Money Saving Tips on Your Car Insurance
*******************************************************************This is a guest post from the team at CarInsuranceQuote.net.
If you like what you see, check out their their website and see
how much you can save on your car insurance.
*******************************************************************
With today's economy, most people are looking to save where ever they can. Whether it's brewing a pot of coffee at home rather than paying $4.00 at a cafe or skipping an annual vacation, consumers are tightening their belts. One great way to see immediate savings is to re-evaluate your car insurance.
The first place to start is with your car. If you are in the market for a new vehicle, consider the cost of insuring it along with the ticket price. Older and smaller cars with a high safety rating are likely to cost the least amount to insure. After shopping around and narrowing your selection to just a few possibilities, call an insurance agent to see about car insurance quotes on each make and model. The numbers could surprise you and you could opt for one vehicle over the other.
If you are not in the market for a new car, start by looking at your current auto insurance policy. (Here's what Mrs Budgetsaresexy and I pay) Are you missing out on any discounts? Talk to your insurance agent about good-driver discounts, good-student discounts and whether your profession qualifies you for any discounts. You can also take drivers safety courses that can lower your rates.
If you drive an older vehicle, you can consider dropping your collision and/or comprehensive coverage. If you car is worth less than 10 times the premium, purchasing full coverage may not be as cost effective. Instead, consider liability insurance as your affordable alternative. You can find out the worth of your car by looking online at Kelly's Blue Book. In any case, be sure to consult your insurance agent before dropping any coverage. They might suggest that you consider raising your vehicle's insurance deductible. By raising this part of your policy, you can lower your auto insurance premiums significantly. (Just make sure that you have enough cash reserves set aside in case of an accident.)
If you own your home or more than one car, talk to insurance agent that can bundle your insurance policies to save on each insured car you drive. If there are any other types of insurance that your company offers, it may be a good idea to talk to your agent about what else you can bundle to receive discounts on your coverage.
Believe or not, many insurance companies also utilize your credit rating to help them determine what type of risk you might be. Car insurance companies determine rates upon risk and if there is higher risk, rates will increase. You should always review your credit annually and look into how you might improve your credit score. Keeping a good credit score as one way to lower your car insurance rates.
All of these tips are a great way to reduce your rates, however, the quickest and easiest way to see the biggest drop in premiums is to shop around for car insurance. To get a car insurance quote, simply enter your basic information online with a comparison shopping website and you will be contacted by up to five local insurance agents offering you cheaper auto insurance rates. These agents know they are competing with other agents in your area, and in order to win your business, they will offer you the most complete coverage at the absolute cheapest price.
Labels: guest post, insurance, saving
posted by J. Money at
11:37 AM
8 Comments:
I agree, it really is important to your rates to raise your credit score. My husband had some post college credit problems he's still paying the consequences for, and his insurance rates on his older, small vehicle are terrible. We didn't realize that credit scores were calculated into such things until we looked at the rates he was offered.
It's crazy how often credit scores come into play. You lock that down early and stay on top of it, it's smooth sailing baby.
I actually blogged about this topic today too, and I would argue against using a comparison quote site. Each time my husband and I used them, we received a higher quote amount than the quote amount from the company's individual website. It may take longer to get several individual quotes, but it can save you a huge amount in the end.
Awesome tips. I'd say shopping around is the best way to find a lower rate. We got my husband a more than 50% reduction in his rate from another insurance carrier. He'd been with his original carrier since he started driving, and the premium was grossly out of wack with what the typical (albeit super-high) premiums are in the Northeast.
Yeah, researching always trumps all else! I haven't had to check around much in the past 8 years since being with USAA (if only they'd allow everyone to use them!), but I do know that when I did hit up 3-4 others it took a while, but I got great comparisons...
It might suck spending a few hours of your day on this stuff, but usually you find a company you're comfortable with and stick w/ them for a while.
Useful tips for car insurance, Good article. Carinsurance reviews http://carinsurancereviews.net/ is a review site, which provides detailed and upto date information on various carinsurance companies and their policies in USA.
Thanks for sharing such great post, we are earning without any of the future plans and spend it without any of the thought of tomorrow. According to me budgeting and minimize the use of credit card is the best way to save money.
I would have to agree with you. Especially on the budgeting part ;)
Post a Comment
Links to this post:
Create a Link
<< Back to Budgetsaresexy.com