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First step: Only buy coverage you need. When you buy an automobile insurance policy, you’re really purchasing a package of six different coverages. The state you live in requires you to purchase some of these coverages, and the rest you may or may not need. The state usually requires a certain amount of bodily injury liability insurance, property damage liability insurance and uninsured motorist coverage. Some states require personal injury protection, or no-fault, insurance.
Collision insurance and comprehensive insurance are usually offered in the insurance package, but they’re not required by the state. They cover damage to your car, rather than damage to people and other people’s property. You may not want comprehensive or collision for an old car that’s worth about $2,000.
Step Two: Get the highest deductible you can afford. You could save up to 30% on your premiums if you take a $500 deductible on your collision coverage instead of a $250 deductible. A $1,000 deductible would save even more.
Step Three: Shop around for the best deal. Get price quotes from at least three insurance companies. Prices can vary dramatically from insurer to insurer.
New York did a cost comparison to see how much a 35 year old male driver would pay annually in premiums for the minimum auto insurance required by the state. They checked with 20 insurers and got a price range of $362 to $655.
Step Four: Ask the insurance company what discounts you qualify for. Some discounts available are as follows:
-Good driver. Drivers with no accidents or violations on their record can get a discount from most insurers.
-Mature drivers. Drivers at least 50 or 55 years old can get discounts of 10% to 20%, depending how much they drive every year.
-Carpool drivers. Carpoolers may get a 10% to 20% premium discount.
-Multi-car households. Put all the family cars on one policy and you may get a 15% to 20% discount.
-Multi-policy discount. If you get your homeowner’s and automobile insurance through the same company, you may get a discount.
-Anti-theft device. Install an alarm, an ignition-shutoff system or a wheel-locking device, and you may receive a 5% to 15% discount.
Automatic seat belts and air bags. Some insurers give discounts of up to 30% for cars with automatic seat belts and airbags.
-Nonsmoking driver. Don’t smoke? You may receive better rates on liability, no fault and collision insurance. It’s a danger to light a cigarette while driving.
Make sure you ask each insurance company you call for available discounts. Some companies will offer more discounts than others, and many won’t offer any at all unless you ask for them.
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March 16, 2011
Thanks for that.
March 16, 2011
Good information. Well written article.
March 16, 2011
A useful share
March 16, 2011
helpful info, thanks for sharing
March 16, 2011
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March 16, 2011
very useful tips . . . i like your blogpost. . .
March 16, 2011
That was very useful. My wife and I are actually in the process of implementing some of those things now. The multi-car discount really helped (lowered it) which I find kind of funny – but it is what it is. Thank you for sharing.
March 16, 2011
Love the tips. Especially the one about non-smokers. Not only are many drivers who smoke more likely to cause an accident than those who don’t, it makes the car have a horrible odor, thus possibly hurting resale value down the road.
March 16, 2011
That was very useful tips.
Thanks for sharing
March 16, 2011
How do I actually get the car poolers Discount?
March 16, 2011
To get free online car insurance quotes or to know everything about auto insurance please visit http://get-online-car-insurance.blogspot.com . You may also know in detail about the Rules in different states of USA, auto insurance Faqs
and Compare car insurance rates.
March 16, 2011
Tips that really provide solutions to choose some insurance against the car, with the assurance and get an affordable price.
March 16, 2011
This article gets straight to the main point of how to get cheap insurance and has helped me with reducing my insurance providers quote by 35%. I like your website and I have enjoyed reading other related articles on your website.
March 16, 2011
thanks very nice sharing.
March 16, 2011
More information is welcome
March 16, 2011
i like blog and do follow list
March 16, 2011
great article, i hope you keep posting about this..
March 16, 2011
hi
March 16, 2011
If you have a relative that is in the military or are in the military yourself USAA is awesome. My wife’s father was in the Air Force for many years and there are no rates anywhere that can beat USAA’s. Good luck.
March 16, 2011
Also don’t forget discounts for good good grades if you are a student. I receive a decent discount for holding a GPA above a certain point (not sure what it is).
Some insurance companies also offer discounts for taking (and passing) certain driving courses.
March 16, 2011
Nice article but the Bugatti Veyron pictured would be the one car you would not want on your insurance bill!
March 16, 2011
woww..a good info
thx..
March 16, 2011
very helpful…
I preferred to thank you for this good article. http://vids.rationalveracity.com/read_blog/4100/realizing-fake-erina I by all odds liked every little bit of it…
March 16, 2011
Thanks for sharing these & very well explain post. Some thing new to learn from this helpful post.
LIC Housing Finance
March 16, 2011
Thanks so much for the clarification.
That makes total sense. good site.
March 16, 2011
I’m confused about deductables. Isn’t it risky to get a high deductable?
March 16, 2011
Although I designed this site for a UK audience it equally applies to US drivers. As a car enthusiast, I’ve owned some powerful cars in my time, and trying to find car insurance for a good price has always been tricky. I’ve therefore detailed some tips for lowering premiums which I’ve managed to do every year despite owning cars in high insurance groups. Check it out!
March 16, 2011
Hey,
Thanks! Great post you have written on “Four Steps to Cheaper Automobile Insurance”.Really I can say that your post is very informative, I’ll come across your blog again when you will update it with new.
Thanks,
Robin
Sports Cars in India
March 16, 2011
Thanks very nice sharing.
March 16, 2011
nice share