Car Insurance Rates -- To Save Massively, Apply These

We all will appreciate a very low rate if it comes with enough coverage. But how can this happen? Here are steps that will help you attract big discounts with ease...

1. Some cars are quite expensive to insure. So have this on your mind when you are ready to shop for your next vehicle. Two factors that will force you to pay more are a car's crash rating and theft rate.

Along these lines, vehicles that generally cost more to repair also cost more to insure. With a little diligence you can avoid buying a car that will cost you thousands in higher rates over time.

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2. You'll pay less if your vehicle has a higher safety rating. Does your car have built-in safety features? You will qualify for a Safe Car discount if your car has such mechanisms.

3. It's a known fact that young drivers attract high rates. Worse still, if they are teenagers their auto insurance rates could be really high.

This means that you'll help keep your rates down if you do NOT have a teen driver on your policy. You'll be made to pay very high rates if you do otherwise. Your teen driver should have his/her own policy. This will be made possible if you sign an exclusion form.

If a teen is keen on driving then then should be made responsible for at least the cost of their auto insurance. This act will save you more than money as your teen driver will happily listen when suggestions are made on things that will bring down the high rates they pay. Your teen will also be safer as the steps that will bring down his/her rates will make her a more responsible behind wheels.

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4. The longer you stick with the same insurer the more you stand to gain for two reasons: The long term discount and accident forgiveness. Depending on the insurer, you'll be eligible for a discount of 5% once you've stayed with them for between three and five years.

Furthermore, if a long term policy holder files just one claim, most insurers will NOT raise their rates thereafter. It makes sense for the insurer as it is cheaper to give discounts to existing policy holders than to acquire new ones. The longer you stay, the more you'll save.

But it will only be right for me to also point out that in spite of these incentives, you might actually gain more if you switch to another insurer.

let'ssay, for example, that you are given a five percent (or $125) discount after your third year with an insurer where you present auto insurance rate is $2,500.

However, due to inflation, insurance companies may have to make adjustments in their rates to reflect those changes. Within the course of these 3 years you would most likely get an insurance provider who will offer you the same auto insurance coverage or better for under $2,000. Then it won't be wise to stay put because you want to qualify for a discount down the road knowing that the expected discount is less than savings you will get now if you change to another insurer.

Moreover, in nearly all cases, most people will easily pay a lot less than they are currentl on auto insurance if they shop right.. You can only know if this is true for your profile if you obtain and compare quotes from a good number of auto insurance carriers to see where you'll gain more..

5. Participate in a defensive driving program. In addition to making you a safer driver, such programs will make you eligible for a discount with your insurance provider provided such a course is one they approve.

6. It's easy to save a few hundred dollars on a home but lose thousands over the years on auto insurance because of its location. Do you know also know that homes within the same neighbor might actually fall into different risk zones according to the insurance industry's mapping?

So, as part of your home shopping activities, check how this neighborhood will affect your auto insurance rate. The truth is that most people don't think about this when they are about buying a home.

Since you may live in the same home for decades to come, a difference of $200 in auto insurance rates would amount to thousands over the years.

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7. Using your parents' car insurance policy is a good alternative for you an under 25. The fact that you're of driving age means that your parents are of a better risk age bracket.

You must remember that the car must be registered in their name and you must be living with them if you want to use this option. If you want to be the owner of your vehicle, then be the big boy or girl and also own the costly rates. Sorry, you cannot have both with this option. However, you can still make a lot of savings by following the link at the end of this piece.

8. You can get cheaper quotes on auto insurance today by visiting not less than five quotes sites. Each site will take you around 5 minutes or less to obtain quotes. (Some folks give information that are not really true about themselves. That isn't smart since the quotes you'll get this way won't do you any good).

You'll have to select lowest auto insurance quote for you from the list of quotes you've obtained. It's as simple as that. Nevertheless you could easily save hundreds of dollars.