Cheap Car Insurances – The Untold Truth

Today cars have become a necessity of almost every household as one of the most comfortable means of personal conveyance.  While running on the road, it entails several risks of accidents, thefts and damaged to property due to the person driving it or the other drivers where you may have to incur a heavy amount of your hard earned money as damage. Car insurance is, therefore, an umbrella that gives protection to your funds during such unfortunate events.

There are hundreds of insurance companies floating around in all corners of the country that are providing car insurance.  Some are big players in the field visibly prominent almost in all advertisements while the others are small companies. Every insurer has different plans of insurances with different coverage. In the absence of a prudent approach on your part, car insurance may be quite costly to you.  Cheap car insurances is not a phoenix that is hard to search.  Only you have to put little efforts for search and can save about one fifth or more on the insurance premiums. It is not necessary that once you have taken car insurance from a particular insurance company that you will have to stick with that option.

While searching for cheap car insurances, mostly the insurance companies require you to provide some basic information to arrive at a premium through their automated services online or through telephone. There are several factors that allow quite a good amount of discount on the insurance and you can easily get cheap car insurances.

Age is an important factor in allowing cheap car insurances by way of discount.  Car insurance becomes lower when you turn 25 and again when you reach 55 years of age.  Your driving history is another important element that puts a great impact in determining the premium of your car insurance.  The more tickets you get or the more accident you cause, the farther you are from cheap car insurances.  A five years continuous good and fault free driving record can allow you a handsome saving by way of cheap car insurances.

There are a few categories of car owners that are statistically considered less prone to accidents; consequently, it is easy for them to get cheap car insurances.  In order to get more insurance business, many insurance companies have tied up with certain organizations to offer discounts to their employees or members.  You can inquire from the insurance company to provide the details about it and can avail further discount if you belong to any such organization.

Compilation of lists of cars most likely to be involved in accident or stolen or vandalized is done by The Highway Loss Data Institute every year.  Insurance companies chase this list regularly.  If your car appears in the list of their better-than-average, it will be most beneficial for you to get cheap car insurances.

Car safety features like air bags, seat belts, anti lock brakes etc., you equip your car with, also help you in saving your money in car insurance.

Different companies allow different discounts on different coverage plans. So it is of significant importance that you acquire complete details about the coverage and discounts being allowed by the insurance company you are intending to have insurance from so that you can get cheap car insurance.

Why People Look Out for Cheap Car Insurance

Many of us own an automobile. And as mandated by law, these 4-wheel vehicles should be covered by car insurance. The purpose of this insurance is to provide protection against damages resulting from road accidents, and liabilities which could arise from these unfortunate events. Most of the companies got high premium for car insurance, however we always prefer to have budget-friendly. We want cheap car insurance.

It is a good idea to shop around for the cheapest auto insurance quotes. These cheap car insurances can be very tempting, but you have to study them further and determine what exactly you’re getting for the money you’re paying.

Car insurance coverage could range from third party only, which is the legal minimum, to comprehensive. Logically, less coverage implies lower price. So if you came across insurance quotes wherein the comprehensive insurance coverage is only slightly more expensive that the third party only package, don’t immediately take it as a bargain. Check the fine prints for strip down policies, which initially appear cheap, but will charge you for additional features.

It is interesting to note that where you live has a big impact on your vehicle insurance premium. If you live in a major urban center, which are more populated, you are likely to be charged a higher premium. Needless to say, living in a remote rural area will warrant a lower premium.

Your cheap car insurance could be coupled with high auto insurance excesses to keep the premium low. These excesses are what you pay when making a claim, which include deductibles. But larger excesses for perceived higher risk drivers, like young drivers and foreign drivers, are normal. You may opt for the higher deductible, which could bring down your insurance premium by as much as 40%. True, you will be paying much more when making a claim, but what are your chances of accidents anyway. You are the best judge to that.

Some user claims that it is common for cheap car insurance to come with higher extra charges. These charges are slapped on the insured when a policy is canceled or when a claim is processed. Higher extra charges are imposed to compensate for the lower insurance premium.

The mode of payment has a bearing on the insurance premium. If you pay in one lump-sum, you will not be penalized for the cost of money which goes with staggered payments. The small amount you can save monthly could be significant if computed on an annual basis.

Packaging your insurance policy is also a good way of realizing cheap car insurance. By converting your vehicle insurance policy with your home insurance policy into a multi-line policy, you can save as much as 15% on the premium payment.

But where does one start looking for cheap car insurance? A good place to start is the website on consumer surveys of different vehicle insurance brands. These surveys usually rank insurance companies based on consumer satisfaction. Chances are you will not go wrong with the top five insurance companies in the list.

Cheap Auto Insurance Quote – How Can You Find It?

There are some secrets that you don’t know about getting cheap auto insurance quote. Most people think that there is no such thing as cheap auto insurance quote, but the truth is they are wrong. What they don’t know is how to get it. Here, I am going to share with you some secrets on how to get cheap auto insurance quotes.

Drive less and you will get cheap auto insurance quote. If you manage to reduce your vehicle’s mileage, especially the rush hour miles you drive to and from work every month, insurance company would be happy to quote you lower price. Low mileage indirectly means that you have less risk to involve in accidents and make claims due to the fact that you spend less time driving your car. There are some things you can do to reduce your mileage. You can carpool with the people who are heading to the same destination as you. Otherwise, you can take public transport if it is convenient for you.

Next, your deductible can help you to get cheap auto insurance quote. If you take up high deductible amount, you will get lower quotes for your premiums. However, you should always exercise caution if you are planning to get lower quotes using this way. Do not promise to pay a huge amount of deductible if you cannot afford it.

Besides that, if you are married, simply list the wife as the primary driver and husband as the secondary driver and you will get lower quotes instantly. Women are generally more careful drivers than men, and this explains why they often get lower quotes. The wife’s marital status would be an added advantage as married people are being regarded as more stable drivers and more likely to get cheap auto insurance quotes.

Cheap Car Insurance Rate – Secrets Revealed!

There are actually many ways to get cheap car insurance rate that you have yet to discover. I am going to reveal some of the secrets here, so read on if you are looking for ways to reduce the cost of your car insurance.

As always, there are people who will advise you to drive carefully. This is because by driving carefully, it will benefit you in many aspects. If you still haven’t realize it, constant speeding and reckless driving will put you at a much higher risk of getting yourself in car accidents and hurting yourself and others. They will also eventually lead you to pay a very high car insurance rate as the traffic citations mount. Therefore, slow down your speed and drive carefully to prevent accidents form happening. You will then be able to secure cheap car insurance rate.

The type of car that you have will also determine your chance of getting cheap auto insurance rate. If you have a car which can be considered as old, consider dropping collision coverage on your car. Collision coverage is the one that pays to repair your car if it meets with accidents. Usually, old cars have very low value and you risk paying more insurance than what you really need by taking up collision coverage. Drop this coverage and you will get cheaper car insurance rate. However, if you decide to take up this method to get cheap car insurance rate, you will most likely need to buy another car if your car is ruined in an accident. Check the value of your car and decide it yourself whether to drop this part of coverage.

Next, you can also try to reduce your mileage to get cheap auto insurance rate. You can reduce your car’s mileage drastically by carpooling with your friends or taking public transport. Ask your insurance company if they have discounts for drivers who drive low mileage and you will find most of them do.

Besides that, you should also know your rate is actually affected by your credit rating. It is the best thing if you can keep your credit rating as high as you can. More insurance companies are using your credit factor to determine your overall amount of your car insurance rate. Try to keep any errors that come up off your credit record and you should also pay your bills on time. All these will not only help you to maintain a good credit record but also let you have higher chances to secure cheap car insurance rate.

Finally, insurance companies normally cut down your rate when you purchase more than one insurance policy from them. For example, if you haven’t got any policy for your home yet, get your homeowners policy from the same company. Sometimes, these discounts can help to reduce your car insurance rate significantly.

How to Secure Cheap Auto Insurance?

There is definitely a need to buy auto insurance for your vehicle when you purchase a new one, but the question is where can you find cheap auto insurance? The cost of buying auto policy isn’t something cheap for someone with an average income. Therefore, to get yourself cheap auto insurance, you must strive to get it. Get advice from experts and search for more information on the Internet. Anyway, here are some ways to secure cheap auto insurance which I think would bring benefits to car owners.

1. It is very essential for you to conduct comparison shopping first when you are trying to locate cheap auto insurance. As we have always known, there are multiple insurance companies and packages available in the market. Do not take up the first offer that you get without much consideration. Get a few quotes from various companies and compare their prices and premiums. You would then make better decision to determine which package offers the most reasonable, practical and comprehensive coverage for your needs.

2. Obviously, you need more than one type of insurance coverage so that you would be protected from all sorts of mishaps. Therefore, if you are looking for cheap auto insurance and need to buy your house insurance at the same time, why not signing up a multi-policy under one company? Most of the time, you could gain a huge and significant amount of discounts if you purchase a few policies from the same company. Consolidate your policies and your insurance company would be happy enough to offer you cheaper rates.

3. Be sure to mention to your insurance company if you have good and clean driving history. All your speeding records are accumulated and compiled by your company when they are reviewing your auto policy application. You would normally get lower rates if your company is satisfied with your driving record. However, if you already have bad driving records, consider to drive carefully in the future to avoid having any more bad marks in your driving record. Remind yourself constantly not to speed or violate any traffic rules. When you manage to be a good driver for a long time, your insurance company would not hesitate to offer you some discounts.