Comments on: 8 Ways to Save on Auto Insurance http://genxfinance.com/8-ways-to-save-on-auto-insurance/ Helping a unique generation achieve financial independence. Thu, 09 Feb 2012 03:12:52 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: RJ Weiss http://genxfinance.com/8-ways-to-save-on-auto-insurance/comment-page-1/#comment-126315 RJ Weiss Wed, 10 Feb 2010 20:20:37 +0000 http://genxfinance.com/?p=1712#comment-126315 I would add two more obvious ones. 1. Don't speed. One little speeding ticket can cost you a few hundred dollars. 2. You can get a discount from the carrier if you place your home/renters insurance with them also. Good list. I would add two more obvious ones.

1. Don’t speed. One little speeding ticket can cost you a few hundred dollars.

2. You can get a discount from the carrier if you place your home/renters insurance with them also.

Good list.

]]> By: Mike Lutter http://genxfinance.com/8-ways-to-save-on-auto-insurance/comment-page-1/#comment-126251 Mike Lutter Wed, 10 Feb 2010 01:17:39 +0000 http://genxfinance.com/?p=1712#comment-126251 I agree with all of this, but especially points 5 and 3. First, drive a cheaper car. This is a no brainer... saves money all around. But besides that, the higher deductible is important too. It's not that often that you should be putting in claims, and really it should be for major collisions. If it's a $300 scrape you should just pay it, you shouldn't be worrying with making a claim. You pay a significant more amount of money to have a low deductible, the way it works is that you are basically forking a bunch of money over to the insurance company to give you back if (and only if you ever) make a claim. If you can afford to fork over that cash to the insurance company, you can afford to beat a $500 deductible when the time comes. By having a higher deductible, you get to keep your money and earn interest on it, instead of giving it to your insurance company to hold and possibly never give you back. I agree with all of this, but especially points 5 and 3. First, drive a cheaper car. This is a no brainer… saves money all around.

But besides that, the higher deductible is important too. It’s not that often that you should be putting in claims, and really it should be for major collisions. If it’s a $300 scrape you should just pay it, you shouldn’t be worrying with making a claim. You pay a significant more amount of money to have a low deductible, the way it works is that you are basically forking a bunch of money over to the insurance company to give you back if (and only if you ever) make a claim. If you can afford to fork over that cash to the insurance company, you can afford to beat a $500 deductible when the time comes. By having a higher deductible, you get to keep your money and earn interest on it, instead of giving it to your insurance company to hold and possibly never give you back.

]]> By: PaydayLoner http://genxfinance.com/8-ways-to-save-on-auto-insurance/comment-page-1/#comment-126186 PaydayLoner Tue, 09 Feb 2010 01:14:43 +0000 http://genxfinance.com/?p=1712#comment-126186 Another tip that somebody told me about: If you're not required by law to carry uninsured or underinsured motorists coverage, find out if you'd do okay without it. She asked her insurance company and they told her that if someone without insurance hit her, as long as she had her own health insurance and collision insurance, she could be covered by those for damage to her car and her own medical bills, so it would be duplicating coverage. Worth checking into, to see if you could do without. Another tip that somebody told me about: If you’re not required by law to carry uninsured or underinsured motorists coverage, find out if you’d do okay without it. She asked her insurance company and they told her that if someone without insurance hit her, as long as she had her own health insurance and collision insurance, she could be covered by those for damage to her car and her own medical bills, so it would be duplicating coverage. Worth checking into, to see if you could do without.

]]> By: pays to live green http://genxfinance.com/8-ways-to-save-on-auto-insurance/comment-page-1/#comment-125850 pays to live green Thu, 04 Feb 2010 19:23:12 +0000 http://genxfinance.com/?p=1712#comment-125850 I am currently with geico and it really sucks they don't provide a multi-policy discount. I am going to check with a few others to see if I can get a better deal. I am currently with geico and it really sucks they don’t provide a multi-policy discount. I am going to check with a few others to see if I can get a better deal.

]]> By: Ekonomix http://genxfinance.com/8-ways-to-save-on-auto-insurance/comment-page-1/#comment-125732 Ekonomix Wed, 03 Feb 2010 12:02:45 +0000 http://genxfinance.com/?p=1712#comment-125732 Nice post. I was about to renew my insurance. Thanks for the tips Ekonomix <a href="http://ekonomiturk.blogspot.com" rel="nofollow">Turkish Economy Blog</a> Nice post. I was about to renew my insurance. Thanks for the tips

Ekonomix
Turkish Economy Blog

]]> By: Credit Girl http://genxfinance.com/8-ways-to-save-on-auto-insurance/comment-page-1/#comment-125651 Credit Girl Tue, 02 Feb 2010 16:14:47 +0000 http://genxfinance.com/?p=1712#comment-125651 One of the most important things about insurance in general is that you must always shop around because after a year or two of renewing the same policy, we can get too comfortable and when that occurs we're missing out on some big savings! And it's so true that if the car is older, two way coverage isn't necessary... Simply taking that off, one can save so much more money on insurance. Here's a site that helps you find good insurance rates. Check it out here:http://www.goinsurancerates.com/ One of the most important things about insurance in general is that you must always shop around because after a year or two of renewing the same policy, we can get too comfortable and when that occurs we’re missing out on some big savings! And it’s so true that if the car is older, two way coverage isn’t necessary… Simply taking that off, one can save so much more money on insurance.
Here’s a site that helps you find good insurance rates. Check it out here:http://www.goinsurancerates.com/

]]> By: pays to live green http://genxfinance.com/8-ways-to-save-on-auto-insurance/comment-page-1/#comment-121677 pays to live green Tue, 01 Sep 2009 13:53:32 +0000 http://genxfinance.com/?p=1712#comment-121677 So many people have high insurance rates because they don't take the time to access what their cars actually need. I have known people who carry comprehensive coverage on really old cars and for what reason I have no clue. So many people have high insurance rates because they don’t take the time to access what their cars actually need. I have known people who carry comprehensive coverage on really old cars and for what reason I have no clue.

]]> By: Bob Berns http://genxfinance.com/8-ways-to-save-on-auto-insurance/comment-page-1/#comment-121631 Bob Berns Thu, 27 Aug 2009 18:18:58 +0000 http://genxfinance.com/?p=1712#comment-121631 Here are the additional 8 Ways to SAVE on Auto Insurance 1. Comparison Shop Maintain a good driving record and/or buy a safer car, your premium will go down. Plus, with some companies now charging lower rates, increased competition means better auto insurance rates for you! http://StarAutoInsurance.com can find the best auto insurance rates from quality competing insurers. 2. Make and Model of Vehicle Auto insurance companies typically charge more for cars that are expensive to repair or don't perform well in accidents. So before you drive off the dealership lot, make sure your new car has been rated safe. Get a vehicle relatively cheap and easy to repair by your insurer. This will help minimize liability for both of you! 3. Inquire About Discounts These cost savers can lower your Auto insurance premiums more than you might think. Combining two or more cars on one auto insurance policy, purchasing a car with multiple airbags or other safety equipment, installing anti-theft devices in your automobile, completing a driver's education course, insuring your home and vehicle with the same insurer, obtain a mature driver discount (for those between 50 and 65) and students getting good grades (for students under 25) will get you some savings as well. 4. Get the Highest Deductible you can afford In the unfortunate event of an auto accident your deductible is the amount you pay out-of-pocket. After the deductible has been met your auto insurance company will cover 100%. The higher your deductible, the lower your premium, it's as simple as that. Just be sure you're able to absorb a larger portion of your loss. 5. Improve Your Driving Record The more tickets and accidents you have, the more your auto insurance costs. So drive cautiously, improve your motor vehicle record, and inform your auto insurance company of the change. They'll reclassify you as a safer driver, and lower your auto insurance rates in the process! 6. Older Car? Drop or Lower Collision Coverage Physical damage coverage reimburses you for damages to your own car. But if the vehicle you drive is several years old or worth less than $1,000 then dropping such unnecessary coverage can really save you money. 7. Your Auto Insurance Rates may fluctuate due to: Adding or removing a driver from your auto insurance policy, replacing an older vehicle with a newer one, adding or removing a vehicle from your policy and increasing or decreasing the number of miles you drive annually. 8. Compare Reliable Auto Insurance Quotes http://StarAutoInsurance.com is committed to helping you find the car insurance coverage that best meets your needs. Is it time for a new auto insurance policy? Whether your auto insurance policy is expiring, or you just do not feel like you are getting the cheapest auto insurance rate, we can help. http://StarAutoInsurance.com is the most convenient place to find the best vehicle insurance rates, no matter what your needs. We provide a FAST - EASY - FREE quote process from all the major auto insurance companies. Here are the additional 8 Ways to SAVE on Auto Insurance

1. Comparison Shop
Maintain a good driving record and/or buy a safer car, your premium will go down. Plus, with some companies now charging lower rates, increased competition means better auto insurance rates for you! http://StarAutoInsurance.com can find the best auto insurance rates from quality competing insurers.
2. Make and Model of Vehicle
Auto insurance companies typically charge more for cars that are expensive to repair or don’t perform well in accidents. So before you drive off the dealership lot, make sure your new car has been rated safe. Get a vehicle relatively cheap and easy to repair by your insurer. This will help minimize liability for both of you!
3. Inquire About Discounts
These cost savers can lower your Auto insurance premiums more than you might think. Combining two or more cars on one auto insurance policy, purchasing a car with multiple airbags or other safety equipment, installing anti-theft devices in your automobile, completing a driver’s education course, insuring your home and vehicle with the same insurer, obtain a mature driver discount (for those between 50 and 65) and students getting good grades (for students under 25) will get you some savings as well.
4. Get the Highest Deductible you can afford
In the unfortunate event of an auto accident your deductible is the amount you pay out-of-pocket. After the deductible has been met your auto insurance company will cover 100%. The higher your deductible, the lower your premium, it’s as simple as that. Just be sure you’re able to absorb a larger portion of your loss.
5. Improve Your Driving Record
The more tickets and accidents you have, the more your auto insurance costs. So drive cautiously, improve your motor vehicle record, and inform your auto insurance company of the change. They’ll reclassify you as a safer driver, and lower your auto insurance rates in the process!
6. Older Car? Drop or Lower Collision Coverage
Physical damage coverage reimburses you for damages to your own car. But if the vehicle you drive is several years old or worth less than $1,000 then dropping such unnecessary coverage can really save you money.
7. Your Auto Insurance Rates may fluctuate due to:
Adding or removing a driver from your auto insurance policy, replacing an older vehicle with a newer one, adding or removing a vehicle from your policy and increasing or decreasing the number of miles you drive annually.
8. Compare Reliable Auto Insurance Quotes
http://StarAutoInsurance.com is committed to helping you find the car insurance coverage that best meets your needs. Is it time for a new auto insurance policy? Whether your auto insurance policy is expiring, or you just do not feel like you are getting the cheapest auto insurance rate, we can help. http://StarAutoInsurance.com is the most convenient place to find the best vehicle insurance rates, no matter what your needs.
We provide a FAST – EASY – FREE quote process from all the major auto insurance companies.

]]> By: marci http://genxfinance.com/8-ways-to-save-on-auto-insurance/comment-page-1/#comment-121595 marci Tue, 25 Aug 2009 22:21:29 +0000 http://genxfinance.com/?p=1712#comment-121595 I didn't know some of these. I haven't re-evaluated my policy since I bought my car 2 years ago. I think it's about time I ask for more discounts. Thanks for the tips. I didn’t know some of these. I haven’t re-evaluated my policy since I bought my car 2 years ago. I think it’s about time I ask for more discounts. Thanks for the tips.

]]> By: Terrelle Pryor http://genxfinance.com/8-ways-to-save-on-auto-insurance/comment-page-1/#comment-121593 Terrelle Pryor Tue, 25 Aug 2009 20:01:26 +0000 http://genxfinance.com/?p=1712#comment-121593 You hit all the main points that I could think to save on auto insurance. Don't get tickets and cause accidents, those are obvious ones. You hit all the main points that I could think to save on auto insurance. Don’t get tickets and cause accidents, those are obvious ones.

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