Simple Ways To Lower Your Auto Insurance Rates
Do you know some simple and easy ways to lower your auto insurance rates? This guy has some really good points and I think you should take the time to listen to what he has to say, why, because it will most likely save you some money. I did, and I just wanted to share his video with others.
Thanks for your time, have a great day.
One of the best ways to lower your annual premiums is to have a higher deductible amount.. Like a $1,000, is what I carry personally.
Now, if you are a claim free and safe driver like I am, you could be saving a ton of money each year on your premiums. People fail to realize that the deductible amount is only paid when they file a claim and their insurance company pays that claim.
Ask for discounts, you never know what you might be able to get and how much you can save by asking. Some popular discounts can be given for:
1. Military personnel
2. Good grade students
3. Union membership and bank member affiliations
4. Safe drivers with no claims in last 7 years
5. Defensive driving school attendance
6. Clean credit history – used by many carriers to determine payment risk
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Do I Need Car Insurance For A Cheap Car
Reader’s Question:
I have a vehicle that is only worth a few hundred bucks, do I still need to get car insurance for it?
Michael
Orlando FL
Each state has financial responsibility laws entailing either insurance or the ability to pay for any damage caused while driving. This page summarizes the insurance requirements in your state.
In all except 2 states, you will have to insure your car. It is only in New Hampshire and Wisconsin which do not have compulsory insurance laws. Most of the states really require that you show proof of insurance before you register a car.
An older car that does not have much value is usually not insured for physical damage, that is comprehensive and collision coverage. However, you still must have liability coverage on your car.
Despite the insurance you hold, you must be financially responsible for any damage your car may cause.
One of the best ways to lower your annual premiums is to have a higher deductible amount.. Like a $1,000, is what I carry personally.
Now, if you are a claim free and safe driver like I am, you could be saving a ton of money each year on your premiums. People fail to realize that the deductible amount is only paid when they file a claim and their insurance company pays that claim.
