5 Simple And Effective Car Insurance Tips

Car insurance need not be an expensive affair. But unfortunately, many people pay a higher amount of premium than they really have to, because they do not understand the real aspects of auto insurance. Here are a few effective car insurance tips that can save you a lot of money in the long run.

1. First of all, have a clear understanding of your vehicle and your own requirements. Every single vehicle and individual is unique and their auto insurance policy needs to reflect that uniqueness. What might be perfect for another person who drives the same type of car as yours may not be the right option for you. Therefore, you need to have a specific goal for your policy. You need to pay only for those aspects and drop all the other bells and whistles that unnecessarily add to your expenses. This will immediately reduce quite a large chunk from your premium payments.

2. Understand that your premiums will go up when the coverage for your car is a considerable risk for your insurance company. If your car is a high profile model that is very expensive or is likely to attract burglars, then you might have to pay a higher premium. You can install anti-burglary devices to bring down the threat to your car. You can also arrange for a safe parking facility so that the risk of damage or burglary is minimized. This will effectively lower the premium that you need to pay for your high risk car.

3. Your premium amounts will go up when you as a driver, happen to be a high risk to your insurance company. If you are a rash driver or you happen to get a lot of traffic tickets, you might attract a higher insurance rate. Learn to be a more responsible driver. If your driving record is good over a long period of time, then you can hope to reduce the amount you pay for your premiums.

4. Try to pool different kinds of insurances together and have them all processed by a single insurance company. Having separate policies for each requirement can be more expensive. Clubbing them all together can lower your premiums.

5. Never compromise on the basic essentials that you cannot do without. While you should cut down on unnecessary coverage, you should never go overboard and compromise on coverage that is absolutely essential for you. You need to strike a balance between paying too much and too little for your premiums.

Put these simple and effective car insurance tips to work and pay for the right kind of coverage at the right price.

These Car Insurance Tips Can Save you a Bundle

With the rising number of car accidents and the rising cost of car insurance these days you want to be sure you’re getting the best insurance at the best rate. Here are three car insurance tips that will show you how to save the most amount of money.

Car Insurance Tips

Car Insurance Tip #1 – Shop for quotes. Shopping for quotes is by far the best way to save the most money on your insurance premium. There are a number of websites that will give you quotes from top insurance companies so you can compare them and get the cheapest rate. (See links below.)

I’ve known people who’ve saved $500 to $1,000 on their car insurance simply by switching companies.

Car Insurance Tip #2 – Increase your deductibles. A deductible is the amount you pay on a claim before your insurance kicks in. Most of us never file claims for small amounts of damage because insurance companies can hike up your rates if you file too many claims, so it only makes sense to increase your deductible to an amount you feel comfortable with.

Increasing your collision deductible from $200 to $500 will cut your yearly premium by 15% to 30%. Increasing it to $1,000 can cut your premium in half.

Car Insurance Tip #3 – Drop collision coverage. Collision covers the cost of repairing damage to your car regardless of who was at fault. If you drive an older car, consider dropping collision coverage if your premium is equal to 10% or more of your car’s value.

Dropping your collision coverage can save you $300 to $500 a year depending on the age and make of your car.

Top 5 Car Insurance Tips That Every Driver Must Know

Car insurance is a complex subject, albeit a necessary one. Many drivers tend to be fed wrong information through word-of-mouth advice or misleading websites. It is very important that drivers know the myths from the facts regarding car insurance so that they can understand their coverage and make informed decisions. Here are some car insurance tips that drivers need to know.

Tip No. 1: Understand how a ticket increases your car insurance rates. Many insurance companies only charge for moving violations, so parking tickets do not affect your insurance. Similarly, there are many other types of tickets which do not cause an increase in the rates, and they vary from company to company.

Tip No. 2: Car insurance does not cover everything inside or on the car. Many people have a common misunderstanding that stereo equipment and aftermarket parts added on the vehicle are covered by their insurance policy. While the coverage depends from person to person and company to company, in most cases, the coverage for the car contents is very low. A car insurance policy is mainly used for covering impact damages to the car and medical bills resulting from accidents. So, ensure that your home insurance covers these add ons. If you have equipment and aftermarket parts installed on your vehicle, make sure you keep the receipts for the same.

Tip No. 3: Understand your no-fault insurance: No-fault insurance is a gray area. It does not mean that, in case of an accident, no one is at fault. There is always someone at fault in a collision; just that, irrespective of who is at fault, the companies pay the claims for their respective subscribers. The at-fault party naturally will see increased rates.

Tip No. 4: Insurance does not cover every car you borrow-If you happen to be driving a borrowed car and are at fault in a collision then the owner of the car will see a rise in his car insurance rate, not the borrower. This is especially important to understand and be aware of in case you happen to borrow cars frequently from friends.

Tip No. 5: Understand the legal minimum prescribed by your state: Each state has prescribed obligatory legal liability coverage and every driver needs to be aware of this. But one must also be aware that this amount is not the perfect amount and does not cover collision and comprehensive coverage. Drivers need to carry more than the legal minimum to avoid out-of-pocket expenses in case of collisions. These legal mandates are in place to ensure that no one drives a vehicle without liability protection for other drivers.

3 Best Cheap Car Insurance Tips From a Former Insurance Agent

Often people worry that if they pay a cheaper car insurance rate they’ll not get the best deal. You can get the cheapest insurance rate and you’ll get all the benefits that someone who is paying a lot more is getting. Cheap may not be a good deal when it comes to some other things but here are a few things to keep in mind when looking for cheap auto insurance. And it doesn’t matter if it’s a car, truck, motorcycle, RV or other vehicle. Here are 3 best cheap car insurance tips that may help you decide on which way to go.

1. No auto insurance company offers the lowest rate to everyone. They’re going to give the best rates to drivers that fit their criteria or profile for the best risk. You cannot always tell by the ads or commercials they run. Some are looking for older drivers and don’t hide the fact – older meaning more than 50 years of age.

Factors that are considered are: zip code or postal code, the type of vehicle you’re insuring, how much driving experience you’ve had, how old you are, how much loss you’ve had in the past to insurance companies among others.

2. History with an auto insurance company matters. How long you’ve been with an insurance company may have a lot to do with your current rates. Changing to a new company is not always a good idea. Make sure you take history into consideration.

3. By paying a lower or cheaper insurance rate it does not mean that if you have an accident, you’ll have a difficult time with the claims adjuster or any claims issues. You’ll be treated just the same as if you were paying higher rates.

Make sure to do plenty of research and compare not just the rates but the policies too. Read the fine print. Once you’ve boiled it down to 2 or 3 insurance companies, ask the insurance agent to tell you what he or she likes about the insurance policy and if he can offer any discounts.

Yes these are just a few – there are a lot more best cheap car insurance tips but too many to mention in this short article. And the best way to get the cheapest car insurance quotes is to get several at one time and compare the rates and policies. The best way to do this is online where you can submit a little basic information all at once in just a few minutes and get several quotes back in minutes. Then you can research the 2-3 that are the lowest and see what’s best for you.