Lower Auto Insurance Rate -- Easy But Proven Tips

1. Do your utmost to always make sure your car insurance does NOT lapse. You'll get more expensive rates for a considerable length of time if this happens to you albeit mistakenly. It's easy for this to happen to some people while they are changing to another insurance provider.

One way to ensure you do NOT make this type of mistake is to leave your old policy intact until you've confirmed that the new policy is fully in place. Many people are paying more than they would otherwise simply because they made this mistake. So do take care so you don't become one of them.

2. You'll pay cheaper rates if you choose to pay your premiums yearly and not monthly. You might be sold thatThe ads may show that paying monthly is less stressful but what you're not told is how much extra you pay for it..

If you do transactions with banks you'll agree with me that each check you process is considered transaction which attracts a certain charge. While a yearly payment calls for just one check and therefore one transaction every year, monthly payments attrract twelve. This means that you will pay transaction fees 12 times..

There are also administrative costs to your insurer that result just from taking monthly payments. For example, it costs insurance companies millions of dollars annually to mail payment notices..

These and more are then added to your premium thus making it higher than if you paid yearly.

3. You'll attract more affordable automobile insurance premiums if you pay by Electronic Funds Transfer (EFT). This simply means your insurance provider withdraws your premiums automatically from your account at specified periods without mailing you payment notices. This saves your insurer in many ways such as eliminating the cost of sending payment notices and the cost of processing checks. Your insurance carrier gives you part of what they save by bringing down your rates.

4. You can save much by visiting a minimum of 5 quotes sites. If you do this, you'll make it most likely that you'll get all the lowest auto insurance quotes available because five sites will give not less than 25 quotes altogether.

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