innovative technology: Having Trouble With Auto Insurance? Try These Tips

Sunday, September 16, 2012

Having Trouble With Auto Insurance? Try These Tips

Affordable car insurance is within your reach if you follow the advice given here. Insurance companies have specific criteria which allows them to establish rates for each individual.

Interesting? Investigate monthly insurance rates before deciding which car to purchase. Keep in mind that the safer your car is, the lower your insurance rates will be.

When purchasing car insurance, add property damage liability to your policy. This type of coverage will cover damage sustained in an accident. 47 states require you to buy this type of insurance. It may seem expensive now, but if you were to get into an auto accident, property liability insurance can save you a large amount of money.

Speak with your auto insurance company and ask them about discounts they may have. Take note of ones you qualify for, and try to get those discounts. This will save you the most amount of money possible.

Interesting? If you find a rate from another company that will give you the same coverage at a lower price, check with your current company first. Oftentimes insurers will offer you more competitive premiums in order to keep your business.

If you do not drive a lot, you may qualify and receive a low mileage bonus on your car insurance. In order to qualify for the discount you want, you are going to have to drive less than 7,500 miles in a given year. Consider carpooling or taking the bus a couple times a week to earn a commuter discount.

Most auto insurance policies are actually issued on the particular driver who buys the insurance, not the car itself. Many people will let friends drive their car and if the friend gets in a car accident, the insurance will not pay. If you do lend out your car, it is probably a good idea to purchase coverage for extra drivers, though this will cost you more money.

Insurance Rates

One way for men under age 25 to get lower insurance rates is through marriage. Some have found that marrying saved them almost 40 percent. So, if you have been thinking about tying the knot, why not, you can save on your insurance rates.

Interesting? You do not need a lawyer unless you have a claim over $25K. The better option is to cooperate with your adjuster in order to reach a deal.

The kind of vehicle you decide on will be a huge factor in the cost of insurance. If you want to buy a more expensive vehicle, you are going to end up paying more for your insurance. Go with something modest and safe if you really want to save the most money.

When you change providers, cancel your last policy in writing. It?s possible that it can be ignored by your old insurance provider and you may get a bill in the mail anyway that you disregard but get blacklisted as policy termination due to nonpayment. This will cause a negative effect on your credit score.