Affordable Auto Insurance – Factors Affecting the Rates You Pay

Affordable Auto Insurance – Factors Affecting the Rates You Pay

We have heard that the best way to get lower rates in your auto insurance is to do a comparison of quotes. This is absolutely true. If however you are not ready to change your existing insurer now but just want to find a way of lowering your rates, there are a few ways to do this.

Every time you find a way of lowering the mileage on your car, you have also reduced the rates you would pay. Why? A reduced mileage simply means the car is not moving around so much which in turn means that the risk of an accident or damage is reduced. Your insurer would love this and should give you a discount for this. You can try taking the public transportation as often as you can or joining a car pool. You don’t necessarily have to stop going out.

You don’t have to take up collision and comprehensive coverages if your car is old and you are ready, able and willing to repair whatever damages that occur yourself.

You have to be sure you really need the extras you have on your auto insurance coverage. Do you really need roadside assistance,towing and car rental coverages? These extras might seem quite cheap and inexpensive but if you were to drop them, you would find you have saved yourself some funds. Remember little drops make an Ocean.

Depending on the state you reside in and have your insurance coverage in, your credit score might be a factor your insurers consider. you need to try to maintain a good credit score as this would go a long way in helping you enjoy lower rates.

You can also save yourself the cost you would have attracted for doing monthly installement payments by using Electronic funds transfer.

Never allow your policy to be canceled or to lapse. If you allow this to happen and later want to get a new policy, you could be attracting up to 50% more on your rates.

Check to confirm if you qualify for safe driver discount. If you have not had a violation in the past 5 years, then you just might qualify for this discount. If you have formed the habit of safe driving, then you are almost sure of getting lower rates. Try to maintain this record and you would keep saving more and more.

The security features on your car can seriously affect the rates you pay. Install a car alarm, etch your VIN number on the windows and other parts of your car, make sure you have airbags,abs and park your car in a safe environment. All these and some others which you can learn of from your insurer, would certainly help you enjoy lower rates.

When you are ready to finally really enjoy the lowest rates possible on your auto insurance, you would get and compare as many free quotes as you can. Visit at least 4 quotes comparison sites and get enough quotes for your comparison. Don’t worry, its free.

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