The Right Saving Guide For Your Insurance Need!!
We all need it. We all have it. And we all hate paying a lot for it.
Here at CheapAutosInsurance.com we are devoted to helping you find the cheapest insurance that will meet your needs – not cheap in terms of low quality, but rather easy on your budget – and we aggregate information from hundreds of insurance companies to help you help you compare quotes and pick the most affordable one. It does, however, help to be proactive and take matters into your own hands, so let’s have a look at what you can do to lower your insurance costs.
You should start off by doing your best to keep a spotless driving record, because the No-Claims Discount (NCD) can go all the way up to more than 50% of the value of a policy. Then, you should make sure that you drive a car that is inherently cheaper than average to insure – sedans, hatchbacks or even some crossovers come with lower premiums than the zippy little sports car of your dreams.
There are many other little tricks you can use to lower your out of pocket car insurance expenses. Here are a few:
Get Anti-Theft Devices:
While most new cars come with some sort of theft protection, not all do. If you’re buying a new car, make sure you add a Lo Jack, an alarm, or an engine immobilizer to your security package. If your current car does not have an anti-theft device, a tracking system, an alarm, or a “kill switch” for the engine, you can still have them added, and some of these gadgets will cost less than a hundred dollars.
Get Yearly Policies:
Six months is the most common term for an auto insurance policy. However, if you pay for a year in advance, it will be 10 to 20 percent cheaper. Even though this puts a bit of a strain on your budget, do your best to do it, because it comes with a “hidden” perk that the insurer isn’t likely to tell you about: the companies bind themselves not to raise your charges until you renew your policy, so if you file a claim while being, let’s say, one month into your one-year policy, it will be another 11 months before you get a surcharge.
Join the Group:
You may be eligible for a group discount if you work for a major corporation, belong to a trade union, have a membership with a certain auto club or simply hold credit card issued by a certain bank. While group discounts may not be large (3 to 5 percent at most), they are generally applied in tandem with other discounts, for a bigger benefit to you.
Say Yes to EFT:
Electronic Funds Transfer isn’t just a fast and secure way to get your check to the insurance company on time, but rather a way to save money. Many insurance companies charge a nominal fee for all checks you mail in, while electronic payments are free or cost significantly less, especially if you put your payments on an automatic plan. While you’re at it, remember that insurance companies also charge you if you opt to receive statements by snail mail, so make sure you ask to receive them electronically. The savings aren’t huge – only in the range of $10 per month – but let’s put it like this: in a year’s time, you will have saved roughly $120. You can use this money, say, to pay for a month’s cable bill, or to take your significant other out to a restaurant.
Watch Your Mileage:
If you don’t drive a lot – say, only commute a few to work and maybe drive to the grocery store once a week – then you should keep a close eye on your annual mileage. Most insurance companies will offer you a discount if you drive less than 15,000 miles a year. This discount is even more generous if you drive less than 5,000 miles a year – if your work place or school is a few miles away from home and drive, on average, less than 400 miles a month, then you should really look into this.
With Two It’s Better:
Two isn’t a crowd when it comes to insurance. Having your auto coverage, life insurance and homeowners’/rental policy with the same company can save you quite a bit of money. Likewise, if you have more than one car in your household, list all of them on the same policy. The multi-car discount could outweigh the loyalty rebate that you have on one single car, so it might pay up to drop an existing policy you have had for more years and cover all your cars with the same provider.
If you have done your homework and decided that your current insurance provider offers the best rates, then don’t wait until your policy is about to expire to renew it. If you do it two or more months before the policy is due, then you can be eligible for a discount in the range of 10%.
Join Defensive Driving Classes:
If you pass a defensive driving course, you will not only learn how to be a better driver, but also your insurance company will reward you with some money off the regular policy rate. Contact your insurance agent for a list of accredited courses you can enroll in, or look them up on your state’s DMV website.
As you can see, insuring your car for less money doesn’t mean settling for less coverage or going with a substandard insurance company – it simply boils down to being smart about the way you choose your insurance provider. And here is one final tip for getting as low a premium as possible: comparison shop. CheapAutosInsurance.com can help you find quotes from all major companies on today’s market, so that you can compare their pricing and policies before you commit to anything.