Car insurance is something that we all must have, it's the law. It's very important to have the best coverage but as well the best prices and going for the minimal cost is not the best option and it's always better to have more coverage and paying a little more can go a long way.
How can you get the best rates when it comes to car insurance ?
So many methods are mentioned but some are not talked about as frequent. Most people listen to the insurance company advice, even when it doesn't benefit the insured, but rather the insurer. So be careful and do your home work on the issue.
Here are some insider tips to help you save on your car insurance
There are various way to save on your car insurance bills, the more research you do and the more you know will help you save thousands of dollars off car insurance, but you also get the great coverage to have you covered in case of a bad accident.
Hope to hear from you soon
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How can you get the best rates when it comes to car insurance ?
So many methods are mentioned but some are not talked about as frequent. Most people listen to the insurance company advice, even when it doesn't benefit the insured, but rather the insurer. So be careful and do your home work on the issue.
Here are some insider tips to help you save on your car insurance
Your Credit Matters
It’s not a well-known fact, but your credit score affects what you pay for auto insurance. When you apply for an auto insurance policy, most insurance companies pull your credit history. Studies show that there is a link between credit scores and the likelihood that a person files a claim. Additionally, those with higher credit scores tend to make payments on time and stay with the same company for longer periods, which is in direct contrast to the patterns that people with lower credit scores display. One important thing to note is that insurance companies do not pull your credit, they simply use information from your existing credit report. So when you get an insurance quote, it does NOT put a blemish or a hit on your credit report as it is considered a soft hit. These types of hits have no negative impact since the insurance company is not looking to extend credit to you, they are just using the data.
Using information from your credit history, insurance companies calculate your insurance risk score, which affects the premium you pay. If you have had recent changes in credit rating or are waiting for some negative elements to be corrected on your credit report, you may be able to get lower auto insurance rates, but you have to wait until your credit rises.
Pay Now, Save Later
Paying your annual premium in full or through an electronic fund transfer (EFT) helps you save big money.
Many insurance companies offer a discount -- typically up to 10% -- if you pay your annual premium in full. If you do choose to make monthly payments, using EFT rather than paying with a credit card or check eliminates payment-processing fees, saving you around $8 per payment.
Bundling Value
If you already have, or plan on getting, homeowners insurance, use the same company to purchase your auto insurance.
Combining (or bundling) your policies with the same company often brings major savings, as most insurance companies offer discounts up to 25% when you purchase multiple policies. Many carriers now offer one policy for both your auto and home, saving you even more.
Save Your Claims
The quantity of claims, not the cost, greatly impacts your auto insurance premium. A claim of $1,500, $15,000 or $150,000 generates the same surcharge to your policy.
The higher your deductible, the lower your premium. Save your money and try not to file claims that are affordable out of pocket. Save your claims for the “big ones” that are truly necessary.
- See more at: http://www.miainc.com/blog/bid/312126/Five-Auto-Insurance-Insider-Secrets-To-Help-You-Save-Money#sthash.FR8XVH6c.dpuf
There are various way to save on your car insurance bills, the more research you do and the more you know will help you save thousands of dollars off car insurance, but you also get the great coverage to have you covered in case of a bad accident.
Hope to hear from you soon
Subscribe and Share
