Posts Tagged ‘Insurer’
The first step towards risk free driving is cheap auto insurance. You should do your homework properly when you’re looking for one. After all, it’s in your interest not to pick the first offer you find but look for the best one instead. If they want you as a client, insurers should offer low prices and great service.
Here are some tips to help you find the best and cheapest auto insurance quotes:
Know what are the requirements according to the state’s law: for example, in some states, you need to have a minimum liability coverage, which deals with the damages even if you’re the one at fault.
There are a lot of states that have this no-fault system and sometimes they only cover passengers as an option. In other states, even car damage coverage can be optional.
Make a profile with all the needed information, like who drives the car, where they drive it, what type of vehicle it is, where you live, what safety features there are in the car and what your driving record is. This will make it much easier to get quotes.
Other Essential Parameters:
- Reading the fine print is very important, as it allows you to find out the answer to some of your questions.
- Don’t put your policy away and forget about it. Talk to the insurer and keep your policy up to date. Tell your agent when things change and see if you can get some extra discounts.
- Something else that you can do is to be reviewed anually and to keep looking for auto insurance quotes on the Internet. They can be found easily and quickly.
- Keep your auto insurance information with you at all times. You might not need to, but it’s a good idea to have it on you.
Policy Options:
You can tailor a cheap auto policy according to your needs. Your residing state might ask for a certain level of insurance coverage, but you can select a higher level if you want that. There are a lot of insurance and coverage options to choose from.
Selecting the period of the policy: the policy will cover you for its entire duration. You choose the time when you sign the contract.
In most cases, these auto insurance policies are made for half a year or a full year. But, you can also buy insurance for a smaller or longer period of time. In most cases, if you buy for a longer period of time you will need to have lower premiums. That’s because companies save money with them and they can offer you discounts.
Before it expires, you can decide to cancel your insurance at any point. But you will have to go through some procedures before you do that.
An example would be paying a penalty fee. You should keep in mind that you need some kind of car insurance to be able to drive.
Ricky Lim
http://www.articlesbase.com/cars-articles/cheap-auto-insurance-quotes-online-cheapest-car-insurance-rates-688046.html
Life insurance guarantees payment of a given amount to the insured person’s beneficiaries when the policy owner dies. While many people, especially younger people, don’t necessarily want to take the time to think about something as abstract as dying, this form of insurance is particularly important for parents or other persons with dependents.
The basic structure of most life insurance policies is relatively straight-forward: the policy owner pays a premium every month; upon the owner’s death, the insurer issues payment for the policy amount to the spouse, children, or other beneficiary(-ies) named in the policy. In practice, as with most forms of insurance, specific policies can be much more complicated than this fairly simple model.
For example, the life insurance policy might have riders, or additional clauses, that pay off in the event of a terminal or critical illness or a permanent disability due to physical or mental causes. Also, there are different varieties of policies, including term life insurance, whole life coverage, universal coverage, and limited-pay policies. Understanding the difference between the different types of coverage and picking the appropriate one for your situation can be difficult, and professional advice may be necessary to ensure the correct policy is in place.
Term Life Insurance covers the insured for a certain number of years, after which the coverage typically expires. Because the policy does not build any cash value, and because it is typically based on a low likelihood of death for the covered person, term insurance premiums are usually relatively low. However, the length of the term, the amount of coverage (and whether it stays constant or decreases over time), and the premium amount (again, fixed or adjustable over time), will all affect the premium amount. The lower premium is a primary advantage of term life insurance; a drawback is that, at the end of the term, the still-living insured receives no benefit from the coverage.
Whole Life Insurance is permanent life insurance, which means the policy holder can withdraw money paid in or borrow against the cash value. Whole life has the advantage of a fixed annual premium and guaranteed death benefits. Premiums are much higher than term life policies at first, but over the life of the policy the two policy types roughly even out in terms of total cost. While whole life insurance does build value over time, it may not be as strong as other savings options in terms of the rate of returns. Also, dividends are not guaranteed with whole life.
Universal life insurance is similar to whole life, but it offers more flexibility in premiums and may offer stronger returns over time. It also has a cash account and accrues interest.
The variety of policies available is intimidating enough to many people. With dozens of optional riders available, and variations even within individual rider classes, competent professional help is definitely recommended when selecting life insurance. It should be noted that the life insurance policies offered by many employers, while an attractive benefit, are typically not adequate to meet the needs of the insured’s family in the event of an untimely death. The total amount of life insurance carried should be enough to pay off any mortgages, car payments, credit card debt, and any other major outstanding debt, leaving the survivors in a solid financial situation.
Martin Lukac
http://www.articlesbase.com/insurance-articles/life-insurance-facts-138997.html
Everything is expensive in California. The overall cost of living is quite high in comparison to many other locations. State minimums on car insurance coverage in California are higher than they are elsewhere. These two factors combine to create very high insurance premiums throughout the state. Nonetheless, while rates may be higher in California , there are many ways to save significantly.
Drivers in California should follow every available general suggestion on ways to minimize their insurance premiums. They should also shop around carefully, as rates can vary dramatically from one company to another. One reason for this is that California law allows insurers to charge based on previous payouts. If for whatever reason your insurer has paid an unusual number of claims, then your rates may be affected.
If you are in the market for reasonably priced car insurance in California, begin by determining which coverages you actually need. Many insurance companies have their own in-house minimums, which may be significantly higher than the state-mandated requirements. Check with the state to determine exactly what is required and insist that the insurance company begin with those numbers. Additional coverage will be determined by many factors including the value of your car, whether you are making payments and your financial resources.
Maintaining a clean driving record is the single biggest factor in keeping your insurance rates low. Safe driver bonuses are plentiful but may require a perfect record. Other discounts are available for full time students, members of various organizations, retirees and others. Make sure that you are taking advantage of every possible discount or bonus.
Buying auto insurance online can result in significant savings by avoiding the middleman. Companies such as esurance.com will allow you to compare auto insurance plans from competing companies side by side. Be sure that you compare identical products in terms of deductible, coverage and any additional products.
Consider a higher deductible. If you are a good driver with a low risk of accidents then it may be better to pay a higher deductible should an accident occur, as opposed to a high monthly premium. Before making this decision examine your budget to determine whether the money would be available to pay the deductible if needed.
Check insurance rates before buying a new car. Vehicles are classified by group and certain groups such as sports cars cost significantly more to insure. Your driving record also plays a part, meaning that young drivers of sports cars will pay much more than both young drivers with other cars and older drivers with good records who own sports cars.
Truly cheap car insurance is difficult or impossible to find in California. However a bit of persistence can pay off in significant savings. Shop around, drop unnecessary coverages and be sure that you are getting all applicable discounts. You will be able to find insurance that will fit your budget while meeting your needs.
Levi Quinn
http://www.articlesbase.com/insurance-articles/choices-for-cheap-auto-insurance-in-california-109299.html
Balancing a budget can be difficult. Every penny you save on routine bills like electricity and car expenses can be put to better use somewhere else. You work hard for your money and you’d like to save as much as possible. Everyone likes to save money, so we’ve compiled a few tips to help you squeeze your auto insurance policy for all it’s worth.
Comparison Shop
Comparing rates from several companies can get you the best possible deal on your car insurance. Online quote services are quick and easy, and they do the hard work for you. Comparing prices at regular intervals, like every six months, ensures that you are getting the best price for the coverage you need. It also forces you to review your policy so you can determine if your coverage is still adequate for your needs. There’s no sense in paying for too much auto insurance.
Raise Your Deductible
By raising your deductible from $200 to $500, you can save up to 30% off your monthly premiums. If you have an accident, you’ll have to pay a few hundred dollars more out of pocket, but if you bank the savings every month, you should have a nice nest egg to use should you need a quick $500 for your deductible.
Check For Discounts From Your Provider
Discounts are pretty much standard for all insurance companies. While details vary from company to company, some types of discounts are commonly offered by most insurers. Insurance companies offer discounts to policy holders that insure multiple vehicles, buy life, homeowner’s or renter’s insurance along with their auto insurance, and those who have fewer accidents and moving violations. Drivers over 50, those who take safety courses and owners of cars with safety equipment like daytime running lights, airbags and anti-lock brakes all can receive discounts on monthly premiums. It’s important to talk with your insurer to make sure you’re taking advantage of all discounts that you qualify for.
Take Advantage Of Low Mileage Discounts
Drivers who stick close to home can get a low mileage discount from the insurance company. Ask your agent if your daily commute meets the restrictions for your policy.
Shop Wisely For A New Car
Purchasing a new car that has a theft deterrent system, or one that is inexpensive to repair and is not often targeted by car thieves will lower your monthly car insurance. Do your homework before shopping and check in with your insurance agent before making your final decision. Finding out that the candy apple red convertible will cost you more in insurance per month than the loan payment, may make you change your mind about taking it home.
Be Realistic About Older Vehicles
If you own an older vehicle that is worth $2,000 or less, carrying full coverage insurance is probably not a smart financial decision. You would be further ahead to drop the extra insurance and save the difference in premiums in a bank account in case your vehicle becomes damaged or stolen. Let your money collect interest in your bank account, not your insurance company’s.
An informed consumer can shave a few dollars, maybe even a few hundred dollars off of their car insurance premiums. Armed with these tips, you can make sure your hard earned money is working for you.
Levi Quinn
http://www.articlesbase.com/insurance-articles/save-money-on-your-car-insurance-today-157894.html
Wouldn’t you love to get your car insurance at bargain rates? There are a number of proven ways to cut your premiums and, whilst most of them are no secret, many of us neglect to put them into practice. You just have to know what to do and where to go and your premiums could tumble.
Cutting the cost of your car insurance is more important than ever these days. According to the AA’s British Insurance Premium Index, the average annual comprehensive motor insurance premium is running about £822 annually. That’s it’s highest rate ever. But you can cut your car insurance premium in half if you shop around carefully and pay attention to a few little factors that can raise or lower your car insurance costs.
1. Shop around.
Shopping around is the key to getting the best possible rate on your car insurance. Whether you’re buying cover for the first time or renewing your existing policy, you should check insurance comparison sites to find the best possible deals. Ask for quotes from a number of different insurance providers – but be sure that you check the same options with each provider so that you are comparing like with like.
2. Get quotes from an insurance broker.
Insurance brokers represent many different insurers, so when you work through a broker, you can check prices from a range of insurers at the same time. Do keep in mind, though, that your insurance broker has an agenda as well – and will only tell you about the insurance providers that he or she represents.
3. Buy directly from the insurer.
When you cut out the middleman, you’ll save because there’s one less cut to be taken out of the pie. One way to benefit from both the variety offered by an insurance broker is to check quotes through a broker and then get a direct quote from the insurer’s web site.
4. Check multiple quotes through an insurance comparison site.
There are two kinds of insurance comparison sites. One is a broker site, where many insurers are represented and the web site owner gets a commission for each referral to an insurance company. The other type is the independent price comparison search engine which offers honest comparisons and reviews. You can apply for quotes online both through the broker site and at the insurer’s own web site and decide which offers you the best deal.
5. Get quotes for no-frills and internet-only car insurance
If you want comprehensive car insurance but are not bothered about all of the optional extras included in many policies, you could save money with simple, no-frills cover. These offer all the comprehensive cover basics to keep you on the road but cut out some of the options many drivers never use to save you money. You could also cut your premiums by using internet-only insurers who keep their overheads low by only selling and administering their policies online. They claim that these savings are passed onto the customer in lower premiums. Again, the key is to shop around and confirm these claims for yourself.
6. Buy your insurance online – but not before double-checking your quote on the phone or in person.
Buying online will typically save you 10% to 20% on your premium, but it’s not a hard and fast rule. Be sure to check with the insurer directly as well though.
Shopping around can really pay off but, keep in mind that there are other things you can do to cut your premiums as well. The top five tips for reducing your car insurance premium in addition to shopping around for the best deal are:
1. Reduce the number of miles you drive annually.
2. Add your partner to your policy.
3. Avoid making claims for small accidents.
4. Pay for your insurance annually.
5. Take an advanced driving course.
Simon Christopher
http://www.articlesbase.com/finance-articles/secrets-of-cheaper-car-insurance-326052.html
What is the SR-22?
The SR-22 is a certificate that you are have auto insurance. This is also necessary if you’ve been intricate in the any accident and had no auto insurance or if you’ve been convicted of earnestly drunk when driving a car. BMV in Maine will merely accept the SR-22 from auto insurance company that is certificated to sell auto insurance in Maine. Can own insurer strike out or decide not to renew my auto insurance in Maine?
First 70 days insurer can decide to end the policy for different reason that isn’t ban by law in Maine and including the next: if you don’t paying for award,cheat or distortion affecting the policy or require, if license of driver suspension.
Ending for any of the next reasons is ban by law in Maine: the age,information about credit .
The auto insurance company not returning all my reward after the policy was ended. What to do?
It can be because your scope protracted to the point paid for by antecedent reward, or you can be assessed a annulment punishment.Contact auto insurance company to know more details.
The juvenile just got the license. The auto insurance company has added this juvenile to policy. He’s not going to drive my auto. Can they do that?
You have many people in your family and it means every man can have an access to the household vehicles. The policy also includes every member of family as an insured over your policy.
Also auto insurance companies are only allow to charge for inhabitant which have the license of driver. A learner-driver cannot be direct added to your auto insurance.
Why is auto insurance rate highest for youthful drivers?
Youthful drivers have shown that have a greatest rate of damages and accidents, crime, and next auto insurance losses. Auto insurance rates are planned in a way that drivers who have bigger accidents or damages and losses paying higher rates and money than drivers with some losses and accidents. Why the previous auto insurance company registered the BMV when company ended the policy?
Eden Ali
http://www.articlesbase.com/insurance-articles/auto-insurance-certificate-sr22-in-maine-192377.html
I’m having trouble finding ratings by people regarding their auto/home insurance. I’m located in Southern California. I don’t mind paying a premium for better coverage.
That’s because there aren’t any.
There’s no one top "best" insurer, as "best" is in the eye of the beholder. To many people, it means cheapest.
Its about economy of scale. When you sign up for healthcare coverage, you join a group of other people to combine your healthcare purchasing power. Your insurer covers the whole group, rather than individuals, so everyone shares the cost of staying healthy.-Stay Smart Stay Healthy
See more vidoes at: http://www.youtube.com/user/staysmartstayhealthy
Duration : 0:2:0
Maybe you’ve been denied by many companies if you have an awful driving record. Or maybe the auto insurance quotes you’ve got were extremely high-rated and out of your budget. The online ads of auto insurance quotes do seem promising, but the reality is that they charge more if their customer is a high-risk driver. But the good news is that there companies which provide cheap and effective schemes.
Now the question arises how one becomes a high-risk driver. There could be many reasons .One of them is having a rickety driving background with numerous speeding tickets. A DUI or DWI on your driving record can also prove to be harmful for getting a good and cheap insurance quote. This can also affect your auto insurance premium greatly. There is an unusual type of insurance called SR-22 for high-risk drivers.
A young driver under the age of twenty five or the one having his or her own sports car may be taken as a high risk driver. One’s auto insurance premium can be affected by his or her financial credit ratings. These criterions vary with each insurer. All car insurance companies charge more for high-risk drivers. Luckily, from your home computer, you can compare various companies at the same time and can save your money.
Comparing auto insurance quotes is quite simple using internet. One has to just find an auto insurance comparison website. This saves time and there is no need to visit several companies personally. Some sites offer general quotes, whereas others show more information that a customer would need. While comparing various auto insurance schemes, look for the companies that focus mainly on high-risk drivers. These will provide good schemes for high risk drivers as high-risk driving insurance is their specialty. Once your search is narrowed to only few companies, you may personally speak to the agent to get a summarized quote.
Eliminate of the types of coverage you don’t need is also a main part of your plan. The basic types of coverage include accident, legal responsibility (property spoil and body wounds), underinsured motorist coverage, medical expenditure, and physical injuries. More liability is always better. To visually see what each company offers, manually take out the print outs of various quotes provided by the companies. Keep your driving record clear to decrease your premium. It’s always better to wait for the best.
Alien
http://www.articlesbase.com/insurance-articles/how-to-find-auto-insurance-quotes-677504.html
Just like with shopping for just about everything else in the UK, finding the best deals on car insurance is as quick and easy as the click of a mouse. The Internet has brought the world to your fingertips, and it’s about time you began to utilize it, especially when it comes to items like car insurance that require comparison shopping in order for you to get the best deal. With this in mind, here are a few tips to keep in mind when shopping for car insurance in the UK.
First things first: One item of consideration that’s more important than price is service. If you don’t believe me, think about this: what good would the best policy with the best price be if your claim took months to process? What if your dozens of phone calls in which you left messages go unreturned? A delay in any shape or form is an inconvenience for you, and any inconvenience that you have to deal with will eventually cost you money. This item brings us to the next one on our list: price.
Since price is second on our list, be aware of hidden costs and fees that can be attached to some policies. If one policy seems so expensive that there must be something wrong, you’re probably right. Don’t be afraid to ask any potential insurer for an offer for insurance in writing so that you can easily compare and contrast all of your options.
Be sure to inform your potential insurer of all motor vehicles that you currently own and operate to make sure that your prices will remain as low as the initial quote. If your auto has extra options like anti-lock brakes or an anti-theft device, be sure to mention it. If your auto has letters after the name, like a Corolla LE, be sure to mention the letters, for they will have an impact on the final cost.
Finally, always buy your auto insurance from a company that you can trust, one that you’ve heard of and have heard good things about. One or two disgruntled customers can make their opinion known to the world much quicker than 100 happy ones, so you’ll need to do a bit of research if you have any doubts.
Of course, with so many potential insurers out there begging for your business, there are scores of Internet sites that will do the comparison and price shopping for you. These sites offer their services for free, as the insurer pays them on commission when you choose their policy. They will relay all pertinent information to you and you pick the policy that suits your needs the most, all without doing anything more than clicking a mouse.
Mary Simone
http://www.articlesbase.com/finance-articles/shopping-for-car-insurance-in-the-uk-75407.html
Many of us will not like the idea of dealing with life insurance policies as it can seem a bit morbid in some people’s book, believing it’s like preparing for death or buying your own coffin but many people have got this all wrong.
Life insurance isn’t just for providing for your family in the event of your death but cover things like should you need extra medical care from a terminal illness, and considering this kind of care is rather expensive you’d be thankful that you had arranged cover for this kind of eventuality.
Many people who have had the forethought to arrange a life insurance policy don’t think of it as morbid, but more as a responsible thing to do should they have partners or children who depend on them. A recent study by one insurer has found that now is as good a time as any to get your life insurance sorted.
life insurance costs have been steadily coming down every year and despite almost every other financial product at the moment it is still an affordable expense and recent reports have put life insurance policies at their cheapest for the past decade. Hoping to entice UK residents to take more responsibility to their dependants a life insurance policy can now be bought for a cheap price compared to other pricey insurance policies like car and home insurance.
The only issue is that like car insurance you need to be a “low risk” potential policy holder in order to get the best savings, but how do you find out if you fit in this elusive category? Well whether you are a smoker or not is a big factor in the life insurance world, with smokers obviously being prone to more serious illnesses and shorter life spans they will have policies sometimes up to 50% higher than a non-smoker.
Another factor that is a growing issue is whether you are considered obese, obese people are again suspect to conditions like High Blood pressure, diabetes and prone to heart attacks which would equate to higher life insurance quotes.
Many UK insurers are urging people to consider life insurance as at the moment it is estimated that 73% of Brits don’t know how much their life insurance cover should be worth. This would equal 16 million people not knowing whether they are suitably covered or not.
It’s important to make sure that A, you are covered but also B, you are fully aware of the level of cover and whether you are happy with that as this is the future you are planning for.
Andy Adams
http://www.articlesbase.com/insurance-articles/life-insurance-at-its-lowest-cost-for-a-decade-751215.html
Car Financing
Securing financing before you go to the lots allows you to have the bargaining power of pre-approved finance when searching for your vehicle. Remember that the longer you borrow the money, the more it will cost you. Try not to borrow too much and make sure you don’t borrow an unreasonable amount that you can’t pay back. Try to pay as much as you can up front – in cash or as a trade-in – and pay less interest. Several ways to get financing is via the internet (see resources), your local bank or credit union.
* How low is the interest rate?
* What are the annual fees?
* Can you make extra repayments without being penalized.
* Are you covered with the payments if you get sick or injured?
* Do you have a good credit rating?
Thoroughly investigate your loan and always make sure you look at the total cost of the loan as a higher interest rate can sometimes be better than a loan with a low rate but with a lot of hidden fees!
Leasing
Leasing enables you to lease a more expensive car than you could afford to purchase. The lessor (usually a bank or leasing company) buys the vehicle from the dealer or manufacturer and then leases it to you. You, in turn, pay the lessor for the right to drive the vehicle during the term of your lease. When you buy a car you pay for the entire price of the car. When you lease, you pay for the depreciation, acquisition fees, negative equity on a trade-in and after-market products (such as extended warranties) over the lease term.
A vehicle with a 20,000 price tag can be leased for three years with nothing down and a monthly payment of $385.00 or bought over the same period for $2,500 down and a monthly payment of $595. Sounds like a good deal but we got to remember the buyer owns the car and can claim the equity in it.
Car Insurance
There are several ways to get insurance: by phone, the internet or you can go to a insurance agent. Every policy is different and each insurer uses a different set of criteria in determining insurance premiums. Criteria for how much your premium will be is determined by where you live, age or sex and sometimes even your credit rating. Remember, the higher the risk, the higher the premium.
* Some other things they look at:
* Make, model and age of your car.
* Whether your car is driven for business or privately.
* The age of the drivers.
* Your driving record.
* Whether or not the car is financed.
* If there are any theft deterrents on the car.
* The number of miles that you drive per year.
Bodily Injury Liability:
Covers other people’s bodily injuries or death for which you are responsible. It also provides for a legal defense if another party in the accident files a lawsuit against you. Claims for bodily injury may be for such things as medical bills, loss of income or pain and suffering. Bodily injury liability covers injury to people, not your vehicle, not you or other people on your policy. Remember to review the terms and conditions contained in the policy. It is mandatory in most states.
Property Damage Liability:
Covers you if your car damages someone else’s property. Usually it is their car, but it could be a other property damaged in an accident such as a house or a fence. It also provides you with legal defense if another party files a lawsuit against you.
Comprehensive Coverage:
Covers your vehicle from incidents other than collision such as if it was stolen, fire, flood, or animals. A higher deductible can substantially lower the cost of insurance premiums but it means you pay more out of pocket if an incident happens. This is not required by most states, but if you have a loan or a lease they will require it.
Collision Coverage:
Covers damage to your car when your car hits, or is hit by, another vehicle or object other than a car. This coverage pays to fix your vehicle after you pay the deductible. This is not typically required by a state, but if you have a loan or a lease they will require it. .
Uninsured and Underinsured Motorist Coverage:
Covers when property damage is sustained by an driver with no insurance or is insured, but the limits of liability carried by the driver are not sufficient to cover the damages.
GAP Insurance:
This is insurance that pays the difference after you car has been totaled. For example your car is worth $3000.00 but you still owe $3500.00 to a lender. The Gap insurance pays for the difference.
Robert Gering
http://www.articlesbase.com/automotive-articles/auto-financing-leasing-and-insurance-90846.html
Are you paying too much for your auto insurance? If you believe you are paying too much for your current auto insurance coverage then the following suggestions may help you save money:
- Shop around
Sure, you’ve read this tip everywhere but it’s true. Only by shopping around for auto insurance coverage and getting quotes on premiums from several insurance companies will you be able to know for certain you are getting your car insurance coverage at the best available rate.
When shopping for your auto insurance policy, remember to compare more than insurance rates. Ask about how insurance claims are approved and processed, and how quickly they’re paid. Look into each insurers’ financial stability (there are independent rating services that can help you with this.) Remember, during times of stress like after an accident you will be dealing with the insurance company and you’ll want to make sure you’ll be helped when you need it most.
- Select a higher insurance deductible
When you file a claim, a deductible is the amount you pay first before your insurer pays the remaining balance. Often people select lower deductibles, so when they have to submit a claim, their out-of-pocket expenses are minimal. But the truth is, the higher your collision and comprehensive deductibles the lower your auto insurance premium. The savings by increasing your deductible to say $1,000 from $250 are significant—you can save hundreds of dollars off your insurance premium.
Of course, the flipside is that if you should have to submit an insurance claim you are responsible for paying the deductible. So select the maximum deductible you can afford to pay—the higher the better because the difference in your car insurance premiums will mean more cash in your pocket.
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Remove or reduce coverage on older vehicles
If your car is getting up there in age, you may want to think about dropping the collision or comprehensive coverage (or both) on your policy. You need to think about this one though – it’s not always a clear-cut decision. You need to weigh the cost of the two coverages with the value of your car and your chosen deductibles. For example, if you had a 10-year-old car that’s worth about $1000, and your deductible was $1000, the coverage is not actually going to help you. -
Ask about discounts
Most insurance companies offer discounts. While the availability of discounts will vary depending on your insurer, where you live and whether you meet eligibility, make sure to ask if there are any discounts you can take advantage of. The following is a list of a few of the more common discounts (if available in your state, each insurer will have different eligibility requirements):
• Multi-vehicle discount – available if you insure multiple vehicles with the same insurer
• Multi-line discount – available if you insure your home and auto with the same insurer
• Good driver discount – if you have not had an accident or ticket in a long time
• Good student discount – if you’re a student with good grades, usually about a B average
• Safe driver discount – if you’ve taken and passed an accredited driver safety course
• Anti-theft discount – if your vehicle has certain anti-theft devices installed
• Safe vehicle discount – if your vehicle has certain extra safety features
• Retiree discount – if you’ve reached a certain age, usually 50 or 55
• Low mileage discount – if your vehicle is not driven often
• Occupational discount – if you work in a certain field or hold a certain degree
• Auto club discount – if you are a member of an auto club, like AAA
• Association discount – if you belong to certain associations, like your alma mater
• Away-at-school discount – if your child is attending school out of town
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Choose a car that costs less to insure
If you’re purchasing a new car and have narrowed it down to two or three options, compare the auto insurance rates of each to see if there is a notable difference in the cost to insure. Remember, insurance rates are more for vehicles with high theft rates and repair costs. If there is a significant difference in cost to insure your first choice car, you may have to reconsider. -
Drive safely
OK, this one is obvious but true. Driver’s with no accidents, tickets or insurance claims almost always pay less for their auto insurance coverage. Your driving record is an influential factor in determining your insurance rate. Tickets and at-fault accidents affect your insurance rates for years. With a less than perfect driving record, you can find yourself paying a lot of extra insurance premium over the years.
Jennifer
http://www.articlesbase.com/insurance-articles/save-money-on-your-auto-insurance-moneysaving-car-insurance-tips-31375.html