Ways to Slash Your Auto Insurance Costs

In the global world of insurance field every one wants to have good deal at slash price, here’s 6 easy ways to get the best possible auto insurance deal.

1. Get multiple Auto Insurance Quotes: before going to purchase always make a practice to do comparison with the other options available in the market, use sources such as internet or call few brokers to compare quotes. Get different types of auto insurance quotes from insurance carriers, brokers and from agents, always look for secure and reputable insurance company who can pay good auto insurance claim.

2. Different type of car: The cost of insurance depending upon the car type you prefer. Generally the $100 sports model cost higher than your average model, so if you thinking to buy a new car check the insurance cost before you purchase it.

3. Car age and Value:
The value of your car may be lower as the car model will become older and if you are using car since long time. A good rule of thumb multiplies insurance premium by 10, and compares that figure with your car value. So if you're quoted $1000 premium and your car is worth less than $10,000 you may want to think if comprehensive represents good value. If you drop collision and/or comprehensive coverage, you should get big savings.

4. Excess charges: To keep policy cost down most of the auto insurance companies keep excess charges, deductibles charges shows what you pay before your auto insurance policy kicks in, request quotes from different level of excess charges.

5. Low Mileage: More and more people work at home. No more commuting. Fewer business trips. Low mileage on your car. Maybe you do travel to work, but car pool? Either way, look for low mileage discounts.

6. Good Driving Record: A good driving record always reduces your auto insurance costs. Keep a clean drivers license. Don't speed, don't drive dangerously, and you'll save money (apart from other benefits!)

10:48 - Friday, April 4, 2008 - post comment