Cheap Auto Insurance Rate -- Easy But Effective Steps

1. Ensure your car insurance policy is not allowed to lapse no matter what.. Folks who let that befall them attract only more expensive rates for a long time. This happens to many folks when they are switching to another insurance carrier.

A simple way to ensure you do NOT make this costly mistake is to let your old policy keep running until you've confirmed that the new policy is in full force. As simple as this may seem, many people are bearing the pain of higher rates because of just a little negligence.

2. Paying your premium once a year will attract cheaper rates than choosing monthly payments. Yes, monthly payments might be convenient but they are also less affordable.

If you do transactions with banks you'll agree with me that each check you process is regarded as transaction which attracts a certain charge. For twelve checks (that is, your monthly premiums) you will have a total of twelve transactions. This implies that you will pay transaction charges 12 times..

There are also administrative costs to your insurance provider that result just from taking monthly payments. A clear example of such is the expense associated with sending out payment notices..

These and more are then included in your rate thus making it more than if you paid every year.

3. Electronic Funds Transfer (abbreviated as EFT) is a smart way to bring down your automobile insurance premium. This simply means your insurance provider withdraws your premiums automatically from your account at specified periods without mailing you payment notices. This saves the insurance company in many ways including removing the cost of mailing payment notices and the expense of processing checks. Your insurance company gives you part of what they save by reducing your rates.

4. You will save much by visiting at least five quotes sites. If you do this, you'll increase your chances of getting the lowest auto insurance quotes available since five sites will present up to 25 quotes altogether.

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