Getting the Best Auto Insurance Deal
August 29, 2009 by amabq · Leave a Comment
Auto insurance is one part of our family finances that we will always have to deal with and so it behooves us to get better informed. We would all love to buy some form of discount car insurance. The reality of that already exists. There are more discounts in car insurance than ever before. Some of the newer vehicles have so many of them that they are often cheaper to insure than some of the older vehicles. Let us make an assessment of some of the discounts available when purchasing car insurance.
Multiple Policy Discount – This is a common one and still there are many people who are yet to take advantage of this discount. This discount can reach a high of 15% with some companies.
Good Driver Discounts – Insurance companies love to reward the driver that has an excellent driving record. These policyholders are profitable and extend help in bringing the over all rates down.
Auto Safety Features Discount – Automobiles with airbags and seatbelts receive lower rates. Anti-lock brakes and anti-theft devices also lower car insurance rates. The vehicle identification number will identify all of these features and so it is important to give that number to whoever is quoting your car insurance.
Young Driver Discounts – Many companies give substantial discounts for high school and college students that have a 3.0 grade point average or better. The drivers training discount has been a standard discount for young drivers. Find a company that has both and you will help lower premium dramatically.
Senior Citizens Discounts – Drivers 55 and older are given retirement discounts if no longer employed. With some companies, homemakers can qualify automatically if they have reached the age of 55. One can also avail of mature driver discounts once a driving course is complete.
Lower Tort Option – There are some states where it is either a lower or limited tort option that they have. This is your ability to sue for pain and suffering. You will have limited ability to sue with a lower tort option but at the same time it can bring down your premium by 20% or more. Get in touch with your agent or insurance company to have a better understanding of the tort laws in your state.
Low Cost Auto Insurance - How To Get the Best Deal Online
April 25, 2009 by amabq · Leave a Comment
In these uncertain economic times, you need to be sure that you are not spending more than you need to on auto insurance because every penny saved these days counts even more than in the past.
Finding low cost auto insurance for yourself is one very smart way you can start to cut costs. And when you start looking online for auto insurance quotes you will quickly find that you can save a lot of money compared to trying to deal with a local insurance agent.
The information on the internet is great for so many things and saving money is one of the best.
It might sound surprising that auto insurance would cost less when you get it on the web but there are a couple of good reasons for that. The biggest reason is that when you get insurance online, the company does not have to pay a commission to the local agent. And you become the beneficiary of those savings because the insurance companies are willing to pass their savings on to you. This is great news.
Most people have had some experience with high pressure insurance agents trying to sell them an over priced policy, its great that now anyone can go online and grab a quote for themselves without all the annoying hassle of trying to deal with a salesman. Most times online, you can just get the insurance quotes emailed to you. This winds up saving you time and money.
There are a few other things you could do to keep your insurance costs down.
- Put together a carpool at work. This can get you a discount and save you time and energy.
- Keep your credit score up. Many auto insurance companies will look at your score and reward you with lower cost premiums if your credit is good.
- Don’t have accidents. If you are already a cautious driver, become even more that way.
- Get more than on online quote. This way you can compare auto insurance quotes and make an informed decision for yourself about how to spend your hard earned money.
- Raise your deductibles. This one step has saved some people as much as 30 percent on their auto insurance bill. Don’t go crazy with this idea, you don’t need a problem. But raising your deductible some can help you save a lot of cash.
It’s hard to go overboard when its time to save money because the economy is so uncertain these days. Take a bit of time to research online and you will be able to find yourself some low cost auto insurance.
Getting Auto Insurance For Your Teen
January 22, 2009 by amabq · Leave a Comment
Your son has just obtained his license and with that a new found sense of freedom and now you are asking how to get cheap auto insurance for your son. It is hoped that this article can be of help in your search for affordable auto insurance for your teen, as the prices for it are varied.
Teens lack driving experience, so insurers consider them a high risk to insure and thus the premiums assigned are much higher than an adult’s insurance rates would be.
If you are trying to reduce the rates that you have to pay for teenager auto insurance there are a few things which can be done. First you need to stress to them how important it is for them to keep a clean driving record. This simply means driving in a safe manner- no traffic violations, no accidents and no speeding tickets. Lower insurance premiums are a timely reward for safe driving. You can also reduce their rates by purchasing insurance with a higher deductible, because the higher the deductible is the lower the premium is.
Purchase a vehicle for your teenager that is built well and has extra safety features. Do not choose a vehicle that has a sports class or higher risk rating class, you must check the class the vehicle falls into.
In some provinces of Canada and in most states of the USA, the graduated licensing laws have come into effect. The rules will vary from one location to another, but the basic underlying philosophy is to restrict new drivers by limiting what their license will allow them to do.
When the new driver’s license is issued, it may be a full auto license such as a class 5, but it will most likely have a letter designation to indicate a new driver. These new drivers have nighttime driving restrictions, vehicle occupant restrictions, and a 0 alcohol tolerance restriction to name just a few. They will also be required to take an additional test after a specific period of time to remove them from the new driver programmer.
If you still want to know how and where to get that cheap auto insurance for your son who is a teenager, thee are some ways to do it. An insurance policy that is available to teen drivers through an agency that specializes in teen insurance is the stand alone policy, which can save the teen driver a substantial amount. A stand alone policy means they are not added as an additional driver on your insurance but rather carry their own insurance.
The risk for insuring teens can be lowered by these insurance companies by placing certain concessions on the driving habits of the insured teen. No driving after dark, the requirement of attending driving school and various other concessions may be have to be made by the teen driver in order for the insurance companies to keep their premiums lower for the teen driver.
Teenage drivers at the age of 16 are 10 times more at risk to be involved in an accident than the adult driver who is from 30 to 59 years of age; this makes it easy to realize why auto insurance companies are more hesitant to offer teen drivers low cost auto insurance rates on their coverage. When you and your teen driver are shopping for auto insurance for them, it would be wise to remind them of this truth.
