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47 Auto Insurance Savings Tips -- Guaranteed Steps To Dirt Cheap Car Insurance Rates Pt 4 - YouTube
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47 Auto Insurance Savings Tips -- Guaranteed
Steps To Dirt Cheap Car Insurance Rates (Series)
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– Pt 4
Tip #31…
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Avoid unnecessary add-ons
Add-ons like towing raise your premium without
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giving you as much value as using a towing
service.
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Have you checked to see if your credit card
doesn't already offer this as added value?
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Overall, you're better off using a third party
towing service than placing it on your auto
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insurance policy.
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Tip #32…
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Park only in safe places
Don't make the mistake of parking your car
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in places where it won't be safe.
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By safe I mean places where the risks of theft,
vandalism or accidental damage are very low.
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Parking your car in a garage will help you
reduce your rate over time.
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And, lest I forget, if you drive out in the
night do your best to have your car parked
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in a well-lit area.
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This will deter thieves.
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Tip #33…
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Don’t file petty claims
We told you something about staying claims-free
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in part one of this series…
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Stay claims-free for more than three years
and most insurers will give you a special
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discount.
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But here’s what we didn’t tell you…
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It does not mean you might not have any reasons
to make a claim but that you choose NOT to
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file one.
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Therefore, if it's a minor case, handle it
on your own.
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That is, if what you'll gain from a No Claims
discount outweighs it.
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This is particularly true for people who are
just a few months or a year away from becoming
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eligible for the NO-claims bonus.
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Tip #34…
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Be a woman or let her own it
Statistically, women are safer drivers.
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Married couples can take advantage of this
by having their cars insured in the lady's
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name with the man as the secondary driver.
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Although this might not go down well with
some male folks, it will help reduce what
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your family pays for auto insurance.
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Tip #35…
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Buy your policy online
Running a business on the internet is a lot
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cheaper than a brick and mortar approach.
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Compared to buying offline from a brick and
mortar business, you'll save up to 15% if
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you buy your auto insurance policy online.
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Therefore, as much as you can, buy your car
insurance policy online.
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However, do your utmost to present your details
truthfully.
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If you try to cheat you'll lose big time on
the long run…
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Your insurer will be covered by the law if
they cancel your policy on the grounds that
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you misrepresented facts.
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Don't also forget to confirm your preferred
insurer's rating and standing with your state's
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department of insurance and other financial
rating institutions.
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This is to ensure you don’t fall into the
wrong hands.
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Tip #36…
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Don’t include rental car coverage unless…
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Do not include rental car coverage in your
auto insurance policy without confirming if
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your credit card offers such a benefit.
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More often than not, you'll discover that
your credit card provider has already given
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you this coverage as added value.
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You'll simply avoid duplicating coverage if
you check before you decide if it's necessary
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to still add rental car coverage to your policy.
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Furthermore, do you really need this coverage
type if you have more than one car?
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Tip #37…
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Get more by paying less with an umbrella policy
Reduce your Bodily injury liability coverage
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to the very minimum required by your state
law and buy an umbrella policy instead.
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The more substantial your assets, they more
this recommendation is true in your case.
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Just to ensure we all are on the same plate…
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…Bodily injury liability coverage takes
care of passengers and the other driver in
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an accident that's caused by you.
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If this coverage type takes care of such liability
issues, why is still recommended that you
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get an umbrella policy?
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The simple reason is that the liability coverage
included in any car insurance policy is usually
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inadequate.
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This means that your personal assets will
be taken if your liability coverage cannot
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handle the bills and damages incurred.
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However, there is hardly a law suit or liability
issue that an umbrella policy won't take care
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of completely.
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You save on many ends with an umbrella policy…
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It helps you get lower rates, gives you superior
liability coverage on auto related issues…
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…But still covers liability claims that
may arise somewhere else, for example, your
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home.
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Price-wise, you get much more coverage per
premium dollar with an umbrella policy...
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It could cost a 35 year old man in an area
like New York City…
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…Around $300 extra to raise his bodily injury
liability from $25,000/$50,000 to $100,000/$300,000
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(The first amount in each pair shows the maximum
amount that will be paid out to each injured
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person in an accident.
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The second amount shows the maximum that can
be paid out per incident).
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However, with an umbrella policy, he'll spend
less than that to get $1 million worth of
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coverage.
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And if he chooses to raise the coverage amount
of his umbrella policy to $2 million dollars…
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…He'll have to pay only $75 more!
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But that’s NOT all…
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After the $2 million mark, he'll need to add
only $50 to his rate per $1 million extra
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coverage amount.
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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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Get and compare cheap quotes from many top
insurers @ Q4L.org
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Quality-Insurance-4-Less.com
Q4L.org
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(It's the same site just easier to type into
your browser)
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One more thing...
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Save a lot of money...
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Get many more tips that will help you cut
down your overall insurance costs by up to
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50% at Q4L.org
Q4L.org
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