Car Insurance Comparison Saving Tips
Whenever you’re shopping for car insurance, you know there are certain essential factors influencing your rate that are out of your hands. Such factors include your age, gender and record of prior claims. Despite this, there’s a lot you can do to hit a lower rate, and your choices bear more power than you might think. Here are few tips guaranteed to help you get the best rate possible on your auto insurance.
Car Insurance Comparison
Before you buy a new or used car, check into insurance costs. Car insurance premiums are based in part on the carâ€™s sticker price, the cost to repair it, its overall safety record, and the likeliness of theft. Many insurers offer price reduction for features that reduce the risk of injuries or theft. These include daytime running lights and anti-theft devices.
Deductibles are what you pay before your insurance policy sets in. By requesting higher deductibles, you can lower your costs considerably. For example, increasing your deductible from $200 to $500 could reduce your collision and comprehensive coverage cost by 15 to 30 percent. Going to a $1,000 deductible can save you 40 percent or more. Before choosing a higher deductible, be sure you have enough money set aside to pay it if you have a claim.
Many insurers will give you a break if you buy two or more types of insurance. You may also get a reduction if you have more than one vehicle insured with the same company. Some insurers reduce the rates for long-time customers. But it still makes sense to shop around! You may save money buying from different insurance firm, compared with a multi-policy discount.
Good Credit Record Saves
Building a solid credit history can cut your insurance costs. Insurers are more and more using credit information to price auto insurance policies. To protect your credit standing, pay your bills on time, don’t obtain more credit than you need and keep your credit balances as low as possible. Check your credit record regularly and have any faults corrected promptly so that your record remains accurate.
Safe Drivers Benefit More
Companies offer discounts to policyholders who have not had any accidents or moving violations for a number of years. You may also get a discount if you take a defensive driving course. If there is a young driver on the policy who is a good student, has taken a drivers education course or is at a college out of the area without a car, you may also qualify for a lower rate.
“Company prices are very different, and it pays to browse around. You can easily end up paying double from one company to the next,” says Nick Nicholaidis, PR Manager with the Insurance4LessDirect.
There are a host of independent Web sites, like Insurance4lessdirect.com, that allow you to comparison-shop by offering online price quotes. These sites can be incredibly useful.