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Friday, June 5, 2009

Lower You're Motor Vehicle Insurance Cost

By Graham McKenzie

You can do several small things in order to lower you insurance premiums. The foremost thing is no doubt searching for the insurance company offering the best deal, but you can also get discounts besides that. Before settling on an agreement, inquire your insurance agent regarding the discounts that are available.

You can easily lower your monthly insurance costs by keeping your deductible high. This is the sum of money that you need to pay when the accident is caused due to your fault. This sum has to be paid once in each accident you face. With a high rate of deductible you may have to shell out more cash at the accident time, but you can get your monthly bills lowered.

Another method to lower your monthly bills is to use the same insurance company. If you get your cars, home, health, and life covered using the same insurance company then you get better discounts. The more plans you opt for from the same company, the more educations you get.

The drivers can get deductions on their car insurance in various simple methods. Always keep your car inside your garage to avoid any robbery. Remember to ensure your car's safety by getting special features like airbags and anti-lock brakes. Many insurance companies offer special discounts for such cars having special features as they lower the damage caused in a car accident.

Defensive-driving training course is devised to make the drivers alert and ready to face situations. It trains you to be alert at the time of the accident so that you can react wisely. This helps in saving your and other people's lives. If you get this training then your insurance bill is lowered by 10%. This course is ideal for young drivers who are more susceptible to getting involved in an accident.

If you have lesser accidents on your driving history, then your monthly premiums will be less too. You must be careful about not letting just anyone drive your car. You must also concentrate and be careful while driving so that you do not get involved in an accident.

People over 55 can apply for an AARP membership and get discounts on their insurance. You can also choose to pay your whole yearly bill in advance and get a discount, but this can only be done if you have enough funds available.

During the assessment of your premiums, the insurance agents take into account factors like your driving history, your car's worth, and your age. Sometimes you just cannot alter these factors, but at times it is possible to change them. Purchase a car which takes less money to get fixed, and it will help you in lowering your premium costs. If your driving history is not that good, then you can get insurance under the name of your spouse if their record is good. The best way to lowering your premiums is to make the insurance company feel that you are not a liability and that they can profit from you. - 23211

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