If you must get big discounts, then you must NOT fail to do certain things. I'll show you a good number of them in this article...
1. It will cost you a lot more to buy insurance for a car if it has a poor safety rating. Safety ratings should get more consideration when shopping for a new vehicle. They will qualify you for a Safe Car Discount. Your agent can help you with a list of safety systems that will get you a discount with your insurer.
Affordable Auto Insurance
2. It's a known fact that young drivers attract high rates. Even in this age bracket, a 23-year old driver will pay much less than a 17 year old all other things being equal.
Therefore, as much as possible, do not place such a driver on your own policy. It will drive it up by a huge margin. You can discuss with your agent about signing an exclusion form so that your teen driver can have his/her own auto policy.
If a teen is keen on driving then then should be made responsible for at least the cost of their auto insurance. This act will save you more than money as your teen driver will happily listen when suggestions are made on things that will bring down the high rates they pay. This by extension means that such a teen driver will be more responsible behind wheels since they bear the full cost of their actions.
3. If you are an employee of a large company you should be entitled to a group discount. If you've not checked, do. Insurance companies give large organizations big discounts in the hope of wooing members of that organization. This would save them by reducing what it cost them to get new customers.
4. Although most people will question the wisdom behind this, your credit rating is used to decide whether you're a good a bad risk. Insurers who use it as one of the factors that determine what a person pays say that there is a relationship between the two. They maintain that experience and statistics show that a poor credit rating means irresponsibility which also plays out behind wheels.
5. A straightforward but rewarding way of bringing down your rate is by authorizing an EFT (Electronic Funds Transfer). This simply means your insurance provider withdraws your premiums automatically from your account at specified periods without sending you payment notices. This saves an insurer's overhead by eliminating the need for payment notices or checks. This is why this results in more affordable premium.
1. It will cost you a lot more to buy insurance for a car if it has a poor safety rating. Safety ratings should get more consideration when shopping for a new vehicle. They will qualify you for a Safe Car Discount. Your agent can help you with a list of safety systems that will get you a discount with your insurer.
Affordable Auto Insurance
2. It's a known fact that young drivers attract high rates. Even in this age bracket, a 23-year old driver will pay much less than a 17 year old all other things being equal.
Therefore, as much as possible, do not place such a driver on your own policy. It will drive it up by a huge margin. You can discuss with your agent about signing an exclusion form so that your teen driver can have his/her own auto policy.
If a teen is keen on driving then then should be made responsible for at least the cost of their auto insurance. This act will save you more than money as your teen driver will happily listen when suggestions are made on things that will bring down the high rates they pay. This by extension means that such a teen driver will be more responsible behind wheels since they bear the full cost of their actions.
3. If you are an employee of a large company you should be entitled to a group discount. If you've not checked, do. Insurance companies give large organizations big discounts in the hope of wooing members of that organization. This would save them by reducing what it cost them to get new customers.
4. Although most people will question the wisdom behind this, your credit rating is used to decide whether you're a good a bad risk. Insurers who use it as one of the factors that determine what a person pays say that there is a relationship between the two. They maintain that experience and statistics show that a poor credit rating means irresponsibility which also plays out behind wheels.
5. A straightforward but rewarding way of bringing down your rate is by authorizing an EFT (Electronic Funds Transfer). This simply means your insurance provider withdraws your premiums automatically from your account at specified periods without sending you payment notices. This saves an insurer's overhead by eliminating the need for payment notices or checks. This is why this results in more affordable premium.
About the Author:
Get more tips here: Auto Insurance Quotes and Budget Car Insurance. Chimezirim Odimba is a financial expert.
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