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10 Car Insurance Cost Cutters
Posted By Ron On May 15, 2013 @ 1:13 AM In Insurance | No Comments
Car insurance  rates have risen dramatically in the past few decades and there are several reasons why:
That’s right, one of the best ways to reduce your auto insurance premium is to use more mass transit. If it’s available, make certain your insurance agent knows that you drive less and that you want your premium rate to reflect that.
If you’ve recently renewed your policy and the annual premium went gone up dramatically, shop around for a new insurer. The best first step is to use a company like InsureMe.com  and possibly save a significant amount of money. Use that site every year or two since they shop your rate with top companies like Liberty Mutual, Nationwide, Progressive, Allstate, and esurance (among others). One company is always cheaper than another from year to year.
Sometimes insurance companies will provide a discount customers who complete an approved defensive driving course.
Another aspect of shopping around is to ask for discounts. Sometimes simply asking can score you some big-time savings! Ask about discounts for :
I’ve seen a statistic that the average car accident is minor and costs less than $1,200. Insurers are willing to charge a much smaller premium to avoid the hassle of a $1,000 fender-bender. If you’ve built your emergency fund  properly, a $1,500 deductible won’t ruin your bank account !
Lay off the lead foot! Use your cruise control when on the highway (set for the speed limit) and pay attention to traffic signs and signals. I tell my 16 year old — “Do what you know is right” and you won’t have to worry with getting pulled over.
A driver’s record is obviously a big factor in determining auto insurance costs. After all, it makes sense that a driver who has been in lots of accidents could cost the insurance company lots of money. However, folks are sometimes surprised to find that insurance companies may also consider their credit score  when determining insurance premiums.
Drop collision and/or comprehensive coverage on older cars that are worth less than ten times the premium – these cars aren’t worth the cost of that type of coverage.
Remember that not only is your likelihood of filing a claim an important consideration, but also how large your claim might be. Buying a car with safety features no only protects you and your loved ones in case of an accident, but also protects the insurance company from higher claims.
If you obtain a quote from a car insurance  company to insure a single vehicle, you might end up getting a higher quote per vehicle than if you asked about insuring several drivers and/or vehicles with that company. Insurance companies will offer a bulk rate for more of your business because they want (and need) your insurance premium, and under some circumstances, they are willing to give you a deal if it means you’ll bring in more of it. You may be able to bundle your life insurance  or homeowners insurance  as well.
As long as you’re willing to put in a little effort you can easily reduce your car insurance  premiums … so get to it!
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