Manageable Means to Reduce the Cost of Auto Insurance

Profile Picture
Posted by peter88 from the Automotive category at 05 Aug 2011 01:23:36 pm.
Thumbs up or down
Share this page:
Article Image
Among the numerous costs that come with owning or leasing a vehicle, auto insurance is one that motorists almost universally feel is too expensive. Such consumer concern is one reason for the bevy of auto insurance advertisements on television, with each insurance company seemingly offering lower and lower rates than the competitor whose ad ran two advertisements before.

While it certainly helps to comparison shop when looking for auto insurance, there are several other steps motorists can take that might reduce the cost of auto insurance.

* Maintain good credit. Insurance providers will almost certainly pull an applicant's credit report before providing a policy quote. Many consumers might question how this is relevant, but insurance providers are fully aware that a host of studies have shown there is a direct correlation between a person's credit score and the likelihood that he or she will file a claim. The higher an applicant's credit rating, the less risky that applicant appears, which could translate to a lower rate.

Another reason insurers will examine an applicant's credit history is to know whether or not the applicant will pay on time. Like any business, an insurance company wants to get its money on time, and is likely to offer a lower rate to applicants who have a history of paying bills on time.

* Carefully consider your choice of vehicle. Insurance companies rate vehicles based on make and model. This rating system is comprised of a host of factors, including vehicle cost, safety ratings and history of theft. The Insurance Services Office devised the system, and the higher a vehicle's score is, the higher drivers will pay to insure that car. While the results of the rating system are not public knowledge, drivers can research which cars are most often stolen and which are typically among the most costly to insure. If auto insurance savings are a big enough priority, avoid any vehicles that turn up during that research.

* Drive safely. Nothing is more effective at lowering auto insurance costs than being a safe driver. A driver's first at-fault accident could increase his or her rate by as much as 40 percent, a monumental increase for many motorists but one that can be avoided by simply being a better driver. Even if the rates don't increase by 40 percent, they're going to increase significantly should a driver be found at fault in an accident, so the best thing to do is to drive safely and defensively at all times. Should an accident occur and it's the driver's first accident, consult an insurance agent to see if the company has a forgiveness policy that forgives a driver's first accident. Otherwise one may have to pay the standard post-accident rate increase.

* Avoid installment plans. Installment plans might be necessary, but if they're not it's always best to pay premiums in full. A monthly installment plan often comes with installment fees, which might not seem significant each month but can add up over the course of a year. If installments are unavoidable, try paying in as few installments as possible. Most insurance companies allow for six-month, quarterly or monthly installments. The more frequent the installments, the more fees drivers can expect to pay. If paying in full isn't a possibility, at least try to pay in as few installments as possible to reduce the amount being spent on installment fees.
Auto insurance costs are rarely negotiable. But motorists can take several steps in advance of beginning a policy that can greatly reduce what they pay for their insurance each year.
17 Comments
Comments

Title

Default Profile Picture
The lockstitch is another stitch type that can be used for heavier fabrics. This is a more intricate stitch that is used when even more strength and durability is required. This type of stitch is used for items such as luggage, tents, and other heavy-duty materials. teamsewing.com

Posted by Margretallen at 05 Aug 2011 01:23:36 pm.

higher

Default Profile Picture
The higher an applicant's credit rating, the less risky that applicant appears, which could translate to a lower rate.


Law Offices of Durham and Ng
Posted by katherinerose6 at 09 Mar 2023 05:12:36 pm.

See

Default Profile Picture
Posted by katherinerose6 at 12 Apr 2023 04:16:55 am.

dd

Default Profile Picture
Posted by jameswalterra at 19 Apr 2023 01:43:40 am.

d

Default Profile Picture
Thank you!

suspension repair
Posted by ewffsdcdyssd at 20 Apr 2023 04:16:29 am.

tr

Default Profile Picture
Posted by cadsazzup at 22 Apr 2023 01:50:05 am.

h

Default Profile Picture
Posted by dfvcbaustinwoo at 22 Apr 2023 11:06:28 pm.

great

Default Profile Picture
Great post! I really enjoyed reading it. Keep up the good work.


3951AS LED 3951BS 5-digit 3591AS 7-Segment 3591BS Display
3951AS LED 3951BS 5-digit 3591AS 7-Segment 3591BS Display
Posted by ledledget at 03 Sep 2023 07:44:35 am.

friend

Default Profile Picture
i am seeing new dress for girls
Posted by ahsanrashid at 10 Dec 2023 08:41:30 am.

ladies casual shoes

Default Profile Picture
Checkout our collection of ladies casual shoes with the perfect balance of style and comfort. Our footwear, which ranges from stylish flats to trendy sneakers, is made to keep you comfortable all day long while maintaining your sense of style. Shop now from our extensive selection of women's casual shoes and walk out in effortless style.
Posted by adoroshoes at 19 Dec 2023 12:12:43 pm.

high heels

Default Profile Picture
ECS brings the perfect collection of high heels in Pakistan. With a wide range of shoes, including high heels and wedge heels, we have something for women. So, get your favorite heels today.
Posted by ecs at 20 Dec 2023 09:05:52 am.

sneaker shoes for boys

Default Profile Picture
Borjan gives you the latest collection of sneaker shoes for boys in Pakistan. You can get the sneakers you like. Our women's sneakers help you feel more comfortable and stylish. So, make sure to get quality sneakers from Borjan.
Posted by Borjan at 20 Dec 2023 11:23:24 am.

semi formal dresses pakistani

Default Profile Picture
Shop for the latest semi formal dresses Pakistani by Shahtaj Qaiser. We have gained immense popularity worldwide for semi formal dresses. We offer various fabrics such as cotton, silk, net, and chiffon in different styles, colors, and designs. Buy your favorite dress online today!
Posted by Shahtaj at 20 Dec 2023 11:47:27 am.

Osh State Medical University & Technical Education

Profile Picture
Pursue excellence at Osh University through dynamic graduate courses designed to propel you into the forefront of your field. Join a community of scholars, where innovation and knowledge converge to redefine what's possible in your academic and professional journey.
Posted by oshuniversity at 21 Dec 2023 09:47:12 am.

Thermals Reimagined: Your Go-To Option for Stylish Warmth

Default Profile Picture
With the high neck line from Tempo Garments, you may feel more warm and stylish. Our high neck designs, which are made from high-quality materials, combine style and practicality. Trust Tempo Garments to deliver the ideal balance of comfort and sophistication, making sure you stand out with every ensemble.
Posted by tempogarments at 19 Feb 2024 09:53:24 pm.

Best Hospital in Lahore, Pakistan | Shalamar Hospital & Healthcare Center

Default Profile Picture
Trust Shalamar Hospital for premier psychiatric care with our top psychiatrist in Lahore . We offer advanced treatment and therapy options to address a wide range of mental health concerns.
Posted by shalamarhospital1 at 19 Feb 2024 09:55:59 pm.

Pakistani jewellery online - jewel galore

Default Profile Picture
Explore the epitome of elegance with Jewel Galore's choker necklace collection. Our designs are a harmonious blend of traditional and contemporary, perfect for adding sophistication to your style.
Posted by jewelgalore1 at 19 Feb 2024 09:58:46 pm.
[55]
Beauty
[7617]
Business
[4151]
Computers
[1398]
Education
[23]
Family
[782]
General
[347]
Health
[22]
Law
[7]
Men
[207]
Travel
[1353]
June 2023
[1523]
May 2023
Blog Tags