Best Car Insurance Rates – 5 Tips to Slash Your Premium

If your household budget has been cut to the bone, you may be shopping to find the best car insurance rates available. There is no question that a carefully planned insurance strategy, coupled with a handful of quotes from competing insurance companies, can lower your car insurance rates by a few hundred dollars — or enough to cover one of your monthly car payments! So how do you plan the ideal car insurance strategy? The following five tips are a great place to start.

1. Avoid getting caught with a lapsed policy. As soon as your policy expires, you fall into the uninsured category of car insurance buyers. This means you will have a harder time getting insurance and are likely to get charged up to 20% more than somebody who has a steady history of insurance coverage. So shop for car insurance rates 30 days before your policy expires. This also provides you extra time to find and compare the best car insurance rates.

2. Pay your premium in full. If you pay your car insurance premiums on an installment plan, your premium probably has a finance charge built into the cost. Some companies charge $15-20 for the privilege of carrying a few hundred dollars for 90 days. In that case, you may actually save money by charging your premium on your credit card. Also, ask your car insurance carrier if they offer a fast payment discount. Some companies actually provide a discount if you pay your full premium within 10 days.

3. Think twice about first accident forgiveness. You already know that there is no such thing as a free lunch — the same is true of car insurance. You may actually be paying a higher upfront premium for the privilege of avoiding that first accident, but why pay for something that has not happened yet? Ask your insurance company what that same policy would cost without the first accident forgiveness. You might be better off without it.

4. Install an alarm or vehicle recovery system. Anything you can do to reduce the chance of theft is going to reduce your car insurance premium, by as much as 10%. Insurance companies know which alarms work best and they value vehicle recovery systems the most. The system and installation can be fairly pricey, but they pay for themselves based on the premium discount. Ask your agent about the discount and then shop for a reputable system. Some name brands are LoJack, VehicleRECOVER, Mobileguardian, or GM’s OnStar.

5. Shop online for multiple car insurance quotes. The truth is — competition breeds lower prices. With so many car insurance companies begging for your business, it only makes sense to compare as many of them as possible. The old fashioned way was to use a phone and yellow note pad, but that can get time consuming and confusing. These days, shopping for the best car insurance rates is easy. There are a number of online quote services that allow consumers to get multiple car insurance quotes just by filling out one form.

How to Get the Best Car Insurance Rates?

Before the World Wide Web era, people got their car insurance in the traditional way by using insurance agencies. They paid for the policy whatever amount their insurance company charged them. They had no choice, as car insurance was required by law. Comparing insurance quotes among insurers was not convenient either back then. Luckily, those days are long gone. With the information about insurance companies you can find over the Web, you can now make a better decision on choosing car insurance company that offers you the best insurance rate.

Nowadays, you can search for most information over the Web, which allows you to be able to search for insurance coverage that you want much easier. Even though, there are so many insurers out there to choose from, but the World Wide Web makes your life easier. Of course, it still requires some of your time to find the one that offers the coverage and rate that you want. But it’s worth it, considering how much money you can save. So, to get the best insurance rate, all you need to do is go through several insurance providers’ websites and request an insurance quote using the instant online form provided by each provider. This process is easy, fast, and very convenient. You can request for the quote without talking to an agent, which this will help you get the best possible insurance rate because you don’t have to pay for commission.

In addition, you should do some research about companies by asking your friends and family how much they pay for their insurance. This information will give you some idea about the companies. Plus, do some research about companies over the Web. This process can be time consuming, but to get the best possible rate, you have to be patient. After you get all the quotes from different companies combining with information you learn about from each company, you then compare companies’ information and their quotes. And finally, you can choose the best car insurance rate that fits your lifestyle.

For those who always use an agent to get insurance. This might be the right time to change the way you obtain insurance. Now you know how easy it is, allocate your time to search for the best car insurance rates that you deserve by using the method mentioned above. Even if you already have coverage, it does not hurt to check it out, as you might be able to even get a better insurance rate than before.

How to Get The Best Car Insurance Rates for Teenagers

Car insurance for teenagers tends to be expensive. This is because young drivers who are under 20 years age are statistically more likely to be involved in a car accident than adults. Since the risk is much greater, it is no wonder why teenage drivers are expensive to insure. Insurance companies also take into account other factors such as gender and location. Studies also show that boys are more likely to practice dangerous driving habits than girls, hence premium rates for teenage boys are usually higher than teenage girls. If you want to have your car insured, both you and your parents need to know the ways to get the best car insurance rates for teenagers.

First of all, you need to obtain an advanced driving or Pass Plus certificate from an accredited driving school. By having the certificate, you are entitled to a ten to twenty percent discount on your auto insurance rates. You also need to keep in mind that the smaller the car, the cheaper the rates. A smaller car has a smaller engine and therefore it is cheaper to insure. An older car is also less likely to be involved in a car crash since it might not be able to run really fast, unlike new sports cars that teenage drivers can use for high speed driving. As a result, most insurance companies also give lower rates for older cars. You should also keep your driving record as clean as possible. You need to have a good record in order to get lower rates. The fewer accidents and parking tickets you have, the lower the premium rates. Another common practice is to increase your excess. You have the option of increasing the excess payments on your policy to keep your premium payments lower. Last but not least, you should compare insurance quotes to find the insurance company that provides the best rates for teenagers. There are many websites that offer quote comparison services, so you do not have to contact each and every insurance company individually.

Those are some of the best ways to get cheap car insurance rates for teenagers. Of course there are factors that are beyond your control, such as gender and location. However, you can focus on the things you can control, such as your driving habits and the vehicle that you own. By following the tips given above, hopefully you will be able to get lower premium rates.

10 People Who Have the Best Car Insurance Rates

Buying a new car insurance policy is not easy. You have to consider how much coverage you want and what kind of protection you need. If you’re wondering what kind of people get the lowest insurance rates and why here’s an interesting list of people. Find out whether you fit into any one of these categories and how can you be that person who enjoys more coverage at the best rates!

1. Mr. Mature: Thousands of women and men world over are busy getting face-lifts and all kinds of implants to make themselves look younger but growing old has its benefits when it comes to car insurance. Statistics show that individuals under the age of 25 take more risks while driving and so their insurance rates are higher. But older drivers are more careful and mature, so their car insurance rates drop.

2. Mr. Turtle: People who consistently drive slowly will get themselves into fewer accidents because they take time to make safer driving decisions. It might just be time to refuse to race your college buddy down an empty street. You will get fewer speeding tickets and keep a clean driving record. All these factors are taken into account when an insurance company decides your insurance rate.

3. Mr. Fix it Yourself: For those times you do get into an accident, as much as possible, try to foot the bill or fix it yourself. The fewer insurance claims you make, the lower your rates will be because the insurance company’s records will not show a higher accident rate for you. It goes without saying, don’t shy from using your car insurance when you do need it-that’s why you’re paying for it.

4. Mr. Stone Cold Sober: The one sure way to get a terrible record and be labeled a risky driver is by getting a couple of DUIs. This doesn’t mean not drinking at all but make sure you don’t drive to a pub when you plan on drinking and don’t have a sober friend to drive you back home. Three out of ten Americans get into at least one alcohol-related accident in their lifetime. That means that using alcohol responsibly can not only give you the best car insurance rates but also save your life.

5. Mr. Good Credit: The way you use your money reflects whether you are a risk-taker. Shopping sprees that last for days running on credit will not help your reputation but paying your credit card bills on time will give you good credit. This is a habit that the best of us slip up with but one that benefits in so many ways because good credit is one of life’s greatest blessings.

6. Suburban Dweller: Living in a safer neighborhood has some hidden advantages. The location of your house tells your car insurance company whether your vehicle is more prone to be stolen or vandalized or whether it is likely to be safer. You will get cheap car insurance quotes if you live in the suburbs rather than the inner city or neighborhoods where the crime rate is higher than other areas.

7. Mr. Mix and Match: If you’re planning on buying a house and need to buy insurance, try combining your car insurance with it. Grouping your various insurances together will give you better rates for all of them.

8. Master Bookworm: If your child is a senior in high school or a college freshman, getting good grades will make a huge difference in your car insurance rates. Most car insurance companies will give a discount if your GPA is above 3.0. So being a book-worm doesn’t just pay off after college, it’s also great to reduce the money you shell out for car insurance while still in college.

9. Mr. Cautious: Installing car alarms and air bags in your vehicle can make the world of a difference in your insurance rates. They make your car less likely to be stolen or severely damaged in an accident. That’s why insurance companies will often give discounts just because you make driving safer for yourself.

10. The Misses: Statistics show that there are more men drivers than women drivers which mean that most accidents would involve men. Even though the number of women drivers is steadily increasing, the number of women is still lower and they therefore get lower insurance rates.

These 10 factors make a huge difference when you’re comparing car insurance quotes online. Find out which companies give greater discounts in these categories before choosing your insurance. Furthermore, there are things that you can’t change about yourself like your age or gender but remember that you can maintain a clean driving record and a good credit score anytime.