Availing cheaper rates on your auto insurance premiums


Auto insurance need not be expensive always. If you know some of the auto insurance basics, then you can easily draw up a policy that will have adequate coverage without actually burning a hole in your pocket. When you approach your auto insurance carrier or even you insurance agent, there are a number of things they will not reveal when you come to them asking for insurance coverage. The first and foremost thing to do would be to know the minimum auto insurance coverage required in your state. After you get to know that, you may apply for the quotes online.

Once you get multiple quotes, you can compare these quotes and check to see if you have got the right amount of coverage. Just the minimum prescribed by the state will be of no use if you have a car that is brand new. Hence, you must talk to your insurance provider and purchase the right amount of coverage. List out the things you want in your policy and then ensure that all those things are covered. Sometimes you may require additional coverage especially if your car is brand new. If you have an older model, then there are a number of things that you can avoid in your coverage. This will help in bringing down the premiums drastically.

If you have maintained a good driving record, your auto insurance carrier will offer you a discount on your premiums. In case they forget about it, you could remind them about the same and avail your discount.

Raising your deductible is one way to ensure that your premium costs come down. Higher the deductible, lower will be the premiums. If you have teenagers in the household, you can exclude them from the policy. In case you don’t have teenagers, you may even drop the collision coverage. Get the woman driver to be the policy holder; this will bring down the premiums drastically.

Enroll in a certified driver education course. This will fetch you a lot of discounts as well. Installing safety features in your car will also help in lowering premium rates. Insurance companies generally like just about anything that will bring down the risk factor. So, installing safety devices such as anti-lock braking system, airbags, burglar alarms, seat belts etc., will help in cutting premium costs.

It is important to know the worth of your car as this will help you cut out all the unnecessary coverage, prior to insuring.