It’s easy to get very cheap quotes and pay much less for adequate coverage once you understand what to do. Read through this article if you want to join this elite group who are paying a lot less while maintaining the right coverage…

1. You’ll get lower premiums if you pay by Electronic Funds Transfer (EFT). This process authorizes your bank to credit your insurance provider with your premiums without any intervention from you until you stipulate to the contrary. This saves your insurer in many ways including removing the cost of sending payment notices and the cost of processing checks. An insurance carrier passes part of what they save to you by offering you a lower premium.      

2. It’s a known fact that young drivers attract high rates. More so, the younger an under-25 driver, the more they’d have to pay. That is why teenagers pay a lot more than 22-year olds.

So you’ll do well to NOT place your teenage driver on your policy. It will have an adverse effect on your rate. Sign an exclusion form that will allow your teen driver have his or her own policy.

It’s a fair price for them to pay to enjoy the adult privilege of driving. An addition argument in favor of this is that your teen will be more willing to take measures to reduce what he or she pays. Your teen will also be safer as the steps that will bring down his/her rates will make her a more responsible behind wheels.

Get inexpensive car insurance for teens.

3. You’ll save by being loyal to an insurer due to the long term discount and accident forgiveness which they give to long-standing policy holders. Most insurers will give you a discount of about 5% if you stay with them for up to five years (some will give you once you stay for up to three. 

The accident forgiveness discount means that your insurer will not raise your rates if you file just one claim. It makes sense for the insurer as it is cheaper to give discounts to existing policy holders than to acquire new ones.

Just bear in mind that some people will be better off if they switched to another insurer notwithstanding the many discounts given to long term policy holders.

4. There are useful extras and there are those that do nothing but just inflate your rate. A good example of the later is adding a towing service to your policy. Have you checked to see if your credit card doesn’t already offer this as added value?

Even if this is not the case with your credit card company, you’ll still get better service and save more if you exclude towing from your policy and you a dedicated towing company instead.

5. Don’t make the mistake of parking your car in places where it won’t be safe. This means that you have to do all within your power to NOT park your car in a red light district. I hope you also know that you’ll pay less if you have a garage for your car.

And, lest I forget, if you drive out in the night do your best to have your car parked in a well-lit area. That will deter thieves.  It’s certainly not a good idea to leave your car in the open street all through the night.

6. You might save some hundreds of dollars by just receiving and evaluating quotes from about five quotes sites. And, it will take you just about 25 minutes on the whole.

Cheap auto car insurance

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