Wednesday, May 30, 2007

How to lower Car Insurance rates

No matter what car you own, there is no escaping car insurance as car insurance is a compulsory requirement of owning a car. However, insurance costs vary depending on the model/make of the vehicle. Other factors that could affect the insurance cost are your driving history, who is the driver of the car, and what is the vehicle used for.

Even though car insurance is part and parcel of owning a vehicle, it is shocking that insurance costs have gone up. It is worthwhile to check out rates from various sources in order to secure the best deal. Luckily, there are steps we can take to lower insurance such as sometimes it may be cheaper to sign up for a new insurance rather renewing your insurance. That's what I did once and was surprised at how much I saved.

Another way to lower the insurance cost may be to add a second person that has a good driving record. It can help reduce the premium costs. If you are buying a new car, if it comes with free insurance, it would be a savings for you but then again, if you already have existing driving convictions, that would not help.

Of course, one of the surest ways to have a lower premium is to be free of claims because this will result in a discount for every year there is no claim.

Remember to shop around for the best deals. Also, loyalty pays with motor insurance so you may want to find the best insurer and stick with it. Talk about shopping, insurers advise shoppers to take it easy doing Christmas shopping so that they do not get into the Christmas car park stress.

11 comments:

  1. I like your post & I will always be coming frequently to read more of your post. Thanks

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  3. Thank you for another informative post! I appreciate your efforts.

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  6. nice posting..........its always great reading such posts, this post is good in regards of both knowledge as well as information.

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  7. hey..... good to see u again...another nice posting..thanx

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  8. Its really very Interesting article and really had me thinking will make sure I check your posts more often! It contains a useful information in it..Thanks, list of packers and movers

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  9. The rates can vary quite for the same insurance type, depending on which company you ask. The key point to savings lies in comparing many quotes, to find the insurer that will give you the best rates.

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