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Below,
you'll find extensive information on low car insurance and products to help you on your way to success.
8 Ways to Get Low Cost Auto Insurance
According to the
Insurance Institute, more than 96% of Americans overpay for their car
insurance.
Following
these tips will enable you to get the cheapest auto insurance rates:
1.
Raise your deductible.
A
higher deductible on collision and comprehensive coverage can lower
your auto insurance rates. For example, increasing your deductible from
$200 to $500 could cut your collision cost by as much as 30%. Since the
average annual premium is $687, this can save you $206 per year.
2.
Drop collision and/or comprehensive coverage on older cars.
If
your car is declared a total loss, you will receive the cash value. If
your car is 5 years old or older, it may make sense to cancel the
collision and/or comprehensive portion of your policy and bank the
savings.
3.
Avoid duplicate medical coverage.
If
you have adequate health insurance, you may be paying for duplicate
medical coverage in your auto insurance rates. In some states,
eliminating personal injury protection (PIP) can lower your premium by
up to 40%.
4.
Drive a "Low-Profile" car.
The
auto insurance rates are much higher for cars that are expensive to
repair, or are favorite targets for thieves. Before buying a car,
determine the auto insurance rates.
5.
Drive less.
Some
auto insurance companies offer cheap auto insurance quotes to motorists
who drive less than a predetermined number of miles a year. Consider
using public transportation, a carpool or vanpool to commute to work.
6.
Ask for a multi-policy discount.
Some
insurance companies give a discount if you have your homeowner policy
with them also.
7.
Ask for a discount based on your credit score.
Some
auto insurance companies use the credit score to establish premiums. If
you have a high credit score, ask for a discount.
8.
Compare auto insurance rates.
When
shopping for the cheapest auto insurance, you will find that prices for
the same coverage can vary by hundreds of dollars. So, it pays to
compare auto insurance rates.
Get
free auto insurance quotes at http://www.howtocutyourexpenses.com
With
over 20 years of experience as a personal financial educator and
counselor, Vernon Williams has developed in depth knowledge of what it
takes to achieve financial success. Today, he is a sought after trainer
and speaker by organizations from both the public and private sector.
He is the author of 425 Ways to Stretch Your $$$$ and 3 Rules that
Guarantee Financial Success. Visit Vernon at http://www.howtocutyourexpenses.com
A
Special thank you to
those who have contributed articles to our low car insurance website.
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