How to save money on Car Insurance.

Car Insurance is a costly expense but it is not an option. Auto Insurance is the law. Finding the best rates for affordable car insurance can be overwhelming and challenging. Here is some information for you on how you can save on car insurance.

You may already have car insurance in place however you should not always assume that your current insurance company is giving you the best rate. You should shop around for auto insurance every year before your policy is about to expire. Insurance companies compete with each other and we should use that to our benefit. You may find that you will pay half of the insurance premium you paid a couple of years back.

It is wise to have all insurance policies with the same insurance company. This will give you a discount on all your policies and can save you up to 10%. Whether you own a home or have a spouse or child with a car in the same household, it makes sense to insure them all with the same company.

If you didn’t take a driving education course when you first got your license then now is the time. Most insurance companies offer discounts for drivers who have taken training.

Many car insurance companies base their rates not only on who is driving but also how much you will be driving. You can expect to pay more if your commute to work is long than if you worked around the corner.

Your driving record will affect your insurance premium. Most people already know this but if your driving record is blemish free, your premium will be lower than if you’ve a conviction or accident. If you have a claim then most car insurance companies will increase your premium.

Increase your deductible. The deductible is the amount of a claim that you are willing to pay. If you have a $500 deductible and you put a claim for $1500 then you will pay the first $500 and the insurance company will pay $1000. Increasing the deductible can reduce your premium by 5% to 10%.

Before you purchase a vehicle, be sure to get insurance quotes that you are planning to purchase. The type of car you drive will affect your insurance premium.

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Saving on car insurance

We all know that it’s illegal to drive a car or any motorized vehicle without valid car insurance. Car Insurance is extremely important for many reasons but paying more money for insurance over another insurer doesn't mean you’re getting better service. The rule “you get what you pay for” DOES NOT apply here. You want to make sure you’re getting the coverage you need at the best rate possible. Some Insurers charge twice as much as others for the very exact coverage but there are some factors for you to consider that will impact your premiums and allow you to save on car insurance.

Here are just a few factors to consider:

· Insurers don’t advertise prices so don’t assume that you’re getting the better rate. You must research for the lower cost. Each insurer prices differently for different customers.
· If you’re thinking about purchasing a car, contact insurers to inquire which cars are cheaper to insure then use this information in your search. Considering a car which is cheaper to insure can save you money in the long run.
· Choosing the right driving school for when your child is ready to drive will not only ensure they get the proper training which will ease your mind when they’re behind the wheel but you’ll also save on your car premiums.
· If you have more than one vehicle it may be wise you insure them both with the same insurance provider. This stands true for any additional insurance you may have such as homeowners insurance or condo insurance.
· Consider changing your deductible. If you’re able to afford having a higher deductible should something happen to your car then it may be wise to change your deductible from $500 to $1000 for example. This will lower your insurance premium.
· If you have an older car with high kilometres and in bad shape then you may want to discuss with your insurer cancelling collision insurance to save money. If you’re car is worth less or equal to your deductible you may be able to save that money and put it towards a newer car.
· Traffic tickets have a big impact on your premiums and can end up costing you more than double what you’re currently paying so drive carefully.
· Notify your insurance company if you’ve moved to a safer neighbourhood or are now working from home. Both these factors may save you on your car insurance.

The above may take extra time but it’s the best way to ensure that you are receiving the best car insurance rate possible. For more valuable information, please visit http://prudentvaluecars.com/

Saving on Car Insurance and Getting the Lowest Rate

Everyone wants to save money, and a great deal is always a welcome sight for anyone. There are plenty of areas of your life where you can cut costs and save yourself some cash, but one you may be overlooking is your auto insurance. Since all car loans will require you to carry car insurance of some form, there's no real way to completely dodge the bill. Saving on car insurance is a great way to put some extra money in your bank account. It's also easier than most people realize. While some ways to cut your car insurance bill may not be feasible for you, others could very well lower your rates drastically.

The most important rule for saving on car insurance is simply to shop around.

• A number of people are probably paying too much for car insurance but don't bother changing it because they don't feel like dealing with the hassle.
• But when you consider that some studies estimate that rates can vary by up to five hundred dollars for six months' worth of coverage, taking the time to get a few quotes suddenly seems like a worthy endeavor.
• Get at least three quotes, but get even more if you can. It's the best way to know if you're paying too much.

You should also take the time to inquire about discounts on car insurance.

• Some companies may tell you about them immediately, while others may hold back on explaining them. You can get discounts for combining insurance, for taking defensive driving courses, and even for being a loyal customer.
• You can also get a lower rate by dropping coverage. In some cases, the bare minimum coverage required by law can be hundreds of dollars cheaper, although it will leave you at a higher financial risk during an accident.

Even your credit score can have an effect on your car insurance price. Poor credit could cause you to pay up to thirty to forty percent more for car insurance than someone with good credit, another reason rebuilding bad credit is important. Finally, consider raising your deductible. Like lower coverage, it will leave you at a higher financial risk but can lower your monthly payments tremendously. Saving money on car insurance can help you put groceries on the table and put extra cash in the bank. These tips will make it easier for you to lower your insurance payments while still keeping you covered. For more valuable information, visit www.prudentvaluecars.com

How to get lower rates on your car insurance?

Car insurance is one of the major costs of owning and operating a vehicle. So, how do you get the best rates available?

First thing to know: Rates will vary not only on who you are, (for example, a male teenager), but also on your driver record. Certain groups, such as first-time drivers, will have to pay higher rates as will drivers who have had accidents or traffic tickets. Both of these groups are assessed as higher-risk motorists.

However, even if you have a poor driving record, you should still seek out the lowest cost car insurance for your particular circumstances.

Canvas the major car insurers

One web site which is really helpful in accessing a wide range of insurers in your locale is: www.insurancehotline.com.

The insurers on this web site will tend to be either national or even multinational firms. But at least by finding out the rates of the major car insurers first, you will have a sense of how much the market is charging for someone with your traffic history. Always be up front about your traffic history, otherwise you may be charged a higher rate than you were originally offered. Use these rates as a basis of comparison when you find other deals.

Check out benefits as well as rates

Be sure to compare not only the premiums charged but also the services and benefits offered by the insurer. Also, ask about rate discounts which are not always advertised, but could be offered if you ask.

For example, rate discounts may apply if:

· you are a senior or a member of the military

· you are a graduate of a driving academy

· you keep your car in a garage or a locked yard.

Search the internet

The internet has taken the drudgery out of comparison shopping for many products including auto insurance. The Web has also been a boom for niche marketing. This means that instead of an inflexible national or multinational insurer, you might instead find a smaller insurer better able to help you at a lower rate. Just be careful that the firm is reputable and conscientious about settling claims.

Remember, if a deal sounds too good to be true, it probably is.

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The Issues that Affect your Rates with Car Insurance

Car insurance is a must.An accident without insurance can be a huge financial burden, and driving without insurance is illegal in most places.Most people today are dealing with financial difficulties and finding ways to save money is important.Car insurance is one area that you may be able to save money on, and many people don't realize that there is a huge array of different factors which affect your insurance rates.Knowing the various things that can drive up your premiums may help you keep your monthly payments low and make it easier to make the rent or put groceries on the table.

First of all, there are a few basic things that you can do which will change the price you're paying for car insurance.The most obvious is simply to maintain a clean driving record.Avoiding accidents, tickets, and building up a solid history of safe driving experience will help tremendously.In fact, in most cases the longer you've driven, the lower your payments will be.Even your car can affect your car insurance payments.A fast, flashy sports care will cost more to insure than a sedan since there's a greater risk associated with it of both theft and accident.

You should also take the time to shop around.Simply taking the first quote you're given is the best way to pay too much for car insurance.Instead, comparison shop and get as many different quotes as you can so that you can compare the price of all of them and find the best option for you.Be sure to ask about discounts as well since most companies offer discounts if you bundle insurance coverage, have passed a defensive driving course, or have been with them for years.It never hurts to ask about discounts, and you may very well be able to save money.

Another thing that has an effect on the cost of your car insurance is to adjust your deductible.If you have a high deductible, you'll have to pay more out of pocket in the event of an accident before your insurance company will start to pick up the bill.This added risk on your shoulders can lower your monthly premiums and make it easier to pay all of your bills each month.The specific of your coverage will also affect the price you pay, and dropping unneeded features could save you money.A number of issues will affect your car insurance bill, and knowing them could help you save big.

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Don't Overpay on Car Insurance – Getting a Good Deal

Don't Overpay on Car Insurance – Getting a Good Deal

If you are a driver in Ontario, there is a good chance you might be paying too much for car insurance. Car insurance can often be obtained for less than we're currently paying. There are web sites like F.S.C.O. (The Financial Services Commission of Ontario is a regulatory agency of the Ministry of Finance that regulates insurance in Ontario.) there you can check information to see if you are in fact paying too much on car insurance and if you are, you will be able to cut back on your payments by getting a new policy. In a tough global economic market, it is important that you don't overpay on car insurance and that you focus on getting a good deal.

If you are looking to get a good deal on car insurance there are benefits and perks you will want to sign up for. For one thing, you will want to get a newsletter from a service that monitors car insurance rates. That way you can keep an eye on the market and get a sense of if you are over paying or not. When you see something that looks like a good deal, you can act on it. Some places will also send you updates via text or tweet. This is a great option for people who use the social media as a way to get all their information.

Another helpful service you can take advantage of is renewal reminders. This will let you know when it is time renew your car insurance. We all need to keep on top of important dates and this service will be of assistance to you so that your insurance doesn't run out without you even realizing it. When you are paying for car insurance and looking to pay less, you won't want to miss a payment or spend time without renewing your insurance because this will make it harder on you to get a good rate.

Another benefit to trying to get a lower car insurance rate is that many times insurance companies offer bundles of different kinds of insurance, so you can often get lower rates on other insurance payments you have as well. It is important to be a good client or customer and make all payments on time and of course it doesn't hurt to also avoid accidents or things that make your insurance rates go up. It is possible to pay less than you are paying now if you just shop around a bit and stay informed on what all your options are. 

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How to Save On Your Car Insurance in Canada

Car insurance premiums in Canada can vary by hundreds of dollars from one company to another. It’s hard to get a good deal on car insurance and even harder to keep your premiums from rising. We are always searching for ways to save so here are some suggestions:

Increasing your credit score – Almost all insurance companies pull a credit report because they see a connection between your credit score and the likelihood of you filing a claim. If you pay your bills in a timely manner and kept the same credit accounts for a while, you seem more stable that those who open and close accounts frequently. This is one factor that helps the insurer determine your insurance rate. You should clean up your credit history as soon as you can to start saving money.

Pay in Full – Not many people are able to pay their insurance annually. The majority payments are set up monthly or quarterly. Insurance companies charge a premium fee to break up the payments and the more you break them down, the more fees you will pay. If you’re able to pay in full, you will save yourself a few dollars, try to pay semi annually if not, try quarterly and if not, stick to monthly. Sometimes if you’re in financial hardship, the few dollars you save is not worth the pain of paying a big lump sum.

Higher Deductibles – When you file a claim, the deductible is the amount you pay before your insurance kicks in. The higher your deductible, the lower your premium so if you’re increasing your deductible from $500 to $1000 on collision, you can save yourself 30% or more. This means that if you had to file a claim and the claim was for $2000, you will have to pay the first $1000. If you have an older vehicle, it may not make financial sense to pay premiums for collision and comprehensive coverage, especially if the value of your vehicle is under $1000.

Buy a low profile car – Cars that have a high theft rate like a Honda or are expensive to repair have higher insurance rates. Prior to purchasing a car consider all the facts about the vehicle. Also keep in mind that many insurers give discounts for safety features such as car alarms, antilock brakes and air bags.

It’s always a good idea to maintain a relationship with your insurance agent or any creditor for that matter.

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The Basic Need to Know Changes to Auto Insurance

The Financial Services Commission of Ontario (FSCO) is the provincial regulator of insurances and they have introduced reforms to auto insurance with some reduced benefits and extra charge options that have come into effect September 1st, 2010. You may have already received some information in the mail from your current insurer. If you are not aware of the changes, here are the basics to review.

Through reduction of claims cost, the new changes are an attempt to stabilize the current trend of increasing premiums in the long term, expedite the medical assessment process as part of an accident benefit plan and to provide you with more options and flexibility to purchase coverage that best suits your needs and budget. These changes will affect drivers buying a new policy or renewing an existing policy as of September 1, 2010.

What questions should I be asking my broker?

· What am I paying for?
· How much of my benefits have been reduced from before?
· How much did those reductions save me?
· How much does it cost to restore my benefits?

Other than reduced benefits and extra charge options, here are just a few other key changes that were also made:

· Prohibiting use of credit scores in giving quotations for your auto insurance rates.
· Accidents where you are 25 per cent or less at-fault will no longer affect your premium.
· If you have a minor injury due to an auto accident, your medical and rehabilitation accident benefits are limited to $3,500 regardless of the coverage level you have selected.

For more details on the changes made to automobile insurance in Ontario visit the Financial Services Commission of Ontario website and speak to your insurance professional.

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