Posts Tagged ‘Older Cars’
1. Raise your deductible.
A higher deductible on collision and comprehensive coverage can lower your auto insurance rates. For example, increasing your deductible from $200 to $500 could cut your collision cost by as much as 30%. Since the average annual premium is $687, this can save you $206 per year.
2. Drop collision and/or comprehensive coverage on older cars.
If your car is declared a total loss, you will receive the cash value. If your car is 5 years old or older, it may make sense to cancel the collision and/or comprehensive portion of your policy and bank the savings.
3. Avoid duplicate medical coverage.
If you have adequate health insurance, you may be paying for duplicate medical coverage in your auto insurance rates. In some states, eliminating personal injury protection (PIP) can lower your premium by up to 40%.
4. Drive a “Low-Profile” car.
The auto insurance rates are much higher for cars that are expensive to repair, or are favorite targets for thieves. Before buying a car, determine the auto insurance rates.
5. Drive less.
Some auto insurance companies offer cheap auto insurance quotes to motorists who drive less than a predetermined number of miles a year. Consider using public transportation, a carpool or vanpool to commute to work.
6. Ask for a multi-policy discount.
Some insurance companies give a discount if you have your homeowner policy with them also.
7. Ask for a discount based on your credit score.
Some auto insurance companies use the credit score to establish premiums. If you have a high credit score, ask for a discount.
8. Compare auto insurance rates.
When shopping for the cheapest auto insurance, you will find that prices for the same coverage can vary by hundreds of dollars. So, it pays to compare auto insurance rates.
Get free auto insurance quotes at http://www.howtocutyourexpenses.com
With over 20 years of experience as a personal financial educator and counselor, Vernon Williams has developed in depth knowledge of what it takes to achieve financial success. Today, he is a sought after trainer and speaker by organizations from both the public and private sector. He is the author of 425 Ways to Stretch Your $$$$ and 3 Rules that Guarantee Financial Success. Go to http://www.howtocutyourexpenses.com for money-saying tips.
Vernon Williams
http://www.articlesbase.com/insurance-articles/low-cost-auto-insurance-8-ways-to-cut-expenses-692601.html
Owning a class or antique car is a real joy, but it poses challenges from restoration to preservation. Finding affordable auto insurance for these gems can also be difficult. As with any insurance, research is the key. Take the time to decide what kind of coverage you want, then get quotes from multiple companies.
Car insurance quotes for classics and antiques will depend on many factors. What is the value of the car? Has it been restored? What modifications have been made to the vehicle? Is the car garaged when not in use? How many miles will be put on the car annually? Who will be driving the car? Where will the car be driven to and from? Know the answers to these questions before shopping for auto insurance.
Insurers of classic and antique autos will want to know the specific value of an older car before insuring it. The auto insurance companies will ask numerous questions about the state of repair the vehicle is in. The Kelley Blue Book or other car value publications will be consulted for a retail and trade in value. You should do this yourself also so you know the general value range of your vehicle.
Auto insurance companies want to know the miles the car will be driven annually. It is one of the most important aspects of the car insurance policy for older cars. Will it be driven for shows and weekends only or will it be used for daily driving? Some car insurance companies restrict the driving to weekends only and will not allow for it’s use as transportation to work. Others will allow any type of use, but only allow say 3000 miles a year to be put on the vehicle. They may also want a picture of the car and a list of all the modifications. This information helps them give you the best policy price for your car.
In order to get the most joy and value out of your classic car, pick the insurance coverage that will fit your lifestyle. Picking an insurance policy with too little coverage, or inadequate coverage, will be disastrous if something should happen. You will want your vehicle to be restored up to it’s current value if minor damage occurs. Some insurance companies will not do this, stating it is unable to be fixed to it’s pre-event state due to the lack of original factory parts available. In the event of a crash or unavoidable damage, you will want to be assured they will do everything in their power to repair your vehicle. Call around or cruise the Internet to find the auto insurance company that is right for you.
Mary Duares
http://www.articlesbase.com/classics-articles/auto-insurance-for-your-classic-or-antique-car-396597.html
I have to buy a car and the insurance will be costing more than the actual car. Some factors I can’t change like the fact it will be my first year with a full GB licence, my gender, age, where I park it, etc. But when considering the car I will buy, what factors might lower my insurance costs? Keeping in mind my price range for the car is 450-900 pounds,
- what makes/models are hardest/easiest to break into?
- what security devices would make a difference to the cost of my insurance, and how much would they cost?
- what year of car is considered to be built more securely than in the past? (harder to break into…I understand older cars are easier to break into, but what is the general cut-off line of "old"?)
- style or colour of car?
- any other factors?
http://www.parkers.co.uk/insurance
Groups1-20
Group 1 are the cheapest to insure.
Group 20 are the most epxenive to insure.
But before buying always get a quote.
Nowadays, there’s no thing that can be considered as “free.” Every little thing has an amount that you should pay in terms of money or through other ways if you wish to have or own that particular thing. You will find it a hard time to save money for your future use.
Like in an auto insurance, it is not unusual if this cost $12,000 a year or even higher. But actually, it doesn’t necessarily have to cost this much. Though it might take a bit of work, it is possible to cut that insurance bill by a substantial amount.
The first thing is to shop around or get at least three price quotes. There are many way to get quotes, like calling via telephone, getting the quotes directly via internet, or calling your state insurance department as it may be able to provide you with a comparison of prices charged by the major carriers in your state.
The second one is to check insurance cost before buying a car. It is because insurance premiums are based on the cost, the cost to repair it, the overall safety record and the likelihood of its being stolen. You can often get a discount from insurers if the car you are buying has a great safety record or if it is designed to reduce the risk of death.
Increase your deductible. Higher deductibles will lower your insurance cost substantially.
Another way is to reduce the coverage on older cars. If you have one or more old cars, consider dropping the collision coverage entirely for it may not be worth if your car is worth ten time the premium. By contacting your bank’s auto loan department, you will find out the worth of your car.
Next one is to buy your auto insurance from the same company that has your homeowners insurance. All the major insurers offer both homeowners and auto insurance and will give you a nice discount if you buy both types of policies from them. If you insure several vehicles with the same company, you may also qualify for a discount.
Keeping a good credit record. Auto insurance companies are using credit information more often to price their policy. By paying bills on time, and by keeping your credit card balances as low as possible, you can maintain a good credit history. Be sure to check your credit record regularly so, if errors occur, you can quickly correct them immediately, thus, keeping your credit record clean and accurate.
With the aid of these tips, you could make save yourself enough cash to have nice holiday or even buy a special gift for a loved one.
Roxel Pudol
http://www.articlesbase.com/insurance-articles/lowering-the-cost-of-your-car-insurance-90139.html
There are a ton of choices out there when it comes to low cost auto insurance. So how do you find the cheapest auto insurance with the best company? Here’s how …
Compare Quotes
Far and away the best way to get the cheapest low cost auto insurance is to comparison shop online. There are Internet sites where you can get a number of quotes from A-rated companies so you can compare quotes and get the best rate from the best company (see links below).
All you do is fill out a simple online form in order to determine what kind of coverage you want. It’s quick, it’s easy, and best of all, it’s free.
Get Discounts
As you fill out the online form, make sure you include all the discounts you’re entitled to. Here are the biggest money-savers when it comes to buying low cost auto insurance:
Deductibles – An insurance deductible is the amount of money you pay before your auto insurance company pays a claim. Raising your deductible from $100 to $500 can save you 10% to 15% on your insurance. Raising it to $1,000 can save you up to 50%.
Collision coverage – Collision coverage covers your repair costs when you’re involved in an accident. It can cost you $500 or more depending on the type of car you drive and it’s age. The cost of collision coverage for older cars may be more than the cost of repairing the car.
A rule of thumb is to drop your collision coverage if your insurance premium is 10% or more than your car’s current value.
Bundled insurance – You can get a 15% discount with most companies by putting your auto insurance with your homeowners insurance. And you can save 15% if you own two autos and insure them both with the same company.
Visit http://www.LowerRateQuotes.com or click on the following link to receive free car insurance quotes from A-rated companies and get low cost auto insurance. You can get more insurance tips by checking out their “Articles” section.
ryan@thesatellitetvguide.com
http://www.articlesbase.com/insurance-articles/low-cost-auto-insurance-how-to-get-the-best-possible-price-109062.html