What Are The Best Ways To Save Money On Car Insurance?

Posted by on Feb 6, 2016 in Uncategorized

AAA just released a study that shows driving and operating a vehicle is now $8,698 annually. This translates to a cost of approximately $725 per month! You can reduce the cost of operating your vehicle by seeking low-cost auto insurance. The following tips will help you reduce your auto insurance rates and save money every year. Get Some Money in Savings, then Reduce Coverage on Older Vehicles Assuming that your older vehicle isn’t a prized antique that you’ll want to hang on to forever, you’ll probably be replacing your older vehicle sometime in the next few years. If this is the case, then paying for full coverage could be a waste of money. To save on your premium, reduce your insurance coverage to a liability-only policy. Once you start enjoying annual premiums, you can start building up cash in the bank to help, and that will help you buy your next vehicle. Seek Higher Deductibles Higher deductibles lead to lower insurance premiums. If you do switch to a policy with a higher deductible, put the money saved into a savings account until you’ve amassed the amount of money that will equal the cost of your new deductible. This way, if you’re in an accident or if you need to make a claim for another reason, you’ll have that amount on hand. Buy a Car That’s Inexpensive to Insure You’ve probably heard myths in the past about red cars being more expensive to insure, and about the insurance rates on a coupe being higher than the insurance on a sedan. In reality, insurance companies weight these features differently when it comes to setting rates. However, safety features are one type of feature that’s almost certain to make a positive difference in the cost of insurance. Modern safety features are designed to make cars harder to crash and safer to drive. Many insurance companies reward their customers for buying cars with extra safety features by reducing the price of auto insurance. Bundle Auto and Homeowners Insurance Many insurance companies will give a discount to customers who pay for multiple kinds of insurance through their company. Getting your auto insurance bundled with your homeowners or renters will help reduce your costs. For more information about how you can save money on auto insurance, contact your insurance agent to discuss your current policy. He or she can talk to you about other ways that you can save money on your annual premiums. Visit http://www.mattroenkerinsurance.com for more...

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4 Tips For Decreasing Auto Insurance Costs If You Have A Teenager

Posted by on Jan 20, 2016 in Uncategorized

Keeping the cost of your insurance down can be challenging if you have an inexperienced driver on your policy. However, getting your teenager auto coverage is typically a part of life for most parents. The key to avoiding the high cost of doing so may greatly depend on things you do to help reduce your costs. By knowing specific tips that will reduce your auto insurance bill, this can be extremely helpful to you if you just added another person to your policy that is new to driving. Tip #1: Encourage good grades Of course, you will want your teenager to excel in school to have a better life. However, another reason for you to do so is that you may qualify for up to a 10% reduction in the costs of your coverage if your teenager studies hard. Most insurance companies offer discounts if a B average is consistently maintained by the teenager. Tip #2: Buy a used car It’s no secret that older cars will cost less to insure, but these savings can significantly increase if you have a younger driver on your policy. Doing this one thing may allow you to get simply a basic liability policy rather than a complex, comprehensive one that can cost a lot of money. Additionally, be sure to look for a used vehicle that does has safety features, such as anti-lock brakes and airbags included to keep costs down even more. Tip #3: Increase your deductible Taking the time to talk to your insurance agent about increasing the amount of your deductible is sure to be time well-spent. This is the amount that you must pay before your insurance company renders payment for any claim that you file. However, you will want to have the amount of your deductible on hand if you do have to file an insurance claim.  Tip #4: Enroll in a driving course One of the things that cause insurance rates to be higher for teenagers is the lack of driving experience. It’s ideal to offset this by enrolling this person into a defensive driving course. This may allow you to get a reduction in the amount of your overall premium. You can have insurance rates that are within reason even if you do have a teenager on your policy. Be sure to talk to your local insurance agent like one from Axiom Insurance Agency about additional ways to help you save money on...

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Five Important Things You Can Do To Minimize The Costs Of SR22 Insurance After A Drunk Driving Arrest

Posted by on Jan 5, 2016 in Uncategorized

The biggest problem for most individuals who need to get SR22 insurance because of a drunk driving arrest is the additional costs in their monthly premiums.  With a drunk driving arrest in your past, insurance companies look at you as a bigger risk out on the roads. As such, they will not insure you with premiums as low as they were before your arrest. SR22 insurance costs can get out of control if you’re not careful. The following five tips could help you minimize the costs so that you can get back behind the wheel as soon as possible: Consult with a DUI attorney after your arrest Your best bet for alleviating the financial severity of a DUI charge is consulting an experienced DUI attorney for advice. Not only can an attorney help you avoid conviction, but he or she may also be able to offer you advice on upholding your legal requirements for insurance in an affordable manner.  Look into ways you can possibly avoid conviction In some cases, a driver facing a DUI conviction can avoid conviction through performing community service, attending alcohol rehabilitation courses, or arranging for participation in a diversion program.  Diversion programs are a form of sentencing used in criminal justice that permit defendants to avoid conviction. These programs involve a combination of community service, educational programs, and a promise given by the defendant that he or she will avoid certain situations that put them in danger of a future offense.  Don’t get arrested again If you think your SR22 insurance is expensive after one DUI conviction, you should be aware of the fact that your premiums will go up even more if you are charged with multiple DUI offenses.  Carpool to work when possible Some insurance providers will lower premiums if the insurance holder is minimizing his or her use of the vehicle being insured. If you want to have a car available for recreational use but you don’t want your SR22 insurance premiums to be very high, try to minimize everyday use of your vehicle. If you tell your insurance provider that you’re not using your vehicle on a daily basis, you may be able to get lower premiums.  Find insurance discounts you’re eligible for Although the need for SR22 insurance after a DUI charge tends to lead to higher premiums, there are always a variety of different ways a driver can bring down his or her premiums. Some possibilities include participating in a defensive driving course, driving a less expensive vehicle, and seeking a good student discount. Speak to an insurance company like Illinois Automobile Insurance or others to find out what other discounts you may be eligible...

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How Installing Aftermarket Parts On Your Vehicle Will Affect Your Automobile Insurance

Posted by on Dec 21, 2015 in Uncategorized

Partly due to recent trends in automobile customization, and partly due to the wide availability of parts, aftermarket automobile parts are being used more than ever before. In fact, it’s been estimated that up to 80% of auto repair shops are now using aftermarket products. If you’ve been in an accident and your body shop is using aftermarket products on your car, or if you’ve just decided to give your vehicle a little flair, you’re going to need to let your insurance company know about these changes. Why does your insurance company care about aftermarket parts? There are two main reasons: the value of your vehicle, and the vehicle’s safety. The vehicle’s value While installing a new aftermarket part (making an addition to a car) can often increase a car’s value, replacing an original part with an aftermarket part can actually hurt a vehicle’s value. Aftermarket parts are almost always cheaper than the manufacturer’s, meaning that a car with these parts is worth a little less than a car with factory installed parts. If you’ve made an addition to your vehicle or you’ve had parts replaced, let your insurance company know, and this affects the car’s value, which directly affects your insurance premium. The vehicle’s safety Another issue with the use of aftermarket parts is the issue of safety. Advocates of using only original manufacturer’s parts claim that aftermarket parts “aren’t subject to the same crash testing standards as OEM parts, and therefore are not as safe.” In some cases, this may actually be true. For example, adding an aftermarket sunroof is a great way to feel the breeze in your hair, but some insurance companies have claimed that adding a sunroof weakens a car’s structure, and makes damage during a rollover more likely. The Institute for Highway safety however argues though, that aftermarket parts are perfectly fine for cosmetic purposes and that they won’t compromise the safety of the vehicle. Insurance companies often will push for the use of aftermarket parts (because of the price), and may only cover a portion of the cost of original parts. But if the part being replaced is crucial to safety, it’s often best to stick with original parts. Whether an aftermarket part for a vehicle is being added simply to add some excitement to a car, or whether an auto body shop has recommended it, you’ll need to let your auto insurance company know. Adding aftermarket products could affect your rates if you tell your insurance provider, but not telling them could lead to a claim not being...

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3 Mistakes To Avoid When Trying To Save Money On Your Car Insurance

Posted by on Dec 4, 2015 in Uncategorized

It is generally a rule that you need to carry auto insurance if you own a car. Many people get frustrated with the fact that they need to pay for insurance and do everything that they can to lower their monthly premium. Although saving money is nice in many cases, you should never sacrifice a good policy to save a couple bucks. Here are a couple mistakes to avoid when trying to save money on your auto insurance. 1. Raising Your Deductible One of the simplest ways to save money on your monthly premium is to raise the amount that you pay in your deductible. In some cases this is a wise choice. If you are a safe driver who rarely gets tickets or is in a car accident, then this may be a good choice for you. However, in some situations it may hurt you more in the long run. For example, if you have a teenage driver in your home, you may want to keep the lower deductible. It will only change the amount you pay each month by a small portion, but it could actually save you money in the long run, seeing that younger drivers are more likely to have accidents that require you pay out of pocket to fix the damage. 2. Removing Clauses From Your Insurance Policy Another way to save money is to go through your policy and opt out of certain coverage. For instance, you can remove clauses that help to protect you when renting a car, comprehensive damage, medical expenses and so forth. By removing some of this coverage you will save a couple dollars each month, but you could be in a world of hurt if you are in an accident. Remember insurance is something you hope you never have to use, but if you do, you want good coverage so that you aren’t bankrupt when the time comes. 3. Opting Out Of Liability Coverage Lawsuits happen all the time, which is why it is so important that you protect yourself. If you are in a car accident and are sued by the other individual, it is vital that you have liability coverage. Never take out this clause in order to save a couple bucks. A lawsuit can range from a couple hundred dollars to thousands of dollars. This is why you should always carry liability insurance, especially on your car. By avoiding some of these mistakes you can be sure that you are getting the coverage that you...

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Five Ways To Make Your Current Auto Insurance Cheaper

Posted by on Nov 17, 2015 in Uncategorized

Having auto insurance is a must as a driver. Without auto insurance, not only are you driving illegally on the road, but you are not financially protected if you were to get into an accident. If you currently have auto insurance, but feel that the rate you are paying each month is too high, then you may want to look into these five ways to make the insurance rate a bit cheaper: Add Security Features: Most vehicles already come with security features, such as a car alarm and automatic locks. However, you may want to consider adding additional features that will help protect your car even further. This can ensure that you are provided with a hefty discount on your auto insurance. Consider adding window tinting, which prevents people from easily being able to look in your vehicle to see what you have inside. You can also install a tracking device that will ensure that if your vehicle is stolen, the police can locate it really easily before it potentially becomes wrecked or damaged.  ​Install a Usage Device: Ask your auto insurance provider if they will provide you with a usage device that will track how many miles you tack onto your vehicle. This device will also help your insurance company determine how safely you drive. For example, it can detect how hard you press on the breaks and how fast you drive. If you are a safe driver that doesn’t put many miles on your vehicle, this can be a great way for your insurance company to lower the amount that you pay for your insurance.  ​Always Choose a Yearly Policy: Choosing a yearly policy instead of a 6 month policy is always ideal because it ensures that you are paying less each month and the insurance companies usually provide a bit of a discount for yearly policies. This also ensures that you are paying a fixed rate for a whole year instead of potentially having to pay a higher rate in just 6 months time. Check for Group Discounts: Some insurance companies provide discounts to those who are associated with certain associations, such as credit unions. They may even provide a discount if you have a certain type of credit card.  Make Automatic Payments: Insurance companies would much prefer that their customers set up automatic payments, and because of this, they often provide discounts to customers who do this. This is because it guarantees that they will be getting paid instead of having to wait for you to send a check in the mail or call to make your payment.  By knowing some ways that you can lower your current auto insurance payments, you can make your payments more reasonable, thus ensuring that it isn’t so difficult for you to hold onto this policy each...

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