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How To Get Cheap Auto Insurance Having auto insurance is mandatory throughout the country, but for many drivers the cost of auto insurance is far too high to be affordable. However, driving without insurance can lead to the imposition of fines, which is not an uncommon occurrence, given that many motorists are stopped by police officers for minor driving infractions like driving with a broken tail light. More seriously, if you were to cause an accident while driving without insurance, you would be personally liable for any damage caused to the other driver’s vehicle as well as their medical costs and any litigation fees. Given these potential pitfalls, it is undeniably better to purchase an auto insurance policy rather than risk driving without one. And thankfully, it is possible to get cheap auto insurance if you know what to look for. Combine Insurance Policies: Most major insurance companies offer clients a discount on their auto insurance policy if they bundle it with their home and life insurance policies. Look into your current home insurance provider’s rates for auto insurance. If you have multiple policies with different carriers, consider moving all of them to the same insurance provider in order to qualify for discounts on all your policies, including your auto policy. If you have multiple cars, you could save considerably by combining your vehicle coverage with a multi-car discount which most major insurers offer. Look for discounts: Keep your eyes open for all the discounts you can get. Many providers offer good student discounts for teenagers and college students. Senior citizens are also eligible for a variety of discounts including a low mileage discount for those who drive infrequently, a mature driver discount available to drivers who are at least 65 years old, and a mature driver training discount for those who have taken defensive driving training. Indeed, any driver, regardless of their age, can qualify for cheap auto insurance by passing a certified defensive driving course. Discounts are also available to customers who pay their annual premium in full rather than dividing it into a series of monthly payments. Stay in Good Standing: By far, the best way to get cheap auto insurance is to ensure that you stay in good standing as far as your driving record goes. Having a clean driving record, free of tickets for traffic violations and accidents, indicates to insurers that you are a low risk customer and as a result, your premiums will be lower. It is also important to keep your credit rating in good standing as insurers do consider your credit score when determining your auto insurance rates with the goal of assessing your financial stability. Tailor your Coverage: A good option for those who are looking for cheap auto insurance is to tailor the coverage they buy. If you drive an older car, all you need to get is basic coverage and liability insurance. If you were to get into an accident, the cost of repairing the vehicle could easily be far more than the value of the vehicle. In such cases, paying for an expensive auto policy would be akin to pouring money down the drain. Cast a Wide Net: Take the time to comparison shop before you settle on any one insurer. Different insurers offer different rates and assess risk differently as well. You might be surprised to find that while one insurer offers you an exorbitant rate, others will offer you a more reasonable premium. Never make a final decision until you know what all your options are.
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How To Get Cheap Auto Insurance Having auto insurance is mandatory throughout the country, but for many drivers the cost of auto insurance is far too high to be affordable. However, driving without insurance can lead to the imposition of fines, which is not an uncommon occurrence, given that many motorists are stopped by police officers for minor driving infractions like driving with a broken tail light. More seriously, if you were to cause an accident while driving without insurance, you would be personally liable for any damage caused to the other driver’s vehicle as well as their medical costs and any litigation fees. Given these potential pitfalls, it is undeniably better to purchase an auto insurance policy rather than risk driving without one. And thankfully, it is possible to get cheap auto insurance if you know what to look for. Combine Insurance Policies: Most major insurance companies offer clients a discount on their auto insurance policy if they bundle it with their home and life insurance policies. Look into your current home insurance provider’s rates for auto insurance. If you have multiple policies with different carriers, consider moving all of them to the same insurance provider in order to qualify for discounts on all your policies, including your auto policy. If you have multiple cars, you could save considerably by combining your vehicle coverage with a multi-car discount which most major insurers offer. Look for discounts: Keep your eyes open for all the discounts you can get. Many providers offer good student discounts for teenagers and college students. Senior citizens are also eligible for a variety of discounts including a low mileage discount for those who drive infrequently, a mature driver discount available to drivers who are at least 65 years old, and a mature driver training discount for those who have taken defensive driving training. Indeed, any driver, regardless of their age, can qualify for cheap auto insurance by passing a certified defensive driving course. Discounts are also available to customers who pay their annual premium in full rather than dividing it into a series of monthly payments. Stay in Good Standing: By far, the best way to get cheap auto insurance is to ensure that you stay in good standing as far as your driving record goes. Having a clean driving record, free of tickets for traffic violations and accidents, indicates to insurers that you are a low risk customer and as a result, your premiums will be lower. It is also important to keep your credit rating in good standing as insurers do consider your credit score when determining your auto insurance rates with the goal of assessing your financial stability. Tailor your Coverage: A good option for those who are looking for cheap auto insurance is to tailor the coverage they buy. If you drive an older car, all you need to get is basic coverage and liability insurance. If you were to get into an accident, the cost of repairing the vehicle could easily be far more than the value of the vehicle. In such cases, paying for an expensive auto policy would be akin to pouring money down the drain. Cast a Wide Net: Take the time to comparison shop before you settle on any one insurer. Different insurers offer different rates and assess risk differently as well. You might be surprised to find that while one insurer offers you an exorbitant rate, others will offer you a more reasonable premium. Never make a final decision until you know what all your options are.
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Home Savings and Loans
Copyright homesavingsand-loan.com 2011 About   Contact   Terms   Privacy