One of the largest auto insurance discounts around is called the Multi-Car Discount. Any average person would think that if you have to insure two separate vehicles, it would be a perfect opportunity for auto insurance companies to hit you with ridiculous policy premiums. But it’s actually quite the opposite! Almost all of the major auto insurance companies across the Unites States offer a popular discount called the Multi-Car Discount.
This discount states that if you are insuring more than one car on a single insurance policy, you can save anywhere from 10 to 35 percent off your entire monthly payment! This comes in handy when your child is begging you to add him/her to your existing policy because any 16-18 year old kid is doomed to having no cheap auto insurance rates available until a few years later. It is common knowledge that most car insurance companies do not offer cheap rates to children under the age of 18, ESPECIALLY if the child is male.
The Internet lets you easily compare car insurance rates so you know you’re getting a cheap price on your auto insurance. To find cheap car insurance companies you need to visit an insurance comparison website.
When you visit an insurance comparison website, you type in your vehicle and driving information on one easy form. You then receive quotes from a variety of companies, which you can compare to make sure you’re getting the cheapest rate.
On the best insurance comparison websites, you can even talk online or by phone with insurance professionals and get answers to all your car insurance questions. (See link below.)
Of course, when you buy car insurance, price isn’t your only concern. You want a cheap quote, but you also want an insurance company that’s going to be stable and reliable. Fortunately, all the quotes you get on insurance comparison websites are from A-rated companies, which means they are financially strong.
You also want an insurance company that offers good service. To check on the service record of an insurance company, follow these tips:
* Check their website to see if it’s informative and helpful.
* Check your state’s department of insurance website to see how many complaints have been filed against the company.
* Check ratings for the company with J.D. Power & Associates (jdpower.com), and A.M. Best (ambest.com).
Insurance companies ended up labeling one age group a high risk and another low risk due to statistics. However, in spite of statistics, you can lose the benefit that a generalization would have bestowed on you by doing the wrong things. For example, if you’re fifty-five years old, you belong to a very low risk age group as far as auto insurance is concerned. However, let’s assume you have a terrible driving record or worse still, you have a DUI (Drinking Under Influence) conviction, you’ll pay several times more than you would have. That is if you even succeed in getting a company that agrees to insure you.
This means that you have a responsibility to yourself. Make sure you keep your records as clean as possible. This will ensure you can take advantage of all the discounts available for your age group.
In the same way, if you’re a teen, you can lower the high risk perception insurance companies have of you by doing a few things…
1) Take lessons in defensive driving. Defensive drivers get lower rates from several insurance companies. The simple reason is that a defensive driver is far less likely to cause an accident. They are also trained to avoid being caught up in one. Since their accident records are quite low, their rates are also very low.
2) Get good grades in school. If you’re a good student, you’re likely also a more stable person. A’s and B’s will help you lower your rates with some insurance companies.
After doing one and two, you can also do your best to use less expensive cars. Avoid sports cars and expensive foreign cars.
Finally, take your time to visit at least three sites that provide multiple auto insurance rates. Each site will only take you 5 minutes at most. However, if you consider that this simple exercise will save you hundreds of dollars, you’ll agree it’s well worth your while.
Everyone jokes about women drivers so are women drivers penalised when it comes to taking out car insurance? The answer is no, over the past few years insurance companies have jumped on the band wagon and actually turned this theory upside down, more often that not insurance companies are now aiming to attract women drivers offering them lower car insurance quotes simply because of their gender.
Also the jokes that we have all heard imply that women are not the best drivers insurance companies think otherwise, they consider women to be safer drivers and statistics show that claims that have been associated with a man cost the insurance company far more that when a woman makes a claim.
The reduction in women’s car insurance is not just because of the cost of the claims it is also down the the type of cars women drive. Women tend to stick with a car that has a smaller engine and men go for something that is usually bigger and more sporty which would undoubtedly cost the insurance company more to repair the vehicle or offer a settlement figure if a claim was to be made.
When looking for car insurance for a woman you may find that you are offered extra cover such as breakdown cover, this is usually offered at a considerably lower rate when purchasing it alongside your car insurance and well worth considering if you are a woman that travels alone or with children.
Although companies aimed at women drivers will offer a lower insurance there are some factors that can affect the price, these will include:- Age – generally younger drivers are more likely to make a claim on their insurance so insurance companies will increase the price to cover their costs, it may be worth being a named driver on your parents car insurance policy for a while to reduce this cost.
Car Security – Keeping your car in a locked garage will help to reduce the cost of your car insurance because your vehicle is less likely to be vandalised and you are more likely to avoid the vehicle being stolen. Installing other safety aspects such as steering wheel locks, alarms and immobilisers will also reduce the risk of damage or theft and in turn your insurance premium should be reduced accordingly.