Auto Insurance – Ways to Lower Rates

Auto insurance rates can be quite high depending on multiple factors. If you’re paying more than you should, you may be looking for ways to lower your auto insurance rates.

OnlineAutoInsurance.com can help:

• The first question would be; Are you getting a competitive rate? The best way to find that out would be to obtain auto insurance quotes from various companies so that you may compare and see if your rate is competitive. Instead of contacting each company individually, fill out just one form and get multiple auto insurance quotes by visiting OnlineAutoinsurance.com.
• Have you had any accidents within the last five years? If you have, that can automatically mean you are paying higher rates. Most companies do not charge for accidents older than three years; therefore, if you are being charged for an accident older than three years, you may consider changing to another carrier that will not count them against you. There are three ways to rate an accident. The worst case is if your accident is being charged as your fault with injuries. Second is your fault with no injuries, and third, is the best case, not-at-fault accident. Check with your carrier to see how they are charging for your accident; if they are listing it as injuries when there was none involved, make sure to have that corrected which will lower your rate. Better yet, if it was not your fault, make sure you correct that as well which should lower your rate significantly.
• Buying an auto insurance friendly vehicle will also lead to lower rates. Generally, four door vehicles are a bit cheaper to insure than two door vehicles. Get an auto insurance quote before buying a vehicle to see the rate prior to buying it. You should avoid sporty vehicles or luxury vehicles unless you are ready to pay a higher premium compared to a standard vehicle.
• Auto insurance coverage can be adjusted slightly to significantly lower your rates. The first coverage you should look at is your deductibles. The higher the deductible, the lower the rates. You should check the difference in rates and determine if it is a choice you want to take. The deductibles are what you pay in case of an accident or claim so keep that in mind when you are considering raising the deductibles.
• If your insurance policy has Medical Payments coverage and you also have a health insurance policy, talk to a licensed agent to discuss whether it would be better to remove Medical Payments coverage and let your health insurance policy take care of any medical costs. Make sure you look into the details of your policy to avoid any gaps in coverage. Some coverage may not be necessary if you have Comprehensive and Collision coverage added to your policy. Talk to your agent to discuss possible removal of unnecessary coverage in order to lower your rates.
• If you already had coverage from another carrier and switched to you current carrier, you may have been eligible for a discount. Ask your current carrier if you are receiving a prior insurance discount, also known as persistency discount. It may not be too late to obtain the discount by providing proof of prior insurance.
• If you get marred, be sure to contact your carrier so that you may receive the married rate which is generally lower than that of an unmarried driver.
• If you have more vehicles in your policy than you do drivers, you can usually request that the extra vehicle be listed as a low mileage vehicle. If you do not commute far to work, or are retired, you may also be eligible for a low mileage discount.
• Having low-jack or a homing device on your vehicle can reduce your rates by a few dollars a month. Every dollar counts!
• Ask your carrier what discounts are available and if you are eligible for any. Common discounts are college degree discount, good student discount, mature driver discount and safety course discount.

Our mission at OnlineAutoInsurance.com is to help you find the right insurance company and to assist you with your auto insurance shopping experience. We hope this was helpful and will save you lots of money.

Feel free to stop by OnlineAutoInsurance.com for your free auto insurance quote from multiple companies with one simple process.