About Saving Money on Auto Insurance

— When in the market for a policy, shop around and get multiple quotes from different companies. Try and get a minimum of three quotes.

— Every year, you should compare your current auto insurance coverage and rates with those that are being offered by competing companies. It is very possible that you can find a plan that is less expensive, offering the same coverage.

— You can lower your auto insurance costs by taking a defensive driving course. Taking a defensive driving course will also allow you to take points received as a result of tickets off of your license. Everyone in the family that is on the auto insurance plan, including kids, should take a defensive driving course every year.

— Do you have a clean license? Meaning, do you have tickets? You will be entitled to discounts if you have a clean license or if you license is cleaner than it has been in the past. There is no harm in asking your carrier to go over your personal information to see if you rates can be reduced as a result of your good driving record.
— If your household has several cars, you should look to insure them all under the same policy. Insuring more than one car entitles to you discounts.

— If possible, try and utilize the same insurance carrier for your home and auto coverage. Doing so will allow you to receive discounted rates for both policies.

— Are you paying your premium monthly or annually? Discounts will likely be given to those that pay their premium in one lump payment as opposed to 12, 6 or any other increment.

— Any type of safety feature will result in discounts for auto insurance premiums. Anti-theft alarm systems, anti-lock breaks and air-bags are all examples of features that will result in lower rates.

— Every year, go over your auto insurance coverage and make sure that you are not overlapping your coverage. Meaning, if you already have health insurance coverage, don’t buy personal injury protection auto coverage.

Automobile Insurance

To protect your own interests, you need to do your own research and come up with your own plan. Then, take what the agent tells you and filter it through what you’ve already learned. This is definitely a situation where being informed can save you a lot of money.

Doing this kind of research is really easy today. Just get on the Internet, go on over to Google and start looking. There are thousands of insurance agents all over the country with websites. And each of them has filled their site with information designed to help you understand what insurance coverage is available and what all the industry terms mean.

The first auto insurance coverage you should look at is the liability coverage. In most states this also includes bodily injury. Almost all states have required minimums for this type of coverage. But are those minimums right for you? Only you can decide.

Choosing the minimum coverage will save you money up front in premiums, but what if there ever was an accident? Could you afford it? Once your coverage levels are maxed out, the insurance company stops paying and you’re responsible to take over the financial obligations. This means that if you or someone that you injure has ongoing medical issues, once your coverage limit has been reached, the insurance company will stop paying the bills. You’ll then be responsible. Are you in a financial situation where you can handle that? Even if you are, is that what you want to be spending your money on?

My advice is to get the prices from your agent on the different levels of liability coverage. Then see what fits into your budget. Usually the premium prices are not that much more each month for what can be a sizeable difference in coverage limits.

So you can see why you shouldn’t just go with the minimums because they’re cheaper. Get the numbers, do the research, get advice from your agent – then make your decision. Find the limit that makes you feel most comfortable.

Info of Auto Insurance Companies

It is very easy to shop around for a new auto insurance company, since most company websites offer you instant quotes and deals online and give their contact details for further information. You should look for qualities like good customer service, agent commitment and availability, and stability of the company, when you shop for an auto insurance company. Any good company will have a rating by A. M Best or Standard & Poor. Once you find a quote that suits you, and buy a policy, you have to cancel your old one, but only after the new policy is in effect.

GEICO is an auto insurance company which strives for customer satisfaction 7 days a week and round the clock. From its inception in 1936, the company has more than 10 million vehicle policies for 6 million policyholders. You can get online quotes and choose a policy from the website of this company, which has been ranked 4th among the private-passenger auto insurance companies in the United States, by A. M Best.

Or you can go to Allstate insurance, which has got a clientele of more than 17 million for every kind of insurance. They have auto insurance coverage for liabilities and property. Liability covers accidents caused by you, by others who are underinsured, and your medical payments during accidents, while property coverage will provide for repairs after an accident. From Allstate, you can also get reasonable discounts on your premiums and policies, like student discounts, senior citizen discounts and premier plus discounts.

About Accident Forgiveness

Traffic accidents, misdemeanors and other circumstances also tack unwanted points onto your record as well. Not only is your DMV record affected by these points, but your car insurance company also raises your monthly premiums for every point you acquire. Needless to say, nobody desires a bad driving record. In fact, some insurance companies reward good drivers with an insurance discount called Accident Forgiveness. When this discount comes into play, drivers who have not been in a traffic accident in over 5 years are allowed a little slack.

This means that if you’ve been insured with a specific insurance company for 5 years without a lapse in coverage and without involvement in any traffic accidents and you happen to get into one after this 5 year period, your insurance rates will not be affected by this crash. Not every auto insurance company will offer this discount so make sure your insurance provider is a supporter of this specific discount if you’re shopping for a new plan.

You can use a list of discounts to help your search for a new car insurance company. Having a list of pre-qualified discounts for yourself is a very useful tool in saving cash on your monthly premiums if you’re in the market for a new plan.