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7 Quick Tips to Lower Your Car Insurance Premiums
Posted By Ron On July 12, 2010 @ 7:45 AM In Budgets,Insurance,Tips & Techniques | Comments Disabled
Car insurance  companies calculate your premiums based on several risk factors. The biggest factor is the likelihood you’ll file a claim. Some examples of other risk factors with auto insurance include the mileage on the car, how often you use the car, your driving record, previous accidents, your zip code, whether your car is highly desired by thieves, and the car model’s history of accidents (Corvettes cost more than Chevettes). There are a few ways to reduce your risk factor and, in turn, the amount of your car insurance  premium, saving your bank account  from a state of shock!
Take a few moments and shop with online sites like NetQuote or Insureme . These two sites do the shopping for you, taking your information and getting online insurance quotes from multiple, highly reputable companies. The savings can be substantial and it pays to shop your car insurance  every 12 – 24 months. Insurers can be guilty of “premium creep” – where they inch up your premiums every few months or so, citing nothing more than the increased cost of providing the service as their reason.
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.
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.
Make sure your insurer knows that you use public transportation on a regular basis. More miles on your vehicle means a great possibility of an accident.
Even if it isn’t to relieve your record of a ticket, a defensive driving course can reduce your car insurance  premium, drastically if you have drivers on your policy that are under the age of 26.
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.
Photo by Team Dalog 
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