Auto insurance costs have been rising significantly over the past few years and these burgeoning costs do not seem set to abate any time soon. However, insurance companies have drivers over a barrel because while the car was once considered a luxury it is very much an essential nowadays with trips to work, school, and to do the weekly shopping proving very difficult without one family car. Following are some tips to help you save money on your insurance premiums; some of which you may already use, others we hope will be new to you.
Deductibles
Increase your deductibles. It is a temptation to have no or low deductible values because if you need to claim on your insurance at any point this means that your insurance company will cover the larger portion of the repair bill. However, increasing your deductibles will usually yield a lower premium so it can prove a highly beneficial means of negotiating a better price for your car insurance. The key is finding the perfect balance between the two.
Remove Unnecessary Features
Check policy details and remove anything you don?t really need. Do you really need comprehensive coverage? How about the key cover or windshield protection that you?re unlikely to use? If you?re struggling to make the necessary payment for your insurance then removing elements like these from your policy quote could help you to save enough money and make your policy more affordable. If you already have life, health, and other insurance coverage then duplicating these as part of your auto insurance will be costing you money. Also consider whether you really need auto breakdown coverage because this could be costing you quite a sizeable portion of your insurance premium.
Discounts
Insurance companies may offer discounts in certain circumstances. Low mileage discounts can be achieved, obviously, by using your car less. Consider car-pooling more often. You will also find that your premium will be reduced if you buy a car that is considered to have low risk when it comes to insurance. Some cars are high risk because they are prone to theft and vandalism while others attract higher premiums because they are considered high performance cars.
Multiple Policies
Speak to existing insurers about discounts for buying multiple policies from them. For example, if your home insurance company offers auto insurance they may offer you a discount on both policies if you combine them. Similarly, if you have more than one car, consider combining these and, as well as asking your existing insurance companies, also ask any potential new companies the same questions.
Checking Your Insurance
It is important that you have the right level and type of insurance. Not only does this mean removing any unnecessary elements but it also means ensuring that you do not get carried away in attempting to make savings, leaving yourself with inadequate coverage. For example, if you need motor trade insurance then don?t attempt to drive customer?s cars on a standard auto insurance policy because it could end up costing you a lot more than the difference in insurance premiums would have cost.
LionheartInsurance.co.uk offers a wide range of high quality policies including motor trade insurance. Visit now for competitive prices on suitable quotes.
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Written by admin
Source: http://finance-blog.eu/save-on-auto-insurance/
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