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Thursday, October 4, 2012

How to Reduce Your Car Insurance Bill



Every car owner must purchase auto insurance as required by state laws. Start by getting auto insurance quotes from several companies. You may be surprised at the savings you can achieve simply by shopping around for affordable car insurance. And only take the insurance coverages that you are required to take by state law and by the lending or leasing company you used to purchase your vehicle.

One of the best ways to save money is to take an approved defensive driving class. They are usually six hours and many states allow you to take them online. They give you valuable information to improve your ability to drive safely and they ask you to answer questions so that you can learn. you submit your course completion certificate to your car insurance company, you will receive a substantial reduction on your rates.


Another important way to save money on your auto insurance is to manage your deductibles in a way that makes sense to you. Your automobile financer will require that you take out collision insurance. This protects you if your car is hit and there is no one to go after. It also allows you to be paid by your insurance company for repairs while you are waiting for the other driver's insurance company to settle the claim. Most finance companies require a maximum of $1,000 deductible. This means that you are responsible for the first $1,000 in repairs and that your carrier will pay the rest. If you opt for $500 deductible, you will pay substantially higher premiums but you will only be responsible for the first $500 in damages. The bottom line is to select the highest deductible that you are allowed and that makes you comfortable.


You can minimize your premiums by being a good and lawful driver. Convictions can add penalties to your premiums as the insurance company will perceive you as a higher risk. And lastly, try to manage your credit so that you remain in the top tier.


This was a guest post with links, all links have been removed. 
 

2 comments:

texas defensive driving class said...

Taking the approved defense driving course is the surest way. It's easy to comply with and it's really not that a hassle. I'm taking the courses right now and it's really fun.

vehicle transport said...

Good post. I would also suggest something here. Go for cheaper car insurance policies from car shippers as they have good packages too.

Regards

.A-

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