Wednesday, August 26, 2009

Inexpensive Car Insurance -- How To Pay Less

By Chimezirim Odimba

Do you have a car you've not driven in months? Is one of your cars been covered in the garage for up to six months because it's broken? Is this car still on your auto insurance policy or have you removed it?

The painful reality is that more people than you could imagine are paying higher rates than they should because of such negligence. Don't make this mistake.

You will enjoy discounts with many insurance providers if you're part of an auto club. Even if this discount is quite little it's still something.

Make sure you do NOT give false details when you complete your forms. One of the factors that has kept rates as high as they are is insurance fraud. It's making everyone pay a lot more.

Furthermore, an insurer has the right to cancel your policy if you give false details.

I hope you know that this will invariably make you a higher risk and this means you'll pay more for your next policy. This is partly because of the added cost you'd bear if your policy lapses (which is what would happen if your insurer cancels your policy).

It's been estimated that insurance fraud adds up to $1,500 to the average family's insurance premium annually. Help make the world a better place by doing your bit to ensure we don't have to pay a lot more.

Policyholders who do NOT make claims for up more than 3 years get a No Claims bonus. Here's a tip: Even though you might have cause to make a claim, don't if they are minor issues. So check what it will cost you to fix the problem and what you'll gain with a No Claims discount and choose whichever will serve your best interest.

Get Your Free Auto Insurance Quotes Now And Save!

Using your parents' car insurance policy is another option for you an under 25. The fact that you're of driving age means that your parents are of a lower risk age group.

There are two conditions that you must fulfill for this to be possible: The vehicle must be registered in your parents' name and you must live with them. If you want to own your car, then be the big boy or girl and also own the higher rates. Sorry, you cannot have both with this option. However, you can still make massive savings by following the link at the end of this piece.

And...

You will save a lot if you do shop around and do thorough comparison. The range of quotes returned per request could be as wide as $1,000 for a given person. Notwithstanding that this is a good thing, it's crucial that you don't get carried away. It's not normally that straightforward if you're after the best price to value ratio.

The cheapest price may not give you the best price/value. Although each of the quotes offered will definitely give you the same basic coverage, there may be a lot of differences in the details of coverage. This makes it crucial that you find out if there aren't any exclusions that won't serve your best interest.

Don't forget to treat these no-obligation quotes just that way. Don't feel you have to pay until you've got all your questions answered to your satisfaction. You will be spared rude shocks later if you do this.