Car Insurance Comparison

Some Practical Advice on How to Save Money On Insurance

Posted on 05. Apr, 2010 by admin in Finance

Store around.Prices vary from company to company and be worth a spin. Get at least three quotes. You can contact the company directly or access information online. The state insurance department may also provide comparisons of prices charged by major insurers. Get quotes from different insurance companies. Some sell through their own agents. These agencies have the same name as the insurance company. Some sell through independent agents who offer policies from several insurance companies. Others do not use agents. They sell direct to consumers by phone or Internet. But do not buy by price. You want a company that answers your questions and handles claims fairly and efficiently. Ask friends and relatives for their recommendations. Select an agent or company representative that takes the time to answer your questions. Remember, you will face this if you have an accident or other emergency.Before you buy a car, compare insurance costs.Before you buy a new car or second hand, check into insurance costs. Your premium is based partly on the listed price of the car, the cost of repair, its safety record in general, and the likelihood of theft. Many insurers offer discounts for features that reduce the risk of damage or theft. These include air bags, antilock brakes, daytime running lights and anti-theft device. Some states require that insurers offer discounts for vehicles equipped with air bags or antilock brakes.Cars that are favorite targets for thieves cost more to insure. The information can help you decide which car to buy is available from the Insurance Institute for Highway Safety (http://www.iihs.org/). Request More deductibles.Deductibles represent the amount of money you pay before your insurance policy kicks in. By requesting higher deductibles, you can reduce your costs substantially. For example, increasing the deductible from $ 200 to $ 500 could reduce your cost of collision and comprehensive coverage of 15% to 30%. Going to a $ 1,000 deductible can save 40% or more. Remember that the deductible is the amount you pay before the insurance company pays nothing. For example, if the accident costs were $ 3,000 and the deductible is $ 1,000, would pay $ 1,000 and your insurance company pays the balance of 2000. Reduce coverage cars.If use an old clunker, you may want to think twice collision coverage. It may not be profitable to continue to provide cars with a value of less than 10 times the amount you pay for coverage. Any request for payment, you receive does not substantially exceed your premiums minus the deductible. Claims occur on average once every 11 or 12 years. Car dealers and banks can tell you that the value of cars. Or you can check online at Kelley Blue Book http://www.kbb.com. Review your coverage at renewal to ensure that your insurance needs have not changed.Buy your car insurance for owners and insurers insurer.Many will give you a discount if you buy two or more types of insurance with them. Also you can get a discount if you have more than one vehicle insured with the same company. Some insurers reduce premiums for long-term customers. But shop around, you can save money by buying several insurance companies, despite the advantage discount.Take multi-policy discounts for low mileage company discounts.Some to motorists who drive less miles than the average year. Low mileage discounts can also apply to drivers who go to work.Maintain credit.Your good credit rating may affect what you pay for insurance. Credit makes insurance rates more accurate, objective and fair. Although the use of insurance scoring varies from state to the company, a fact that drivers of long, stable credit records have fewer accidents than drivers who do not will not. Most people have good credit history, so people benefit.Seek discounts.Companies pilot higher offer discounts to policyholders who have not been accidents or moving violations in a number of years. You

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