Premiums for Auto Insurance can be widely different depending on what insurance you get and which insurance company you buy it from, however there are some ways to save money; these are listed below:
Group Insurance
If you own a company or are an employee, or even in some form of legal group or association you can ask insurance companies to give you a group discount if you bring enough business their way. They will usually offer you discounts based on the number of people in the group, how safe those drivers are considered to be and future business through the group.
Low Car usage discount
Most Insurance Companies will offer discounts on their premiums to drivers who don't use their car often, they are usually divided into groups depending on how many miles estimate to drive in a year. This discount can usually be applied to people who car pool as well.
Get a new car with better safety features
If you have a car that is older than 10 years you should really upgrading to a new model as this will end us saving you quite a bit of money on the premiums. If your vehicle is worth less that 8 times the premium you should consider buying a newer car as it ends up being not worth it in the long run.
Check on the Internet and shop around!
Best way to get the cheapest insurance is too shop around and be a savvy consumer, get as many quote prices as you can and compare. With the advent of the internet this is now so easy, quick and convenient. Make sure however that you choose a reputable company that has been in business for more than 10 years and is financially doing well, you can check this information on the internet as well as their are many ratings websites out there that can help you with this. You can also go through registered agents as they will have quick access and have seen your type of business before, however they do receive a commission to sell this insurance so take everything they say with a bit of salt.
Set the amount of money you pay when you have an accident higher
If you are a safe driver and do not have accidents often or at all you should request your "deductible" to be higher, this will reduce your monthly/yearly insurance cost. Your deductible is the money you pay when you have an accident and after that the insurance company will pay. Be careful though because if you have a accident that costs under your deductible you will end up paying it. You can save up to half on your premiums by doing this but you will be probably looking at a deductible of $1500.
Have and keep a good credit history
When you buy insurance you will be paying money monthly and insurance want to make sure they get that money each month, thats why they will offer discounts to people who have the most chance of paying. Statistics also show that people that have better credit ratings will not have as many accidents! if you can believe it. In order to get a good credit rating and keep it, pay your bills each month and on time and keep the amount of money you borrow as small as possible.
Group Insurance
If you own a company or are an employee, or even in some form of legal group or association you can ask insurance companies to give you a group discount if you bring enough business their way. They will usually offer you discounts based on the number of people in the group, how safe those drivers are considered to be and future business through the group.
Low Car usage discount
Most Insurance Companies will offer discounts on their premiums to drivers who don't use their car often, they are usually divided into groups depending on how many miles estimate to drive in a year. This discount can usually be applied to people who car pool as well.
Get a new car with better safety features
If you have a car that is older than 10 years you should really upgrading to a new model as this will end us saving you quite a bit of money on the premiums. If your vehicle is worth less that 8 times the premium you should consider buying a newer car as it ends up being not worth it in the long run.
Check on the Internet and shop around!
Best way to get the cheapest insurance is too shop around and be a savvy consumer, get as many quote prices as you can and compare. With the advent of the internet this is now so easy, quick and convenient. Make sure however that you choose a reputable company that has been in business for more than 10 years and is financially doing well, you can check this information on the internet as well as their are many ratings websites out there that can help you with this. You can also go through registered agents as they will have quick access and have seen your type of business before, however they do receive a commission to sell this insurance so take everything they say with a bit of salt.
Set the amount of money you pay when you have an accident higher
If you are a safe driver and do not have accidents often or at all you should request your "deductible" to be higher, this will reduce your monthly/yearly insurance cost. Your deductible is the money you pay when you have an accident and after that the insurance company will pay. Be careful though because if you have a accident that costs under your deductible you will end up paying it. You can save up to half on your premiums by doing this but you will be probably looking at a deductible of $1500.
Have and keep a good credit history
When you buy insurance you will be paying money monthly and insurance want to make sure they get that money each month, thats why they will offer discounts to people who have the most chance of paying. Statistics also show that people that have better credit ratings will not have as many accidents! if you can believe it. In order to get a good credit rating and keep it, pay your bills each month and on time and keep the amount of money you borrow as small as possible.
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