Affordable Car Insurance - What To Do To Keep The Rates Down ...

Unless you have no intentions of ever driving a car, auto insurance would probably be the most inevitable part of your budget. There are very few places in America that permit you to drive vehicles without insurance and so it behooves each and every one of us to get a better handle on our own auto insurance coverage. And believe us, the auto insurance industry keeps changing due to competition. Many providers are going out of the box with their auto policies. The trend that has gained the most momentum is the self-insuring concept. The customer?s best tool in reducing insurance rates would be higher deductibles. A higher deductible means you are paying a larger amount before the insurance takes effect on your vehicle. No longer is it fashionable to take out a low deductible. Lower deductibles no longer warrant the high premiums. You can save yourself a whole lot with higher auto insurance deductibles.

Getting Lower Insurance Rates For Drivers Under 21

Young drivers on newer vehicles that have a lien holder?s interest will raise the auto rate significantly. Your rates (or your children?s rates) for collisions, as well as the comprehensive rate itself, could be quite high. You could reduce the rates significantly by driving an older vehicle and removing the comprehensive and collision coverage. Another way to reduce rates for younger drivers would be to have them take and complete a certified driver?s training course. A GPA (grade point average) of 3.0 and above is usually a ticket to a lower interest rate with the insurance providers. If you reach 21, or if your kid reaches 21, expect to have lower rates available.

Senior Citizen Discounts ? Most companies have discounts for people age 55 and older who are retired or work less than 20 hours a week. There are mature driving courses that can also give the senior citizen a discount.

Now if you insure your home and car with the same provider, you could also take advantage of what is called a multi-policy discount.

Don?t get the name wrong ? a tort option is not a new dessert on the menu ? on the contrary, it?s the exact opposite. Tort is your ability to sue for pain and suffering. Limited tort rates in some states reduce the overall premium of the policy up to 30%. If you?re not familiar with your state?s policies, you can ask your insurance provider.

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Source: http://www.petebenevides.org/cars/affordable-car-insurance-what-to-do-to-keep-the-rates-down/

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