10 Ways to Lower your Car Insurance Payments
May 30th, 2010 | 
Author: 
Many people buy their own cars because it makes life easier. However, many also struggle with the costs that come with maintaining a car especially when it comes to making car insurance payments. Many car owners are continuously in search for better ways to lower their car insurance premiums. What most do is simply search for companies that provide cheap car insurance. However, what many do not know is that they can save so much more just by following a few simple tips.
For those who aim to save on car insurance payments, the first thing to do is make sure to shop around every so often. In fact, the reason why six-month car insurance polices are most preferred is that it allows car owners to switch and buy car insurance from other providers at the soonest possible time. This means that it is important to continuously survey the insurance market to search for the cheapest car insurance around. Some people find that it is most effective to check out rates for car insurance online while others learn about the cheapest services from their friends and family. No matter what your preferred method for getting car insurance quotes may be, the bottom line is to find the best car insurance to not only suit your lifestyle but your budget as well. Many people who make this a practice report savings of over $300 on policies valid for six months. This would translate to so much more in a span of one year.
Another thing to consider when trying lowering your car insurance payments is to take the option for higher deductibles. Many car owners feel afraid to do this because choosing higher deductibles means shelling out so much more money in case they get into a huge accident. However, the logic behind choosing higher deductibles is pretty sound. Obviously, higher deductibles mean lower premiums. Therefore, lower car insurance payments. Car owners should not worry too much about higher payments when a major accident happens because minor accidents happen more often than major ones and when it comes to minor damages, car owners will still pay the same amount.
Many motorists prefer paying for their premiums in monthly installments because it allows them to shell out a relatively smaller amount at a given time and budget their car insurance payments along with the rest of their monthly expenses. However, what they do not realize is that even the cheapest car insurance providers add on administrative fees for each payment. Even if the additional amount is only $7 or so, for people paying their premiums at monthly installments, this could easily add up to $84 which they could have saved over the period of that one year
Another useful tip to help you lower your car insurance payments is to also look around for companies providing multi-line insurance. This means that you purchase all your insurance from the same company. Most insurers offer huge discounts for this. However, many people still try to look for cheap providers for each type of insurance they need. What they do not realize is that getting their car insurance and home insurance from just one provider can easily translate to about 15% savings.
Furthermore, if you think of yourself as a good driver and no evidence to prove otherwise can be gathered, here’s a good tip for you: look for car insurance providers that can reward you with big discounts simply because of your driving. In fact, some states such as California have made it illegal for car insurance providers to disregard good driving discounts. So, if you have not gotten yourself into any car accidents or received tickets for at least the past three years, do some research or ask around. You may qualify for lower premiums.
Nowadays, a lot of insurance companies will base the prices of their car insurance policies on your credit history. If you have been diligent in building a solid credit standing, then you stand a good chance on getting lower car insurance quotes when you buy car insurance. Aside from making sure unpaid bills don’t pile up, keep your credit balance as low as possible and don’t acquire more credit than you need. Keep your records updated and make sure to correct any errors so your credit history remains accurate.
Many car insurance companies also offer discounts to people whose cars have safety features. Airbags, seatbelts, anti-lock braking systems and other factory-installed safety features on your car may help you find the cheapest car insurance you can get. Make sure you tell your insurer that you have such features installed on your vehicle when you get car insurance quotes.
Sometimes it pays to be diligent to the point of being anal. If you want the cheapest car insurance you can get, you should review your car insurance coverage to check for unnecessary expenses in it. If you’re not thorough you may be spending on additional coverage that you don’t need or already have. A perfect example would be towing services. Most, if not all, auto clubs provide such services yet this is part of most car insurance policies as well. So before you buy car insurance review the car insurance quotes you’ve gotten and eliminate all the unneeded expenses.
If you’re looking for cheap car insurance, look for insurers that give discounts to students and senior citizens. Some car insurance companies will offer discounts for students with good academic records and for drivers over the age of 50. Ask around or research on car insurance online, as well, if you have a college student in your family. Some insurers give discounts to parents with college-age children who go to school a certain distance away from home and don’t bring a car to their campus.
One last great tip to lower you car insurance payments is to use your car less. There are a lot of car insurance companies that will give you discounts if you keep the annual mileage on your vehicle low. So, evaluate how you use your car. If you make frequent short trips around town you might consider planning ahead and organizing all your errands so you can check all of it off your list in as few trips as possible.
One thing to remember though is that car insurance companies may differ in what they consider to be low annual mileage, so do your research. If you think you might be able to lower your mileage then get updated car insurance quotes.
Following just a few of these recommendations will surely help you lower your car insurance payments. Remember, it is not always about finding the cheapest car insurance provider. Most of the time, it is simply about knowing your options and weighing them to find the perfect car insurance strategy for you.
Watch the video related to car insurance
Video from It Pays To Watch: Video guide to be watched alongside full article including all the latest car insurance deals: www.moneysavingexpert.com
Help answer the question about car insurance
How do you get proof of car insurance without a car?I had my brother listed as a driver on my insurance policy and he is moving so will no longer be using my car. The insurance company is requiring that I show proof of insurance before removing him from the policy. They are telling me there is no other way to remove him from the policy due to a DUI charge. Is it even possible to get car insurance without a car? What should I do?
I have been in contact again with the insurance company and here is what they wrote back "The only proof we can accept to remove youthful driver's is Proof of
Other Insurance." What is the age limit on a youthful driver? My brohter is 24.
Posted in Car Insurance | 
Tags: Buy Car Insurance, car, Car Insurance, car-insurance-quote, cheap car insurance, funny, Humor, insurance, laugh, wigger
1. credit reports
2. 7 years
3. Kelley Blue Book
4 False
5 Retirement accounts
6 Disability
7 True
8 Revolving
9 True
10 Risk taking
11 Venture capitalists
12 ?
13 FDIC
14 Increase education
15 ?
16 Magazine
17 ?
18 Utilities
19 ?
20 Liquidated
21 Insurance Policy
22 Cash ?
23 Income potential
24 Worth less
25 ?
26 Higher
27?
28 Median
29 Sellers guarantee
30 ?
I hope this helps
1.b 2.c 3.b 4. false 5.c 6.c 7.false 8.b 9.true 10.c 11.a 12.b 13.a 14.c
15.a 16.d 17.b 18.c 19.a 20.b 21.c 22.d 23.b 24.b 25.a
I hope this helps!! 26. When your credit score is poor, your mortgage interest rate will be: (1 point)
(1 pt) Higher
(0 pts) Lower
1 /1 point
27. A revolving credit account where the cardholder must pay the full account balance each month is called what? (1 point)
(1 pt) a charge card
(0 pts) a debit card
(0 pts) a credit card
(0 pts) a gift card
1 /1 point
28. In a list of numbers placed in numerical order, the middle number is called what? (1 point)
(0 pts) the average
(1 pt) the median
(0 pts) the difference
(0 pts) the total
1 /1 point
29. A FREE warranty from an automobile manufacturer that covers any and all mechanical problems for a specified period from the purchase date is generally called what? (1 point)
(0 pts) Supplemental insurance
(1 pt) Bumper-to-Bumper warranty
(0 pts) Manufacturers extended warranty
(0 pts) Sellers guarantee
0 /1 point
30. A short-term financial goal is achieved within what time period? (1 point)
(0 pts) 10-25 years
(1 pt) 1-12 months
(0 pts) 1-5 years
(0 pts) 30 years
1 /1 point
31. Either party involved in a contract can change typed passages by writing the changes on the document and then having both parties initial next to the change. (1 point)
(1 pt) True
(0 pts) False
1 /1 point
32. If your credit score is low, or you don’t have established credit, a person that does have good or established credit will have to what? (1 point)
(0 pts) co-sign on the debt
(0 pts) assign the debt
(0 pts) guarantee the debt
(1 pt) A and C
1 /1 point
33. What is the most important part of a contract to read? (1 point)
(0 pts) The bold passages
(1 pt) The fine print
(0 pts) The period of performance
(0 pts) The payment schedule
1 /1 point
34. All charge card and credit card companies must send you a copy of the terms of your cardholder agreement if you request it in writing. (1 point)
(1 pt) True
(0 pts) False
1 /1 point
35. When paying for medical care, the portion of the total cost you pay out-of-pocket for prescriptions and/or doctor visits (after insurance) are called medical: (1 point)
(0 pts) Supplements
(1 pt) Co-pays
(0 pts) Premiums
(0 pts) Deductibles
0 /1 point
36. Supplemental insurance policies can pay you regular income for: (1 point)
(0 pts) Long-term disabilities
(0 pts) Injury disabilities
(0 pts) Cancer treatment
(1 pt) All of the above
1 /1 point
37. The reduction of value of an asset (something of value) over time due to normal usage is called what? (1 point)
(1 pt) Depreciation
(0 pts) Appreciation
(0 pts) Decay
(0 pts) Inflation
1 /1 point
38. What are considerations to think about when planning for retirement? (1 point)
(0 pts) Time to retirement
(0 pts) Planned quality of life
(0 pts) Current savings
(1 pt) All of the above
1 /1 point
39. Experian, TransUnion, and Equifax are all involved in collecting information that results in a report of your: (1 point)
(0 pts) Income
(0 pts) Debt to Income Ratio
(1 pt) Credit Score
(0 pts) Interest Rate
1 /1 point
40. The retail price of a brand-new automobile is also known as? (1 point)
(0 pts) The wholesale value
(1 pt) The sticker price
(0 pts) The Kelly Blue Book price
(0 pts) The dealer price
1 /1 point
41. When you're retired or disabled, what government institution pays your regular monthly income based upon contributions you made while working? (1 point)
(1 pt) The Social Security Administration
(0 pts) Medicare
(0 pts) Medicaid
(0 pts) Elderly Assistance Institute
1 /1 point
42. When you have a fixed amount of income each month, with no expectation of an increase or decrease in the amount you receive you're living on a what? (1 point)
(0 pts) Variable income
(1 pt) Fixed income
(0 pts) Poverty line
(0 pts) Low-income subsidy
1 /1 point
43. The amount of goods and services you can buy with your money is referred to as what? (1 point)
(0 pts) Inflationary spending
(0 pts) Bartering
(1 pt) Purchasing power
(0 pts) The exchange rate
1 /1 point
44. The simplest form of a loan contract between two individuals is called what? (1 point)
(0 pts) Exchange agreement
(1 pt) I.O.U.
(0 pts) Borrowing agreement
(0 pts) Lending agreement
1 /1 point
45. If your down-payment on a home is GREATER than 20% of the total value, you'll generally have to purchase Personal Mortage Insurance. (1 point)
(0 pts) True
(1 pt) False
0 /1 point
46. The metaphor for your main income sources during retirement is what? (1 point)
(0 pts) The four-legged dog
(1 pt) The three-legged stool
(0 pts) The three-pronged attack
(0 pts) The four-legged stool
1 /1 point
47. Mortage loans have lower interest rates (and lower risk to lenders) than automobile loans, why? (1 point)
(0 pts) The bank will always know where to find a house
(0 pts) Automobile loans have smaller loan amounts
(0 pts) Automobiles can be hidden from repossession
(1 pt) A and C
1 /1 point
48. The payment schedule on a mortage is created using what? (1 point)
(1 pt) An amortization table
(0 pts) A balance-due spreadsheet
(0 pts) An equity schedule
(0 pts) A principal repayment plan
1 /1 point
49. If you're living "beyond your means" it's likely you'll eventually go bankrupt. (1 point)
(1 pt) True
(0 pts) False
1 /1 point
50. The type of card that is linked to your checking account and doesn't accrue interest is called what? (1 point)
(0 pts) a charge card
(0 pts) a credit card
(1 pt) a debit card
(0 pts) a revolving card
we were just talkin in health class how male auto insurance used to cost more!!!!xd
i should totally ask if we can play this in class!!!!xD
itd bee HYSTERICAL!!!!!!!!!!!
Godbless!!!!!!!!
haha can you imagine being the person on the other side of the phone? i would prolly quit my job
i am so using this lol
Try posting one question at a time. People don't like to do a whole assignment for others.
bid4insurance. com for simple insurance tips.
Why are they so jealous?
CUZ MY PENIS IS HUGE LOL
“I just figured you send out boxes of driving talent to people when they turn 25.” Lol pwned!
The pay scale down here is lower then up north but there is no state or local income tax. Generally, the closer to the beach the better the neighborhood. A 2 bedroom place near the beach will rent between $1000-$1500. Cheaper rents are available in the newer apartment & condo complexes in western Broward. They come with good amenities but a longer commute
Gas at my corner station is $2.75 right now & it fluctuates often. My 2 bedroom condo electric bill runs $75 & my a/c is always on. Basic telephone (land line) is $30. Everything else is done through my condo fee. Insurance, both car & house is so expensive it is going to shock you. Hurricane coverage is mandatory in many areas.
l took a work transfer to Florida 10 years ago. The tough part was deciding to go, after that everything falls into place.
the guy knew what he was walking into when he said “why are they so jealous” hahahah
zu geil^^
man we get charged way to much for insurance
i mean how do we afford that we cant even afford to live anymore now because every penny we have goes to stupid car insurance!!!!
1 false
2 true
3 tractor
4 collect principal in case of default
5 not sure, but I think it is 28%
6 repossess
7 house
8 generally true
9 false
10 amortization schedule (amortization table is probably also correct but less commonly used)