All About Autos and Trucks.com

7 Ways to Slash Your Auto Insurance Costs

Categories

7 Easy Ways To Slash Your Auto Insurance Costs

by: Neil Stelling

The law requires you buy auto insurance. So if you must get cover, how can you reduce costs ? Here's 7 easy ways to get the best possible auto insurance deal.

* Multiple Quotes

Get multiple quotes - use the internet and call a few brokers. It's easy to gather some good comparison quotes.

Remember to get different types of quotes e.g one from a direct-sell insurance company; another from an offline broker who keeps a database of quotes; and a couple from the internet.

Cheapest might not mean best. Will they pay out if you make a claim ? How financially secure ? How reputable ? Check around with family and friends, and look for online reviews.

* Different type of car

Insurance costs vary depending on car type. Obviously, that $100k sports model costs more to insure than your average runabout. If you're planning to buy a new car, check insurance costs before you buy. I once set my heart on a beautiful, high performance, highly tuned Pontiac.

Luckily I checked the auto insurance before I bought it, because I couldn't get insurance. Every broker, every insurance company flat turned me down because I lived in a high car-crime area. So I had to forget the car of my dreams until I moved up-town.

* Age and Value of Car

Maybe you're buying a used car ? Maybe your car saw better days a few years ago, and now values much lower ? So why pay for high-priced auto insurance ? In particular, do you still need fully comprehensive coverage ?

A good rule of thumb multiplies insurance premium by 10, and compares that figure with your car value. So if you're quoted $1000 premium and your car is worth less than $10,000 you may want to think if comprehensive represents good value. If you drop collision and/or comprehensive coverage, you should get big savings.

* Higher deductibles (excess charges)

Most auto insurance companies use deductibles to keep policy cost down. Deductibles, or excess charges, show what you pay before your auto insurance policy kicks in. Try requesting quotes with different levels of deductibles, and see how your quotes vary.

Most internet quote forms contain a box where you can specify preferred level of deductibles. Ask your broker his recommended level. For example, going from $250 to $500 deductible can slash your insurance costs by 20% or more. Go to $1000 and you save a lot of money. But you must pay the deductible if you need to make a claim !

* Multiple Insurances

I guess this might come under the 'Get Multiple Quotes' heading, but it's still worth mentioning separately. You usually get an insurance break if you buy multiple policies with the same insurer.

This might mean multiple vehicles, or homeowner and auto insurance. Either way it's worth asking about multi-policy discounts.

* Low Mileage

More and more people work at home. No more commuting. Fewer business trips. Low mileage on your car. Maybe you do travel to work, but car pool ?

Either way, look for low mileage discounts.

* Good Driving Record

A good driving record always reduces your auto insurance costs. Keep a clean drivers license. Don't speed, don't drive dangerously, and you'll save money (apart from other benefits !)

* Bonus Tip

Okay, I said '7 Ways...', but here's some extra tips. Fit anti-theft devices to your car. Go on an advanced driver training course. Use daytime running lights. If you're a college student away from home, consider adding to parents policy.

This short article covers the things you must consider when shopping for auto insurance. Follow these tips and you'll slash your auto insurance costs.

© DigiLectual Inc. 2004

http://www.autoinsurance--quotes.com/

Discover valuable information and tips to help slash your auto insurance costs.

Go ==> http://www.autoinsurance--quotes.com/

** Attn Ezine editors / Site Owners ** Feel free to reprint this article in its entirety in your ezine or on your site so long as you leave all links in place, do not modify the content and include my resource box as listed above.

If you do use the article please send me a note to neil@autoinsurance--quotes.com so I can take a look. Thanks. Check out other great articles at http://www.autoinsurance--quotes.com/articles.htm

About The Author

Neil Stelling is Marketing Manager of New York based, DigiLectual Inc.

American Pickup Trucks
American Trucks
Bad Credit Loans
Big Trucks
Box Trucks
Cash Advance
Chevrolet Trucks
Chevy Trucks
Classic Trucks
Credit Cards
Credit Reports
Daf Trucks
Diesel Trucks
Dodge Trucks
Dump Trucks
Dump Trucks For Sale
Ford Trucks
Heavy Duty Trucks
Heavy Trucks
Isuju Trucks
Mercedes Trucks
New Trucks
New Ford Trucks
Nissan Trucks
PayDay Loans
Pickup Trucks
Pick Up Trucks
Pick-Up Trucks
RC Monster Trucks
Trucks
Trucks For Sale
Used Trucks
Volvo Trucks
4x4 Trucks
BMW
Ferrari
Honda
Mercedes
Nissan
Porsche
Toyota
VW

American Pickup Trucks l American Trucks l Bad Credit Loans l Big Trucks l Box Trucks l Cash Advance l Chevrolet Trucks l Chevy Trucks l Classic Trucks l Credit Cards l Credit Reports l Daf Trucks l Diesel Trucks l Dodge Trucks l Dump Trucks l Dump Trucks For Sale l Ford Trucks l Heavy Duty Trucks l Heavy Trucks l Isuju Trucks l Mercedes Trucks l New Trucks l New Ford Trucks l Nissan Trucks l PayDay Loans l Pickup Trucks l Pick Up Trucks l Pick-Up Trucks l RC Monster Trucks l Trucks l Trucks For Sale l Used Trucks l Volvo Trucks l 4x4 Trucks l BMW l Ferrari l Honda l Mercedes l Nissan l Porsche l Toyota l VW
Disclaimer. All articles appearing on this website are offered as opinion only. The publishers do not accept responsibility on consequences of actions taken based on the content of any of the pages of this website. allaboutautosandtrucks.com is in no way responsible for linked advertisers products or behaviours.
Copyright © 2006 allaboutautosandtrucks.com