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More than likely your are paying too much for your car insurance. There is a good chance you can get a better rate from another insurance company than you can from your current insurer. With the widespread use of the internet insurance rates have become much more competitive with the ease of shopping for lower rates, research coverage and premiums. However recent studies show that most people don't shop around for car insurance they way they do while shopping for a car and most stay with their current provider without researching options. Break the trend and take advantage of the web to save yourself money and at times get better coverage in the process.
Here's some ways to save money on car insurance:
Know what discounts you qualify for
Occupations of low risk
Insurance adjusters collect data on what occupations get into the most and least amount of accidents. You can use this information to your advantage. When getting quotes for car insurance, be sure to mention what industry you work in and request discounts for you industry.
Affiliation with organizations and auto clubs
Insurance, like hotels, at times will offer discounts if you have and affiliation with and organization like AAA. Ask the insurance agent when inquiring about rates for affiliate discounts. Also be sure to ask your employer if the company offers any sort of group rate.
You can also save money on your car insurance by using the same insurance company to insure your house, boat, motorcycle, etc. as you do to insure your car. Many times this can save you not only on your car insurance but also on your homeowners and other items that you insure with the company.
Auto Safety Feature Discounts
Having auto safety features on your vehicle can save money on your car insurance as well. On the top of the list is anti-lock brakes, other items include automatic seatbelts and airbags. Mention these items while getting an estimate and request the discounts for them.
Assuming more financial risk
If you are a safe and responsible driver odds are in favor of nothing happening. This is of course how insurance companies make their money. By increasing your deductible, the expenses that you will be responsible for in an accident of your fault, you can greatly decrease you rates. So if you have a deductible of $500 and there is an accident that costs $2000, you are responsible for $500 and the insurance company pays the remaining $1500. By increasing your deductible to $1000, your are still protected the responsibility of huge expenses but you can save as much as 30% on your monthly rate.
Research insurance rates before purchasing a car
Every car has different insurance rates - more expensive cars, newer cars and sports cars are much more to insure than economy and utilitarian vehicles. This is why it is so important to request insurance quotes before purchasing a vehicle.