Monday, May 18, 2009

Inexpensive Vehicle Insurance -- Tips To Pay Less

By Chimezirim Odimba

Do you have a car you've not driven in months? Do you have a broken car? Is this car still on your auto insurance policy or have you removed it?

The painful reality is that more people than you could imagine are paying higher rates than they should because of such negligence. I hope this is not the case with you.

A good number of insurers will give you a discount if you are part of an auto club. Even if this discount is negligible it's still something.

Make sure you do NOT give false details when you complete your forms. Insurance fraud costs us all.

Furthermore, an insurer has the right to cancel your policy if you give false details.

This could make you lose a lot more than what you thought you would save. Insurers increase your rates by a good margin once you've let your policy lapse or had it cancelled for reasons like this.

Reports have it that the average American family pays about $1,500 extra premium dollars because of insurance fraud. You can help reduce this to our collective advantage by being truthful when completing your application form and if you ever have to file a claim.

You'll get a No Claims bonus or discount if you do not make any claims for about four years. Those who understand how to take advantage of this often handle very minor repairs and fixes and so easily become eligible for this discount. Handling little fixes on your own will help you save more as you'll get a big discount.

Get Your Free Auto Insurance Quotes Now And Save!

Using your parents' auto insurance policy is a different option for you an under twenty five. The fact that you're of driving age means that your parents belong to a better risk age group.

There are two conditions that you must fulfill for this to be possible: The car must be registered in your parents' name and you must live with them. If you don't like the idea of handing the car's ownership to them and other stuff that may come with it, then you will have to forget this option.

And...

You will save much if you can shop around and do thorough comparison. The range of quotes received for a request could be as wide as $1,000 for a given profile. Although this is a good thing, it's crucial that you don't get too excited yet. It's not normally that easy if you want the best price/value.

The lowest quote may not give you the best price/value. Despite the fact that each of the quotes returned will definitely give you the same basic coverage, there may be a number of differences in the details of each insurer's coverage. This makes it important that you find out if there aren't any exclusions you won't like.

Remember to treat these no-obligation quotes just that way. Don't feel obliged to pay unless you've had all your questions answered satisfactorily. You will never get rude surprises down the road if you do this.

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