How to Get Real Cheap Automobile Insurance

 

How to Get Real Cheap Automobile Insurance

In these tough economic times, people are trying to cut corners in many different ways, especially when it comes to dealing with their vehicles. People are traveling less, waiting longer to fix problems, searching around for the cheapest gas, and or buying more fuel efficient cars. Cars are a big bucks investment, particularly automobile insurance. Did you know that automobile insurance companies have a large amount of discounts available to their customers? These discounts can drastically reduce the amount a policy holder must pay annually for their automobile insurance.

How to Get Real Cheap Automobile Insurance

Although these discounts are available, they are not automatically offered. Accordingly, to take advantage of them, you often must be proactive and ask for them. It has been estimated that policyholders overpay for automobile insurance to the tune of millions of dollars per annul based upon their failure to ask for discounts that are available. When shopping for automobile insurance, remember to ask whether you qualify for the following discounts. Of course, discounts vary from locale to locale and from insurer to insurer.

It is likely that the most common of these discounts is for have no blemishes on your insurance record. The percentage of your discount will increase for a clean record; however, there is a limit to how much discount you will receive for this.

Anti theft devices. On a yearly basis, automobile insurance companies have to pay hundreds of millions of dollars because of stolen cars. So anything you do that will reduce the likelihood of your car being stolen will reduce the likelihood of the insurer having to pay for a stolen car. Therefore if you own any anti theft devices you should inquire about the discounts they may entitle you to.

The better you are at driving, the less likely it will be that you have an accident. Therefore if you have taken advanced driver training classes, this may be a great way to lower the price of your premiums especially if you are a younger driver.

A multi-policy discount is yet another option. Insurance companies want as much business as they can from each policy holder.

Therefore, they encourage those who have automobileinsurance with them to also get home insurance or life insurance. Getting multiple policies with the same company allows you to take advantage of discounts often on each of the policies.

Similar to the above discount, many companies will have a multiple vehicle discount. If you are a multi-vehicle family and insure all the automobiles with the same company, you are eligible for this discount. Say you do not use one of these vehicles often ; ask about the low mileage discount. Those who drive 5000 miles or less a year may qualify for this discount likewise.

These are just a few of the insurance discounts offered. When considering discounts, remember that the insurers will typically reward you (in the form of reduced premiums) for love or money that reduces their likelihood of a claim or that increases the amount of business they do. However, because discounts are not always offered up front, it is important to be proactive and ask for any that you believe you might be eligible to receive.