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How to Get the Right Insurance
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| Autobytel.com makes insurance shopping easy |
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| Updated |
Jul 7, 2004 20:30:41 |
| Rating |
 16 ( -2 -12.5% ) |
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Description:
It is one of the biggest costs associated with personal transportation, and all too often people pay even more than they have to for adequate coverage. For most people, the extra savings just isn't enough to offset the hassle and frustration of shopping for new auto insurance. It doesn't have to be this way. Autobytel.com has developed a quick and easy way to get the best rate for your needs. Here are a variety of tips about auto insurance: Always shop around, whether you need a new policy or before you automatically renew an old one. Autobytel.com makes competing, instantly accessible quotes available at the click of a mouse. Consider more than just a rock-bottom premium. Consider the insurer, the specific exclusions of the contract, and their customer service. Research the cost to insure a particular vehicle before you buy. Expensive cars, or those oft-stolen, carry higher premiums. Narrow your vehicle search down to 2-3 models, then submit a few models for insurance quotes at Autobytel.com to see how rates can vary. Take advantage of all discounts. Companies lower premiums depending on the driver's profile. You may qualify for reduced rates: If you’re over 50, are a student with good grades, have completed a driver safety course, are female, have a good driving record, have more than one policy with the insurer, etc.. Take a defensive driving course. These consumers are frequently offered additional discounts. Consider how certain vehicle equipment impacts rates. You’ll save if your next car has safety features like anti-lock brakes and airbags. Installing a car alarm or vehicle protection device often lowers premiums. Do not choose coverage limits that are too low just to get a super-low premium. Lawsuits can be financially crippling—protect your financial future. The more income and assets you have, the higher liability you need buy. Make sure your policy covers ALL the drivers in your household. If a family member has an accident, and you left them off the policy, you’re still responsible. Consider raising your deductible on collision or comprehensive. If you increase it by $200-$500 you may cut overall rates by 15%-30%. Play with different deductible limits at Autobytel.com’s Insurance site, and compare savings. A deductible may be set, however, if you're leasing or financing. Check that before raising the deductible too high. Don't insure old and less valuable cars with expensive collision /comprehensive policies. Some experts suggest that annual collision/comprehensive should not be 10% more than Blue Book value, and most cars approach this limit-point around 5 years old. Eliminating collision coverage on older cars can save big bucks, but you pay for repairs if you get in an accident that's your fault, or if the car is totaled or stolen. When renting a car, don't pay insurance twice. Before you waive coverage at the rental office, make sure you're covered. Frequent travelers and car renters: buy that feature for your policy. Don't passively accept routine rate increases from your current insurer. Return to Autobytel.com to compare prices and policies online annually. |
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