Auto Insurance Rates -- Tips For Massive Savings

Contrary to what you might have thought, it's quite easy to get a lower rate. You just need the right information and the discipline to practice what you'll learn to get a more affordable rate. Let's get into the tips you need to enjoy cheaper rates...

1. Keep an excellent credit rating. Having a bad credit rating is simply making it hard for yourself apart from the fact that your rates will be much higher. There are many reasons for this but this one ranks high among them: If you have a poor credit history then it could only mean you've defaulted in payments at some points. For some insurers it shows a pattern they believe you might repeat with them in premium defaults. This perception of increased risk makes such persons attract higher rates in car insurance and other insurance policies.

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2. A multi-policy discount is a proven option to lower your total insurance cost. This definitely implies you should try to get your auto insurance policy from the same carrier that underwrites your home owners, medical or other insurance policies.

However, I must stress that you might not save as much as you might by switching. It is advised that you do comparison shopping. When you're done, you'll not be guessing as you choose which to do because know definitely which brings bigger savings.

3. You're certainly spending more than necessary if you've got collision and comprehensive coverage types for an old vehicle that isn't a classic. The reason for this is that insurance carriers base the reimbursement they make on what is known as the Kelly Blue Book value of a vehicle when you file claims. This shows that without considering how much you spen on premiums and the length of time you did, you may get NOT even a cent if that book shows the vehicle is not worth anything by the time you make a claim.

Do the wise thing and remove both from your car insurance policy. Doing this will give you much savings and not put you at risk in any way.

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4. We all know that hardly any other age bracket pays as much for auto insurance as the under-25 age group. If you fall into this age range you can get lower rates if you maintain good grades at school. It's called the good student discount.

The good student discount is for those who get A's or a minimum of B's. For young drivers who meet this eligibility requirement, you can expect discounts of about 5%. It's quite hard to meet reckless under-25 drivers who keep getting excellent grades.

5. There are many theft-deterrent devices such as alarm systems, automatic gas cut-off system and stuff like that. Since they reduce the odds of your vehicle being stolen, they result in a sizeable discount. Thieving rats will think twice before attempting to steal a car with theft-deterrent devices.

6. There are vehicles that cost far more to insure. Therefore, have this on your mind when you are ready to shop for your next car. Two factors that will make you pay more for auto insurance are a vehicle's crash rating and theft rate.

Another thing to take into consideration is the cost of maintaining a car because this is as well a factor that affects your rate. Asking the right questions will make it easy for you to avoid the "wrong" car and attract more affordable rates.

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7. People who reside in crowded cities are more likely to encounter one form of car accident or another if compared to folks who stay in rural areas. If you can stay in a rural area you will get the cheaper rates because the risk of vandalism, crash or theft is really low in such areas. The more densely populated your city of residence is, the more expensive your rates.

8. You can realize savings of hundreds of dollars on your auto insurance policy by getting insurance quotes from quote sites. The best strategy is to visit at least five quotes sites and ensuring that you input the same (correct) details.

I recommend that you visit a minimum of five quotes sites since that will ensure you do not miss out better quotes not carried by the other sites. This offers you a broader basis for doing more thorough comparisons thus increasing your chances of getting more for less.

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