Tuesday, July 29, 2008

Save on Car Insurance

Car insurance is a necessary expense, but how much you pay for it varies widely.
Following a few simple strategies can help you save a great deal of money on your car insurance bill.

1. Select your car carefully.
Before you even purchase a vehicle, do your homework. Certain models are more likely to be stolen, others are built specifically for rough driving and some, particularly foreign cars, can be very expensive to repair. Insurance companies charge more for these factors, so choose your car with care.

2. Ask for a discount
Find out if your auto insurance company offers special discounts. Being part of an auto club or alumni association often entitles you to exclusive rate. Many companies offer safe driver or good student discounts and will lower rates for safety features such as anti-lock brakes or airbags.

3. Have a higher deductible
A deductible is the amount of money you must pay before your insurance takes over to cover the cost of a claim. Your premium will be lower if your deductible is higher. If you have an accident, you will pay more out of pocket, but if you're a safe driver with few claims, you'll see the savings right away.

4.Shop around
Comparison shopping for auto insurance can save you hundreds of dollars on your bill.

You can't control most of the expenses related to having a car, but you can make sure you've got the lowest possible price on your auto insurance

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