People save for different purposes. And every purpose has
different means. Everyone is looking for cheapest in every item. Who doesn’t?
Anyone who owns a car usually looks for cheap
car insurance. They were scouting for the best and the cheapest. That’s what all of us need and you should have
if you are driving. It is a necessity that most drivers/car owners hate paying.
Every driver wishes to find and buy the cheapest car
insurance available. They spend hours in the net to search for stores
and compare quotes. Drivers purchase those car protections to protect their
car, to meet the state's insurance requirements, and to be protected if they
are responsible for damages in an accident.
Of course, you are responsible for
your car. If you want to avail low rates for coverage of your car, you should
consider some of these factors: (1) maintain and preserve a clean driving
record; be careful in your driving. If you maintained clean driving record, that
will aid you to reduce premiums/rates.(2) Buy and own a car with lower value.
Owning a regular Sedan is cheaper than insuring a Mercedes Benz. (3) Color your
car silver. Car colour also determines your premium rates. Note that a red car
is more expensive than the silver ones.
These
are just few little things that will help you determine your premium rates.
There are still more, of course, a lot more ways to reduce your premiums. A
little knowledge would not hurt. It is still important to know that doing or
adding few things can drastically reduce your premiums.
You are buying a coverage policy for your car and still want to save
money. You would likely look for a full coverage car insurance.
Hitting the search button on the internet you will surely get thousands
of results. Different company website will offer you this kind of protection.
But you should put in mind that there is really no such thing as full coverage.
It is merely the combination of liability coverage and comprehensive coverage altogether
with collision. So now you are asking, what is liability coverage and
comprehensive coverage?
In actuality, there is no such thing
as cheap car coverage, they are all really expensive. But you can select the
cheapest. It is a necessity that you cannot refuse to buy in order to keep your
vehicle road legal. Well, don’t fuss. It doesn’t have to be so expensive you
will just have to learn a few do’s and don’ts to keep lower premium rate.
Here are some more, (more elaborate)
helpful tips on how to save money on car insurance.
First
things first, Shop around. Don’t decide on the first market you asked. If
you are buying a car, consider the class and model of vehicle you are going to
buy. It can make a big difference. Try to get auto
insurance online. You can save a lot of money if you do. Mostly, people
trust one company and stick with them through thick and thin. However, you can
save more if you try venturing and looking for others. If you are on market for
a car, take note of these few factors:
a.
Safety – Cars who have won vehicle safety
awards are more or less the cheapest, but any finalist would be good.
b.
Theft – Select the vehicle type that you like.
If you are concerned about the price, look for high-value vehicles like Saturn
or Kia and find the model you would want. Although economic cars are not
necessarily stolen less often, they are cheaper to replace. Hotter car, higher
rate.
c.
Price to repair – If you get caught between an
imported vehicle and a domestic one, check for the cost of repair. Most
probably, domestic vehicles are easier to repair than the luxury imported ones.
This is because domestic/economic vehicle parts and services are available
within the area. Foreign luxury car parts are also imported which would cost
much or some of them are yet to order. One more thing to keep in mind is that
used car isn’t always cheaper to insure that is because new cars are safer to
drive.
Get a quote for your targeted vehicle.
Using car
insurance quotes let
you realize how much you will exactly spend on adequate auto coverage. With the spread of internet media,
everything you need is just a click away. So get online and take a car
insurance quote for your vehicle. They are quick and efficient in getting
reliable estimate. Make sure you request quotes from different companies, as
many companies as possible. Check about every six (6) months, to see who has
the cheapest deals for you. Quote results may vary every now and then without
you noticing it. You could be surprise to learn that the company who offers you
the best deal may change in a few months.
What’s next? Get discounts! Never be afraid or ashamed of asking your agent
about the discounts they could offer you and if you qualify. Check your current
policies if they are from one company and if they have any discounts available.
Most companies offer discounts for having multiple policies from them so insure
your home and other properties through the same company so you can have huge
discount.
The
internet offers various ways to know if you are getting the best car
insurance rates. You can also learn which firm can provide you with better rates. How?
a.
Use a car insurance estimator. It is
important to have an estimate to save few dollars which you can still use for
repairs and other fees. Comparing estimates is just a click away. Common mistake
of drivers is accepting high interest rates that are given to them by their coverage
companies because they felt guilty of the accident and tickets. This estimator
allows you to compare estimates between companies and determine how much less
you could pay for these necessary expenses. It also estimates the rate you can
obtain to cover the legal responsibilities with an accident. It protects you
from the risks of the court claim obligations against you. It will assist you
to have the correct coverage to be insured. The estimator will also aid you
with getting discounts if you cover your family and your car in the same
company. Find sites that provide all of the needed information in a single
place rather than visiting all insuring company websites. It will save you
money and time and result will be faster. Significantly, you will find comparing
rates and making adjustments to the level of your coverage rates and the type
of coverage that you would want is effortless on a comparison site. You will
see the updates from all the companies that fit your budget automatically.
b.
Have a car insurance calculator. It is an
ideal tool to use before making a decision for your car coverage policy. It will
only require basic important details about your car and yourself to give exact
quote specific to your needs. The calculator will ask you to provide your
residence. Your place of residence will significantly affect your premium
rates. Drivers who live in the city and busy towns or bustling metropolis are
prone to accidents than drivers who are staying in small towns or rural areas.
This will mean that premiums for city residents will be higher. Coverage firms
also give cheaper rate to residents of rural area because theft cases there are
lower. Information about your car is also needed. You have to provide the make
and model of your car. It will help in determining the market value of your
vehicle leading to exact estimate of your budget. Beside from
location, your premium will also be significantly affected by the number of
times you use your car. The calculator will ask you how often you drive your
car and how far. The more frequent you drive, the more likely that you get into
an accident. If you use your car in your way to work, you are more likely to
pay higher premiums than those who do not. The calculator tool will tell you
how much would you pay in premiums for a chosen policy.
This calculator is available online especially created for customers to
easily compare quotes from one company to another. It is important that you
provide the coverage calculator all necessary details. If you have available
discount, you can also indicate it. For the calculator to work well, do not
leave any essential spaces blank. Base on the information you provide, the
calculator will estimate your premium depending on your car conditions, age,
and of course, your driving history. It
will be useful for you to have comprehensive car insurance comparison. It will enable
you to save more dollars. Most coverage companies are more than happy to offer
you quote online, do your research and check out different insuring companies.
It may take time and effort to find exactly the company and program you want to
invest in, but it will save you money in the long run. Get a lot of quotes to
compare, because one company’s strength could be another’s weakness.
Keep a
good credit record. Many coverage providers rely on credit record
of buyer in identifying the rate of policy they will provide. Your credit
record can be our indicator risk. Coverage companies check on you by your
credit standing. Drivers with high credit record could definitely be given
discounts by coverage firms or agents. A responsible person, you should stay
updated and keeps record of your credit reports and activities. Always pay your
credit cards. The longer your card the higher credit score you can have.
Drive
Safely. Your driving record is one of the very important factors in
keeping premiums affordable. Be careful on the road and if possible avoid
collisions. They can really raise your rates to the limit. Avoid getting
tickets. Your records for speeding and having violations will stay with you for
years, mostly around three (3) years, and it will carry your rate extremely
high.
There are
different factors that affect premium rates especially when it comes to
driving. Different classification of people affects coverage premium. Women are
often offered lower rates. Let us admit that men are a bit careless when it
comes to driving. Even a study shows that males are twice more likely to be
involved in a car accidents that are fatal. They are more likely to have
multiple violations than women. Besides, women tend to drive less often after
dark. They don’t usually engage in risk-taking behaviour, and the accidents
they have are less fatal because they usually follow traffic rules, especially
speed limits. Because of these known knowledge, companies offers cheaper car coverage
for women. It will surprise no one if they learn that premiums
for women drivers are way cheaper than men’s premiums for years. But just like men
do, women don’t always enjoy paying for these premiums as well. Yes, most of
the times they get lower premiums but it usually change when a driver, men or
women, start having bad driving record or owns luxury cars.
Another
factor that affect premium is the driver’s experience. New drivers tend to have
higher premium. Trying to find the cheapest car insurance
for new drivers is acrid and often been tough. New driver
could really have a challenging time acquiring a fantastic price for coverage.
They have to sacrifice and develop a good history to receive great costs. You
have to construct credibility and work hard to be trusted. Affordable policy
for new drivers is difficult simply because they are more likely to engage in
an accident. They are considered a treat
to the road because they lack experience and greatly because they are anxious
to drive. As a new driver you have to show to the companies that you are not a
threat and won’t be a threat. Insuring firms are cautious with new drivers to
give full protection at reasonably priced costs. Some others are sceptical in
insuring new drivers because they could not tract a record or history of the
driver and of course they have nothing to rely on pricing you.
Of course, there are some ways to relieve you
with some rates for your premium. Do not stick up up to the belief that you are
a new driver and you that can do nothing to lessen your costs. Why don’t you
try to attend driving courses? Coverage companies will probably give you
discounts if you have driving course in your record. It will elevate your
driving abilities and awareness on driving rules. Get in touch and acquaint
with good drivers and learn from them. Surf and search cautiously for coverage
companies that offers the most successful insuring policies for new drivers. It
will be a hard but you will surely find a lot of favourable selections. There
are comparison websites that has the the quality to be able to to list down the
kind of coverage you would like.
Another paramount to higher car
premiums is your driving record. Safe drivers usually get discounts for keeping
clean record. It’s never been easy getting cheap car
insurance for convicted drivers. If you have driving violations such as
speeding or DUI for at least for past 3 years or have been in an accident you
are more or less at risk and would face higher and additional surcharge on top
of standard rates. Repetitive violation could end up rejection from protecting
companies. It is apparent because you become an insurable individual. That is
if the violations are major and chargeable. However, minor violations such as
speeding ticket can still boost your rates. You will also be in trouble finding
cheap car insurance for convicted drivers, so it is best to keep safe.
Be liability Insured. Here is a
coverage that will protect you from the cost of accidental damages you cause to
others and their properties. Damages to other people and wreckages to property
by accident will be secured. You have not to worry on that area. Cost of your medical
bills, the generals, special damages and repair of property destroyed in the
accident are covered in this policy. It also entitles you to the cost of
attorney if you are sued for damages. But if you are the cause of the accident,
liability car insurance will not shoulder your own injury and the damage to the
property. It doesn't offer any protection for damages you brought to yourself
and your car. This coverage is usually listed with limits for bodily injury and
property damage. They are usually stated separately but you can still purchase
a combination of the two in a single limit policy that will cover all injuries
and property damage up to the stated maximum.
Why then get collision and comprehensive coverage if damages are
already taken care of by liability coverage? Although this coverage is not required, as owner of your car you
might consider to pay extra money for this coverage in the event of incident.
But if you are leasing your vehicle, you might be required by your financing
company to have this coverage.
After availing of almost all kinds of protection policy and yet
you realize that they are not enough. You are already paying for different
insuring firms for your car protection and yet these companies are still asking
you to pay extra for cheap comprehensive car insurance to cover other risks to your car.
All the other types have limitations and exclusions in coverage, such as fire,
theft or if you hit an animal while driving. Although no states require that
you have this type of comprehensive protection – but you may want to consider
it or need it for other reasons – when you are lending your car and your lender
or leaser requires it. Car owners get protection for car damages caused by
collision, but there are still other problems/incidents that can cause damages
to your car that are unexpected and unavoidable. They are not acquired in
accidents or by other drivers but by nature. Your car could also get in trouble
and be wrecked by animals, a flying golf-ball, and of course by natural
disasters. Who can control and avoid the wrath of Mother Nature? These things
could make a real damage to your exterior and you might want to insure your car
against them.
Maybe you are asking yourself, “why prices for
premiums vary?”
Here are some factors that affect the calculation
of the premiums for everyone.
§
It depends on where
you buy your policy. If you buy directly from the company or agency you will be
able to get a little discount because these companies make independent
decisions about the expenses they incur and the price of their products. Your
rate will only include the cost of the building, maintenance of sales center,
marketing costs and staffing. If you buy from an agent or a broker, you rate
will include the commission paid to the agent/broker for selling the policy.
§
Comprehensive
coverage is greater if your area is prone for flooding, typhoons, tornadoes and
fire. Or maybe there are a lot of animals freely roaming the neighbourhood.
Dogs, deer, raccoons or even birds can be dangerous to your car. Comprehensive
coverage is a necessity if this is your driving range. Premium for coverage
will also rise higher than standard car insurance rates if your residence is near
a golf course, basketball court, football field, or any game area.
Don’t ever, ever commit on having double
coverage. This is the biggest and the most common mistake people make on auto
coverage policies. It will only be a waste of money. You are paying for two
different policies but cover the same problems? That will not do. Say for
example, if you already have family health coverage then you don’t need to have
medical coverage for your car coverage policy. It is important to know your
policy very well. It will definitely prevent you from having double coverage.
More importantly, invest in auto safety
features. Nothing will be lost and it will not hurt. Put on alarms and tracking
devices. They cost a few cents but can help you save hundreds of dollars per
year.
So you see, owning a car is not as simple as you
think. It comes with responsibility. Drive safely, know what you want and what
you need and explore your choices. A few knowledge of something important will
definitely put you on edge of everything.
