Term Life Insurance
BUYING CAR INSURANCE
You may not realize it, but the car insurance rates you pay for your auto can vary dramatically depending on the car insurance company you choose, the coverages you request and the kind of vehicle you drive. Listed below are a number of things you can do right now to lower your car insurance costs.COMPARISON SHOP
Prices for the same coverage can vary by hundreds of dollars, so it pays to shop around. You can compare hundreds of car insurance companies' premiums right here on the internet.The car insurance company you select should offer both fair prices and excellent service. Quality service may cost a bit more, but provides added conveniences, so compare a number of insurers to get a feeling for the quality of their service. Check for any special discount programs they might offer to lower your costs. Get at least three or four competitor's price quotes.
ASK FOR HIGHER DEDUCTIBLES
Deductibles represent the amount of money you pay before the insurance company pays for damages. By requesting higher deductibles on collision and comprehensive (which includes fire and theft) coverage, you can lower your costs substantially. For example, increasing your deductible from $200 to $500 could reduce your collision cost by 15% to 30%.DROP COLLISION AND/OR COMPREHENSIVE COVERAGES ON OLDER CARS
It may not be cost-effective to have collision or comprehensive coverages on cars worth less than $1000 because any claim you make would not substantially exceed annual cost and deductible amounts. Consider cheaper Uninsured Motorist coverage in case you're hit by an uninsured driver.Check Car Insurance Rates
ELIMINATE DUPLICATE MEDICAL COVERAGES
If you have adequate health insurance, you may be paying for duplicate medical coverage in your auto policy. In some states, eliminating this coverage could lower your car insurance personal injury protection (PIP) cost by up to 40%.BUY A "LOWER PROFILE" CAR
Before you buy a new or used car, check into car insurance costs. Cars that are expensive to repair, or that are favorite targets for thieves, have much higher car insurance costs.CONSIDER AREA INSURANCE COST IF YOU ARE MAKING A MOVE
Car Insurance costs tend to be lowest in rural communities and highest in metroplolitan areas where there is more traffic and more car accidents.TAKE ADVANTAGE Of LOW MILEAGE DISCOUNTS
If you live close to work, work at home or only drive occasionally, some companies offer discounts to motorists who drive fewer than the annual average number of miles.FIND OUT ABOUT AUTOMATIC SEAT BELT OR AIR BAG DISCOUNTS
You may be able to take advantage of discounts offered on some car insurance policies for automatic seat belts and/or air bags.INQUIRE ABOUT OTHER DISCOUNTS
Some car insurance companies offer discounts for more than one auto, no accidents in three years, drivers over 50 years of age, driver training and/or driver education courses, anti-theft devices, anti-lock brakes, good grades for students, and if you have another insurance policy (such as homeowners or life) with their company.
Car Insurance
Quotes Online
Consumers are now linked directly to hundreds of car insurance companies via the Internet, making the tasks of obtaining car insurance rate quotes faster and easier.
Increasingly, smart shoppers are obtaining car insurance quotes from the insurance company's website, and even applying online to purchase insurance policies.
Comparing car insurance quotes online gives the consumer an easier and faster way to select a policy at the best price, 24 hours a day, 7 days a week.
Car Insurance FYI
- You can save several hundred dollars a year by purchasing car insurance from a low-price insurer. Compare at least four online insurance comapnies of get the lowest rates.
- Consider raising your deductibles on collision and comprehensive coverage to at least $500 or, if you have an old car, dropping this coverage altogether. Raising your current deductible from 200 to 500 dollars can cut your car insurance rates as much as 20 PERCENT! Taking this step can save you up to hundreds of dollars a year.
- If you find a better deal on car insurance than what you're currently paying, make certain that your new policy is in effect before dropping your old.
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