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Here are some great ways to get some car insurance
rate discounts.
Ask for Higher Deductibles
Deductibles represent the amount of money you pay before
your insurance company fulfills a claim. By requesting
higher deductibles on collision and comprehensive (fire
and theft) coverage, you can lower your insurance costs
substantially. For example, increasing your deductible
from $200 to $500 could reduce your collision and comprehensive
cost by 15% to 30%.
No Comprehensive and/or Collision Coverages
on Old Cars
It may not be cost effective to have collision or
comprehensive coverages on cars worth less than $1,000
because any claim you make would not substantially exceed
annual cost and deductible amounts. To determine the
value of your car, call your bank or refer to the Kelly
Blue Book to car buying available at a library or at
www.kbb.com.
Buy a "Low Profile, Low Maintenance"
Car
Cars that are expensive to repair, or that are favorite
targets for thieves, have much higher insurance costs.
See the National Insurance Crime Bureau at web site
www.nicb.org for a list of the U.S.’ top stolen
vehicles.
Low Mileage Discounts
Some companies offer discounts to motorists who drive
fewer than a predetermined number of miles a year.
Location Considerations
Premium costs tend to be lowest in rural communities
and highest in cities.
Automatic Seat Belt and/or Airbag Discounts
Some coverages provide discounts if you have automatic
seat belts and/or airbags.
Anti-Lock Brakes
Anti-lock brakes improve steering control and stability
when a car is brought to a stop, thus reducing accidents.
Some states, including Florida, New Jersey and New York,
require insurers to give discounts for cars equipped
with anti-lock brakes while some insurers have a nationwide
discount in place.
Other Discounts
Some insurers offer discounts for a variety of other
qualifications like:
- no accidents in three years;
- drivers over 50 years of age;
- driver training courses;
- anti-theft devices;
- good grades for students; and
- having more than one car insured with that company.
Specialty Coverages
Adding supplemental insurance coverages like towing
and labor or car rental reimbursement to your basic
auto insurance policy may save you money. For example,
for an average of $1 or $2 a month added to your auto
insurance, you can purchase coverage that will pay for
your rental car while your car is being repaired from
an accident. If you have this or some other specialty
insurance, be sure to remind your insurance company
or agent when you file a claim.
A FREE car insurance rate quote is available with
no obligation!
Click here and get your free quote today and
see the savings!
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