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Wednesday, September 9, 2009

Five Steps To Lower Vehicle Insurance

By Chimezirim Odimba

Would you appreciate cheap rates for sufficient coverage? Then read through and implement the following sure-fire steps to paying a lot less...

1. If you are a above 55 years you can bring down your rate if you completed courses recommended for elderly drivers. You can lower your monthly premium by as much as 10% if you go through this course. You are advised get details about this from your agent.

2. several insurance providers offer a retiree discount. You will definitely NOT drive as frequently as you used to do the moment you are retired. Driving less will result in reduced mileage which certainly makes you a better risk.

Note that you qualify for this if you are retired. Get your insurer's position on this. And, if your agent says they don't offer this very discount, do your utmost to show the big adjustment in your mileage. You are entitled to a reduction in rate if the decrease in mileage is big.

3. .Do your best to have theft-deterrent systems in your car. The risk of theft is a strong parameter that influences your rate. And since these mechanisms lower such a risk, you'll get a good discount for them. Thieving rats have a preference for unprotected targets.

4. An outstanding credit rating will reflect favorably on your auto insurance rate. A bad credit record will make you pay higher auto insurance rates. The simple reason for this is that there's a general consensus among many insurers that there's a correlation between poor credit histories and high risks. For most insurers it is a pattern they believe you might repeat with them in premium defaults. Once you are noted as a higher risk you will get higher auto insurance premiums.

5. You could save several hundreds of dollars by just obtaining and evaluating quotes from at least five insurance quotes sites. And, it will take you just about 25 minutes on the whole. - 21396

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