Posts Tagged ‘Discount Insurance’

Types Of Auto Insurance Discounts

Published by author on May 29th, 2009 - in Types Of Auto Insurance Discounts

Reader’s Question:

I think getting auto insurance discounts can help me in cutting the costs of my auto insurance here in Illinois. What types of discounts can I get and how else can I lessen my premiums?

David

Rockford, IL

There are a lot of things that you can do to lessen the costs of your auto insurance in Illinois and you are right, getting discounts is one of them. You can get an auto insurance discount if you install safety devices in your car such as steering lock, alarm system and anti-lock brakes. Likewise, you need to make sure that your car is safe and stored in a locked garage at night and parked in a safe place.

Another type of discount that you can get on your auto insurance is for being a good driver. If you keep a clean driving record and have no claims for a certain amount of time (usually for three years), you will be rewarded for this. You will also get a reward or what is called low mileage discount if you meet a certain number of mileage per year. Then, you have to enroll and complete a defensive driving course as you can also get a discount on your auto insurance for this. This will prove that you can be a safer driver, thus lowering the rates offered to you by auto insurance companies.

Aside from getting auto insurance discounts, you can also lessen your premiums by getting higher deductible on your auto insurance policy. Insurance deductible is the money you are willing to pay in case of an at-fault accident before the policy comes in and pays the rest up to your set limits. Also, auto insurance comparison is a proven way to lessen your premiums. If you collect and compare quotes from several auto insurance companies, you are guaranteed to get the best quote that is most suitable for you.

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How To Get Student Auto Insurance Discounts

Published by author on May 28th, 2009 - in Student Auto Insurance

Reader’s Question:

As a student here in Delaware, how can I be able to save on my auto insurance coverage? I need to be practical so I have to remember the things that can help me save money.

Kurt

Brandywine, DE

With the help of a little research, you can be able to save money on your auto insurance coverage. You have to understand first the requirements for your auto insurance and know the available discounts. In the state of Delaware, it is required for a driver to get at least $15,000 per person and $30,000 per accident for bodily injury and $10,000 for property damage. Delaware also uses a Tort system that requires the at-fault driver to pay the damages for all the people involved. You also need to get personal injury protection or PIP coverage of $15,000 per person and $30,000 per accident.

To get all the savings that you can on your auto insurance, you should get all the discounts you qualify for. These include:

Good Student
If you have a GPA of 3.0 or better in school, you can qualify to get this discount with the auto insurance companies that offer it.

Defensive Driver
If you have finished a defensive driving course, you can qualify for this type of auto insurance discount.

Safety Devices
If you install safety devices in your vehicle, you will be considered less of a risk by auto insurance companies and you may be offered a discount on your auto insurance for it.

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Ways To Cut Your Car Insurance Cost

Published by author on May 26th, 2009 - in Auto Insurance Saving Tips

Reader’s Question:

I do not have the budget for continuing my auto insurance. Can I just be safe on the road and will not get car insurance?

Jane

Detroit, MI

No. First of all its illegal to drive without proof of financial responsibility. People want to reduce anything that makes us painfully spend more, including car insurance. Read on and learn ways to save on car insurance.

When shopping for car insurance, always compare, compare, compare. The technology today has afforded us ways on easier insurance shopping. Use your favorite search engine and be on the hunt for car insurance deals that doesn’t make you cringe. Compare at least three or four insurance companies. Cheap doesn’t mean substandard. Don’t let your quest for a good deal be waylaid by shady insurance companies. Do background checks. Does the company have numerous consumer complaints? How is the credit rating looking?

Consider getting all the available discounts. Bear in mind that discounts differ from one insurance company from the other. State laws also differ. Take defensive driving classes, and a 10% is taken from your premiums. Installing safety measures on your car merit discounts as well. Bottom line is, do your homework well. Know your basic state laws; you’ll be surprised how much discount you can avail.

Increasing your deductibles helps. A deductible is the flat amount an insured incurs before the companies make benefit payments. Since insurance is meant to pay the bigger amounts you can’t handle, it is wise to increase your deductibles. This drastically lowers your premium.

Purchasing the right vehicle counts a lot. Check the car reputation before buying anything. Do thieves prefer this car model over the other? How are the repair costs? Should you buy a brand new vehicle? Has a second hand vehicle crossed your mind? There are “safe” cars. The web is a rich source of information. Let your fingers do the work. Research and compare.

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Need Lower Car Insurance Rates

Published by author on May 23rd, 2009 - in Need auto insurance

Reader’s Question:

Can you give me some tips on how to lower my car insurance rates? I feel like I am overpaying for my insurances.

Gene

Indianapolis, IN

Car insurence may not be a basic human need but it is indispensable since most of us own cars. It is a basic requirement of the state for you to legally operate your vehicles. Despite being mandatory, some people still don’t purchase them. Times are hard and people barely afford to put food on the table. That is why it seems easy for them to eliminate this expense to allot their money on more important things.

However, car insurance isn’t pricey at all times. Just like purchasing other products, there is always a way to buy better deals at a lower price. Knowing these methods will help you pay for a more affordable insurance and get you out the risk of driving without them.

One method to use is by comparing the prices or quotes from various insurance companies. Check the prices versus the coverage. Seek opinions from other people you can trust. Then make a decision.

Second method is by choosing your car wisely. Always remember insurance companies also base their rates on the type of car you have. Safe cars have lower car insurance rates. For fancy cars, expect higher premiums.

Have you ever heard of bundled services for your internet, phone and cable? People have left their dial-up services to consolidate their services from one provider. The reason behind it: services are cheaper. This is the third method that you can use in order to get lower car insurance rates. Get all your insurances (life, homeowners, renters and car insurance) from one company.

Fourth method is to avoid getting in trouble with your creditors. Ensure that you will always be responsible in paying your debts and maintain low credit balance. Doing so will lower your car insurance rates.

Last but not the least; learn other means to discount your car insurance premium. Do not forget to ask your agents about it.

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Need Car Insurance Discounts For Seniors

Published by author on May 19th, 2009 - in Need auto insurance

Reader’s Question:

Im turning 50 this month and I am just wondering if I can get any discount from my insurance company? I have a clean driving record for several years already. I just want to lower my car insurance premium a bit.

Martina

Chicago IL

Having a good driving record for years pays off.

Car insurance providers usually offer car insurance discounts for retirees who are getting some type of pension.

Additionally, insurance providers provide discount as well to senior drivers however, the age usually starts at 55 and older.

I suggest that you ask your insurance company if they provide discount if you renew your insurance policy. If you have been with the insurance provider for many years, you can get discounts as well for being a long time customer.

If you drive less and do not use your vehicle very often then you can take advantage of the low mileage discount. Other discounts are having safety features in your car, insuring more than one vehicle etc.

Many insurance companies will provide long-time policyholders with no claims and a clean driving record with a good driver discount.

You may also enroll in defensive driving class to get safe driver discount.

Hope this helps!

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