Saving money on auto insurance
Auto insurance can dig deep holes in your pockets and you can
save substantial amounts of money each year by choosing the
right auto insurance. Taking the time to check out different car
insurance companies and comparing their quotes can be a very
good investment. You can often save several hundred dollars by
choosing a licensed low-price car insurance company instead of
some of the more expensive insurance companies. Today, the
Internet has made it easier than ever before to rapidly gather
information about insurance coverage and insurance rates from a
multitude of insurance companies. Some sites will even collect
the information for you and display easy-to-read spread sheets
where all vital factors can be easily weighed against each
other.
You can usually lower your car insurance rate further by
installing an air bag, since the medical part of your car
insurance will be cheaper. The car insurance company knows that
you are less likely to sustain sever injuries in a car equipped
with air bags. Some car insurance companies will offer you an
even lower insurance rate if you install air bags not only for
the driver but for the passengers as well. The same risk
analysis will make your insurance rate drop when you install an
anti-theft system, if you have a car insurance policy that
covers theft.
Many insurance companies will offer discounts for certain
groups, such a mature drivers, multi car families and
militaries. Members of the National Guard and the Reserves are
usually offered the same discount as militaries. Mature drivers
receive a discount since they are statistically less accident
prone than younger drivers. If you have a young driver in your
family, you can however lower your insurance cost with some
insurance companies by showing that the young driver has
completed a driver's education program. Such insurance companies
will usually also offer discounts for mature drivers that have
completed a course in defense driving. If you are a multi-car
family you should always bring this up when you negotiate your
insurance rate with the insurance company and ask how large the
discount will be if you insure all your cars with the company.
Sometimes the car insurance rate can be decreased even further
by insuring your car with your home insurance company or health
insurance company. It is common for insurance companies to offer
a wide range of different insurance policies.
If you have been fortunate and skilled enough to stay accident
free for many years, you should find out how different car
insurance companies will award you for this. The discount for
accident free drivers can vary significantly between different
car insurance companies and you can therefore save substantial
amounts of money by shopping around. A five year long period
that has been free of accidents is usually long enough to make
you qualified for some type of discount. With some car insurance
companies you will be offered a "surcharge waiver". With a
surcharge waiver, you will not loose your discount even if you
are involved in one accident.