Affordable Auto Insurance -- 17 Time-Tested Tips For Paying Less (Pg 2)
So far we've learned 6 useful tips that will help us get affordable auto insurance. Here are six more...7. You will enjoy discounts with a number of insurers for being part of an auto club. Don't let the size of the discount this may offer deter you from going for it if such a club suits you.
8. You will get less expensive rates if you opt to pay your premiums yearly and not monthly. Yes, monthly payments might be more convenient but they are also less affordable.
Each check that is processed attracts a fee. For 12 checks (that is, your monthly premiums) you will have a sum of twelve transactions. This means that you will pay transaction charges 12 times.
There are also administrative costs to your insurance provider that are due to monthly payments. For example, it costs insurance companies millions of dollars annually to mail payment notices.
These and more are then included in your rate thus making it more than if you paid every year.
9. For those who are over 55 years of age, you can take advantage of a drivers' refresher course. Since doing this could give you a discount as high as 10% it's certainly worth considering. You can get details on this from your agent.
10. Those who have more than one car will make huge savings if they insure them all with the same auto insurance provider. It makes sense to insure all your cars with the same insurer unless you get a better deal for some of your cars with another insurer.
Doing some shopping and then checking what you'll save with a multi-vehicle discount is an easy way to be sure if this is in your best interest. But even if you're not inclined to doing some shopping around, you can be sure that you'll still save a bit with a multi-vehicle discount.
11. Take advantage of every opportunity to NOT drive your car as this will reduce your mileage and, by extension, your rate. This applies more to those whose work and location make it easy for them to use the public transit system. Carpooling is also another smart way of reducing your mileage.
12. There are vehicles that cost far more to give adequate auto insurance coverage. So have this on your mind when you shop for your next vehicle. Avoid any car that has a high theft rate and/or a bad crash rating.
Another thing to take into consideration is a car's maintenance cost since it is also an issue that affects your premium. With such diligence you can avoid buying a vehicle that will make you pay much more in extra premiums over time.
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