.
Pocket an extra $100 a month or more with money-saving auto insurance discounts, available from most insurance companies that could save you a bundle:
* Good driving record
* Mature Driver
* Longtime Customer
* Defensive driving course
* Carpooler or low-mileage driver
* Anti-theft device or car satellite recovery system
* Safety measures, like air bags and anti-lock brakes
* Nonsmoker
* Good student
All the best,
Timben
Showing posts with label Auto Insurance. Show all posts
Showing posts with label Auto Insurance. Show all posts
Friday, October 2, 2009
More ways to save
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There are even more ways to save money on auto insurance for the determined car owner. Driving less frequently or car-pooling could earn you a discount, especially if you drive fewer then 5,000 or 6,000 miles a year. Parking your car in an enclosed garage instead of parking on the street could also get you a discount. Some companies even give discounts for being a police officer, a teacher, or a retiree. The discounts are there. You just have to ask.
So far these tips have been helpful if you already have a car. If you’re in the process of buying a car, keep this in mind – the type of car you drive affects how much you’ll pay in insurance premiums. Choosing a car with a higher safety rating lowers your premiums.
To find out the insurance ratings of different cars, check out Consumer Reports annual car buying guides. The Insurance Institute for Highway Safety is another good place to look for statistics that could affect your premiums. Call 703-247-1500 or visit www.carsafety.org to contact them and find out the rating for your future car.
All the best,
Timben
There are even more ways to save money on auto insurance for the determined car owner. Driving less frequently or car-pooling could earn you a discount, especially if you drive fewer then 5,000 or 6,000 miles a year. Parking your car in an enclosed garage instead of parking on the street could also get you a discount. Some companies even give discounts for being a police officer, a teacher, or a retiree. The discounts are there. You just have to ask.
So far these tips have been helpful if you already have a car. If you’re in the process of buying a car, keep this in mind – the type of car you drive affects how much you’ll pay in insurance premiums. Choosing a car with a higher safety rating lowers your premiums.
To find out the insurance ratings of different cars, check out Consumer Reports annual car buying guides. The Insurance Institute for Highway Safety is another good place to look for statistics that could affect your premiums. Call 703-247-1500 or visit www.carsafety.org to contact them and find out the rating for your future car.
All the best,
Timben
Head off debt with GAP insurance
.
GAP insurance keeps you from paying for a car you no longer have. This Guaranteed Auto Protection insurance pays the amount you’ll owe if your car gets totaled and you’re left with a loan that is more than the total worth of your car.
So if you owe $20,000 for a car the insurance company says was only worth $16,000 when it was totaled, GAP insurance will cover the remaining $4,000. At prices from $15 to $45 a year, it’s good value. Consider buying it if you’re making down payment of less than 20 percent.
All the best,
Timben
GAP insurance keeps you from paying for a car you no longer have. This Guaranteed Auto Protection insurance pays the amount you’ll owe if your car gets totaled and you’re left with a loan that is more than the total worth of your car.
So if you owe $20,000 for a car the insurance company says was only worth $16,000 when it was totaled, GAP insurance will cover the remaining $4,000. At prices from $15 to $45 a year, it’s good value. Consider buying it if you’re making down payment of less than 20 percent.
All the best,
Timben
Tuesday, September 29, 2009
Combine insurance for a discount
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Many great things come in pairs – peanut butter and jelly, Astaire and Rogers, auto and home insurance. Getting your auto insurance and your home insurance from the same carrier could earn you a big discount. You’ll typically save 10 to 15 percent off your premiums.
All the best,
Timben
Many great things come in pairs – peanut butter and jelly, Astaire and Rogers, auto and home insurance. Getting your auto insurance and your home insurance from the same carrier could earn you a big discount. You’ll typically save 10 to 15 percent off your premiums.
All the best,
Timben
Fewer payments mean lower rates
.
Rather than finance your insurance payment into six monthly installments, pay your 6-month premium all at once. When you choose the extended plan and divide up your payments, the insurance company adds what they call an “installment payment service fee.” It’s a small fee they add to your payment each month for their processing expenses, but you don’t get more coverage. Pay in full twice a year and those little monthly fees could add up to almost $100 in annual savings.
All the best,
Timben
Rather than finance your insurance payment into six monthly installments, pay your 6-month premium all at once. When you choose the extended plan and divide up your payments, the insurance company adds what they call an “installment payment service fee.” It’s a small fee they add to your payment each month for their processing expenses, but you don’t get more coverage. Pay in full twice a year and those little monthly fees could add up to almost $100 in annual savings.
All the best,
Timben
Don’t pay twice for roadside help
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The American Automobile Association (AAA) is an organization well-known for offering dependable roadside assistance, but why pay for an extra service when your own auto insurance offers it?
Most insurance companies offer roadside assistance programs for as little as $12 a year. That small fee usually entitles you to jump starts, lockouts, tire changes, towing, gas, and a toll-free phone number. AAA costs more because of additional benefits outside of roadside service, like travel discounts at hotels and restaurants, but if you don’t travel a lot, it’s a better idea to stick with your own insurer.
All the best,
Timben
The American Automobile Association (AAA) is an organization well-known for offering dependable roadside assistance, but why pay for an extra service when your own auto insurance offers it?
Most insurance companies offer roadside assistance programs for as little as $12 a year. That small fee usually entitles you to jump starts, lockouts, tire changes, towing, gas, and a toll-free phone number. AAA costs more because of additional benefits outside of roadside service, like travel discounts at hotels and restaurants, but if you don’t travel a lot, it’s a better idea to stick with your own insurer.
All the best,
Timben
Sunday, September 27, 2009
Buy only what you need
.
You can save money by buying just the insurance coverage you need. Try raising your deductible for comprehensive and collision coverage. You can cut 15 to 20 percent off your insurance rate by increasing your deductible from $250 to $500 or $1,000.
You may be able to stop paying for comprehensive coverage altogether. If your car is paid off, switch to just liability insurance, and you could save hundreds of dollars a year. As a rule of thumb, comprehensive and collision coverage aren’t worth the cost if the value of your car doesn’t add up to 10 times the annual premium. If that’s the case, all you need is liability coverage.
All the best,
Timben
You can save money by buying just the insurance coverage you need. Try raising your deductible for comprehensive and collision coverage. You can cut 15 to 20 percent off your insurance rate by increasing your deductible from $250 to $500 or $1,000.
You may be able to stop paying for comprehensive coverage altogether. If your car is paid off, switch to just liability insurance, and you could save hundreds of dollars a year. As a rule of thumb, comprehensive and collision coverage aren’t worth the cost if the value of your car doesn’t add up to 10 times the annual premium. If that’s the case, all you need is liability coverage.
All the best,
Timben
Do your homework to find a deal
.
The best way to find the lowest price on car insurance is to do your homework. Shop around before you sign up with any auto insurance carrier, and you’ll be sure to save money. Rates vary from one carrier to another, so call each company to find out what they charge and give them the same details. Tell them how much coverage you’re looking for, the amount of deductible you want, how frequently the car is driven, your age or the age of the driver, and the year, make and model of the car.
If you’re not sure exactly where to start, talk with the experts. Call your state insurance department and ask them for a list of auto insurance companies and the rates they charge. You can find contact information for the state insurance department by looking in the front of your phonebook or by doing an online search for their Web site.
Once your have the list, contact at least four of the companies with the lowest prices. Give them the same details mentioned before to find out what rates each of them charge for the same coverage. With that information in your hands, you can make an educated decision, and you’ll feel good knowing you got the best deal in town.
Check out the following price quotes for a 2002 Ford Focus ZTQ with 40,000 miles. The two drivers are married, currently have auto insurance, and don’t have any traffic violations. The car, which is driven 10 miles to work, has an alarm system and is still being paid for.
Web Site Lowest quote for 6 months
www.insWeb.com $456.00
www.geico.com $469.10
www.progressive.com $589.00
www.esurance.com $737.00
www.electricinsurance.com $951.00
All the best,
Timben
The best way to find the lowest price on car insurance is to do your homework. Shop around before you sign up with any auto insurance carrier, and you’ll be sure to save money. Rates vary from one carrier to another, so call each company to find out what they charge and give them the same details. Tell them how much coverage you’re looking for, the amount of deductible you want, how frequently the car is driven, your age or the age of the driver, and the year, make and model of the car.
If you’re not sure exactly where to start, talk with the experts. Call your state insurance department and ask them for a list of auto insurance companies and the rates they charge. You can find contact information for the state insurance department by looking in the front of your phonebook or by doing an online search for their Web site.
Once your have the list, contact at least four of the companies with the lowest prices. Give them the same details mentioned before to find out what rates each of them charge for the same coverage. With that information in your hands, you can make an educated decision, and you’ll feel good knowing you got the best deal in town.
Check out the following price quotes for a 2002 Ford Focus ZTQ with 40,000 miles. The two drivers are married, currently have auto insurance, and don’t have any traffic violations. The car, which is driven 10 miles to work, has an alarm system and is still being paid for.
Web Site Lowest quote for 6 months
www.insWeb.com $456.00
www.geico.com $469.10
www.progressive.com $589.00
www.esurance.com $737.00
www.electricinsurance.com $951.00
All the best,
Timben
Handling an imperfect driving record
.
The easiest way to keep your auto insurance down is to have a perfect driving record, but for drivers with less-than-perfect histories, there are still ways to make the best of the situation.
If there is a flaw or two on your record, contact your local Department of Motor Vehicles to find out exactly how many points you have and when they expire. It may not be long before some of those points disappear, and your record improves. Wait until then to get insurance quotes.
Make sure there are no errors on your record, like a ticket you never got or a typo in your birth date. It costs a little to get a copy of your driving record, but it doesn’t cost anything to correct it. You’ll save a lot more in the long run by fixing any mistakes.
All the best,
Timben
The easiest way to keep your auto insurance down is to have a perfect driving record, but for drivers with less-than-perfect histories, there are still ways to make the best of the situation.
If there is a flaw or two on your record, contact your local Department of Motor Vehicles to find out exactly how many points you have and when they expire. It may not be long before some of those points disappear, and your record improves. Wait until then to get insurance quotes.
Make sure there are no errors on your record, like a ticket you never got or a typo in your birth date. It costs a little to get a copy of your driving record, but it doesn’t cost anything to correct it. You’ll save a lot more in the long run by fixing any mistakes.
All the best,
Timben
Repair your credit for better rates
.
Checking your credit report for errors at least once a year can do wonders for your insurance premiums. If your credit report has mistake – and mistakes do happen – dispute the error.
You credit score affects your insurance score, which then affects your insurance rates. Correcting mistakes in your credit report could bring down your insurance rates. Generally, an insurance score above 760 is considered good, and anything below 600 is bad.
If your credit score is over 700, look into companies like Allstate and Progressive who give better rates for good credit. If your score is lower, look into companies like State Farm and American Family Insurance who put more emphasis on other factors, like your driving record.
All the best,
Timben
Checking your credit report for errors at least once a year can do wonders for your insurance premiums. If your credit report has mistake – and mistakes do happen – dispute the error.
You credit score affects your insurance score, which then affects your insurance rates. Correcting mistakes in your credit report could bring down your insurance rates. Generally, an insurance score above 760 is considered good, and anything below 600 is bad.
If your credit score is over 700, look into companies like Allstate and Progressive who give better rates for good credit. If your score is lower, look into companies like State Farm and American Family Insurance who put more emphasis on other factors, like your driving record.
All the best,
Timben
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