Cheap Vehicle Insurance Rate -- Simple But Guaranteed Tips

1. Ensure your vehicle insurance policy is not allowed to lapse no matter what.. You'll get very expensive rates for a long time if you let this happen albeit by mistake. It's easy for this to happen to some individuals when they are switching to another insurer.

One way to be certain you do NOT make this type of mistake is to leave your old policy intact until you're sure the new policy is fully in place. As simple as this may seem, a lot of people are bearing the burden of exorbitant rates because of this silly little oversight.

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2. If you decide to pay your premiums monthly, you will pay higher rates. Yes, paying monthly might be convenient but they are also much more expensive.

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

Besides there are also administrative costs that are incurred due to the monthly payment option. A clear example of such is the expense associated with sending out payment notices..

These costs plus a profit margin for this feature is factored into your rates making it more than the same profile that pays yearly every year.

3. Do you know of all the discounts that your insurance carrier offers? Since agents too are human they might not remember to tell you about some discounts you are eligible for. The only way to ensure this is not true in your case is by telling your agent to list out all discount that your preferred insurance carrier offers. You might get a very pleasant surprise!

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4. Take part in a defensive driving course. In addition to the fact that they will improve your driving, they will show your insurance carrier that you're taking active steps to reduce your risk level.

5. An easy but rewarding way of lowering your automobile insurance rate is by authorizing an EFT (Electronic Funds Transfer). This simply means your insurance provider takes your premiums automatically from your account at specified periods without mailing you payment notices. This removes administrative overheads like those involved in mailing payment notices. This is why this attracts cheaper rates.

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6. While you take these other steps to reduce your auto premium, here's something you can do to start enjoying lower rates now: Visit good quotes sites and get quotes.

Visit not less than five of such sites for the best results. It's free, quick and easy. Make sure you give your correct details as you fill the questionnaires on each site. Thereafter, just pick the insurer that represents the best price/value from the quotes you've obtained.

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