AUTO INSURANCE PREMIUM : HOW MAKE SAVINGS OUT OF IT

2007-03-08 10:33:40

( Insurance )



What is the best way to save on auto insurance premium? The following tips will show you how.

1. Know the type of insurance coverage you need

Determine what type of insurance coverage you need by evaluating the kind of travel you do with your car. If you usually drive your car on long trips you need insurance coverage that protects you once your car meets road accidents or roadside services. There are many types of insurance coverage that you will have to pay. However, you can save money if you know what type of coverage is necessary for you.

2. Haggle for discounts

Many insurance companies offer discounts on insurance premiums for good and long time customers. Motorists classified with low risk occupation are considered for discounts on their insurance premium. Try inquiring for a discount from your insurance company and save money on your auto insurance premium.

3. Increasing deductibles

Increasing your insurance deductibles will cut down the cost of your auto insurance premium. This is particularly applicable for motorists who are not their cars. However, you should be ready to cover some of the expenses for repairs costing less than a thousand dollars.

4. Ensure a good credit report

Some insurance companies check your credit reports to help them determine the cost of auto insurance premium that will be charged to you. Having a good credit report will help you haggle for a lower amount of auto insurance premium.

5. Use less mileage for your car

Driving lesser mileage with your car helps you get a lower auto insurance premium quote. Thus, if you are a type of person who only uses your car for leisure drives then you can request your insurance agent to haggle for you a mileage discount on your auto insurance premium.

6. Avoid using high end type of vehicles

High end type of vehicles usually attracts the risk of theft and burglary which drives insurance companies to charge higher amount of auto insurance premiums to its owners. Thus, it is better if you choose a lesser high profile type of vehicles to be able to get a lower rate of auto insurance premium.

The return of premium on auto insurance coverage is important for motorists. Thus, it is better if you consistently pay your auto insurance premiums to ensure that you get the insurance benefits you need when you encounter accidents on the road.


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