Archive for May 14th, 2012

Take A Look At These Auto Insurance Tips!


Try dropping some of the coverage you do not need. For older cars, it is not really important to have collision insurance. Eliminating these coverages will save on your monthly premium. Comprehensive and liability coverage are some other things you may want to consider cutting.

When you cancel your current insurance policy to switch to another company, you should do it in writing, and keep a copy of it. If your cancellation by phone does not get properly recorded by an insurance employee, and you ignore the next bill that comes, you could be reported as someone who has been terminated by the insurer for non-payment. Your credit score will be affected negatively, if it is believed that your policy was cancelled due to non-payment.

Make a detailed checklist of the discounts that the insurance company offers, then tick off all the ones that you qualify for. You may very well be surprised that by claiming discounts there is a lot of money to be saved.

In most cases, the company providing your insurance has the option to cancel your policy at any point during the first two months of coverage without having to explain their actions. This is when insurance companies will review your driving record to see whether or not you are a high risk. Having your policy terminated can cause you to have higher premiums for years to come.

If you are involved in a vehicle accident, you must contact the police. The police will collect any pertinent information, and they will let you know what the next step is. When you know you will have to work with your auto insurance company, it is important to have the police on your side. So, make sure that a call to the police is one of the first calls you make after an accident.

Get a listing of discounts from your insurance agent. Read through every possible discount and see which ones apply to you; after all, you want to save a lot of money.

Look over your policy to see whether or not you are covered if someone without insurance hits you. Take this into consideration, because it can impact the cost of your premium. This also covers you in the unfortunate event that you are hit by an uninsured driver.

Think about getting rid of car rental coverage on your insurance policy. You’re probably paying for it in every payment and not getting any use out of it. Before you remove coverage for specific events or amounts in your policy, consider why you chose to include the coverage to begin with. If you believe that you can find an alternative to rental car coverage in the event your car is not available to you during a repair, then you don’t need to pay for that coverage.

If you sell or trade a vehicle, get it removed from your insurance policy immediately. Obviously you don’t want to take a car off insurance until it has gone, but once it has do all of this as fast as possible to avoid any future costs that you can’t afford.

There is a mistaken belief that owning a sports car will make your insurance premiums higher, but don’t let this keep you from purchasing one. Actually, not every sports car is associated with a higher premium. You might find it worth the time to contact your insurance agent and ask about the premiums on your dream car. You might be surprised!

Make sure you keep your license clean. Speeding tickets and accidents can really cause your insurance premiums to run high. If you already have an accident or tickets on your driving record, you may be able to lower your insurance costs by taking a traffic course.

Many insurance companies provide large discounts to people who do not drive 7500 miles in a single year. Reducing the amount you drive is ideal for saving on car insurance.

The kind of vehicle you decide on will be a huge factor in the cost of insurance. If you want a top of the line, luxurious vehicle, your insurance will be higher. To get the most for your money, go with something a little more reserved and safe.

Making one large insurance payment may save you money. There may be extra fees for paying your insurance in monthly payments. Save your money now to pay off your insurance in one go, so that you save money later.

Even though your insurance company should send someone to record damage from an accident, you must also document what happened. You can use a cell phone to take pictures of the location and damage of a crash. Another option is to leave a disposable camera in your glove box so that you have it on hand in case of an accident.

Don’t take the chance of driving without car insurance. If you happen to be involved in an accident, insurance can help to protect your assets. The tips above are meant to be used as a guide, to assist you on your journey to finding the right auto insurance plan for you.