CAR INSURANCE RATES – 5 TOP TIPS TO HELP YOU SAVE

Car insurance rates are at an all time high, and complaints are being reported nationwide. People who own cheaper cars, or automobiles with low payments, complain that the cost to insure their automobile is more than their automobile payments. This is understandable, as the average policy is several hundred dollars a year! There are several factors that can affect ones rate, such as driving record and age. If insurance companies base their rates on these factors, are consumers able to manipulate them and take prices into their own hands? Fortunately there are many small changes you can make that can have a massive impact on your automobile insurance rate.

Depending on your background or location, some tips might not apply to you.

1. Keep Your Driving Record Squeaky Clean.

This can have a very massive impact as to whether your insurance rates are sky high, or competitively low. Most insurance companies look at the last 2 years of your record. They look at accidents, speeding tickets, moving violations, DUI’s, etc. Keep your record clean and you’re sure to keep your premiums low.

2. Maintain a Good Credit Rating.

Mortgage companies and credit unions aren’t the only companies looking at your credit history. Automobile insurance companies pay close attention to your credit rating. They use this rating to determine your risk level. People who pay their mortgage payments and credit cards on time are less likely to get into an accident. It’s all in the statistics!

3. Select Your Automobile Wisely.

Car insurance companies do not like Lamborghini’s and Ferraris. And they prove it by raising the rate on their owners. Any automobile that is considered sporty, luxury, or any general high octane automobile will get their premiums raised. As fun as these automobiles can be, they can really injured your wallet in the insurance department. The size of an engine is not the only thing your insurance company looks at. They look at safety features, age of the car, and the general overall value. If you drive an unsafe car, you’re going to feel it in your rates.

4. Use Multi Car, or Home Policies.

Many companies will offer a great discount when you provide coverage to all of your cars, and even your home. Check with your agent to see what kind of discounts and packages they offer in this department. You will be pleasantly surprised at the amount of dollars you can save in the long run.

5. Shop Around!

Not all companies are created equally. Each and each company uses its own algorithm and calculations to determine your overall risk level and price point. Many companies offer free on the web quotes that make it simple to compare each company side by side. Take advantage of this technology, you might find yourself saving hundreds of dollars yearly with the right company!

Related posts:

1. CHEAP CAR INSURANCE RATE – SECRETS REVEALED!
2. CAR INSURANCE – HOW TO COMPARE RATES FROM MULTIPLE COMPANIES INSTANTLY
3. MAKE SURE THAT YOUR CAR INSURANCE COMPANY GETS HONORED