Do you want to know the secret in getting cheap auto insurance rates? It is quite easy compared to what others seem to think. Reducing insurance bills by hundreds or even thousands of dollars is possible.
There is one simple way to get low auto insurance rates, and yet most owners never even think of it, is by asking for discounts. Just call your insurance company and ask them if they offer discounts for your coverage. If they do, ask them what requirements you need to prepare to avail of that rate reduction. Most companies give a variety of discounts from AAA membership to college alumni status to good grades. Most of the time, people are ignorant that they qualify for one, two, or more of these discounts. Do not wait for them to inform you because it is not them who needs it, it is you. By simply making this call and getting just one kind of discount, you could possibly reduce premiums by hundreds of dollars.
Another popular way to save a lot of money on your auto insurance is by raising your deductible. Deductibles are the amount of money which you can spend in case your vehicle gets involved in an accident. If you have a deductible of $1000, that means you pay $1000 of the total expenses caused by the accident. Meanwhile, the remaining payments which exceed your deductible will be covered by the insurance company. Raising deductibles means that you are financially stable to shoulder a big amount of the possible expenses in an accident, thus, insurers lower down your auto insurance rates. If you have a present deductible of $250 or $500, you can tell your insurance agent that you will raise your deductible to $750 or $1000 to save a lot of money on your premiums.
Of course, the best tip to get the best rates is by shopping around. Know what the market has in store for you. Do not immediately buy the very first policy available. There are more affordable types of coverage offered by less popular companies, but of course you cannot get them if you do not look for them.
Applying for car insurance is one exciting experience only if you know how to do it well. Just remember to ask for discounts, raise your deductible and shop around the market. Come to think of it, just by doing these things you can save hundreds, or even thousands of dollars yearly. What are you waiting for? Follow these simple tips and you are on your way in getting the most affordable auto insurance rates.