Car insurance > The Top 8 Ways to Save a Ton of Money on Your Auto Insurance

The Top 8 Ways to Save a Ton of Money on Your Auto Insurance

by: Matthew Keith

We all hate doing it, but it's something that we all must do at one time or another... the wonderful task of shopping for car insurance quotes!

Since there's no avoiding it, you might as well learn a few ways you can save money in the process. Here is a compilation of the top tips you can use to make sure you never overpay for your car insurance premiums...

1. Search for quotes regularly - Many people inadvertantly pay the same premium for years without ever shopping around. As your vehicle ages, it depreciates in value. You shouldn't pay the same premium on an older vehicle as you would on a newer one... think about it! It's generally good practice to do a quote search on a yearly basis, but the more often you do it, the better chances you have of getting lower rates.

2. If you have an older vehicle, consider "liability only" insurance - When making a decision like this, you need to consider the value of your vehicle compared to what you're paying for your premium. If your vehicles wholesale value is, say $1000, why pay almost that much per year (give or take) when that is all you will get from your insurance agency... if you total your vehicle?

3. Take a defensive driving course - A simple 6 hour defensive driving course can save you up to 10% on your insurance premium. Contact your local department of motor vehicles for information on taking this course. Many times, you can also take this course by mail, by video, or even online!

4. If you have more than one vehicle in your household, insure them with the same agency - Most insurance agencies will knock a huge percentage off of your premium for multiple auto insurance policies.

5. If you also have life, home, fire, boat or any other type of insurance, use the same agency - As with having multiple auto policies, most agencies will knock a huge percentage off of your premium for multiple policies.

6. Increase your deductible - The higher the deductible you choose, the lower your premium will be, so set your deductible at the highest rate possible... just make sure that if you were to need the insurance you would be able to cover this deductible.

7. Maintain good credit - Insurance agencies, just like any other business, like to be paid... and on time. A good credit rating will lower your premium.

8. Think like an insurance agent - Insurance agencies base their rates foremost on one thing... risk. The more at risk you seem to be, the higher the premium will be, and vice versa.

When talking with an agent, give them reasons that you are at a lower risk, ie: you have a safe vehicle, you have a clean driving record, you don't use your vehicle for work purposes, you don't travel often, you're vehicle has anti-theft devices, you park in a garage, etc. A good idea would be to make a list of why you're at a lower risk before you even speak to an agent. Be creative!

About The Author

This article was written by Matthew Keith. Did you like it? Read more articles, tips and resources just like it at http://insuranceauto.bravehost.com - This article may be freely distributed or republished, as long as these bylines are included.

Life At Stake

Life At Stake

by: Greg Carson

There are a lot of reasons why people consider life insurance a necessity. We all know how precious life is. Getting secured is just one way of saying you love your family. The need to buy this insurance stems from the fact that if the primary wage earner dies, the family left behind has no way to sustain itself. To solve this, the family receives a benefit from the insurance company thus assisting the surviving family members financially in overcoming the burden of being left behind.

Any individual can secure these benefits. A good place to begin the process of researching your life insurance policy is www.1termlifeinsurance.org. Normally, large employers and government employers offer group life insurance as a benefit to their employees. The cost of these life insurance policies differs depending upon such factors as age, occupation and health. Say for example, the premium for a 25-year-old male individual, who...

Life At Stake

Car insurance > Life At Stake

Get Your Car Ready for Winter

Get Your Car Ready for Winter

by: Marilyn Pokorney

Driving in winter conditions tests your car to the limit.

If something isn't working properly under the best

conditions it certainly isn't going to work when it's cold

and stormy.
Here are some tips to keep your car running

well in the winter.

The first thing to check before the weather gets cold is the

anti freeze level.
Not only how much fluid is in the

radiator, but also the ratio of antifreeze/water content.

Have a tune up done. Have your spark plugs cleaned and re-

gapped or replaced.

Change to a lighter oil which will help protect your engine

from excessive wear when starting a cold car. Heavier oil

takes longer to circulate into the motor and internal damage

can occur.

Change to winter wiper blades are a must for icy driving.

Whenever starting your car, make sure that there is nothing

obstructing the...

Get Your Car Ready for Winter

Car insurance > Get Your Car Ready for Winter

Private Mortgage Insurance Doesn't Protect Homeowners

by: George Burks

If you borrowed more than 80% of the appraised value of you home, you're probably paying private mortgage insurance (PMI). PMI that is not lender paid is a waste of money. If you default on your mortgage, the private mortgage insurance provider will pay the lender, but you still would lose your home. PMI do not offer you any benefits whatsoever. PMI payments aren't even tax-deductible.

PMI increases your effective mortgage interest rate. On a $100,000 loan with 10 percent down ($10,000), PMI would cost you $43 a month. If you can cancel the PMI, you can save $516 a year and many thousands of dollars over the course of the loan. If your down payment was less, the cost of your PMI will be greater. If your down payment was 5%, ($5,000), your PMI expense would cost you $780 a year or $65 a month. Check your annual escrow account statement or call your lender to find out exactly...

Private Mortgage Insurance Doesn't Protect Homeowners

Car insurance > Private Mortgage Insurance Doesn't Protect Homeowners

Car Financing ? The F&I Department

by: Jeff Neilan

OK, you?ve finally gotten through the front end part of buying your car. You have worked hard done some tough negotiating and feel like you have negotiated a good and fair deal on your car purchase and trade-in. Now it?s time to head into the dealer?s F&I (finance and insurance) department and go through the formality of signing the financing paper work on the back end of the deal.

You may have noticed a couple of terms: front end and back end. I used these terms to illustrate a point to you. From a car dealer perspective there are two distinct parts (profit centers) to each deal. The front end of the deal is the new car price, your trade in, any dealer add on?s that they got you to buy with your new car, etc. All of this, most everyone is indeed familiar with. The second part of the deal, the back end, is not a place to let your guard down. The back end is the F&I department. The F&I manager...

Car Financing ? The F&I Department

Car insurance > Car Financing ? The F&I Department

life insurance The Top 8 Ways to Save a Ton of Money on Your Auto Insurance

The Top 8 Ways to Save a Ton of Money on Your Auto Insurance Car insurance

Water Safety: Swimming Pool Hazards and Children

by: Carl Pensington

Before you open your swimming pool for the season, or if

you are thinking of having a pool installed, you should

review the basic safety procedures. Even if you have had

that pool for a number of years, your family should review

the procedures to make sure that children don't become

victims of a water tragedy. Especially where children are

concerned, it only takes a moment...

The Top 8 Ways to Save a Ton of Money on Your Auto Insurance Car insurance pool table Water Safety: Swimming Pool Hazards and Children

Car insurance > Water Safety: Swimming Pool Hazards and Children

The Top 8 Ways to Save a Ton of Money on Your Auto Insurance

The Top 8 Ways to Save a Ton of Money on Your Auto Insurance Car insurance

The Top 8 Ways to Save a Ton of Money on Your Auto Insurance Car insurance pool table