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Posted June 4, 2012
Larry Chandler, Researcher
Finding Cheap Auto Insurance Without Sacrificing Quality
Saving money for most people is a top priority. Whether it is getting a couple of dollars off at the local movie theater or saving a considerable amount on car insurance, people are typically in the “bargain hunter” mode. But how does anyone get a good insurance policy without paying as much as their monthly car payment? Listed below are some tips and strategies to help you get the most out of your policy without cutting back on the quality.
A traditional practice among retailers is to offer some type of discount for buying items in bulk. Insurance carriers have the same mentality. Buying a policy for more than one vehicle or adding in another policy, such as the home or life insurance, could help lower the overall bill on all of the policies.
Spend a Little More on the Deductible
If you currently have a deductible in the $250 to $500 range, raising it up to $750 or even $1000 can make a substantial improvement on your monthly premiums. However, you need to be prepared to pay the higher deductible in the event of an accident. It is a good idea to look at your finances and see how long it would take to save up the higher deductible amount, if you don’t already have it stashed away.
Do you Qualify for Special Discounts?
Insurance companies offer discounts on a wide range of circumstances. High grades earned by high school & college students, keeping a car in a garage, having a car security device and maintaining a clean driving record are all things that can earn you a substantial discount. Ask your agent about available discounts and see which ones you might qualify for.
Be Careful Behind the Wheel
One of the best ways to keep your insurance premiums low is to be a careful driver. Staying away from any moving violations and accidents will help you to avoid a high cost on your car insurance.
But what if you have been involved in a couple of accidents or have a few tickets to your name? One option that can help you lower your rates is a defensive driver course. These courses are offered all across the country by various groups. The course can help you get a better premium now and also qualify you later on for a particular discount aimed at graduates of the course.
Pay Attention to Your Insurance Agent
One of the best ways to get a good quality insurance policy at a fair price, is to listen to your agent. They can help you decide on what type of policy you need based on a wide range of factors such as your daily commute, type of work, and a host of other factors. When your agent begins to ask you questions about work and personal interests, it is not a way to invade your privacy. Rather, it is their method for finding out what policy will benefit you the most while at the same time saving you the most money.