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Saturday, August 22, 2009

Inexpensive Auto Insurance

By Matt Katz

If you want to get inexpensive car insurance, you have many ways of lowering your premium

The best thing you can do for yourself, in terms of saving money on car insurance, is by shopping around. The more companies you ask for a quote, the better chance that you'll stumble upon a company with a really good rate.

If you are still in search of a car to buy, be it new or used, find out what premiums it will have after you purchase it. Your premiums will be lower if the auto you buy isn't too expensive, has a good amount of safety features, and has decent crash test score.

You can save a ton of money on your auto insurance premium by increasing your deductible, which is the amount of cash that you pay before the insurance provider steps in and pays the rest. When increasing your deductible, don't increase it by too much or your car insurance isn't really insurance anymore.

Consider buying a longer policy. Rather than opting for the 6 month term, try to get the policy that is one year long. When buying the longer car insurance, you are essentially buying wholesale.

If you're insuring an old car that has little market value, you should remove collision and comprehensive coverage that your may have on it. The cost to insure the car may be worth more than the car itself.

If you use only the internet for your car insurance shopping, you may be missing out on a lot of discounts. If you speak to an insurer directly, the representative or agent will see if you qualify for any discounts,which you haven't even considered.

You may get a discount if you insure your auto with the same company you get homeowners or renters coverage from. You should still explore options from other auto insurers as the house/car insurance discount may be nothing compared to the other alternatives.

Drive slow and safe. Your auto insurance premium will go up with every accident and/or traffic violation that you get. - 23211

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