Monday, 3 September 2012

Ways to Save Money on Car Insurance - Part 2

Are you having an auto insurance policy or are you planning to apply for one? If yes, make sure you read the 'fine print' before buying the policy so that you get the best deal possible. Part 1 of this article discussed the ways in which you can save money on your car insurance by abstaining from unnecessary costs and coverage. Here are a few more ways to cut costs and get discounts when getting your vehicle insured:

1) Use Safety Devices:

If you use safety devices, such as automatic seat belts, anti-theft devices, alarms, air bags, daytime running lights, and anti-lock brakes, you can get attractive discounts on different insurance policies.

2) Less Driving:

In order to qualify for the 'low-mileage discounts', you are required to either drive less or carpool to work. If you drive a lower-than-average number of miles annually, you can contact your insurer with the required proof and documents and get the discount on your policy.

3) Special 'teens' discounts:

You can avail this discount if your teenage child goes to a college that is located over 100 miles from home and does not bring a car along. You can also apply for additional discounts by insuring your teenager kids on your insurance policy. However, you would be eligible for reduced rates only if your child has a good academic record and has successfully completed an approved drivers' education course.

4) A Single Policy for All:

If you possess more than one vehicle, it is better to insure all the vehicles on a single insurance policy. This will help you save thousands of dollars. You can further reduce the premium rate by buying a life insurance policy from the same company.

5) Miscellaneous Discounts:

There are several other discounts that are usually offered to the policy-holders. For instance, attractive discounts are offered to long-time customers, senior citizens, retired personnel, and those who have not had any accidents in past 3-4 years. In short, make sure you apply for every discount for which you qualify.

6) Get in Touch with Car Dealership:

Last, but not the least, get in touch with the nearest auto dealership for acquiring an auto insurance policy. As most dealers deal in huge amounts and have contacts with several financial institutions, they can assist you in getting the best deal in less time.

Thus, you can easily save thousand of dollars on car insurance by following the ten ways of cutting costs discussed in Part 1 and Part 2 of this article.

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