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| Saving Money On Auto Insurance |
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| Written by Susan Reynolds |
| Wednesday, 07 October 2009 08:43 |
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Attempting to save money whenever it is possible is important to everyone. Insurance companies should not be any different; don't assume that your agent will know everything there is to know about your vehicle and you. CarInsurance.com will benefit you because they go out of their way to locate all possible discounts available to each customer. Anything that reduces the risk the insurer takes on will usually equal a discount. Safety features often fetch discounts, including automatic seatbelts, airbags, anti-theft devices, and anti-lock brakes. You can also get discounts by taking defensive driving courses. However, bear in mind that any discounts connected to these classes will only apply if you take the class voluntarily; if you were required to take the class because of a citation or court case it won?t count. If you?re a good driver with no citations, accidents, or suspensions in the past three to five years, you can qualify for a safe driver discount. Or, if you?re a full-time student with good grades, unmarried, and under 25 you may also qualify for good student discounts depending on the insurer. To start, there are discounts you can get for Auto Safety features, and certain states will offer discounts for anti-lock brakes. To receive this discount you must know if your vehicle is a two or four wheel anti-lock brake vehicle. Frequently having automatic seatbelt and airbags will bring discounts on your insurance premiums. Many states also offer discounts to those who complete defensive driver classes. If your vehicles chief driver is either 55 years old or older or has completed the approved defensive driving class, a reduction could apply. Most states will only approve of a class if it was taken voluntarily, not the result of an infraction or violation. Certain insurers offer discounts for owning multiple vehicles, although, in some cases that only applies when you have two or more drivers. Lastly, you could be eligible for a safe driver's discount if you have had a clean driving record without any accidents, tickets, or suspensions in the past three to five years. There are plenty of companies that would willingly reward you with discounts just for staying with them for a certain amount of years. Some companies will even hand you a discount if you have had limits on your previous policy. In addition to discounts, there are other ways to lower your overall cost. If you own an older car, it may not be either cost-effective or necessary to protect it with full coverage; you could use liability instead. Look at the value of your car versus your premium: sometimes insurance can cost as much as the car does! If your car is worth less than $2000, this is almost certainly the case. The type of car that you buy can also affect your premium: sports cars will usually cost more to insure than your average sedan, as will cars that are frequently stolen. There are also other ways to lower the cost of your insurance. It may be unnecessary to protect older cars with collision and comprehensive coverage. If you compare the book value of your vehicle and the premium offered by the insurer, you could find that it costs as much for the insurance as it does for your whole vehicle. If you have a car valued at less than $2,000, you will probably end up spending more insuring it that it is worth. The benefit of driving an older car is to save more money, so why not make that happen. Additionally, remember that the type of vehicle you purchase can significantly affect your premium. A mid sized sedan will typically cost less than a flashy red sports car. This also applies to vehicles that are stolen more frequently. Policyholders have many options for saving money on insurance. Gaining more knowledge about auto policies and premiums can help consumers take advantage of hidden discounts while making sure that they have the right protection for their vehicles. Lastly, a way to save money is to assume more risk. If you decide to choose a higher deductible on your personal injury protection or comprehensive and collision coverage, it will lower your premium. The deductible is the money that you are required to pay before your insurance company takes over the rest. About the Author: Susan Reynolds is the webmaster for a leading South African Insurance Portal that provides consumers with the best Car Insurance Options. Kindly provided by LJ-Marketing.dk You are welcome to use this article on your own website, if you include the link just before this text. |
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