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Cheap auto and car insurance quotes – Save on rates with companies like Allstate, State farm, Geico, Progressive, and liberty mutual
Cheap auto and car insurance quotes – Save on rates with companies like Allstate, State farm, Geico, Progressive, and liberty mutual
Right now is a great time to save on auto insurance. By simply making a few phone calls to insurance companies such as Allstate, State farm, Geico, progressive, and liberty mutual, you can literally save hundreds of dollars on your car insurance.
Are you ready to make the switch? The reason why so many people are unwilling to leaving their insurance company is because they have been with them for so long. With companies like Allstate, they will do the dirty work for you by contacting your old insurance company. A recent survey showed that one of the main reasons why people do not switch their insurance is because they do not want to confront their current insurer and the process is too difficult.
When shopping for car insurance, be sure to shop around. Speak with several car insurance companies
and compare similar car insurance policies
. You will want to compare premiums, deductibles and coverage. When it comes to coverage, you will have to look at bodily injury per person and per incident and property damage. When it comes to deductibles, you will generally pay less per month with a higher deductible.
Author: Mike Smitt
Source: www.healthyfinancialhabits.com
10 Tips: Ways to save on car insurance
10 Tips: Ways to save on car insurance
Like many people, you may have established the nitty-gritty details of your auto insurance policy years ago. If you were to be given a pop quiz about, say, the amount of your deductible or the particulars of your collision coverage, would you pass it? If you’re not sure, it may be high time to refresh your memory about your policy. Devoting about an hour or so to such a review could save you money in the long term.
1Your credit score is important. Insurers care about your bill-paying history, and most will review your credit report. If anything looks dicey, you almost certainly will pay more on premiums. To review your credit report for any errors, or to get a glimpse of what insurers will see, order free annual reports from the three major credit bureaus (Equifax, Experian and TransUnion) by visiting AnnualCreditReport.com or calling toll-free 1-877-322-8228. Hold off on buying auto insurance for a month or so if you have any unusual credit activity pending.
2Ask for higher deductibles. The deductible is the money you have to pay before your insurance policy comes to the rescue. By bumping your deductible up from $200 to $500, you could lower the cost of your collision and comprehensive coverage by 15 to 30 percent. By increasing it to $1,000, you could decrease that cost by at least 40 percent.
3Don’t pay for coverage that won’t help. If you have an older car or a car with low market value, consider dropping collision and/or comprehensive coverage. These cover the vehicle’s replacement value and they can total 40 percent of your premium. They often are not worth it for older cars because any claim payment you’d get likely wouldn’t exceed the cost of your insurance premiums and deductible. To check your car’s value, visit Kelley Blue Book (www.kbb.com) and Edmunds.com (www.edmunds.com).
4Opt for a low-profile car. It costs more to insure a vehicle that’s popular with thieves, expensive to repair or doesn’t have a great safety record. For vehicles’ risk levels, visit this section of the Insurance Institute for Highway Safety’s website: www.iihs.org/brochures/ictl/ictl.html#older. Near the bottom of that page, click on the “insurance losses by make and model” link; then click on “latest results” for data about 2006-08 models, or select a year span to research older models.
5Don’t duplicate medical coverage. If you have good health, life and disability insurance, buy only the minimum personal injury protection (PIP) required by the state. (In Florida, you must carry a minimum of $10,000 of PIP.)
6Are you driving less? If you’re no longer driving to work or if you have started carpooling, pay attention to your average mileage. Many insurers offer “low-mileage discounts” to policyholders who carpool to work or drive a lower-than-average number of miles each year.
7Safety gear can make a difference. It’s often possible to qualify for discounts if you have air bags, automatic seat belts, antilock brakes and daytime running lights. An approved alarm system or other antitheft device can give you additional savings. So can evidence that you’ve made yourself a safer driver by taking a defensive-driving class.
8Pursue discounts for teens. Insure teenagers on the parents’ policy rather than a separate policy. Teens who maintain good grades and pass an approved drivers’ education course usually can qualify for reduced rates. Another discount may be available if your child goes to college more than 100 miles from home and doesn’t take a car along.
9Use one carrier for all your policies. You often will save money if you insure all your vehicles, including recreational vehicles and trailers, with one carrier. Your car premium also may go down if you buy homeowners or life insurance from the same company. And if you’re a longtime customer, call and find out if there are “loyalty discounts.”
10Inquire about other discounts. You may be able to pay less if you’re older than 50 or 55; if you’ve had no accidents or moving violations in three years; or if you pay your premiums in full up front to avoid installment fees. While checking on possible discounts, call other insurers to compare rates.
Laura T. Coffey can be reached at laura@ tentips.org.
Sources: Insurance Information Institute; Insurance Institute for Highway Safety; MSN Money; SmartMoney.com