With the right tips you’ll get cheaper rates for sufficient coverage. But on the other hand, if you get the wrong tips, although you may still save, you will do so by sacrificing the level of coverage you’ll enjoy. I will, nevertheless, only give tips that will help you save much while you still keep enjoying sufficient coverage…
1. There is something called the “good driver discount.” It’s for policyholders who have not made a claim for 3 years and above. Some insurers may not present this discount without some pressure.
If your insurance carrier is one of the few who don’t give this discount tell them without mincing words that you will go to another insurance carrier. Believe it or not, every insurance company likes having policyholders who stay claims free for this long and you shouldn’t have any difficulty getting lower rates with a host of other providers.
Almost all insurance carriers will do everything possible to make sure they don’t lose a prized policyholder and this will likely draw a concession from them.
2. Drive as little as possible since it will reduce your mileage and get you a low mileage discount. This is relevant more to folks whose occupation and place of residence make it easy for them to use standard mass transit systems.
Joining a carpool is also another great way of bringing down your mileage.
3. Many insurance providers give a retiree discount. The obvious logic for this discount is that retirees usually drive less. Driving less will lead to lower mileage which certainly makes you a better risk.
This savings option is definitely not one any retiree should ignore. You can learn more about eligibility requirements from your agent. Even if you don’t call it a retiree discount, registering a remarkable reduction in mileage is recommended. Except where the drop in your mileage isn’t big enough, you should look for another insurer if you don’t get a discount.
4. Features like automatic gas cut-off, alarms and other anti-theft appliances are helpful. They usually make you eligible for a discount for the obvious argument that they make it less probable that you vehicle will be stolen. Cars that don’t have those features are preferred targets for car thieves.
5. You’ll spend far more on car insurance if you stay in New York City than you would if you lived in some sparsely populated area. It is advisable to buy your home in a lightly populated area if it fits your circumstance because the probability of vandalism, theft or an auto accident is far less.
6. Make sure your auto insurance policy is never allowed to lapse no matter what.. It will make you pay expensive premiums for a long time. It’s easy for this to happen to some people as they are switching to another insurance provider.
Don’t terminate your old policy until the new one is fully operational and you’ll not make this costly mistake. As simple as this may seem, many people are bearing the weight of higher rates because of this silly little oversight.
7. Do you have a car you’ve not driven in months? Do you have a car that you’ve just forgotten about because of the headaches it gives you or something? Is this car still on your auto insurance policy or have you removed it?
The painful reality is that more people than you could imagine are paying higher rates than they should because of such negligence. Don’t make this mistake.
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