As gas prices approach four dollars a gallon, many personal auto insurance policyholders find themselves in a particularly painful kind of trap: most states require citizens to maintain auto insurance. For example, Florida requires drivers to carry at least $10,000 of Florida auto insurance simply to maintain their license. As gas prices eat into family budgets, it can seem impossible to keep gas in your vehicles and auto insurance on your vehicles.
And it’s not just personal auto insurance customers; commercial auto insurance policyholders feel the same crunch. According to the U.S. Small Business Administration, firms with fewer than twenty employees can spend up to 45% more per employee to meet federal and state regulations. Some of those regulations, of course, set the minimal required amount of commercial auto insurance. In light of this information, what can personal and commercial auto insurance customers do to soften the blow?
First, drive safely-and let your insurance company know it. If you’ve been free of moving violations and accidents for the last three years, check to see if your auto insurance policy carries a safe driver discount.
Once you’re focused on driving safely, consider raising the deductible on your auto insurance policies. Although this means you’ll have to pay more in the event of an accident, doubling the deductible on your policy can save you 10% or more on your monthly premiums.
Next, check into moving your auto and homeowner’s insurance to the same provider. Many insurers offer discounts up to 10% for policyholders with multiple policies.
Finally, many auto insurance consumers aren’t aware that insurance companies have begun using credit scores as one factor in setting premiums; if your credit situation is better now than it was when you first acquired your auto insurance policy, make sure your insurer is aware of that fact, or shop your policy around for competitive rates.
By: Cory Waldron
Posts Tagged ‘Auto Insurance Policy’
Auto Insurance Cost In Florida
January 23rd, 2010Auto Insurance – Tips For Women Needing Low Rate Coverage
January 22nd, 2010
Male drivers usually think that their female counterparts are no match to them when it comes to driving. This may be true, but auto insurance companies do not seem to agree with this view as research has shown that female car insurance policy holders pay less insurance premium than their male policy holders.
Reasons why females have lower auto insurance premium is of course not unconnected with the fact that female drivers have a lower risk of having an accident maybe due to the fact that they are more careful when driving. If you have understood how insurance work, you would know that this singular reason is enough for women to get much lower rates on their car insurance coverage than men.
If you are a female driver reading this and you want to save on your auto insurance policy, then you should read on because the following paragraphs will help you find out how to save more on your auto insurance policy as a woman..
The best way to find cheap auto insurance rates is to get quick vehicle insurance quotes online. Google and other search engines provide you a fantastic opportunity to do just that. All you need to do is just type a phrase like quick auto insurance quotes and results will be provided. You would find many sites on which you can do quotes comparison. Be sure to choose very reputable comparison sites.
Prospective customers can use this free tool on comparison websites and they can get multiple insurance quotes within a matter of minute with a single action. To get this multiple vehicle insurance quotes, all you need do is fill out the questionnaire provided on the site and in minutes your results will be ready.
If all these facts provided are true that women do indeed enjoy a much lower rate on car insurance than men, then women have no excuse not to take advantage of this and even explore more ways to further reduce the even low premium they pay on car insurance.
By: Chimerenka Odimba
Auto Insurance Can Cost Less With These Tips
January 10th, 2010
People today are finding it harder and harder to even save just a few dollars out of their regular incomes. One of the ways people have tried to trim their budgets is by cutting out insurance costs. Insurance can be especially expensive for some people, as costs for home, life, auto and other insurance has grown to reflect the worsening economy. For those looking for any ways they can possibly keep a few more dollars in their pocket while still meeting their insurance needs, there are a few ways you can still save some money.
The best car insurance companies will also offer discounts if you have a shorter commute. In general, insurers will offer lower rates if your daily commute is less than forty miles per day, as driving less than this distance offers a lower chance of being involved in an accident. Many urban areas also set insurance rates based on distances between your home and various freeways, so be aware of the roads around where you live.
The biggest cost savings that you can get for your auto insurance policy is through increasing the deductible you pay. By increasing the deductible, you take on some extra burden for costs in case of an accident in return for a lower cost for coverage if the car is involved in a major collision. Increasing the deductible from the standard one hundred dollars to one thousand dollars can net a savings of thirty percent per year.
Keeping your driving record clear can substantially decrease your monthly auto insurance premium. How well you drive and the number of accidents and tickets you have received all change the price you are forced to fork over every month. Stay away from accidents and speeding by practicing safe, defensive driving practices and reducing your overall accident risk. Some places even offer cash incentives for those who can keep their records clean! This is a good way to get money right back into your pocket.
You can manage to get cheap car insurance by not having to pay for superfluous extras on your policycoverage. Numerous insurance firms provide features like emergency highway assistance, and such items can make your rates considerably higher each month. While lots of drivers think they require those services, they don’t necessarily take advantage of them and you should therefore think twice before signing up for them.
Following the supplied tips to choosing good auto insurance, you can ensure that you hold onto more of your money to use for other things besides funding your insurance. Having insurance doesn’t need to break your wallet. To avoid this, you just have to pay attention to what you’re getting and how much you are paying for it.
By: Alisdair Cosgrove