Thursday, May 28, 2009

Auto Insurance -- Save More; Get The Right Coverage

By Chimezirim Odimba

A good number of companies offer a retiree discount. Retired people don't have to drive to work every day. A person's total mileage is a strong factor that determines how much you pay in premiums.

This discount is certainly not one any retired person should overlook. Get your insurer's position on this from your agent. If for any reason they don't have a discount like this, remember to tell your agent about your change in mileage. Unless the change in your mileage isn't significant, you should shop for another insurer if you don't get a decent discount.

Your rate is seriously affected by your total mileage. Therefore do all within your power to NOT drive your car whenever there is a good alternative. This certainly makes sense if you live in an urban area where you have access to standard mass transit systems.

Another great option for those who want to reduce their mileage is carpooling.

Never leave your car unlocked and running while you dash in to get something. This simple act makes it very easy for thieves. Car thieves are known to go for easy targets. It certainly doesn't get easier for a thief than an unlocked car with a running engine.

Do your best to always ensure your policy never lapses.It will make you pay expensive rates for a considerable length of time. It's easy for this to happen to some individuals while they are switching to another insurance provider.

To avoid this, make sure that the new policy is fully in place before you terminate the previous one. It appear to be simple but, believe it or not, many individuals are paying higher rates today simply because they were negligent in this.

You'll be given lower premiums if you make your payments by Electronic Funds Transfer (EFT). This authorizes your insurance provider to automatically withdraw your payments from your account when due. This saves the insurance company in many ways such as eliminating the cost of mailing payment notices and the expense of processing checks. Your rate is therefore lowered to reflect the cheaper cost of giving you insurance.

Do your best to always drive carefully. You'll be making a good resolution to stay away from the wheels if you take alcohol.

Driving while drunk, howbeit slightly, will make you pay very expensive rates if you're lucky or be forced to stay without car insurance if you're not so lucky. And don't overlook little things like speeding tickets because they cost you far more than what you pay as fines. They eventually raise your rate. So, if it's a violation of traffic laws, avoid it no matter how negligible it may seem at the moment.

.Do your best to install theft-deterrent devices in your car. They usually get you an anti-theft discount for the simple reason that they make it less likely that you car will be stolen. Cars without such devices are easy targets for thieving rats.

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