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How to Get the Best Automobile Insurance Deal

Mar 24, 2008
If you have been shopping for automobile insurance, you will see the cost for premiums vary and depending on the company you choose, you may be eligible for certain discounts. This can be good if you do have a clean driving record and if you have safety features in your car such as an anti-theft system.

Some companies also charge certain premiums based on age or your location of residence. Comparison-shopping can help you find the best deal.

Before deciding on an automobile policy, be sure to know what features meet your needs. Do you want both collision and liability? Are you looking for a safe driver discount? How much of a deductible are you willing to pay? Do you want to pay premiums monthly or annually? All of these questions may help in reducing the cost of your premium. Different features can increase or lower your insurance costs.

By having a high deductible, you can save quite a bit of money. Many insurance companies will quote you on a $500 deductible or even a $250. If you raise your deductible to $1,000, you can usually save quite a bit of money. The deductible is the amount that you will have to pay out of pocket in case your car gets stolen or is in an accident.

If you have an older car, you may want to eliminate collision insurance. This is the amount that it costs to replace your car. In some cases, you are paying more for insurance than the car is worth.

Another way to get a good deal on your automobile insurance is to get a discounted rate with either several cars on one policy or also by having your home insured by the same company. Even if you do not own a home, you can get renting insurance and still save money if you opt for the same company with your car insurance. By purchasing several different policies, you can usually get a sizable discount.

Age and gender are also considered when determining automobile insurance premiums. This obviously is not something you have control of. Hence, younger drivers fare better as a secondary driver on an auto policy rather than a primary driver. Some cut rate companies have good deals for younger people who drive. However, you should be wary about the amount of coverage.

Checking rates every six months may help you find better rates. Don't be complacent with your policy and premiums. Always watch for the best deals. Some companies offer low rates with minimal coverage. Most important, understand what you are buying.
About the Author
Interested in automobile insurance? Go and visit www.aboutautomobileinsurance.com and read about No Fault Automobile Insurance and other related topics
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