There are a number of ways to cheaper but sufficient automobile insurance cover. But at the same time, some options people employ in order to cut cost actually make them get less than sufficient coverage. However, in this article, I'll take you through a few time-tested ways of paying less while you have adequate coverage....
1. You can get a sizeable discount if your child doesn't drive the vehicle for a considerable length of time because he/she is away at school. If your child is is away at school then you should discuss with your insurance agent about the possibility of getting this discount. Just note that not all insurers offer this discount.
2. There are vehicles that cost a lot more to give adequate auto insurance coverage. It will do you a world of good if you discuss with your agent before buying your next vehicle. Two factors that will make you pay more for auto insurance are a car's crash rating and theft rate.
Another thing to take into consideration is the cost of maintaining a car as it is as well a factor that affects your auto insurance premium. With such diligence you can avoid buying a car that will cost you thousands in higher premiums over time.
3. You will attract cheaper rates if you choose to pay your premiums annually and not monthly. True, monthly payments might be convenient but they are also much more expensive.
If you do transactions with banks you will agree with me that each check you process is regarded as transaction which attracts a certain charge. In a year, your monthly checks would be processed differently because they are all separate transactions. This implies that transaction charges would be 12 times more for those who pay monthly.
That's one side of it: Insurers also incur higher administrative costs for your monthly premiums. A good example of such is the expense associated with sending out payment notices..
These costs plus a profit margin for this this "value-added service" is added to your premium making it more than the same profile that pays yearly every year.
4. You'll get lower vehicle insurance rates if you make your payments by Electronic Funds Transfer (EFT). This just means your insurer takes your premiums automatically from your account each month without sending you payment notices. This removes administrative costs like those involved in sending payment notices. Your rate is therefore reduced in line with the lower cost of giving you insurance.
5. You will save much if you really have between 25-30 minutes. Visit, get and compare auto insurance quotes from various insurance quotes sites. The lowest offer should be what you go for easily.
However, you have to look beyond just the lowest price to the best price to value ratio. The lowest priced may not offer the best price/value for you as an individual. - 29952
1. You can get a sizeable discount if your child doesn't drive the vehicle for a considerable length of time because he/she is away at school. If your child is is away at school then you should discuss with your insurance agent about the possibility of getting this discount. Just note that not all insurers offer this discount.
2. There are vehicles that cost a lot more to give adequate auto insurance coverage. It will do you a world of good if you discuss with your agent before buying your next vehicle. Two factors that will make you pay more for auto insurance are a car's crash rating and theft rate.
Another thing to take into consideration is the cost of maintaining a car as it is as well a factor that affects your auto insurance premium. With such diligence you can avoid buying a car that will cost you thousands in higher premiums over time.
3. You will attract cheaper rates if you choose to pay your premiums annually and not monthly. True, monthly payments might be convenient but they are also much more expensive.
If you do transactions with banks you will agree with me that each check you process is regarded as transaction which attracts a certain charge. In a year, your monthly checks would be processed differently because they are all separate transactions. This implies that transaction charges would be 12 times more for those who pay monthly.
That's one side of it: Insurers also incur higher administrative costs for your monthly premiums. A good example of such is the expense associated with sending out payment notices..
These costs plus a profit margin for this this "value-added service" is added to your premium making it more than the same profile that pays yearly every year.
4. You'll get lower vehicle insurance rates if you make your payments by Electronic Funds Transfer (EFT). This just means your insurer takes your premiums automatically from your account each month without sending you payment notices. This removes administrative costs like those involved in sending payment notices. Your rate is therefore reduced in line with the lower cost of giving you insurance.
5. You will save much if you really have between 25-30 minutes. Visit, get and compare auto insurance quotes from various insurance quotes sites. The lowest offer should be what you go for easily.
However, you have to look beyond just the lowest price to the best price to value ratio. The lowest priced may not offer the best price/value for you as an individual. - 29952
About the Author:
Get more tips here: Cheep Car Insurance and California Car Insurance Quote. Chimezirim Odimba is a financial expert.
