Insurance is necessary, and expensive. Fortunately, there are many ways you can save on insurance premiums. If you own more than one vehicle, if you carry home or life insurance, the simplest way to save on your insurance costs is purchase all your policies from the same company. Putting all your policies together under the same company is called bundling. Companies, understandably, offer substantial discounts on insurance when you purchase more than one policy. It’s also much easier to manage your bundled policies. You only need to see one agent in case of a claim, and you only need to pay one bill.
A second easy way to save money on auto insurance is to choose a higher deductible. Moving up to the next deductible usually saves you a lot of money. There is just one catch: You must be able to pay your deductible in case of an accident, damage, or theft.
Getting quotes on your policies from more than one insurer is also a way to cut down insurance costs. Sometimes companies give you a better deal when they learn you are shopping around.
If you are a senior, a student, a member of AARP, in the military, over 25, or a woman, you may get a price break on your auto insurance. Make sure you choose policies that reward you for being in one of these categories.
Save even more money on your policy be taking a defensive driving course or basic driver education. Companies will insist on the receipt proving you took and passed the course before you get a discount on your premiums. Many insurers offer a discount of 10 per cent on your premiums for taking these courses that document your seriousness about driving responsibly and safely.
Where you garage your car has a lot to do with how much you pay for insurance. Drivers who live in cities will pay more than drivers who live in small towns. Drivers who live in high-risk areas will pay more than drivers who live in low-risk areas. Different companies define “high-risk” differently, so shop around. What is considered a high risk by one company may be OK with another.
If you own a sports car or other high risk vehicle, considering trading it in for a safer car. Sports cars are classified as high risk because they are more prone to accidents and theft, and that means high car insurance premiums. But if you buy a car that isn?t considered high risk, you will have an easier time negotiating a lower rate on your car insurance premiums. See a qualified insurance provider for more details on what is considered a high risk vehicle.
Finally, if you can’t find a discount from the list above, ask your authorized insurance agent. Many insurance companies have their own programs that help you lower your costs down to an affordable level. Whatever your personal insurance needs may be, your professional insurance agent can work with you to get exactly the coverage you need.
Tom Martens is the content syndication coordinator for Carinsurancesa.co.za. South Arica?s leading car insurance portal.
[...] Ways to Save on Your Car Insurance | Car Insurance Articles By Andy ⋅ November 29, 2009 ⋅ Email This Post ⋅ Post a comment Filed Under car-insurance, classified-as-high, high-risk, means-high, other-high, risk-vehicle, Sports, sports-car If you own a sports car or other high risk vehicle, considering trading it in for a safer car. Sports cars are classified as high risk because they are more prone to accidents and theft, and that means high car insurance premiums. … Read more from the original source: Ways to Save on Your Car Insurance | Car Insurance Articles [...]