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Tips to Save on Car Insurance
by Pradeep Aggarwal
Tips to Save on Car Insurance
By Pradeep Aggarwal
We all wish to make savings in our life. Cars included. Myriad
insurance companies offer varying premium rates depending on
their policy coverage. So it is important that you get the best
Insurance package for your car.
These tips will help you how to manage your Car Insurance budget
within limits.
Making Comparisons: The costs of at least three to six insurance
companies will give you a fair idea of the costs involved with
different policies. Seek the advise of colleagues, friends,
relatives. Besides from costs involved, the track record of the
companies matter a lot.
The standing, strength and financial position of the company
need to be looked into. Request for higher deductibles - It's
the amount one pays prior to making any claim for the accident.
The complete coverage and collision is sold along with
Cars at up to 90%
off the book value!
the
deductibles. The more the deductibles the less the premium rate.
By increasing the deductible say from $300 to $600 will
invariable reduce the cost to 20 to 35 percent.
Old Cars - Drop Collision and Comprehensive Coverage - It is
better to drop the collision and comprehensive coverage if the
car is worth less than 10 times your premium in the current
market. One way to reduce the cost is buying the auto coverage
from the existing insurance and insurance coverage from existing
carrier.
No to Double Health Coverage - Avoid health coverage with auto
policy provided you have enough health insurance. This is one
way of reducing costs.
A Good Credit Card Record - This has multiple benefits - helps
to file claims if the credit score is less. A good credit score
will also help in settling the accident with the help of the
company.
Low Profile Car Discount - Fancy and trendy cars with
Get a free
brand new car!
high
maintenance costs higher rate and attract thieves as well. A low
budget, low profile car will help a lot with insurer discounts
to boost.
Mileage Counts - More discounts can be obtained by driving less
than the national average mileage recorded per year.
Avoid double health coverage- If you think that you have enough
health insurance, and then avoid health coverage with your auto
policy. This will help you to reduce the cost.
Maintain a good credit record- Insurers are using the credit
history while determining the price of insurance. Statistically,
the lower your credit score, the more you are likely to file
claims. A person with a good credit score is more likely to
settle the accident without the support of the company. Try to
maintain a good credit record.
Discounts with low profile car- Cars that are expensive to
repair or attractive to thieves will have a higher
rate.
Consider buying a low profile or average car as it your insurer
might come up with discounts for such a car.
Low Mileage Pays - Obtain some discount on premiums by driving
less than the national average mileage recorded per year.
All about Group Discount - It's all about a group taking
insurance plan collectively. Be it an employer, business group
or associations. Check for such plans.
Safety Discount - Discounts are also offered if the car is
fitted with safety items like air bag, automatic seat belts,
anti lock brakes. So make safety pay for you.
About the author:
Pradeep Aggarwal is the creator of the auction spectrum. This
site is dedicated to helping people start and run a successful
online auction business. Visit his site to get a free report and
articles on more "Tips & Tricks on Online Auction Business"
www.auctionspectrum.com
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