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Sunday, July 22, 2012

7 Ways to Save on Car Insurance

(PRWEB) July 22, 2012
There are many factors that affect car insurance premiums. This includes coverage amounts, deductibles, vehicle condition, credit score, driving history and more. However, there are also some ways to keep premiums low despite these factors.
AXA insurance offices Taken from the back of the Way Inn pub car
(Photo credit: Wikipedia)
1. Improve your credit score.
Credit scores greatly affect car insurance premiums. It is important that consumers maintain a good credit history in order to purchase car insurance policies at desirable rates. Nowadays, there are many car insurance providers that allow people with bad credit to purchase coverage. However, they pay higher premiums because they are classified as high-risk drivers.
People who want to get a favorable car insurance premium in the future should start making efforts to obtain and maintain a good credit score. With this, they can enjoy the lowest rates possible when they purchase car insurance coverage.
2. Pay with a credit card.
Consumers can actually save money over time by paying for their premiums with a credit card. This is because people can get one to five percent off their premium with cash back credit cards. However, the cash back may depend on the total purchases that the cardholder makes. Nevertheless, the cash can actually accumulate over time. In 15 or 20 years, it may be enough to pay for college tuition.
3. Exclude unnecessary coverage.
Car insurance premiums change every now and then. This means policy holders should make sure that they are still paying the right premium for their cars. It is wise to evaluate your car insurance coverage every six months. Doing so will ensure that you are getting the correct rates. There may also be coverage inclusions in previous policies that are no longer needed.
Change in location, adding new cars and teenage drivers are among the many factors that may influence auto insurance policies.
4. Pay in full.
Paying the premiums in full can help lower insurance coverage costs. Many insurance companies offer big discounts for drivers who pay in advance. Monthly installments may appear cheaper. However, the rates have fees and additional charges included. Moreover, policyholders are more likely to pay more if they miss a payment.
5. Combine Policies
Many people tend to purchase their car and home insurance coverage from different companies. Getting coverage from the same insurance provider can actually provide big savings.
Almost all insurance companies that offer both policies provide discounts for consumers who purchase combined coverage. This is one of the largest discounts available today.
6. Take a defensive driving course.
Insurance companies offer good car insurance rates for drivers with good driving records. They offer more discounts for consumers who are considered to be low risk drivers. This includes those who take defensive driving courses. However, it is always best to check and see if your car insurance provider offers this discount.
Defensive driving courses only take a short time to complete. They are affordable, and these courses can significantly help reduce car insurance premiums.
7. Compare Prices.
Unlike before, consumers who are looking for cheap car insurance can search the Internet for information about different insurance companies. Most companies today have their own websites where they show their rates and policies. However, checking individual sites can be tedious. Fortunately, there are price comparison sites such asautoinsurancecenter.com that can make searching a lot easier and faster.
The site allows consumers to search for insurance companies in their area by simply providing their ZIP codes. The site will reveal the companies with the lowest rates or providers that meet the consumer’s criteria.
Using sites like autoinsurancecenter.com gives consumers the chance to find smaller companies that may provide them with the coverage they need at affordable prices. Additionally, they do not have to visit brick and mortar insurance company offices.
There are many other ways to cut down on car insurance premiums. It only takes time and effort to do the research. Following these seven simple steps may only bring small discounts at first, but they can grow over time.
Source: http://www.prweb.com/releases/car/insurance/prweb9720886.htm
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1 comment:

  1. fantastic post and Thanks for sharing this info. It's very helpful.
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