American Car Insurance
How to Save Money On Car Insurance
Author: Robert Rogers
Are You Still Paying Too Much for Car Insurance?
Everyone who owns a car needs auto insurance. This article will give you some tips on lowering your auto insurance costs. You will find a checklist of items to ask your insurance agent that may qualify for discounts. Keep in mind that not all discounts can be applied with all insurance companies in all states.
1. Shop Around
Go to your favorite search engine and type in "free car insurance quotes online". You'll see a long list of insurance companies that you may even be familiar with. Visit at least five car insurance websites and look for a link to free quotes. You will then be asked basic information about yourself, your driving history, and your car's make, model, and year. It just takes a couple of minutes, and shortly thereafter, they will email you a no obligation quote. Write down their website address, their toll free number, and customer service email address.
Each insurance company will ask you generally the same questions, and will give you options about how much coverage you will want. Find your current policy, if you have one, and take note of the coverage you currently have. Always provide the same information and ask for the same coverage at each company so you will be comparing apples to apples. Read the fine print and make sure nothing is excluded from the quote like Rental car coverage, towing, medical, etc...
For the purposes of the quote, the insurance company will not ask you your social security number, but keep in mind your actual cost maybe higher or lower depending on your credit history. If you're not sure about some of the terminology or coverage, take notes so that you can ask the insurance company about them directly.
Once you have at least five quotes emailed to you, take the lowest two or three quotes and see if they are less than what you are paying now. Most likely at least one of them is much lower. At this point you will want to call them directly to get the most accurate quote by providing additional personal information. For additional discounts, here is a checklist of things you should ask about.
[ ] $500 deductible
[ ] $1,000 deductible
[ ] Paying monthly, semi-annually, or annually
[ ] More than 1 car
[ ] No Accidents in 3 Years
[ ] No Moving Violations in 3 Years
[ ] Driver Training Courses
[ ] Defensive Driving Courses
[ ] Anti-Theft Devices
[ ] Low Annual Mileage
[ ] Air Bags
[ ] Anti-Lock Brakes
[ ] Daytime Running Lights
[ ] Student Drivers with Good Grades
[ ] Auto and Homeowners Coverage with the Same Company
[ ] College Students away from Home
[ ] Long-Time Customer
[ ] Other Discounts
2. Saving Insurance Premium on cars you own outright.
If you own a clear title to your car, meaning there is no bank loan on it, then you may want to consider dropping the collision/comprehensive coverage. As a rule of thumb, if the cars value is less than $3000, it may not make sense for you to pay for this additional coverage. Over time, the cost of the additional insurance premium will exceed the value of the car. It's pretty simple math.
Check the fair market value of your car either through Edmunds.com or even your local newspaper. See what other people are trying to get for the same car. Keep in mind your cars mileage, condition, and age. Has it been in an accident before? Does it have unusually high mileage in excess of 15,000 miles per year? Does it need new tires? You get the idea. Be realistic, because in the event that this car is in an accident and is damaged beyond repair, it is unlikely you will get the full value of the car.
3. Ask About Insurance Rates in Different Areas
Rates can vary widely even in the same state. Different locals have different accident rates, population, and crime. These all factor in to the final cost. If you are moving to a different area, ask about what the rates are for that town.
4. Ask About Getting Other Insurance Policies Together With Your Auto Insurance
Combining insurance policies with the same company can often give you additional discounts. If you own a home, ask about combining your homeowners insurance with your auto insurance. Also ask about other polices, such as life, health, and business insurance. Most insurance companies cover a wide range of policies and will give substantial discounts when you do business exclusively with them.
5. A Clean Credit History Can Reduce Car Premiums:
Having good credit can also lower your insurance costs. Many insurance companies will use credit information to price auto insurance policies. Drivers with good credit and a clean driving record may qualify as a "preferred" customer with lower risk and will be rewarded with lower premiums.
6. Low Mileage Discounts
Some companies offer discounts to drivers who drive a lower than average number of miles per year. If you car pool, take public transportation like the subway, or work from home, you will most likely drive few miles per year than the average driver.
7. Group Insurance
Some insurers offer discounts to drivers who work for certain companies or belong to professional associations, and alumni groups. Ask your employer, group or clubs that you belong to if they have any special arrangements with different insurance companies.
Using all of these tips can save you hundreds of dollars per year, especially when you have multiple cars and multiple drivers in the same household.
Robert Rogers is a writer in the Washington DC area and specializes in money saving techniques. For free online quotes on all types of insurance, visit Free Insurance Quotes Online
How To Make Money With Used Cars!
C.L. Spartalis
One of the most important purchases consumers make is a car. The average consumer
purchases another car every several years. With the High Cost of new cars millions
of people are opting to purchase affordable used cars.
There is a Massive opportunity to earn an excellent income. Help fill this high
demand for quality used cars at affordable prices. When starting out you should
focus on cars under the $4,000 range.
Do some research and find out what the most popular best selling cars in your
area are. By staying in the lower price ranges with these popular vehicles you
will be in a higher demand market since more people can afford these vehicles
than higher priced more expensive cars, this will make it much easer to sell
quickly for a profit.
You make your money when you buy, this is an important key to your success.
You will need to pay wholesale price or below less the cost of any needed repairs,
and other expenses ie: detailing, newspaper ads, etc. Once you know the wholesale
price, less repair costs and expenses, you will know how much you can pay for
a car. If you buy it right you wll be able to sell it at a profit and still
give the buyer a great deal.
One of the most important things you can do to purchase a used cars at bargain
prices is to do your homework. You should check your local classified ads and
see what the asking price is for the type of vehicle that you are in the market
for.
Make sure to get the high and low Blue Book and wholesale prices on the vehicle
that you are interested in. Here are some excellent sources for getting pricing:
NADA GUIDES - www.nadaguides.com
KELLEY BLUE BOOK - www.kbb.com
EDMUNDS - www.edmunds.com
Other resources to check with is CARFAX. They can supply you with the vehicle
history report. The National Highway Traffic Safety Administration has a research
area to check recall history on cars. We recommend that you have the vehicle
you are interested in purchasing be inspected by your own mechanic prior to
purchase.
Newspaper Classified Ads are an excellent place to find cars at well below retail
prices. Many of these people will be happy to sell their used cars for several
hundred dollars more than what was quoted by the dealer and you will end up
with an EXCELLENT BUY!
Online Auctions can be a great place to find bargains. You can shop right from
the comfort of your own home. Look for auctions with no reserve, these auctions
don’t have a minimum price before they will sell.
Public Car Auctions are open to the general public and do not require you to
have a Dealer’s License. Public auctions can be an excellent place to purchase
cars at wholesale prices. Some of these auctions are: Auction Repossessions
of Credit Unions, Banks & Lending Institutions. Some public auctions also auction
Police and Local Municipalities, City, State, & County vehicles.
Estate and Bankruptcy Auctions can be a very good place to purchase vehicles
at wholesale prices. These auctions are usually advertised in newspaper classified
section or handled by Probate Estate Auctioneers.
Government Auctions are an excellent source for bargin vehicles. They include
vehicles from DEA drug raid seizures, FBI, IRS, U.S. Customs Auctions, Department
of Defense, General Services Auctions, Resolution Trust Corporation, Department
of Housing and Urban Development, and U.S. Postal Services.
Rental Car Companies often sell their fleet of cars by auction. They can be
a great source of cars. Contact these large companies and inquire.
Dealer Auctions can be one of the best sources to cars at below wholesale prices.
Most of these auctions require that you have a dealer’s license. These auctions
include lease cars, trade-ins, rentals, and fleet vehicles.
Stay away from used cars that need major mechanical repairs or body work. Look
for good, dependable cars, if the pait is a little dull or the rug is dirty,
you can detail, polish and wax the car and clean the carpet. Replace the floor
mats if needed. By doing a few hours of work, you can make your car worth hundreds
or even thousands of dollars more. By having a clean care, inside and out, you
will attract more buyers that will be willing to pay you top dollar for your
car.
When your car is ready to sell, you can place and ad in your local newspaper's
classified section, or you can place your ad on the internet and reach a wider
audience. CARS.COM and AUTOBYTEL.COM has a lot of traffic and is enexpensive.
Selling cars through online auctions has also become very popular. It has become
one of the easiest, fastest, and most cost effective methods to reach your target
audience of hundreds and even thousands of people looking at your car. EBAYMOTORS.COM
or AUCTIONYOURAUTOS.COM are both online auction sites.
Most states require that you have a Dealer's License when you buy and sell vehicles
for profit. Check with your states Department of Motor Vehicles or Department
of Public Safety for more information on how to obtain a Dealer's License. It
is important to consult with your attorney, insurance agent, accountant, and
other government officials to determine what permits, licenses, records, insurance
policies, etc., are required.
About The Author
C.L.Spartalis is the publisher of The of How To Turn Used Cars Into Ca$h With
Your Computer. No Inventory Required.
www.turnusedcarstocash.com/home.html
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