วันพฤหัสบดีที่ 4 มิถุนายน พ.ศ. 2552

How to Slash Rates on Your Auto Insurance


Auto insurance is a mundane game, right up there with root canals and visits from the in-laws; they’re things people don’t want to experience, but have to.

So as long as you’re stuck paying auto insurance, at least you can find ways to cut the costs of buying it.

Here are some of the best ways that BankingMyWay found to do just that:

Order the “combo” platter – If you buy your home and car insurance from the same company, you save, as the commercial says, up to 15% off your car insurance. That’s the figure stated from the Independent Insurance Agents & Brokers of America.

Shop online – If you value a local insurance company in town, or a short drive away, skip past this tip. But if you don’t care where your auto insurer’s office is, go online for a great deal. Online auto-insurers tend to be short on great, hands-on customer service, but they’re very good on getting you lower rates, since their administration and operating costs are so low.

Leverage good credit – No doubt about it, the better your credit, the lower your auto insurance rates. Consumers with good credit scores of about 660 and above can expect good discounts at the auto insurance checkout counter.

Avoid collision insurance – If your car is paid off, or you’re driving around town in an aging, beat-up junker, your need for collision insurance isn’t a big one. By removing collision insurance, you can take up to 20% off your auto insurance. A note: without collision insurance, you’ll need some money set aside for “crash” emergencies, the amount of which should be based on the current Kelly Bluebook value of your car.

Raise your deductible – To lower your insurance rates, just raise your deductible. Raising your deductible from $150 to $500, or even $1,000, could save you up to 15% off your insurance rates.

Get a “two vehicle” discount – If you own more than one car, or even a car and a boat, ask your insurer for a multiple vehicle discount. To get your business on both vehicles, chances are your agent will green light a discount.

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