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Tips To Get Cheaper Auto Insurance Rates

Find great insurance rates by working with insurance companies and using the advice you get here. Insurance companies take many different factors into account to determine which drivers get good rates and which drivers get not-so-good rates.

You can reduce the cost of your auto insurance premium by driving less per year. Auto insurance companies generally offer discounts on your premium depending on how little you drive.

A common misconception is that your car insurance company will give you a reduced rate once you hit the age of 25. However, the truth is that rates slowly decrease from the time a driver turns 18 years old, as long as he or she maintains a clean driving record.

When signing up for your auto insurance, remember that only you are covered unless you specifically add others to your policy. Often times, what can happen is this; a person will allow someone else to drive their car. If an accident occurs, the insurance company won’t pay the claim. You would have to pay more to cover other drivers using your car.

Think twice before adding any kind of accessories to your car. Luxuries in your vehicle, while nice, are not a necessity. Insurance companies will not pay for the damage or loss of any of these types of items.

Property damage liability is a very important thing to include in your auto insurance policy. This way you know that you will be covered when damage is caused by your vehicle in an accident. The majority of states require drivers to carry this coverage. This sort of insurance will protect you if you are involved in a crash.

If you have car insurance, you should have a good driving record. Car accidents are the number one thing to raise your insurance rates. Stay aware of your limits and capabilities as a driver, and keep away from risky driving situations. If you have poor night-vision, then avoid driving at night.

Even if you may get insurance through a different provider, do not end the policy you current have until you have committed to that other company. You do not want to be without car insurance, even if it is just for a couple of days.

Try to get your life, home and auto insurance from the same company. You may qualify for a discount. You should talk to your agent about insuring your home and car together. A bundled insurance package does not always offer the best coverage and you should be sure to select plans that offer you a good price for good coverage for both your home and car.

It is not a good idea to buy your teenager a car. Let your teenagers use a shared family car. Having them on your current insurance plan will save you money. If your teen consistently gets on the academic honor roll at school, they can get a discount on car insurance.

Insurance Companies

Insurance companies differ and offer a wide variety of services and rate differentials. Check with several other insurance companies if you are given a quote you don’t like, since they will probably offer different prices.

Driver who put fewer than 7500 miles on their car per year often receive generous discounts. If you’re able to cut back on driving by carpooling or using public transportation, your insurance rates just might benefit.

Before you choose a new car, think about the impact on your insurance premiums. Don’t forget that insurers have a more favorable view of safer cars. Sports cars tend not to be viewed in the same light. Be sure to incorporate this expense into the budgeting for your car expenses.

Think about paying for your whole insurance policy at once. Many insurance agencies tack on a service charge if you want to pay in monthly installments. Start putting money aside for the next time you renew your policy so that you can pay for the whole premium at once and pocket the savings.

Credit Ratings

People who have higher FICO credit ratings are often able to save money on their car insurance. It’s amazing to think that any insurance company would check your credit at all! Studies have indicated that those with poor credit are at a greater risk of having an accident, so insurers have begun to incorporate credit ratings into the formula they use for determining the price of your policy. Your insurance policy rates will remain lower if your credit is in decent shape.

So as you can see, getting affordable car insurance doesn’t have to be an impossible quest. With the proper information in hand, it is possible to lower your insurance premiums.