Do You pay to much for your Auto Insurance?

If youre shopping for auto insurance, shop around and do it

yearly. Dont just keep paying the invoice over and over without

comparison shopping. Below are a few suggestions to help you get

the best deal available on your automobile insurance policy.



Insurance agents really have a lot of leeway. They can price

match and they can offer many discounts. There are also many

decisions you can make about your policy that will save you a

bundle. For example, if you change your deductible on your

collision from a $50 deductible to a $1000 deductible, youre

inline for a huge premium savings. If you dont think you could

come up with $1000 out of pocket, change it to a $500

deductible; youll still save a sizable amount on your annual

premium payment.



You can also get more of a savings if you change your

comprehensive deductible. Many people needlessly carry full

coverage on their older vehicle. They originally purchased the

vehicle new, paid for full coverage and to this day, continue to

pay the same high rate. Their ten year old vehicle may be worth

$1000 or less, yet they continue to pay $250-$450 every six

months (total $500 to $900 dollars a year) to keep full coverage

on their old vehicle.



However, if they have an accident and totaled their vehicle, the

insurance company will only pay them the wholesale value of the

vehicle. The amount they would receive could be $1000 or less. A

vehicle that old just needs the insurance that protects the

other person in case of an accident.



Another method to save more on your insurance is by combining

your vehicles and other insurance together to get you additional

savings. All insurance companies offer a multi-car discount (if

yours doesnt, its time to switch companies). Further, many

will discount more if you have your homeowners or renters policy

with them.



There are a few other discounts that you may not be taking

advantage of. It seems obvious, but make sure you are getting

the correct rate for your age. There are discounts for various

ages than can save you lots of money. Check with your agent on

this one. Also alarm systems on your vehicle are usually good

for a discount. Additionally, anti-lock brakes and air bags can

also help lower your premiums.



Dont just keep paying the invoice when it comes in. Your

insurance bill should be an automatic trigger for you to make a

few phone calls to see if you can save even more money on your

auto insurance premiums.



About the author:

Paul worked in various insurance markets for 4 years before

starting Auto

Insurance