Agent Reveal 8 Discount Auto Insurance Tips
Oct 17th, 2008 by Joseph Welusz
The techniques that follow will increase your chances of discovering discount auto insurance. Some of these ideas you may be able to use other you won’t, but by putting any of them to use will help.
1. Get Multiple Quotes: This alone can be your largest money saver. Each insurance corporation has an individual rating system so check as many companies as possible.
2. Don’t Pay Monthly: Insurance companies surcharge you for making use of a monthly billing cycle. If you can afford to pay in full or two bills per year you will generally pay less yearly.
3. Use Electronic Funds Transfer: By using this method you can save up to 6 dollars per payment that’s a savings of $72 per year if you chose a monthly billing cycle. It’s easy and extremely secure, your funds will be automatically deducted from your banking account.
4. Purchase Your Policy Early: Some companies give out auto insurance discounts if you acquire your policy 7 days prior to when it begins.
5. Credit Scoring: Most large insurance organizations have gone to insurance credit scoring. This takes many more factors into consideration than just your credit score, but your score still makes up a big chunk of it. If you can increase your credit score you will generally pay less. There are organizations that if you refuse to give your social security number they then can’t run a credit analysis. Then they will give you a general rate which might be better if you know you have lousy credit.
6. Take A Class On Drivers Training: The class isn’t usually free but you get an auto insurance discount for up to 3 years. You can take the class again after the three years and the cost of the class is usually less than your first year discount associated with it.
7. Raise Your Current Collision Deductible: You can easily save 100 bucks by raising you deductible from 500 to 1000 dollars, but understand you are now responsible for the first $1000 worth of damage to your vehicle. Your other than Collision deductible( Comprehensive) isn’t worth increasing because the savings would be minimal.
8. Ask About Other Discounts: There are multiple discounts that you might not be receiving. A multiple car, multiple policy, good driver, good student, safety device and many more, so ask to make sure you are getting all the discounts available.
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