Cheap auto insurance: We all will be pleased to get a very affordable rate provided it comes with sufficient coverage. But in what ways can this be achieved? Here are tips that will help you attract huge discounts with ease...
1. You will lower your auto insurance cost if you have an outstanding credit rating. Those who have bad credit pay high premiums for all forms of insurance and that is also true for auto insurance.
The plain reason for this is that there's a general consensus among most insurers that there is a link between poor credit histories and high risks. This perception of increased risk makes such individuals attract higher rates in auto insurance and other insurance policies.
2. Insurers give customers who have remained loyal long term discount and accident forgiveness.
Most insurers will give you a discount of about 5% if you stay with them for up to five years (some will give you once you stay for up to three.
Most insurers will also not raise the rates of a long-standing policy holder if they make only just one claim.
Insurers offer these as incentives to keep you with them since it serves them better too.
But it will only be right for me to also point out that in spite of these incentives, you might actually gain more if you switch to another insurer.
Supposing your auto insurance rate with your current insurer is $2,700 you'll get a discount of about 5 percent or $135 if you stay for at least 3 years.
But we can almost say with some assurance that due to inflation your premium might not stay the same. Within the course of these three years you might get an insurance provider who'll give you a comparable auto insurance coverage or better for less than $2,000.
Then it would be anything but wisdom to stay put because you want to qualify for a discount down the road even if the expected discount is less than savings you'll get immediately if you change to another insurer.
You'll almost always get lower rates if you make out time to do extensive shopping because there are hundreds of insurers out there. Considering that the process of getting and comparing auto insurance quotes requires just minutes, I'll wonder why you will not do that now and get more affordable auto insurance rates immediately.
3. Are you aware of every discount that your insurer offers? Since agents too are not above mistakes they might not remember to tell you about some discounts you are qualified for.
The only way to ensure this is not true in your case is by telling your agent to list out every discount that your preferred insurance carrier offers. You might have a really pleasant surprise!
4. Getting married will bring down your rate by a huge margin.
Insurers have statistical data that show that people are less reckless and much more careful on the road when they get married.
They generally file fewer claims and when they do, they usually cost less.
5. Have you checked if your credit card company offers rental car coverage? More often than not, you'll discover that your credit card provider has already given you this coverage as added value.
Therefore, to ensure you do NOT pay more for unnecessary coverage, check.
6. You will save much by visiting not less than five auto insurance quotes sites. That way, you'll increase your chances of getting the lowest quotes possible since you'll cover many more insurers.
