Monday, September 13, 2010

Save Money on Car Insurance

One of the most expensive things any car owner has to buy is car insurance. Insurance gives you peace of mind and protects you financially in the event of a car accident or your car being stolen. You don't have to settle for high-priced car insurance.

Shop

Make sure that you shop around. You should get quotes from at least three companies. This will let you see the price differences for the kind of coverage that you need. You can find out this information by calling the company or you can find it online. Keep in mind that some companies use agents, some don't, and sometimes independent agents offer policies from several companies. Look for a variety and don't forget to ask your friends and family about car insurance companies that they use. Sometimes, it's worth paying twenty dollars more if the customer service is a lot better than the company that is cheaper.

Look at Insurance Before You Get a Car

When you go car shopping, it's time to take a look at insurance. Car insurance premiums are based partly on a car's sticker price, overall safety record, likelihood of being stolen, and how much it would cost to repair it. If you have features that help to reduce injuries, such as airbags, or that deter theft, such as an alarm, you can often get a discount. It doesn't matter whether the car is used or new – the insurance will still be affected.

Get Higher Deductibles

Higher deductibles will lower your costs. A deductible is what you have to pay before the insurance company will pay. Just for example, if you increase your deductible to $500 from $200, you could save 15-30% on your collision and comprehensive cost. You'll save 40 percent or more if you take the $1,000 deductible. However, before you decide to take a higher deductible, you need to make sure that you will be able to pay if the need arises.

Get Homeowners and Car Insurance from the Same Company

If you buy more than one kind of insurance from the same company, they will usually give you some kind of a break in the price. Some companies will give you a price reduction if more than one vehicle is insured. Long-time customers may get reduced rates. But you should always shop around, because sometimes you will find that you'll save more even over multi-policy discounts.

Older Cars Don't Need As Much Coverage

If a car is worth less than 10 times the premium you pay on it, then you should consider dropping the collision and/or comprehensive coverage you have for it. You may be spending more than you really need to. You don't want to spend more in insurance than the car is worth.

Good Records

It's important to keep a good credit record and driving record. You can get discounts for having a good driving record, such as good driver or safe driver discounts. Good credit can help cut your insurance costs because it is becoming more common for companies to use your credit rating to determine your insurance price.

Low Mileage Discounts

Check and see if your company has a low mileage discount. If you drive less than average every year, you might be able to get a reduced rate. This can also apply if you car pool.

Group Insurance

Sometimes, you can get car insurance through your employer, alumni groups, or other groups you might be a part of. Some companies will give you a price reduction based on what you belong to.

Other Discounts

If you haven't had any moving violations or accidents for a certain number of years, some companies will give you discounts. Defensive driving courses also count. If you have a young driver who has taken driver's education and gets good grades, you can sometimes get a discount. The same is true if your child is a college student who doesn't have a car and attends college out of the area.

Let Manly Automotive Group help you in your new and previously owned vehicle choices today stop by our website today and drive away knowing that you made the right choice with us! http://www.manlyauto.com/ We also can be found on Twitter https://twitter.com/ManlyAuto and Facebook http://www.facebook.com/pages/Santa-Rosa-CA/Manly-Auto-Group/103413126362572?v=wall&__a=3 & stop on over and visit us!

1 comment:

  1. So much involved with car insurance. I'm glad to see ways to lower the price!

    ReplyDelete