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submitted: Apr 10th 2008 | by: ChimezirimGabrielOdimba | Total views: 2 | Word Count: 618 | |

Cheap auto insurance: We all will appreciate a very affordable rate provided it comes with enough coverage. But in what ways can this be achieved? Let's discuss a number of proven ways of getting just that...

1. You will lower your auto insurance cost if you have an outstanding credit rating. Those who have bad credit pay high premiums for all forms of insurance and that is also true for auto insurance.

There are many reasons for this but this one ranks high among them: If you have a poor credit rating then it could only mean you have defaulted in payments at some points. This implies more risk to them and more expensive premiums for you.

2. The longer you stick with the same insurer the more you stand to gain for two reasons: The long term discount and accident forgiveness.

Depending on the insurer, you'll be eligible for a discount of 5% once you've stayed with them for between three and five years.

Most insurers will also not raise the rates of a long-standing policy holder if they make only just one claim.

These are all incentives for you to stay with them for as long as possible. The longer you stay, the more you'll save.

Be that as it may, 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.

Supposing your auto insurance rate with your current insurer is $2,700 you'll get a discount of about 5 percent or $135 if you stay for at least 3 years.

However, due to inflation, insurance companies may have to make adjustments in their rates to reflect such changes. But while you're at it, an insurer somewhere could be ready to offer a rate of $1,800 or less within that period.

In this regard, it will be pointless to stay put because you want to get a loyalty discount down the line when you can pay less immediately.

You'll almost always get lower rates if you make out time to do extensive shopping because there are hundreds of insurers out there. Considering that the process of getting and comparing auto insurance quotes requires just minutes, I'll wonder why you will not do that now and get more affordable auto insurance rates immediately.

3. Take it upon yourself to ask your agent about all the discounts possible with your chosen insurance carrier. Since agents too are human they might not remember to tell you about some discounts you are qualified for.

You will lower the odds of this happening to you if you make it a point of duty to ask your agent seriously to tell you about every discount that is possible. You might have a really pleasant surprise!

4. Although this may sound funny, you can bring down your rates by getting married. I know you won't get married just for this but when you do, it will save you a bit in auto insurance.

There is evidence to show that married people are a lot more stable than their unmarried counterparts. This makes them more careful on the road and, therefore, a better risk to insurers.

Furthermore, as a group, their claims are usually less both in number and average cost per claim.

5. Have you checked if your credit card company offers rental car coverage? More often than not, you'll discover that your credit card provider has already given you this coverage as added value.

So it's a good idea to confirm first before you buy an unnecessary coverage.

6. Get and compare quotes from five or more reputable quotes sites and you'll save much. No, just one quotes site won't do the job because you need to get quotes from a wide range of insurers.

About the Author

Considering the fact that it's necessary that you get and compare many quotes, why not start right away with the following great quotes site?: Cheap Auto Insurance Online Quotes. Chimezirim Odimba has pinpointed over 120 tips that will help you pay a lot less for adequate coverage.

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