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Sunday, May 24, 2009

Cheaper Vehicle Insurance -- How To Save Much

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. If you made this kind of mistake then you can save yourself a lot of bucks by quickly removing an unused car or cars from your policy.

Some insurers will give you a discount if you belong to 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. False representation is fraud and affects everyone's auto insurance rates negatively.

If you're one such people who don't care what your actions cost the rest, then be informed that your insurance provider will cancel your policy once they discover your details are false.

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).

Reports have it that the average American family pays about $1,500 extra premium dollars because of insurance fraud. Help make the world a better place by doing your bit to ensure we don't have to pay a lot more.

You'll get a No Claims bonus or discount if you do not make any claims for about four years. Those who understand how to take advantage of this often handle very minor repairs and fixes and so easily become eligible for this discount. 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.

Using your parents' auto insurance policy is another alternative for you an under twenty five. If you're of driving age, then your parents certainly are far above 25 years which means they are better risk drivers.

There are two conditions that you must fulfill to make this possible: The vehicle must be registered in your parents' name and you must live with them. This means that they legally own the car. If the benefits of "independence" outweigh your car insurance savings then this is definitely not alternative for you.

Car Insurance For Teens

And...

Take out some time to visit at least five insurance quotes sites that return quotes on auto insurance policies. This will take you not more than 25 minutes.

As you visit each site, make sure you input the same details. Doing otherwise will produce misleading results. When you've obtained your auto insurance quotes, compare them to see which serves your interest best in price/value. - 21396

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