5 Easy Steps To Lower Your Auto Insurance Quote
Sam Caldrone
Buying auto insurance today requires as much dexterity as buying the automobile itself. It is important to know the factors that an auto insurance company considers when offering quotes. This will allow you, as the consumer, to know what steps you need to take in order to qualify for a lower quote. The five easy steps to a lower insurance quote are:
1. Portray yourself as a 'safe' candidate: Insurance companies are interested in managing risk. Consequently they offer drivers who are less likely to get into wrecks or at a minimum into wrecks of less severity, a lower insurance quote.
-Maintain a clean driving record, free of traffic violations or accident claims.
-Install anti-theft devices in your vehicle.
-Attend a Drivers Safety Training program.
-Buy a 'safe' vehicle. The National Highway Traffic Safety Administration (NHTSA) and The Insurance Institute for Highway Safety together collect information on safety related aspects of different vehicles. Buy an automobile that is officially designated as 'safe'.
-Park your vehicle in a garage.
2. Show your Credit worthiness: As a risk management entity, insurance companies are also worried about getting paid on time. If you can show yourself to be credit worthy, there is less risk of you not making your payments on time, thus warranting a lower rate.
-Maintain a good credit score and clear up any errors on your credit.
-Cut down on the total number of outstanding credit cards to 2 or 3.
3. Practice Financial Wisdom: The way in which you structure and pay for your policy can lower the risk that an insurance company faces with respect to you as a customer. By taking steps to lower their risk, you receive a lower insurance quote and policy.
-Buy an annual policy instead of a six monthly coverage to get you a lower rate that remains the same for a year.
-Opt for automatic payment deductions from your bank account or your credit card to avoid getting charged for mail payments.
-Increase your deductibles on comprehensive and collision policies to reduce on the rates.
-Get loyalty discounts by buying your home and auto insurance from the same company.
4. Assess your Insurance Needs accurately: This is obvious, the more coverage you get the more it will cost you. Add-ons are killers in the insurance business, strip your policy down to just the minimum of what you need.
-If your vehicle is not used much or you have an old car with little market value, opt for minimum liability alone. It will cost you less.
-After fulfilling the legal mandate on auto insurance, insure according to your needs alone.
5. Other wise things that you can do: There are a number of other considerations that go into your insurance quote. Some of them are not reasonable steps to take, while others you can do with little effort which can translate into substantial savings.
-If your car is used only for a particular purpose, make your agent aware of it, as this will limit the cost.
-Students that make good grades are often eligible for a discount.
-Give up smoking; it can help you get better quotes.
-Change your occupation if you can help. A delivery boy carries a higher risk than a storekeeper.
About the author:
Sam Caldrone recommends that you visit http://www.smartautoinsurance.com for more information on getting an auto insurance quote.
The latest information and news on Car Insurance:
Judge Rejects Mercury Insurance's Prop 17 Claims; Voters Will Be Told of Prop...
Total Buzz (blog)
Judge Rejects Mercury Insurance's Prop 17 Claims; Voters Will Be Told of Prop ...
PR Newswire (press release)
"Now that the Judge has made it clear that Prop 17 lets insurance companies raise car insurance premiums, will the insurance company backers of Prop 17 stop ...
Battle...
Car insurance? It's time for a little respect - The Guardian
The Guardian
Car insurance? It's time for a little respect
The Guardian
At a time when car insurance prices are rising at their fastest level ever, how can experienced drivers make sure they get the lowest premiums around? ...
Cheat Sheet To Getting The Lowest San Antonio Car Insurance Quotes - Your Onl...
Cheat Sheet To Getting The Lowest San Antonio Car Insurance Quotes
Your Online Insurance News
Don't settle for just any car insurance quote you see. If you are smart about this investment, you could save ...
Cheat Sheet To Getting The Best El Paso Auto Insurance QuotesYour Online Insurance News
all ...
Pelosi: Stupak bluffing on health bill abortion threats - Raw Story
Kansas City Star
Pelosi: Stupak bluffing on health bill abortion threats
Raw Story
Right now we are required to purchase car insurance and I remember the brouhaha when that law passed. We will have health insurance reform and eventually ...
Passage of health care reform bill is "still a jump ball,&...
Crist Calls Rubio Out on Car Insurance - Capitol News Service
Crist Calls Rubio Out on Car Insurance
Capitol News Service
Crist is calling into question why the former House Speaker had the Republican Party pay for his car insurance when his minivan was damaged at a political ...
and more »
auto insurance - Google News
Health Care Reform and the Reid Family - ABC News (blog)
Reuters
Health Care Reform and the Reid Family
ABC News (blog)
Victims of auto accidents have injuries paid for by the other drivers auto insurance (bodily injury liability), not by their own health insurance. ...
Protests in Favor of Health Reform a Precursor to Massive Change in the ...Insurance News ...
5 arrested for alleged SoCal auto insurance scam - San Jose Mercury News
5 arrested for alleged SoCal auto insurance scam
San Jose Mercury News
... have arrested a lawyer and four chiropractors and paralegals who allegedly bilked insurance companies by submitting bills for phony auto accidents. ...
and more »
Hundreds Arrested in Auto Insurance Scam - NBC Los Angeles
McClatchy Washington Bureau
Hundreds Arrested in Auto Insurance Scam
NBC Los Angeles
Hundreds of people were arrested Thursday in a massive sting operation against an auto insurance fraud ring, according to the Daily News. ...
Report: Insurance fraud spiked last yearKansas City Star (blog)
Recession is f...
Huckabee Inavertently Argues For Health Insurance Mandate: 'Everybody Has To ...
Huckabee Inavertently Argues For Health Insurance Mandate: 'Everybody Has To Live'
Think Progress
Offering support for the measure, President Obama has compared the idea to states' requirements that those who drive cars must purchase auto insurance. ...
In our view: Questions that need answ...
Car salesman accused of stealing identities - Boston Globe
Car salesman accused of stealing identities
Boston Globe
A Somerville car salesman was formally accused of using stolen identities to sell fraudulent auto insurance policies during ...
and more »