Are you interested in sure-fire steps to enjoy cheap rates for coverage that won't put you in trouble later? Then read through and use these time-tested steps to getting better rates...
1. Policyholders who do NOT make claims for up more than 3 years get a No Claims bonus. Those who understand how to take advantage of this often handle very minor repairs and fixes and so easily become eligible for this discount. Handling little fixes on your own will help you save more as you'll get a big discount.
2. Make sure your car is always parked in a safe place. This means that you have to do all within your power to NOT park your car in a red light district. Furthermore, you might even get discounts with your insurer if you show that you have a good garage.
And, lest I forget, if you drive out in the night do your best to have your car parked in a well-lit area. That will deter thieves.
3. There are useful extras and there are those that do nothing but just inflate your rate. A good example of the later is adding a towing service to your policy. By the way, your credit card might already offer this as a benefit so check.
Overall, you're better off using a third party towing service than placing it on your auto insurance policy.
4. Don't be tempted to enter false details in your attempt to get lower rates. Present details truthfully. One of the factors that has kept rates as high as they are is insurance fraud. It's making everyone pay a lot more.
Furthermore, an insurer has the right to cancel your policy if you give false details. I hope you know that this will invariably make you a higher risk and this means you'll pay more for your next policy. This is partly because of the added cost you'd bear if your policy lapses (which is what would happen if your insurer cancels your policy).
Insurance fraud costs the average family an extra $1,500 in premium dollars each year. You can help reduce this to our collective advantage by being truthful when completing your application form and if you ever have to file a claim.
5. Insurers give give customers who have remained loyal a long term discount and accident forgiveness. Depending on the insurer, you'll be eligible for a discount of 5% once you've stayed with them for between three and five years.
The accident forgiveness discount means that your insurer will not raise your rates if you file just one claim. Insurers offer these as incentives to keep you with them since it serves them better too. The longer you stay, the more you'll save.
Just bear in mind that some people will be better off if they switched to another insurer notwithstanding the many discounts given to long term policy holders.
If your auto insurance rate is $2,500 and you get a 5% discount when you maintain a policy with them for up to 5 years you'll pay $2,500 - (5% of $2,500 or $125) = $2,375.
But we can almost say with some assurance that because of inflation your rate would most likely not stay the same. But if you do regular shopping for auto insurance you will almost always get an insurance carrier within those years of waiting who'll give you a similar coverage at a lower rate. In this regard, it will be pointless to continue because you want to get a discount much later when you can get cheaper rates at the moment.
Furthermore, in nearly all cases, most folks can easily pay cheaper rates than they are presently on auto insurance if they do extensive shopping.. To be sure you are not loosing a better deal, obtain and compare auto insurance quotes not less than five insurance quotes sites..
Author Resource:
Learn more here: Auto Insurance Quote and Car Insurance For Woman . Chimezirim Odimba helps people save on insurance.
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