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Very Cheap Auto Insurance -Tips That Guarantee Affordable Car Insurance Rates - YouTube
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Very Cheap Auto Insurance -- Tips That Guarantee
Affordable Car Insurance Rates
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There are many things you can do to get very
cheap auto insurance.
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Here are a few of them..
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1.
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Good drivers get a special discount known
as the good driver discount
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If you have stayed claims-free for more than
three years, you are entitled to this discount
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What if your insurer refuses to give you this
discount?
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Then tell them you will move over to another
insurer.
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Any driver with a history as good as yours
shouldn't have any problems getting much lower
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rates -- You are every insurer's dream
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The mere threat of leaving should make them
shift grounds.
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But if they don't, look for another insurer
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2.
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Where you leave is also very important.
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That's why insurers will always ask for your
zip code
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Accidents are far more likely in densely populated
cities than rural areas.
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The same also applies to things like break
ins and vandalism
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Different areas in the same city also have
different risk threats: Car theft rate (especially
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for your particular vehicle), crash rate and
so on
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Therefore, check things like these if you
are shopping for a new home
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3.
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Go for the minimum bodily injury liability
coverage stipulated by your state's law.
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However, in addition, get an umbrella policy
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An umbrella policy gives you far more liability
coverage per dollar spent than even the most
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extensive liability coverage within an auto
insurance policy.
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The following example will buttress this point...
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Let's assume that a man of about 35 years
(who lives in New York City) wants to increase
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his policy's bodily injury liability coverage
of $25,000/$50,000 to $100,000/$300,000...
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...He'll have to spend about $300 extra in
premium!
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But compare this to the fact that he could
get a $1 million umbrella policy for just
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less than $300
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It even gets better...
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If he chooses to raise the coverage amount
of his umbrella policy to $2 million dollars,
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he'll only have to pay only $75 more
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That's $375 for $2 million worth of liability
coverage!
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See?
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That's superior coverage for a lot less -- That's
the advantage in adding an umbrella policy
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instead
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But why should you care about bodily injury
liability coverage in an auto insurance policy?
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People get hurt in accidents.
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And you will be responsible for the claims
awarded if you are found to be at fault.
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Claims awarded could get into the million
dollar range and above in certain cases
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And did you know that lawyers can go after
your assets if you don't have enough liability
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coverage to take care of claims awarded against
you?
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This means you could easily lose your life
savings and even your home if you don't have
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the right protection
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An umbrella policy protects you from such
situations
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But that's NOT all about the benefits associated
with an umbrella policy...
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...You also get liability coverage that extends
beyond automobile-related liability claims.
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An umbrella policy extends to your home and
much more
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4.
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Belonging to certain professions attracts
a discount.
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An engineer, for example, attracts much lower
rates than an engineer.
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The reason for such a discount is that some
professions have been proven to be better
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risks
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Your agent is in a good position to tell you
if your occupation is eligible for certain
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discounts.
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Nevertheless, the discount you'll be given
varies from company to company
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5.
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Maintaining more than one policy with the
same carrier also attracts remarkable savings
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All you must do to qualify for this is to
purchase your auto insurance policy from the
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same insurance carrier that is underwriting,
say, your home insurance
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However, take note of the following...
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Because an insurance provider gave you cheap
rates for one policy doesn't mean they will
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for another
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Do some research with quotes sites and then
discuss with your agent.
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Thereafter, you'll be sure as you make your
choice because you'll then know which is more
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beneficial
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Do your research well.
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Get and compare rate quotes from top insurers
at Q4L.org
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