If you are planning to invest in a new car, there may be one factor that could be plaguing your mind - the high insurance premium. With the rise in prices, it is inevitable that insurance premiums have also increased over the years. However, we have come up with a list of ingenious ways that would lower your car insurance quote and get you the best deal on your investment.
Compare and switch - Rule 1 of the game is to never remain stagnant with just one insurance provider. Instead you should keep checking and comparing the rates offered by other providers every 6 months. A recent study revealed that people who compared rates and switched their providers every 6 months were able to save an average of $300 on their insurance premium.
Invest in a cheaper vehicle - The cost of your car is a major determining factor that will increase or decrease the amount of insurance you have to pay. A high-end car would obviously come with a higher insurance premium amount. Depending on your situation and need, it is best to go for a cheaper vehicle. This would substantially lower your insurance premium.
Fool-proof security - The security of your car is a major factor that influences the cost of your insurance premium. This is especially true for high-end cars that are more susceptible to theft. Installing fool-proof security measures in place such as a tracker device would give you a large reduction as it is difficult to steal such a car.
Avail of multi line insurance discounts - A lucrative offer that is overlooked by most consumers is the multi line insurance discounts issued by various providers. Usually, when you purchase your home and auto insurance from the same provider, most companies will give you a multi line insurance discount, which experts say can enable you to save as much as 15% on the two premiums.
Student/Senior citizen discounts - If you are a student or a senior citizen, be sure to take advantage of the discounts given to both categories. Insurance providers dole out discounts to students with good grades as they are of the opinion that a responsible student would in turn be a responsible driver. Senior citizens over the age of 50 can avail of several discounts as insurance companies consider them to be experienced and conscientious drivers.
Defensive driving courses - In addition to making you a better driver, completing a defensive driving course would also make you eligible to several discounts given by insurance providers. However, before you jump into anything, make sure that the course fee incurred does not exceed the discount on your insurance policy.
Maintain a flawless record - When it comes to deciding your premium amount, insurance companies take into account several factors as part of their rating process. One of these includes your driving record, which helps them gauge if you are a liability to them. Any prior driving convictions would only increase the premium amount on your insurance. Hence, it is best to maintain a flawless record so that your carrier does not over price you.
The above were just a few of many ways by which you can significantly lower your car insurance quote. Getting the best deals on your investment should be a priority as it can help you save good amount of money while effectively safeguarding the liability of your car.
Kachalla Kolomi is an Internet Marketer and Infopreneur. He has researched and written several articles in various fields. Some of his articles which are related to providing cheap car insurance quotes can be found at http://www.makemoneyonsite.net/car/index.php one of the web's leading info website.
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