Best Deal On Auto Insurance

Getting the Best Deal on Auto Insurance



Let your fingers do the walking… Remember that Yellow Pages Ad Campaign?

Excellent advice if you're shopping for auto insurance. Shop around and do it

yearly. Don't just keep paying the invoice over and over without comparison

shopping. Below are a few suggestions to help you get the best deal available

on your automobile insurance policy.



Insurance agents really have a lot of leeway. They can price match and they

can offer many discounts. There are also many decisions you can make about

your policy that will save you a bundle. For example, if you change your

deductible on your collision from a $50 deductible to a $1000 deductible,

you're inline for a huge premium savings. If you don't think you could come

up with $1000 out of pocket, then change it to a $500 deductible; you'll still

save a sizable amount on your annual premium payment.



You can also get more of a savings if you change your comprehensive

deductible. Many people needlessly carry full coverage on their older vehicle.

They originally purchased the vehicle new, paid for full coverage and to this

day, continue to pay the same high rate. Their ten year old vehicle may be

worth $1000 or less, yet they continue to pay $250-$450 every six months

(total $500 to $900 dollars a year) to keep full coverage on their old vehicle.



However, if they have an accident and totaled their vehicle, the insurance

company will only pay them the wholesale value of the vehicle. The amount

they would receive could be $1000 or less. A vehicle that old just needs the

insurance that protects the other person in case of an accident.



Another method to save more on your insurance is by combining your vehicles

and other insurance together to get you additional savings. All insurance

companies offer a multi-car discount (if yours doesn't, it's time to switch

companies). Further, many will discount more if you have your homeowners or

renters policy with them.



There are a few other discounts that you may not be taking advantage of. It

seems obvious, but make sure you are getting the correct rate for your age.

There are discounts for various ages than can save you lots of money. Check

with your agent on this one. Also alarm systems on your vehicle are usually

good for a discount. Additionally, anti-lock brakes and air bags can also help

lower your premiums.



Don't just keep paying the invoice when it comes in. Your insurance bill should

be an automatic trigger for you to make a few phone calls to see if you can

save even more money on your auto insurance premiums.