Cheap Auto Insurance

Only by shopping around for auto insurance coverage and getting quotes on premiums from several insurance companies will you be able to know for certain you are getting the lowest price for auto insurance. Be sure to compare like with like. Cheap car insurance should not mean little or no insurance, or bad insurance. Ask about how insurance claims are approved and processed, and how quickly they're paid. Look into each insurers' financial stability (there are independent rating services that can help you with this).

Insurance companies like market share, and in order to increase or maintain their market share many companies offer discounts to drivers. You might be eligible for a discount if you have a good driving record or if you have taken a ‘Defensive Driver Training Program'. There may be discounts available for antitheft or other safety devices on the car. Most companies offer low mileage discounts.

Here are some tips on securing cheap auto insurance:

There are many discounts that are available to motorist that many people are unaware of. These discounts are offered by all major auto insurance companies. The following are ways to help lower auto insurance yearly premium prices:

Defensive Driving Courses aren't just for beginner drivers or for motorist who use their own vehicles for their occupation. There are actually auto insurance companies that give motorist discounts for participating in driving courses. The reason for the discount is to help improve a persons driving habits and increases awareness which prevents accidents.

There are still companies in the market that offer long time customers discounts on auto insurance yearly premium prices. This is known as a loyalty discount.

Having a vehicle with all the proven safety features such as anti-lock brakes can help one save money. Some companies offer discounts to motorists whose vehicles are equipped with special features such as automatic seat belts.

Having a car alarm and other anti-theft devices that help prevent a car owners' vehicle from being stolen will be eligible for lower auto insurance yearly premium prices.

Here are some tips on getting cheap auto insurance:

Know your state's auto insurance requirements:

Most states require you to carry a minimum amount of liability coverage - coverage that pays for damages if you are at fault in an accident. Many states have "no-fault" auto insurance systems. Coverage for medical costs for you and your passengers is optional in some states. Coverage for damage to your car is optional. Ask the providers who give you the auto insurance quotes about your state's requirements, if you are unclear.

Write up your personal auto insurance profile:

List pertinent information concerning what type of vehicle you drive, where you drive, who else drives, what your driving record is, where you live, and what optional safety features your car has. This profile will make the next step easier.

Read and understand your policy:

Yes, read the fine print! Ask questions. Keep your policy at hand. Call your insurer to keep your policy up-to-date, inform your agent of any changes (new car, new job, new driver, etc.), and ask periodically about any possible discounts. Review your policy yearly with your insurer. It's also good to periodically search for cheap auto insurance quotes online. For the most part it's fast and free.

Valik writes about his cheap auto insurance:

I save almost 75% on my policy by simply having an alternative plan. My policy with Progressive auto insurance company is a simple liability only policy. It will cover the damage of personal property of the other party in an accident. It will also cover medical bills for any injuries of the other party. The way I set it up is, I will get nothing in the event of an accident. The repairs will not be paid for by the insurance company, I will have to pay for it my self. I have had a few accidents in my past and they were minor. Knowing how to repair my own car ofcourse helped but it is not necessary. You simply need to have a plan. First you need to put away from $3000 to $5000 onto savings as your own insurance. I personally think $2000 to $3000 should be plenty. You can also use a credit card if you need to but it's better to have cash available.

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Cheap Auto Insurance