Auto insurance Rates ? Don't Pay More for Car Insurance

Auto insurance Rates ? Don?t Pay More for Car Insurance

Article by Gabe Mata

The auto insurance industry is more competitive today than it ever before. This amounts to excellent benefits for consumers, as long as you know how to shop smart and negotiate. Car insurance rates vary depending on the amount of coverage you receive, your driving record, what kind of car you are insuring and any special discounts that you may be eligible for. In order to maximize your savings on your auto insurance rates, be sure to follow these guidelines:

1. Compare Car Insurance Rates Before Buying a New Car

Any savvy shopper knows that the true cost of owning a vehicle goes beyond the amount you pay at the dealership. Certain cars are more expensive to insure. Car insurance providers determine premiums based on the vehicle?s price, its overall safety record, the likelihood of theft and the cost to repair the vehicle. For example, a foreign sports car will have much higher auto insurance rates than a low-key domestic sedan that can be serviced at almost any garage. Factor this into your decision before you buy.

2. Increase your Deductible

Higher deductibles will expose you to greater liability if you are in an at-fault car accident but it will save you money on your monthly premiums. If you can go for several years without an accident, bumping up to a ,000 deductible can easily pay for itself in the long run.

3. Look for Special Discounts

Your situation may qualify you for special auto insurance prices. For example, if you are an infrequent driver, have an excellent driving record or belong to a professional association, you may {{{be able to get a significant reduction in your monthly premium without cutting back on your coverage. Simply ask your auto insurance company if you qualify.

4. Consider Reducing Coverage on Older Cars

All states require that you have a certain amount of auto insurance in order to drive legally. However, if you drive an older car with a low Kelly Blue Book value, then it may not be cost effective to have it fully covered. You can save on monthly costs by reducing your coverage.

5. Shop Around

The absolute best way to find competitive auto insurance rates is to shop around. Even if you already have an auto insurance plan, you may be able to save money by moving to another company. With easy-to-use resources readily available on the web, you can quickly survey the current offers from local auto insurance providers as well as nationwide insurers. In fact, drivers that have gone for years with the same plan are most likely to be overpaying for auto insurance. Seeing what other companies have to offer certainly can?t hurt ? especially if you do it without leaving the house.

About the Author

Gabe Mata is an online insurance quotes specialist. Compare Online Car Insurance Low Rates from Online companies or agent at LocalCarInsurance.net. Your resource for Vehicle Insurance Information.

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Source: http://nasdaq-insurance.com/auto-insurance-rates-dont-pay-more-for-car-insurance.html

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