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Tuesday, September 15, 2009

Vehicle Insurance -- Tips For Remarkable Discounts

By Chimezirim Odimba

There are many ways to cheaper but sufficient automobile insurance cover. But at the same time, a number of methods folks employ in order to reduce cost generally make them get less than sufficient coverage. But in this article, I'll show you a few time-tested tips for paying less while you have sufficient coverage....

1. Does a child on your policy not drive the vehicle for a considerable period? Then you deserve a discount for this. Don't miss this if your child is in college. But bear in mind that some insurance companies don't give this discount.

2. There are cars that cost a lot more to give adequate auto insurance coverage. Therefore, as you check out the exceptional specs of the vehicle you intend to buy, take some time to ask if it costs too much to insure. Avoid any car that has a high theft rate and/or a bad crash rating.

Furthermore, it will also take much more to insure a car that costs a lot to fix or maintain. Asking the right questions will make it easy for you to avoid expensive-to-insure cars and attract cheaper rates.

3. If you elect to pay your premiums monthly, you will attract higher rates. Notwithstanding the fact that this alternative is often less stressful, it is more expensive for some reasons..

If you do transactions with banks you will agree with me that each check you process is regarded as transaction which attracts charges. While a yearly payment requires just one check and therefore one transaction for a year, monthly payments attrract twelve. This means that you will pay transaction charges 12 times..

Besides there are also administrative costs that are incurred due to the monthly payment option. For example, it costs some money to send payment notices each and every month.

All such costs to your insurer is ultimately borne by you (that's apart from their own markup for providing such a "convenient" alternative).

4. Electronic Funds Transfer (abbreviated as EFT) is an easy way to lower your automobile insurance premium. This authorizes your insurance provider to automatically withdraw your premiums from your account at specified intervals. This saves your insurer in many ways including removing the cost of mailing payment notices and the expense of processing checks. This is why this gets you lower premium.

5. Visit at least five quotes sites. Visiting at least five quotes sites increase the chances that you would get more affordable auto insurance quotes. This is because insurance companies not covered by one site will be represented by the other.

And, you know that since the likelihood of receiving lower auto insurance quotes has to do with the number of quotes you receive, the more insurers you receive quotes from, the brighter your chances will be.

Getting your auto insurance quotes online will help you save a bundle if you invest just 25 minutes to ask for quotes from at least 5 insurance quotes sites. - 23211

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