There are two ways one can reduce costs on the ever-increasing auto insurance rates. One is to find the cheapest auto insurance rates and the other is to take advantage of all the discounts and bonuses on offer. This dual approach ought to help reduce your costs largely.
A quick preview on how to get the least rates on your auto insurance cover: The various aspects one must look into are as follows:
Deductibles – if they happen to be less than $500, you need to recheck. Keeping a high deductible ensures that the insurance companies can offer a cut in their rates
State mandates on the minimum cover to be insured on your car irrespective of the type of vehicle may mislead you into paying a rate underlined for the minimum cover. The possibility of combing more than one policy with the same provider should take care of the minimum limits with a cheaper auto insurance cover. If each of your assets whether home, renters or condo insurance is to be covered individually the total minimum cover for each would total to a vast amount.
Installing safeguards like car alarms and extra airbags entitles you to cuts in your rates and at the same time afford better safety standards for you, your family and your precious assets
Keeping your DMV records free from blemishes; and taking those courses might just prove to be the best thing you ever did for personal safety
If planning on marriage, take your vows before taking the insurance cover, it’ll reduce your rates further
Having a policy cover for a longer duration helps cut costs, especially if you get a ticket or are involved in an accident. If your policy is soon due for renewal these incidents will hike rates, whereas if you have time, taking a driving safety course helps mitigate costs
As you age, your insurance burden automatically decreases. The upper limit is 30, so in case you are younger you need to make sure you do any of the above to earn brownie points.
For a quick preview on various discounts on offer ranging from a mere 3% of the base cost of your premium to a 25 to 30% reduction in your rates:
Safety features such as airbags, anti-lock brakes, anti-theft alarm, daytime running lights and automatic seat belts, a VIN – vehicle identification number, etc. all qualify for a huge discount in rates
Multi-car coverage, and renewal of all your insurance policies with one company are entitlements to discounts
Maintaining a good driving record with zero tickets and accident-free report; keeping copies of all documentation to check for errors made by the law enforcement agencies augurs well for discounts
Maintaining a good credit score ensures discounts and if you happen to be a student, your grades and enrolling for a good driving course enlarge the cache of your discounts
Other discounts by virtue of your calling or office viz. military personnel or Para military forces Guards, being members of a credit union too attract discounts and cuts in spending
Teachers belong to some states belonging to the NEA – National Education Association, senior citizens, carpool participants or those using public transportation to work get entitled to discounts

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