5 Common Mistakes When Buying Insurance
5 Common Mistakes When Buying Insurance
December 15, 2013
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5 Easy Steps to Lower Your Auto Insurance Quote

5 Easy Steps to Lower Your Auto Insurance Quote

There is no doubt that the cost of auto insurance continues to increase almost every year right across the globe. This can be attributed to several factors including the ever increasing traffic accidents, high cost of vehicles and the general litigious nature of modern society. Many vehicle owners now find it financially difficult to comfortably pay for their car insurance policies, leave alone properly maintaining their cars. Even so, there are 5 easy steps to lower your auto insurance quote. They are:

Insuring Multiple Vehicles

Auto insurance companies are continuously on the look out for new clients for increased business. Having several vehicles gives you a very good opportunity to receive a bulk auto insurance quote, which is significantly lower than when you opt to buy insurance cover for each vehicle and driver individually. Your auto insurance agent or company should be in a better position to inform you on how best you can receive bulk quote and save big on your premiums.

Maintain a Clean Driving Record

This is one of the 5 easy steps to lower your auto insurance quote. Your driving record has a major impact on the amount of premium you pay for your vehicle. Your insurance company looks at your driving record before calculating the applicable auto insurance quote for you. Maintaining a clean driving record and taking defensive driving lessons that most insurance auto insurance companies offer can see you graduate to the class of responsible defensive drivers who enjoy low car insurance premium quotes.

Shopping Around

The time when you need to renew your car insurance policy gives you a perfect opportunity to shop around for a different company that quotes low on premiums. Insurance companies are always in fierce competition for clients and having bought a policy from a particular company does not tie you to that company. The renewal time is the time to look for a company that offers discounts while providing coverage that you need.

Vehicle Selection

This applies to when you are shopping for a new vehicle. While buying a top-range vehicle can be very exciting, the amount of insurance premium you will be obligated to pay can be extremely high. One of the easiest ways to lower your auto insurance quote is to settle for a medium-range vehicle. It can even be beneficial in terms of lower premium quotes if you consider buying a used vehicle that is still in top condition because used vehicles generally attract low premium quotes.

Residence

This is probably one of the 5 easy steps to lower your auto insurance quote. Whether buying a new vehicle or renewing your auto insurance policy, your residential location plays a big role in determining premium quote you will receive from your auto insurer. While living in a densely congested area attracts high quotes due to the likelihood of causing or getting involved in an accident, living in an area less congested attracts low quotes. You may need to consider relocating so long as doing so will not inconvenience you in any way.

The amount of money that you can save on the cost of your auto insurance can be very big in the long run, savings that you can invest in a project or use in maintaining your vehicle.

5 Easy Steps to Lower Your Auto Insurance Quote

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