Everyone is looking for ways to lower their bills especially in this economy. Owning a vehicle can be as expensive as owning a home with the high car payments, high cost of fuel, and the high premiums paid for car insurance. Refinancing the vehicle to a lower rate can save on payment costs, buying a car that is better on gas will reduce fuel costs and there are many things that can be done to lower the car insurance cost.
Shopping around is the best way to get lower insurance premiums. You have to contact several insurance companies to obtain quotes before you can determine who will save you the most money. An insurance broker will offer the service for you but you may have to pay a fee. It takes some time to do it yourself but can be worth it in the long run.
The deductible is the mount you are expected t pay out of pocket in the event that there is a claim on your policy. By having a very low deductible your rate is higher and if you increase your deductible you will see the premiums go down.
What type of car you drive will affect your rate as well. Many cars are high risk for theft or accidents and the insurance premiums are much higher. If the cars value is high you will expect it be more to insure it. You also have to know if your car is considered a sports car you will pay more in premium costs.
Your driving record is very important to your premium costs. The insurance company will look at everything from the amount of speeding tickets you have received to the amount of time you have been driving. Any violations major or minor will increase your premium.
Safety and security features found on your vehicle can decrease your rates of the insurance policy. If your car is equipped with dual air bags, safety locks or an anti theft device you could save some serious cash in discounts from the insurance company.
When your policy comes up for renewal do not accept the policy without looking for any changes that could be made or by shopping around. You might find that other companies will offer you a much better rate to switch your insurance to their company.
Any time you can combine insurance policies you will save money. Most insurance companies offer discounts to have more than one policy active with them. So mortgage insurance, renters insurance, boat insurance, anything you have compile them with one company to receive the big savings.
Saving on car insurance can be done in many ways. If you shop around and find out the information needed about your driving record and your car you will be able to make the necessary changes that will save you hundreds.
Shopping around is the best way to get lower insurance premiums. You have to contact several insurance companies to obtain quotes before you can determine who will save you the most money. An insurance broker will offer the service for you but you may have to pay a fee. It takes some time to do it yourself but can be worth it in the long run.
The deductible is the mount you are expected t pay out of pocket in the event that there is a claim on your policy. By having a very low deductible your rate is higher and if you increase your deductible you will see the premiums go down.
What type of car you drive will affect your rate as well. Many cars are high risk for theft or accidents and the insurance premiums are much higher. If the cars value is high you will expect it be more to insure it. You also have to know if your car is considered a sports car you will pay more in premium costs.
Your driving record is very important to your premium costs. The insurance company will look at everything from the amount of speeding tickets you have received to the amount of time you have been driving. Any violations major or minor will increase your premium.
Safety and security features found on your vehicle can decrease your rates of the insurance policy. If your car is equipped with dual air bags, safety locks or an anti theft device you could save some serious cash in discounts from the insurance company.
When your policy comes up for renewal do not accept the policy without looking for any changes that could be made or by shopping around. You might find that other companies will offer you a much better rate to switch your insurance to their company.
Any time you can combine insurance policies you will save money. Most insurance companies offer discounts to have more than one policy active with them. So mortgage insurance, renters insurance, boat insurance, anything you have compile them with one company to receive the big savings.
Saving on car insurance can be done in many ways. If you shop around and find out the information needed about your driving record and your car you will be able to make the necessary changes that will save you hundreds.
About the Author:
Susan Reynolds is the webmaster for a leading South African Insurance Provider who specialises in Car Insurance.
No comments:
Post a Comment