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Keeping Your Money In Your Pocket When Purchasing Car Insurance

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Plenty of insurance commercials state that by switching to their company, you will save so much a year in terms of dollars or percent. But in doing so, you may be sacrificing quality service. You don’t always have to find a new auto insurance provider just to cut costs. We have several tips to help you save money without compromising service.

The year and options on your vehicle will play a large roll in how much your insurance premium is. Having a newer car with lots of safety features can save you some, but if you have it financed you will also have to pay more for full coverage.

If you want to find the cheapest car insurance policy available, you will have to compare policies from various companies. Comparing quotes and policies is how you find which companies are offering good deals and which companies are overcharging for inferior service. Line up two or three solid policy choices and compare them side by side.

If you are buying a brand new car, you should be aware that the car’s warranty probably provides services such as towing or pays for a rental car while yours needs repairs. If you warranty covers these features, you should drop them on your insurance. When you warranty expires, do not forget to upgrade your insurance again.

Adding value to your car is not a good thing, if you want to save money on your insurance policy. A nice stereo system, rims and tinted windows may look nice driving down the street, but this added value will be reflected in your monthly premiums. Keep it simple, if you want lower insurance payments.

You can reduce the cost of car insurance by making sure you don’t buy coverage that you really don’t need. For instance, if you have an older car with a relatively low replacement value then you may not need comprehensive or collision coverage. Eliminating excess coverage from your policy could lower your premiums considerably.

Having more vehicles than one needs is a way to pay more than one needs to be paying for insurance. By selling or storing cars or anything else that one does not use often they will no longer have to pay insurance on that vehicle. It will save them money off their insurance.

You can save money by increasing your deductible in case of collision. This means you will pay less every month, but will pay a more important part of the repairs if you multi car insurance get into an accident. If this is a risk you are willing to take, put some money aside.

If you severely damage your vehicle or total it, the insurance company will offer you an amount they think your vehicle is worth. If you don’t agree with the value they give you, get quotes from different auto dealers and prove the value of your car, to make sure you are getting the right amount.

Avoid auto insurance extremes. You can definitely be hurt by a lack of adequate insurance. Even more costly is being over-insured. Many people pay for coverage they can not ever possibly need. The result can be a huge drain on your budget. Evaluate your car insurance coverage and rates annually.

If you have a good health insurance that will cover any cost linked to an injury sustained in a car accident, you can save money by dropping the medical payment features of your auto insurance. You should read carefully your health insurance policy to make sure you are covered for everything.

You should try to find consumer reviews about specific insurance companies. You can get some reviews from friends and family, but you can also look on the internet. But getting an understanding of how other people feel about the insurance company, you will be able to figure out if this is a company that you are willing to use.

Do not bother insuring an older car with collision coverage. Your insurance provider will only give you the book value on your car. Chances are that an older vehicle might not be worth much, thus rendering the collision coverage pretty useless. Check the book value on the car before continuing with collision coverage.

Check your insurance policy very closely before reporting a claim. There may be certain stipulations that can prevent you from filing a claim. For instance, if a tree falls on your vehicle, and your policy outlines that as an act of god, then by the terms of the contract they legally do not have to pay for damages.

As unpleasant as it is to think about, there are people out there who will stage accidents. In the unfortunate event that you are involved in an accident, make sure that you always call the police to the scene and take plenty of pictures of the accident for documentation purposes.

Your car and your health are important to your lifestyle, and that’s why insurance exists at all. With these tips, you can do more than simply let things happen – now you’re educated about auto insurance, so you can feel confident about where your money is going and what exactly your insurance is doing.

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