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Six Ways to Cut the Cost of Your Auto Insurance
Is your auto insurance bill $12000 a year or even higher? It's not unusual for auto insurance to cost this much these days. But it doesn't necessarily have to cost this much. There are ways to reduce these costs. It might take a bit of work but it is possible to cut that insurance bill by a substantial amount.
Tip #1: Get at least three price quotes. You can call companies to get quotes or get them directly via the Internet. You can also call your state insurance department, as it may be able to provide you with a comparison of prices charged by the major carriers in your state. Also, get price quotes from different kinds of insurance companies. Some sell through their own agents. Others sell through independent agents who often represent several different companies. Other companies have no agents and sell direct to the consumer via the phone or Internet.
Tip #2: Check insurance costs before buying that next car. Did you know that insurance premiums are based on the car's cost, the cost to repair it, its overall safety record and the likelihood of its being stolen? You can often get a discount from insurers if the car you are buying has a great safety record or if it's designed to reduce the risk of death.
Tip #3: See what you could save with higher deductibles. Higher deductibles can lower your insurance costs substantially. For example, if you increase your deductible on collision and comprehensive coverage from, say, $300 to $500, you could reduce your costs by as much as 15 to 30 percent. Move up to a $1,000 deductible and you might save 40 percent or more.
Tip #4: Reduce the coverage on older cars. If you have one or more older cars, consider dropping the collision coverage entirely. If your car is worth ten times the premium, buying collision coverage just may not be worth it. You can find out what your car is worth by contacting your bank's auto loan department or you can look it up online at www.kbb.com (Kelly Blue Book).
Tip #5:Buy your auto insurance from the same company that has your homeowners insurance. All the major insurers offer both homeowners and auto insurance and will give you a nice discount if you buy both types of policies from them. You may also qualify for a discount if you insure several vehicles with the same company. Some companies even offer discounts for long-time customers.
Tip #6: Keep a good credit record. Auto insurance companies are using credit information more and more often to price their policies. Make sure you maintain a good credit history by paying bills on time, and by keeping your credit card balances as low as possible. Also, be sure to check your credit record regularly. That way, if errors occur, you can quickly correct them - to keep your credit record clean and accurate.
For FREE help with debt and credit, subscribe today to Douglas Hanna's free email newsletter "8 Simple Steps to Debt Relief" at http://www.all-in-one-info.com
Why Boat Insurance Doesnt Help A Lousy Sailor
For thousands of years men have sailed the seas. From the earliest trips by the discoverers and settlers of the Americas, Australia and the Pacific Islands, through Odysseus' voyage to Troy and beyond to the time of Swashbucklers in the Caribbean mankind has made exciting voyages to the far corners of the world.
Consumer Directed Health Plans
Most of you have heard about "consumer directed health plans". The Bush administration has been a strong supporter of this concept as a way to get a handle on soaring healthcare costs.
Is an HSA a Type of Insurance?
A Health Savings Account (HSA) is not a type of health insurance. But that's an easy mistake to make!HSAs are closely associated to health insurance, although they do not provide any insurance benefits themselves.
Underinsurance Can Spell Disaster For Homeowners
Insurance is meant to give homeowners peace of mind, but an increasing number of policy holders are putting themselves at risk by neglecting to insure their home and contents adequately.There is often confusion over the difference between guaranteed and extended replacement value insurance.
Why Boats Are A Pleasure... But You Still Need Boat Insurance
One of the greatest pleasures that a man can have is owning his own boat. It goes back to the days of adventure on the high seas when a man was absolute monarch of his realm as a captain of his ship.
About Online Term Life Insurance Rates
Online term life insurance ratesHow simple it is today finding online term life insurance rates. At the click of your little mouse, fingers on the keyboard off we go into the world of cyber space.
What Are The Differences Between A Cancellation Notice And Non-renewal Notice?
OK, you take that stroll down to the mailbox excitedly as you do everyday hoping to find the catalogue with all that neat stuff you want to buy or to find that magazine you love to read or to find that big check Uncle Bob sent! Come on, you know you love getting mail and really look forward to this daily ritual. You know that Mr.
Online Insurance Quotes California Auto
Finding insurance quotes for California auto is now pretty easy. There was a time where finding auto insurance at a price we were willing to pay took a lot of driving and calling around.
Health Savings Accounts (HSA): How Do I Tell a Good One from a Bad One?
The Health Savings Account (HSA) is becoming well-known as an incredible tool to reduce health insurance premuims and yet provide good security for healthcare emergencies.But what should consumers watch out for? Are there good HSAs and bad HSAs?The answer is "not really.
Term Or Whole Life Insurance - Which Is Right For You?
One of the most important things you will ever do is to choose a life insurance policy that will provide for your family after you are gone. Choosing the life insurance policy that is right for you and your family can be quite confusing.
Senior Life Settlement-Uses and Applications
In a recent article in the National Underwriter (April, 2005) a Senior Life Settlement is depicted as an ingenious financial planning option available to consumers by providing access to secondary life insurance market through life insurance valuation - a new trend, tool in the financial advisory services industry unlocking opportunity for many.Sound investment practices require diligence and regular appraisal and valuation of assets.
The Surety Bond Domino Effect
I have written many articles about the hard surety bond market. To my surprise many want to know more details as to how we got to where we are at.
Travel Insurance Pre-Existing Conditions Coverage - How It Works
What is a Pre-Existing Medical Condition?When a trip cancellation travel insurance company refers to a "Pre-Existing Condition", they are talking about medical conditions that exist in the Lookback Period that immediately preceeds the travel insurance purchase date.Simply put, a Pre-Existing Condition is any medically documented condition (no matter how minor) an Insured Person, Traveling Companion or Family Member has been treated for, consulted with or received advice on.
7 Tips Toward Helping You Reduce Your Insurance Costs
Not a year goes by that insurance rates go up. At least it seems that way.
Consumer Driven Health Plans [ CDHP ]
Do you know that skyrocketing health care costs have been draining the federal government and employer's exchequers over the last couple of years? The health care costs account for 15.5 percent of U.
Car Insurance Gearing up to Drive Down Costs
For once finances seem to be going in favour of the UK motorist, with Esure announcing plans to double its share of the UK's car insurance market - a move which is likely to spark a price war, other internet-only direct insurers passing on to consumers savings based on their low overheads, and specialist insurers offering reduced rates for their particular target markets. A trial pay-as-you-go scheme from Norwich Union is also creating a lot of interest for money conscious motorists.
How Much Can My Auto Rate Increase After One Accident?
Accidents almost always make your insurance rates increase. Whether or not the accident was your fault, your insurance company may have to pay for your involvement in it.
How Do I Lower My Auto Insurance Rates?
Since there are many factors that go into determining your auto insurance rates, there are many chances to lower your rates. If you change jobs and your drive to work changes or you stop working or you work from home, you should contact your insurance company.
Saving on Home Insurance: Tips for Cutting Costs
Everyone is searching for a way of cutting costs, a method to lower their overall monetary expenses. Saving on home insurance is a reasonable, viable option when choosing to take control of your finances.
Life Insurance Information
Life insurance is a personal insurance plan designed to pay out a sum of money on the death of the policyholder. Life Insurance is an insurance that is taken out against a persons life.
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