1. If you want to keep your rates down, do NOT “pimp your ride.” If you want to impress your friends with those extra special features like bigger types than the manufacturer’s specification, then be prepared to pay a lot more.
2. Staying without making claims will make you eligible a good discount. A number of insurers don’t give this without some coercion.
If your insurance provider is one of those who don’t offer this discount let them know without mincing words that you will move over to another insurer. With this quality of driving history getting a much better rate is really quite easy because policy holders who stay claims free are every insurance company’s dream.
And, believe it or not, your insurance carrier is likely to shift grounds if they discover you’re really serious about changing to another company.
3. Do you know that some folks are paying much more in auto insurance because of where their homes are? 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 check with your agent before you commit to a new home. I know: That isn’t usually an issue when you’re looking for a home but it’s really important.
Remember, you might live in this home for up to 20 years or more. If its location makes you pay up to $200 more in premium, that will add up to $4,000 within that time frame.
4. Car owners who due to their level of knowledge keep either collision or comprehensive coverage types or the two for an old vehicle that’s NOT considered a classic are simply paying much more than should. A vehicle’s Kelly Blue Book value at the time of filing claims (and not the cost of the vehicle when you bought it) is what affects what you’ll get from your insurer. Therefore, you will paid nothing if the book says that your car is worth nothing at the time of a claim.
Do the wise thing and drop both from your car insurance policy. This simple step will save you much and not put you at risk at the same time.
5. Don’t be tempted to enter incorrect information in your bid to get cheaper rates. State personal info truthfully. One of the factors that has kept rates as high as they are is insurance fraud. It’s making everyone pay a lot more.
Furthermore, an insurer has the right to cancel your policy if you give false details. You’ll then lose in a very big way. Your rates are raised by a big margin by your new insurer once your auto insurance policy lapses.
It’s been estimated that insurance fraud adds up to $1,500 to the average family’s insurance premium annually. Help make the world a better place by doing your bit to ensure we don’t have to pay a lot more.
6. Your might be paying a lot more than you should because of some really unnecessary add-ons like towing. Have you checked to see if your credit card doesn’t already offer this as added value?
Even if yours does NOT add this kind of service, a dedicated towing service from a third party will serve you better and save you more than adding towing to your auto insurance policy.
7. Have you checked if your credit card company offers rental car coverage? More often than not, you’ll discover that your credit card provider has already given you this coverage as added value. So it’s a good idea to confirm first before you buy an unnecessary coverage.
To start saving much more go to Auto Insurance Quote and Car Insurance For Woman. Chimezirim Odimba is a financial expert.
