Ways To Get Cheaper Car Insurance Rates
Q: I always end up spending a lot of time every month paying my bills, and I’ve noticed how big a burden car insurance is. Can I get cheaper insurance, or is that out of possibility?
A: Since you waste a lot of time paying bills, there is one thing you can do which will make it easier for you to get all of your bills taken care of in a smaller amount of time, and which will also aid you in receiving cheap car insurance. Actually, there are two ways. Way one would be for you to try and pay all of your car insurance at once each time you renew. If you pay monthly, an installment fee is added on to your premiums. By bypassing the installments, you can save around fifty dollars.
Way two would be for you to get your insurance from a company which provides multiple kinds of insurance. If you get your health, life, home owners or renters, and auto insurance all with one company, you can not only combine the premium to make it more manageable, but you can also get a discount for compressing multiple insurance lines into one policy.
1. Raising your deductible amount is the fastest and easiest way to lower your rates!
2. Ask for discounts – teachers – good grades for students – AARP -Credit union membership and even some banks offer clubs/memberships
3. Improve your credit score – most insurance carriers look at your credit history and adjust rates accordingly. Pay your bills on time!
How Do I Get a Cheap SR22 Insurance Rate Quote?
Q: Is it possible for someone to get a cheap SR22 insurance quote on a new car they have bought?
A: Yes, it is possible to get a cheap SR22 insurance quote on a new car, but how cheap the quote will be depends on the kind of car you have recently bought. If you have a sensible, mid sized, economic car that wasn’t too expensive and had a good safety rating, then you have the best chance of getting the cheapest quote. For any other car, though, you’re going to have to get some dirt under your fingers.
For anybody who owns a new car, of any type, your SR22 insurance quote can be cheapened by taking on more risk, which can be done by raising your deductibles. Every piece of extra coverage you have beyond basic liability has a deductible, which must be paid in the event of a claim before your car insurance company pays the risk. Let’s say you right now have a $500 deductible on all coverages. Your monthly premium will be high because your car insurance has most of the risk responsibility. If you raise it by a thousand dollars or more, though, your monthly insurance premium will be lower.
1. Raise your deductible amount to as high as you can
2. clean up your credit rating – poor rating equals higher insurance costs
3. join a credit union and ask them if they have insurance discounts – most do
New Car Insurance – Best Rates in Kentucky?
Q: If I have a new car, what kind of coverage do I need for my auto insurance policy?
A: As the driver of a new car, your responsibility for the well being of your car rises. Your financer, who you are paying for the car, doesn’t want to lose thousands of dollars because you wreck your car and then default on the payments, so a system is set up. If you want your new car, then you need to have collision, comprehensive, and gap insurance on your car insurance policy. If you don’t do this, your financer can take your car back.
You can make this cheaper by taking on even more responsibility, this time with your car insurance company. With the more money your insurance company has to pay when you file a claim, the more you will have to pay on your monthly premiums to make up for that. You can save here by raising your deductibles so that you have to pay out more before your insurance will kick in in the event of an accident.
Another way you can save a little bit of money is by paying your insurance all at once, for the entire six months to a year.
The BEST way to lower your rates is by raising your deductible amount to as high as you feel comfortable. This will have a drastic impact on your annual premiums.
Student Discounts on Car Insurance For Kentucky College Students?
Q: I was sad when college ended a few months ago, but I also felt a pang to see my good student discount go. I had twenty percent of a discount on my car insurance for that, and once it was gone my premium went up a few hundred dollars in total. Is there something out there which is equal in savings I can replace it with?
A: Maybe there is, but it depends on what you were studying so hard on to get that good student discount for your car insurance policy. If you were working on a degree in the field of science or mathematics, particularly in engineering, then your looking at a savings from some companies simply for that. Although this discount is still not widespread, it is taking hold in the car insurance industry, as many studies have found that people in the above fields are more meticulous and pay attention o detail, and, the kicker, file fewer car insurance claims.
If you don’t have one of these degrees, or even if you do and decided to go into the field of teaching, you can get another discount by joining a teacher’s union. Of course, unions do have membership fees, but it will be like getting free union membership because your discount will be around the amount of the fees, and you probably would have joined the union anyway.
1. Raise your deductible amount to as high as you feel comfortable – this can drastically reduce your annual premiums
2. Join a credit union or bank affiliate that offers insurance discounts – even Sam’s club and Costco offer discounts these days
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