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Car insurance and you



 Car Insurance Courtesy of iii.org

One of the best ways to keep your car insurance costs down is to have a good driving result.

Below is a list of other things you can do to lower your car insurance. insurance costs.

1. Shopping around

Prices vary from company to company, so it pays to shop around. Get at least three prize assignments. You can call companies directly or access information on the Internet. Your state insurance department can also provide comparisons of rates charged by major insurance companies.

You purchase insurance to protect you financially and give you peace of mind. It is important to choose a company that is financially stable. Check the financial health of insurance companies with rating companies such as A.M. Best (www.ambest.com) and Standard & Poor & # 39 ;s (www.standardandpoors.com/ratings) and consult consumer magazines.

Get quotes from different types of insurance companies. Some sell through their own agents. These authorities have the same name as the insurance company. Some sell through independent agents who offer insurance from several insurance companies. Others do not use agents. They sell directly to consumers by phone or via the Internet.

Do not just shop by price. Ask friends and relatives for their recommendations. Contact your state insurance department to find out if they provide information on consumer complaints from companies. Choose an agent or company representative who takes the time to answer your questions. You can use the checklist on the back of this brochure to help you compare quotes from insurance companies.

2. Before you buy a car, compare the insurance costs

Before you buy a new or used car, check the insurance costs. Car insurance premiums are based in part on the price of the car, the cost of repairing it, its overall safety performance and the likelihood of theft. Many insurance companies offer discounts for features that reduce the risk of injury or theft. To help you decide which car to buy, you can get information from the Insurance Institute for Highway Safety (www.iihs.org).

3. Ask for higher deductible

Deductible is what you pay before your insurance takes effect. By requesting higher deductibles, you can reduce your costs significantly. For example, if you increase your deductible from $ 200 to $ 500, you can reduce your collision and your comprehensive coverage cost by 1

5 to 30 percent. Going to a deductible of $ 1,000 can save 40 percent or more. Before choosing a higher deductible, make sure you have enough money set aside to pay it off if you have a claim.

4. Reduce coverage on older cars

Consider losing collision and / or extensive coverage on older cars. If your car is worth less than 10 times the premium, it may not be cost-effective to buy the insurance. Car dealers and banks can tell you the value of cars. Or you can look it up online at Kelley & # 39 ;s Blue Book (www.kbb.com). Review your insurance coverage at the time of renewal to ensure that your insurance needs have not changed.

5. Buy your homeowners and car insurance from the same insurance company

Many insurance companies give you a break if you buy two or more types of insurance. You can also get a discount if you have more than one vehicle insured with the same company. Some insurance companies lower prices for long-term customers. But it still makes sense to shop around! You can save money by buying from different insurance companies, compared to a discount on multiple insurance policies.

6. Maintain a good credit history

Establishing a solid credit history can reduce your insurance costs. Most insurance companies use credit information to price car insurance. Research shows that people who effectively manage their credit have fewer claims. To protect your creditworthiness, pay your bills on time, do not get more credit than you need and keep your credit balances as low as possible. Check your credit information regularly and correct any errors immediately so that your information remains correct.

7. Take advantage of discounts on low mileage

Some companies offer discounts to motorists who drive a lower number of miles per year than the average. Low mileage discounts may also apply to drivers driving to work.

8. Question about group insurance

Some companies offer discounts to drivers who receive insurance through a group insurance from their employers, through professionals, company and alumni groups or from other associations. Ask your employer and ask groups or clubs you are a member of to see if this is possible.

9. Search for other discounts

Companies offer discounts to policyholders who have not been involved in any accidents or moving offenses for a number of years. You can also get a discount if you take a defensive driving course. If there is a young driver on the insurance who is a good student, has completed a driver's education or is away in college without a car, you can also qualify for a lower price.

When comparing shop, ask about discounts for the following: *

Anti-theft devices
Coverage for cars and homeowners with the same company
College students away from home
Courses in defensive driving
Driver Records Records [08] 459Good Courses [19459015vr459G1949GHighersoulLowannualmileage
Long-term customer
More than 1 car
No accidents in 3 years
No moving offenses of 4590918] 9959018] 9959018] 4590918] 9959018] 459018] 459018 [069018] * not the discounts are available in all states or from all insurance companies.

The key to savings is not the discounts, but the final price. A company that offers few discounts may still have a lower total price.


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