Car Insurance: Are You Leaving Money On The Table?

Listen: with the economy the way it really is, with gas costs going up, with taxes going up, it can be more essential than ever to locate solutions to save income. 1 location that you just can save a lot of funds is in your car insurance.

But you realize what’s intriguing? Regardless of how numerous commercials we see from firms like Geico and Progressive telling you to shop around and get the best rate, no matter how many of those commercials we see, 90% with the individuals never shop.

Be sure that you happen to be not one of those individuals. You operate lengthy hours and you do not desire to throw away funds on the table that you could save on your auto insurance coverage. You are able to save lots of cash — hundreds and maybe thousands of dollars a year — just by creating several telephone calls and purchasing about.

Now, the Insurance Investigation Council says that in the event you shop about, you can save almost $900 a year on your auto insurance. Consider every one of the factors you may obtain for $900 a year.

Where should you begin? Effectively, call your insurance company and asked them in the event you qualify for any with the distinct discounts that they offer. I’ll bet you you don’t even know all of the distinct discounts you might get. Obviously you’ll find auto insurance coverage discounts for points like acquiring a superb driving record, but did you realize that if you happen to be a student and you’ve great grades, it is possible to even get a discount for that? Now, it may only quantity to 2-5%, which does not sound like a whole lot. But think of how much that you are paying for auto insurance. Suddenly, a couple of percent here and there does add up.

The most significant discount comes if you’ve got a superb, accident absolutely free driving record. That alone might be worth as much as 20% in discounts per year in savings. But as soon as you get a single ticket — there go the discounts. So be cautious.

And speaking of tickets, make sure you know how many points you might have in your license. In case you don’t remember, call the Department of Motor Vehicles and have them search up your record. And when you have more than 3-4 points, you might qualify for a discount merely by taking a safety class. Now several car insurance coverage organizations will sponsor classes to market secure driving and at times you’ll be able to take those classes and decrease your insurance fees. We’re not talking about a good deal of your time — maybe 1 day or four or 5 hours over a number of days. A lot of the classes expense just a little bit of money but not too much — perhaps $20-$50. But that is a small value to pay in order to get a substantial discount on your car insurance.

Naturally it should go without having saying that you simply should shop about every couple of years. Look around, compare rates. Though you believe your current auto insurance organization will be the finest one, issues change.

Your rates also depend on exactly where you live. If you’ve moved or if you’re planning to move, shop around for auto insurance. Your auto insurance firm may possibly supply a completely diverse rate for the city you’re about to move to.

So that’s the reality on saving cash for your vehicle insurance coverage. Shop about and compare prices. And obviously, drive safely. It actually pays.

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Originally posted 2011-06-24 00:42:28.