ifydcat Everyone wants to save money on his auto insurance rate. It seems premiums are increasing every year as insurance companies are passing the cost of rising claims to customers. However, there are things that you can do to minimize your cost. For some helpful suggestions, read over this article.
If you have been insured by the same company for many years, ask for a lower rate the next time your policy is up for renewal. Sometimes an insurance company is willing to give a discount to their long-time customers. Giving a break on premiums is a better business decision than risking the loss of a life-long customer. So, remember to ask. You may get what you asked for.
Your insurance rate is directly affected by your driving record. The more violations you have, the more you have to pay in premiums because you would be considered a higher risk. You can offset your poor driving record by attending classes on driving safety. After you have completed your course, show the evidence of completion to your insurer and ask for an adjustment in your insurance rates.
Many companies and organizations have a relationship with an insurer where employees or members can qualify for a lower rate due to a group discount. Check with your insurance provider if a discount is available to your company or to organizations in which you have membership. For example, sometimes members of warehouse clubs can get discounts. Try to find out which organizations do offer discounts. If the membership fee is not high, it may be worth your while to join just for the potential savings that you can get in your auto insurance.
Have your current insurance rate on hand, and find out from other insurance companies if they can beat it. You can call companies individually, but that takes up a lot of time. A more efficient way is to find a tool online that can give you quotes from various insurers by using information that you input into a form. When you are filling out the form, make sure that you are inputting the same information that your current insurer has about you. This will make sure tht you are making an accurate comparison. If you do see rates that are lower, go to the next step and call these companies to get more information. Have the insurance agent give you a more comprehensive quote that includes more details about the policy. Take this information back to your current insurer to see if they can match or beat the competitive rate. If they cannot, it may be time for you to switch.
Remember that you should not just go with the insurer that offers you the lowest premium. You have to take into account how well they can serve you, how fast they can settle your claim and pay out, how friendly is the staff, and other non-financial aspects. Having a low rate is useless if you get poor service when you try to file a claim.
Do your homework when evaluating insurance. Think about these points, and you can get more value out of your insurance dollars.
Posted in 
