Four Ways to Low Cost Auto Insurance
Saving on auto insurance isn't a sure thing as some advertisers might have you believe but even so it's almost a sure thing if you just look long enough. That's because there are so many different insurance companies and types of insurance policies.
If you're ready to go price shopping, be sure to get price quotes from more that one company. You need to understand that each company not only has different prices but also different ways of calculating those prices and many different coverage options. Make sure that you are comparing similar coverage from company to company.
Here are four tips for getting the most for your money when it comes to auto insurance.
1. Combine Policies - Often you can get the best deal from the same company that insures you in other areas. Check with your homeowner insurer, for example, or your life insurer (assuming they also offer car insurance). They may have preferred rates for current customers. They may also give you a lower rate because you are a long term customer.
2. Group Policies - Just like group health insurance, you can usually get better rates if you are part of a group automotive plan. That's because insurers are able to average and spread the risk over a group of people who have lower accident rates than the general public. Groups include professional organizations, companies, alumni groups and hobbyists like motor cycle clubs, antique car clubs, etc. Some groups like AAA save millions of dollars a year for their members.
3. Behavioral Discounts - Many insurance companies offer special rates for "good behavior." This might include factors such as a good driving records, and/or low accident rates. Further afield it might also include students with good grades and people that have taken drivers training courses. Every insurance company has a different idea of what constitutes "good behavior" and how that might affect their insurance rates. Be sure to ask what good behavior discounts your company offers.
4. Smaller Insurance Companies - Its not uncommon for smaller insurance companies to give special rates to drivers when compared to the larger companies. This can occur in areas where these companies may be aggressively expanding their customer base, or it may be part of a general plan to insure only certain categories of lower risk drivers.
Comparing your current insurance rates with what other companies have to offer often pays big dividends. It may even be a good idea to do a price comparison every year or two since companies, markets, and economic conditions change rapidly from year to year.
Because the insurance industry is so competitive, it is usually not too hard to find a company that's willing to give you a better deal than the one you have. - 23211
If you're ready to go price shopping, be sure to get price quotes from more that one company. You need to understand that each company not only has different prices but also different ways of calculating those prices and many different coverage options. Make sure that you are comparing similar coverage from company to company.
Here are four tips for getting the most for your money when it comes to auto insurance.
1. Combine Policies - Often you can get the best deal from the same company that insures you in other areas. Check with your homeowner insurer, for example, or your life insurer (assuming they also offer car insurance). They may have preferred rates for current customers. They may also give you a lower rate because you are a long term customer.
2. Group Policies - Just like group health insurance, you can usually get better rates if you are part of a group automotive plan. That's because insurers are able to average and spread the risk over a group of people who have lower accident rates than the general public. Groups include professional organizations, companies, alumni groups and hobbyists like motor cycle clubs, antique car clubs, etc. Some groups like AAA save millions of dollars a year for their members.
3. Behavioral Discounts - Many insurance companies offer special rates for "good behavior." This might include factors such as a good driving records, and/or low accident rates. Further afield it might also include students with good grades and people that have taken drivers training courses. Every insurance company has a different idea of what constitutes "good behavior" and how that might affect their insurance rates. Be sure to ask what good behavior discounts your company offers.
4. Smaller Insurance Companies - Its not uncommon for smaller insurance companies to give special rates to drivers when compared to the larger companies. This can occur in areas where these companies may be aggressively expanding their customer base, or it may be part of a general plan to insure only certain categories of lower risk drivers.
Comparing your current insurance rates with what other companies have to offer often pays big dividends. It may even be a good idea to do a price comparison every year or two since companies, markets, and economic conditions change rapidly from year to year.
Because the insurance industry is so competitive, it is usually not too hard to find a company that's willing to give you a better deal than the one you have. - 23211
About the Author:
Bill Brankar is passionate about helping people save money especially with insurance and money instruments. At his new site - general-autoinsurance.org you can learn more about auto insurance comparison.
posted by X - Men @ 3:34 AM
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