Auto insurance
rates are rising all of the time, much to the displeasure of motorists
everywhere. If you are one of the many people who are concerned about having to
pay more and more money out to your insurance company to insure your motor
vehicle then you need to look for effective ways to either reduce the money you
spend or minimize the increases to your policy. Here we look at four ways to
make your auto insurance experience not quite so stressful on your psyche and
your bank account!
One: Insure more than one car and/or more than vehicle
at once.
Insuring a
single car can end up costing you more money at a given insurance company than
can insuring more than one vehicle that you own at once. The same can be said
for insuring drivers. In this instance the more the merrier! The reason for
this is because most insurance providers will offer their customers a bulk rate
to encourage more business to come their way.
To find out if
you qualify for a deal or discount such as this ask your insurance company or
the agent you deal with to find out if you qualify. From there you can obtain a
quote and can decide if it is worthwhile for you. In most instances multiple
drivers on a policy must reside at the same address and must either be related
by marriage or be blood relatives. However there are exceptions to this rule.
Two: Remain as squeaky clean as possible.
A clean driving
record with as few moving violations, speeding tickets or accidents as possible
will work in your favor. The more of these issues that you have on your record
the higher will your annual premiums be. Everyone who drives has points on
their record. Your points go up with every moving violation you encounter. In
most cases the more points you have the more you will have to pay on your
annual premiums.
Three: Sign up for a defensive driving course.
There are plenty
of insurance companies that look favorably upon those drivers that take the
time to take an approved (in other words, accredited) defensive driving course.
This can help to bring down your rates because it renders you less of a risk
when you get in your car. As well there are cases in which such a course (or
also an accident prevention course) can serve to reduce the number of points
that have built up on the individual’s license.
Find out whether
your insurance provider offers deal or discounts for such a course before you
sign up for it. While this type of course is always good in terms of your
driving education if it does not translate to savings on your insurance policy
then it may not be worth it to you.
Four: Browse and shop until you drop!
Just as you
browse and shop for a new pair or shoes or a new television the same should be
said for an auto insurance plan. If you have renewed your insurance policy and
now the annual premium has gone up drastically then it is time for you to start
shopping around. Obtain quotes from some other companies. Healthy competition
amongst auto insurers is a good thing. But bear in mind that the cheapest quote
from a company does not mean that you should automatically switch your car
insurance over to them. Consider the credit worthiness of the insurance
provider as well before making a final decision.
Image(s): FreeDigitalPhotos.net
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