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Tuesday, November 3, 2009

Automobile Insurance -- Read The Following Steps If You Want Cheaper Rates

By Chimezirim Gabriel Odimba

You can lower your rates considerably by compromising the scope of coverage you get. That's NOT advisable. Nevertheless, you can pay much less for superior coverage if you know the things that matter and take necessary precautions. These are tips that are good for you...

1. You can reduce your premium by taking advantage of a multi-vehicle discount. Nevertheless, there are some cases where you'll make more savings by insuring each car with different insurance carriers. You can be sure by simply doing a little research before taking this step. But however you look at it, a multi-vehicle discount is one way to get more affordable rates.

Cheapest Car Insurance

2. Holding several policies with the same insurance carrier also attracts a reasonable discount. That is, for instance, if you buy your auto insurance policy from the very provider which covers your home owners' insurance.

Nevertheless, note that you might be better served if you purchase your various policies from various carriers who give you the cheapest rates for each policy. It is advised that you get and compare quotes. Once you do this, you won't be be taking chances as you make your choice because know definitely which saves you more.

3. Mechanisms such as automatic gas cut-off, alarms and other anti-theft appliances are helpful. They normally attract a discount for the simple reason that they make it less probable that you car will be stolen. Car thieves will think twice before trying to go for a vehicle with theft-deterrent mechanisms.

4. You will enjoy discounts with many insurance providers if you're part of an auto club. Although you shouldn't look to attract huge discounts for this, every little discount you can get will add up to much when added to other such discounts.

5. A careful re-assessment of your policy could reveal a few places you're throwing away money. It is painful to note that many people still pay for coverage points they needed some time in the past but no longer need for at the moment. Have you though of dropping your just-wedded girl from your policy?

Also, there are discounts you might be entitled to. You might also no longer need certain coverage types.

So, don't forget to revisit your policy periodically. Spotting albeit one thing that you no longer need on your auto insurance policy and dropping it will help you save. - 21396

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