Car Insurance
How to Find Car Insurance Discounts
John J. Lah, MBA, CFA
Saving money wherever you can is important to us all. Car Insurance should
be no different. Do not assume that your insurance agent knows everything about
you and your car. At HometownQuotes we go out of our way to find all the possible
car insurance discounts that are available to each customer.
Drivers should take advantage of all discounts that many providers offer, that
can significantly reduce the cost of car insurance. Understanding discounts
and how they can affect car insurance premiums can help smart shoppers make
better decisions about their coverage and possibly save themselves some money
in the process.
Read below to identify possible discounts that could help you save money on
car insurance this year. Other than discounts, there may be some other ways
for you to save on your insurance premiums. We will go over several discounts
that can help with your current situation.
First, there are discounts for Car Safety features. Certain states will give
you discounts for anti-lock breaks. Make sure you know if it is two or four
wheel anti-lock break vehicle. Automatic seatbelts and airbags are frequently
discounted on your insurance premiums. In most states, a defensive driver class
discount may apply. If the principal driver usually 55 years old or older has
completed an approved defensive driving class a discount could apply. Keep in
mind that most states will only approve this class if it is voluntary meaning
that it was not the result of a violation or infraction.
Some insurers will give you a discount for having multiple cars. In some cases,
this will only apply if you have two or more drivers. If you have a clean driving
record, meaning you do not have any tickets, accidents or suspensions in the
last three years (some companies require five years) then you could be eligible
for a safe driver's discount.
Many insurance companies will reward you with staying with the same insurance
company for many years without any accidents reported. They will offer you a
renewal discount. It makes sense, you have carried insurance with a company
for several years, and have not had an accident, your insurance company likes
you and wants to reward and keep your business. Some companies honor you with
a discount if you had prior limits on your previous policy. They discount you
because they understand you are a better risk.
Conversely, if you do decided to change insurers a proof of prior insurance
discount may apply. Most insurers request at least 6 months of consecutive insurance
from the previous insurer. If you are a full-time student who meets certain
grade requirements and are unmarried and usually under 25 years of age (some
states the age is 21) you could be eligible for a good student discount. If
you own a home, including condominium, town home, or mobile home, which is used
as a principal residence, a discount could apply. Military personnel either
currently active or retired from any branch of the US military a discount could
apply. If your vehicle is equipped with an anti-theft device, a discount could
apply.
You could lower the cost of your car insurance in other ways as well.
For people who own older cars, it may not be necessary or cost-effective to
protect them with collision and comprehensive coverage. By comparing the book
value of your vehicle and the premium that the insurer has offered, you may
find that it cost as much for the insurance as it does for the vehicle. If the
car is worth less than $2,000, you will probably spend more insuring it than
it is worth. The whole idea of driving an older car is to save money, so why
not get what is coming to you.
In addition, keep in mind that the type of vehicle you buy could greatly affect
your premium. A flashy red sports car is usually going to cost more to insure
than a mid sized sedan. This is also true of vehicles that are on the list of
most stolen. There are many ways that policyholders can save on their insurance.
Knowing more about auto policies and premiums can help consumers take advantage
of less obvious discounts while ensuring that they have the appropriate protection
for their vehicles. The last way to save is to assume more risk. If you chose
higher deductible on your Personal Injury Protection or Comprehensive and collision
coverage will lower your premium as well. The deductible is the amount of money
you have to pay before your insurance company begins paying the rest.
Understanding how discounts affect your car insurance rates is important to
save you money.
About the Author
Matt McWilliams is the Vice-President of Customer Relations for HometownQuotes.Com,
the industry leader in providing insurance quotes for customers across the country.
HometownQuotes.Com was founded in 2003 by insurance agents and has grown into
one of the best-known ways for shoppers to find affordable insurance online.
Matt is originally from North Carolina where he spent way too much time playing
golf.
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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