Bump Up Your Deductible. You can gain instant savings by increasing the deductible you are willing to pay. You may find a $1000 deductible for collision to make more sense and save you a considerable amount of money in the long run.
Receive Discounts. If you park your car in a locked garage, have an alarm system installed, possess an excellent driving history, etc., make certain that your insurer is aware of all of this. Your premium should be adjusted downward to reflect your special security measures youre your superior driving record.
Change Your Coverage. If your vehicle is old, you many want to consider dropping collision coverage. Your comprehensive coverage may also be due for review. Finally, make sure that there arent pricey supplementary costs being assessed to you such as towing insurance. Your automobile club likely covers towing insurance and vehicle rental insurance; check your members agreement for duplicate coverage.
Adjust Your Family Status. You may be paying more for your insurance if your policy shows that you are single when, in fact, you are married. Rates are generally less for married couples and for those in their thirties and beyond.
Correct Your Address. Your insurance company may have you listed at the right address, but list you under the wrong zip code. You could be paying a higher premium for living in a high risk neighborhood.
In some cases you can save money on automobile insurance by packaging it with your homeowners insurance. Lastly, discuss with your broker whatever other steps you can take to gain additional savings. You may have missed something or you may not be aware of a special program or offer in place.
Nine Ways To Lower Your Auto Insurance CostsNine Ways To Lower Your Auto Insurance Costs You may not realize it, but the insurance rates you pay for your car can vary dramatically depending on the insurance company, agent or broker you choose, the coverage is you request and the kind of car you drive. Listed below are a number of things you can do right now to lower your insurance costs. 1. COMPARISON SHOP. Prices for the same coverage can vary by hundreds of dollars, so it pays to shop around. Ask your friends, check the yellow pages or call your state insurance department (phone numbers are on back page). You can also check consumer g ..
About The Author
Buying Auto Insurance (Part 2 of 4)Continued from Part 1- (Part 2 of 4) 11.Personal Injury Protection (PIP): Covers the treatment of injuries to the driver and passengers of the policyholder s vehicle. At its most extensive, PIP can cover medical payments, a part of the lost wages of those injured in an accident, and a death benefit. It may also extend to covering the policyholder if he/she is injured while in another vehicle or is hit by a car while on foot. It can cover members of the owners family household. It pays for medical expenses only in some states, but in most states it also covers wage loss (with significant limita ..
Matthew C. Keegan
Copyright 2005 -- Matt Keegan is a contributing writer for Auto Parts Canada: [ http://www.autopartsonlinecanada.com], a wholesaler of OEM parts and accessories: [ http://www.autopartsonlinecanada.com/make/ford.html].
Matthew C. KeeganSave Money On Auto Insurance
