help you to reduce the cost.
Maintain a good credit record- Insurers are using the credit history while determining the price of insurance. Statistically, the lower your credit score, the more you are likely to file claims. A person with a good credit score is more likely to settle the accident without the support of the company. Try to maintain a good credit record.
Discounts with low profile car- Cars that are expensive to repair or attractive to thieves will have a higher rate. Consider buying a low profile or average car as it your insurer might come up with discounts for such a car.
How To Lower Auto Insurance Costs
It seems these days that it costs more and more to keep your car. With most new cars in the $22,000 range, the monthly payments can be high. The cost of gas is now over $3.00 a gallon for regular and we re in a time where a lot of people drive long distances to get into work. Then, there s the cost of car insurance. Fortunately, you can buy a cheaper car, live closer to work, and by doing your homework, you can save money on car insurance.
The first and easiest way to shop around for car insurance is over the internet. Most insurance companies have sites where you can easily plug in your ..
Take advantage of the low mileage discount: Obtain some discount on premiums by driving less than the national average mileage recorded per year.
Consult about group discount- Sometimes you can get some discounts on group plans provided by your employer, or a business groups, or other associations. Find out whether such a plan is available.
Seek Car Safety discount- Some insurers offer discount if you keep your car equipped with air bag, anti-lock brakes, anti-theft devices, automatic seat belts. Take advantage of this.
About the Author: Sekhar Saha - Contributing writer: http://www.ampminsure.org/ Visit http://www.ampminsure.org/about76.html to discuss this article.
Source: http://www.isnare.com Evan TrumpHow To Lower The Cost Of Your Auto Insurance
