Cheap Car Insurance — The Following Will Get You Bigger Savings

by Chimezirim Gabriel Odimba

Those who have discovered what to do don’t have any problems getting the cheapest rates without compromise to the quality of coverage they enjoy. Read through this article if you would like to join this special group who are paying very low rates while maintaining sufficient coverage…

1. “Pimping your ride” does NOT help if you want lower rates. Things like changing your tires to bigger ones than specified by the manufacturer, adding equipment that will increase your car’s horse-power will cost you a lot more. Any changes to your vehicle takes your rates up.

2. People who do NOT make claims for over 3 years generally attract a special discount for this. But remember that not all carriers offer this discount.

If your insurer is one of those who don’t offer this discount tell them without mincing words that you’ll go to another provider. Believe it or not, every insurer likes having policyholders who stay claims free for this long and you shouldn’t have any difficulty landing better rates with many other insurers.

Most insurers will do everything within their powers to ensure they don’t lose you and this should lead to a concession from them.

Cheap Auto Insurance

3. It’s easy to save a few hundred dollars on a home but lose thousands over the years on auto insurance because of its location. Homes in the same neighborhood may fall under different risk zones as far as your insurer is concerned.

Therefore, take your time to ask your agent what effect your new zip code would have on your rates before you make that down payment. The truth is that most people don’t think about this when they are about buying a home.

Remember, you might live in this home for up to 20 years or more. If its location makes you pay up to $200 more in premium, that will add up to $4,000 within that time frame.

4. If you have collision and/or comprehensive for an old car which is not a classic, then you are spending much more than would do you any good. This is because you are reimbursed based on what is called the Kelly Blue Book value of your vehicle as at when you file a claim. This means that without considering the amount you’ve paid and the length of time you did, you will get absolutely nothing if that book declares the car is not worth anything when you make a claim.

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