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  1. #1
    Liss
    Guest

    Default How to Save Money on Auto Insurance

    
    How to Save Money on Auto Insurance

    By Philip Reed

    There is a very good chance that you are — this very moment — paying too
    much for your car insurance. There is an even better chance that you could
    get a better rate, from another insurance company, than you could from your
    existing insurer.


    So why not take an hour or so and review your policy for potential savings?
    Or, if you're fed up with the high insurance rates from your current insurer,
    shop around for a new company.

    The Internet has created increasing competition between insurance companies.
    It is easier than ever for consumers to shop for low insurance rates, to
    analyze coverage and compare premiums. Still, studies have shown that people
    don't shop around for insurance in the same way they might shop for a new
    car. Also, people tend to stay with the same insurance company for years. Why
    not prove these studies wrong? Put the power of the Net to work for you and
    save money in the process.


    > You can save on auto insurance in five ways:
    >
    > Make sure you get all discounts you qualify for
    > Keep your driver's record clean and up-to-date
    > Adjust your coverage to assume more risk
    > Drive a "low profile" car equipped with certain money-saving safety
    > features
    > Shop around for a good, low cost insurance providerFirst, let's look at the
    > discounts you might qualify for. Discounts fall into a number of
    > categories:
    >
    > Low-risk occupations
    > Professional organizations
    > Combined coverage
    > Discounts for safety features
    > More risk assumed by driver
    > Discounts for senior citizens

    Low-Risk Occupations
    Insurance is a numbers game. Adjustors collect information about what types
    of people get into accidents. Over the years they see a trend. Drivers that
    work as engineers tend to get into fewer accidents. Why? It would be fun to
    speculate about the reasons (pocket protectors — need we say more?) but the
    insurance companies don't really care about that. All they know is that, in
    fact, engineers are a low risk. Since there is less chance that they will
    wrap their cars around the trunk of a horse chestnut tree, they charge
    engineers less for insurance. Simple.

    But you say you are a teacher instead of an engineer? You might still be in
    luck. There may be discounts for teachers. You never know unless you ask —
    and unless you shop around. Not all insurance companies are the same.

    Professional Organizations and Auto Clubs
    Have you ever been about to pay $100 for a hotel room, only to discover that
    a AAA discount saves you 15 percent? Now you're paying $85 and feeling proud
    of yourself. It's similar in the insurance business. Affiliation with AAA —
    and certain other professional organizations — will lower your rates. You
    should check with your employer to see if there are any group insurance
    rates. At the same time try checking directly with the insurance company
    representative when you inquire about the cost of policies.

    Combined and Renewal Discounts
    A big source of savings is to insure your cars with the same company that
    insures your house. Make sure you ask if combined coverage is available. This
    will lower your payments on your car insurance and make your homeowner's
    policy cheaper too.

    It's also important to make sure you are getting a "renewal" discount that
    many insurance companies offer. This is a discount given to people who have
    been with the same insurance company for an extended period of time. If you
    have carried insurance with a company for several years, and not had an
    accident, your insurance company likes you. Think about it. You paid them a
    lot of money and they didn't have to do anything except send you bills and
    cash your checks. True, they were ready to do something if you got in an
    accident. But you didn't get into an accident so they're happy and want to
    continue their relationship with you. A renewal discount is a good incentive
    to urge you to return. And it's a good reason for you to stay with them.

    Discounts for Auto Safety Features
    Auto safety features will also lower your payments. Heading the list of money
    saving safety features is antilock brakes. Certain states — such as Florida,
    New Jersey and New York — encourage drivers to buy cars with antilock brakes
    by requiring insurers to give discounts. Check to see if you live in such a
    state, or if the insurance company you are considering gives a discount for
    this feature. Automatic seatbelts and airbags are also frequently rewarded
    with insurance discounts.

    Assume More Risk
    Two powerful ways to bring your coverage down is to assume a higher risk.
    This is done in two ways. The most dramatic reduction can be realized by
    dropping your collision insurance on an older car. If the car is worth less
    than $2,000, you'll probably spend more insuring it than it is worth. The
    whole idea of driving an older car is to save money, so why not get what is
    coming to you?

    Another way to redesign your policy — and save money in the process — is to
    ask for a higher deductible. The deductible is the amount of money you have
    to pay before your insurance company begins paying the rest. In other words,
    you pay for the little dings and bumps and let your insurance company pay for
    the heavy hits.

    For example, a common deductible amount is $500. This means if an accident
    you're in causes $1,500 worth of damage, you pay $500 and the insurance
    company pays $1,000. You could, however, set your deductible to $1,000. This
    still covers you against heavy losses, but it may decrease your monthly
    premium by as much as 30 percent.

    As a final note, if you are being strangled by high insurance costs, keep
    this in mind when you go car shopping next time. The more expensive and
    higher-performance the car is, the higher the premium will be. This is
    particularly true of cars that are frequently stolen, or are expensive to
    repair. The insurance company keeps this in mind when setting their insurance
    rates for this vehicle. Shop for a low-profile car and get your kicks in
    other ways. You'll love the savings.


    ~Enjoy !~
    Liss
    Listmom & Creator/Designer of www.Budget101.com




  2. #2
    Wendy
    Guest

    Default How to Save Money on Auto Insurance




    <TD id="INCREDITEXTREGION" dir="ltr" style="FONT-SIZE: 12pt;DIRECTION: ltr;" vAlign="top" width="100%">
    My sister just did this. She found another insurance company that gave her better coverage and added renters' insurancefor an additional $12 because her record was so clean and she got a discount for insuring a 2nd vehicle. The guy she talked to said his record isn't even that clean and he works for the insurance company....haha!!! This company also has it where you renew your policy yearly and it's the same rate each month.

    Really do shop around, especially these days with the cost of everything going up!


          Wendy
    <FONT face="Monotype Corsiva" color="#dd006f">myspace.com/novaprincess79
    <FONT face="Monotype Corsiva" color="#dd006f">newstarsisters.bravehost.com

    -------Original Message-------


    From: Liss
    Date: 6/7/2008 5:54:01 AM
    To: Budget101_@yahoogroups.com
    Subject: Budget101.com : How to Save Money on Auto Insurance




     How to Save Money on Auto Insurance

    By Philip Reed

    There is a very good chance that you are — this very moment — paying too
    much for your car insurance. There is an even better chance that you could
    get a better rate, from another insurance company, than you could from your
    existing insurer.


    So why not take an hour or so and review your policy for potential savings?
    Or, if you're fed up with the high insurance rates from your current insurer,
    shop around for a new company.

    The Internet has created increasing competition between insurance companies.
    It is easier than ever for consumers to shop for low insurance rates, to
    analyze coverage and compare premiums. Still, studies have shown that people
    don't shop around for insurance in the same way they might shop for a new
    car. Also, people tend to stay with the same insurance company for years. Why
    not prove these studies wrong? Put the power of the Net to work for you and
    save money in the process.


    > You can save on auto insurance in five ways:
    >
    > Make sure you get all discounts you qualify for
    > Keep your driver's record clean and up-to-date
    > Adjust your coverage to assume more risk
    > Drive a "low profile" car equipped with certain money-saving safety
    > features
    > Shop around for a good, low cost insurance providerFirst, let's look at the
    > discounts you might qualify for. Discounts fall into a number of
    > categories:
    >
    > Low-risk occupations
    > Professional organizations
    > Combined coverage
    > Discounts for safety features
    > More risk assumed by driver
    > Discounts for senior citizens

    Low-Risk Occupations
    Insurance is a numbers game. Adjustors collect information about what types
    of people get into accidents. Over the years they see a trend. Drivers that
    work as engineers tend to get into fewer accidents. Why? It would be fun to
    speculate about the reasons (pocket protectors — need we say more?) but the
    insurance companies don't really care about that. All they know is that, in
    fact, engineers are a low risk. Since there is less chance that they will
    wrap their cars around the trunk of a horse chestnut tree, they charge
    engineers less for insurance. Simple.

    But you say you are a teacher instead of an engineer? You might still be in
    luck. There may be discounts for teachers. You never know unless you ask —
    and unless you shop around. Not all insurance companies are the same.

    Professional Organizations and Auto Clubs
    Have you ever been about to pay $100 for a hotel room, only to discover that
    a AAA discount saves you 15 percent? Now you're paying $85 and feeling proud
    of yourself. It's similar in the insurance business. Affiliation with AAA —
    and certain other professional organizations — will lower your rates. You
    should check with your employer to see if there are any group insurance
    rates. At the same time try checking directly with the insurance company
    representative when you inquire about the cost of policies.

    Combined and Renewal Discounts
    A big source of savings is to insure your cars with the same company that
    insures your house. Make sure you ask if combined coverage is available. This
    will lower your payments on your car insurance and make your homeowner's
    policy cheaper too.

    It's also important to make sure you are getting a "renewal" discount that
    many insurance companies offer. This is a discount given to people who have
    been with the same insurance company for an extended period of time. If you
    have carried insurance with a company for several years, and not had an
    accident, your insurance company likes you. Think about it. You paid them a
    lot of money and they didn't have to do anything except send you bills and
    cash your checks. True, they were ready to do something if you got in an
    accident. But you didn't get into an accident so they're happy and want to
    continue their relationship with you. A renewal discount is a good incentive
    to urge you to return. And it's a good reason for you to stay with them.

    Discounts for Auto Safety Features
    Auto safety features will also lower your payments. Heading the list of money
    saving safety features is antilock brakes. Certain states — such as Florida,
    New Jersey and New York — encourage drivers to buy cars with antilock brakes
    by requiring insurers to give discounts. Check to see if you live in such a
    state, or if the insurance company you are considering gives a discount for
    this feature. Automatic seatbelts and airbags are also frequently rewarded
    with insurance discounts.

    Assume More Risk
    Two powerful ways to bring your coverage down is to assume a higher risk.
    This is done in two ways. The most dramatic reduction can be realized by
    dropping your collision insurance on an older car. If the car is worth less
    than $2,000, you'll probably spend more insuring it than it is worth. The
    whole idea of driving an older car is to save money, so why not get what is
    coming to you?

    Another way to redesign your policy — and save money in the process — is to
    ask for a higher deductible. The deductible is the amount of money you have
    to pay before your insurance company begins paying the rest. In other words,
    you pay for the little dings and bumps and let your insurance company pay for
    the heavy hits.

    For example, a common deductible amount is $500. This means if an accident
    you're in causes $1,500 worth of damage, you pay $500 and the insurance
    company pays $1,000. You could, however, set your deductible to $1,000. This
    still covers you against heavy losses, but it may decrease your monthly
    premium by as much as 30 percent.

    As a final note, if you are being strangled by high insurance costs, keep
    this in mind when you go car shopping next time. The more expensive and
    higher-performance the car is, the higher the premium will be. This is
    particularly true of cars that are frequently stolen, or are expensive to
    repair. The insurance company keeps this in mind when setting their insurance
    rates for this vehicle. Shop for a low-profile car and get your kicks in
    other ways. You'll love the savings.


    ~Enjoy !~
    Liss
    Listmom & Creator/Designer of www.Budget101.com











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