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If you were quite disturbed when your auto insurance policy renewed this year and you found that your rates increased, don’t despair your not alone. You can still save money on your premium by following a few simple steps.

We all know that it’s not exactly cheap to drive a car these days. As gas prices fluctuate up and down and incomes fail to keep pace with inflation, it seems most of us are looking for ways to cut costs.

All you have to do is just ask anyone who’s been involved in an accident lately. The costs can mount quickly. The financial liability for yourself and the persons involved also mount quickly.

Here are some tips to help you cut some corners. You still get protection from your auto insurance carrier but take on more financial liability. This can work in your favor because if you are a safe driver then your liability will be minimal.

1. Comparison Shop. If you have a good driving record and buy a safer car, your premium rate should go down.

2. Find out what your insurance will cost before you buy that new car. Auto insurance companies typically charge more for cars that are expensive to repair or don’t fare well in accidents.

3. Ask your insurer for discounts. These cost-savers can lower your insurance premiums more than you might think. Combining two or more cars on one auto insurance policy.  Read more...

In the recent past car insurance rates have increased, especially for young drivers which have resulted in problems for new drivers whose premiums are somewhat on the high side. However, young female drivers may need to pay less because they are a lower risk proposition. So, before purchasing auto insurance it would be wise to view the car insurance groups that a particular car falls into. There may be different grouping structures and the insurance premium goes up as you move up in these groups.

Don’t Be Mystified By The Different Premiums Charged

Many people that want auto insurance can often be mystified with the different policies and may have trouble understanding why the company is charging them the premium they are charging and how the type of car has an effect on such premiums.

It is thus important for you, as a car insurer to understand that you can get lower insurance premium costs by falling in a lower car insurance group and this can best be achieved by purchasing a car that falls in a lower category or group.

These auto insurance groups classify cars in a certain level of insurance and each car is assigned a group starting from one and ending at twenty. Such grouping allows each model of car to be banded with cars having similar features and a particular model of car can be spread in many groups.  Read more...

UK car insurance for new and young drivers will never be cheap! This is for one reason and one reason alone young and new drivers are a bigger risk to insure than the average car driver. Newly qualified UK drivers are more likely to have an accident during their first year of year of driving than at any other time.

The facts are stark:

Per mile of driving, the risk of an accident involving injury or death is about seven times greater for 17-20 years old than for those aged 40 or over.

Young drivers under 21 are involved in 15% of all car accident deaths.

New drivers make up just 10% of license holders, but are involved in 29% of accidents.

The following tips will help reduce the cost of young drivers car insurance:

1) Take the Pass Plus driving exam. This is an intensive training course that aims to make new drivers better drivers. Successfully pass the Pass Plus and you will receive a discount of up 35% off your car insurance. The Pass Plus costs around £100 but given the high cost of car insurance it a still a worth while investment. Ask your driving instructor for details.

2) Volunteer to pay a higher excess. Insurers will insist on a minimum amount that you have to contribute to any car insurance claim. The standard amount is £100. As new and young drivers if you volunteer a higher amount you could save on your car insurance premium.  Read more...

Are you looking for ways to lower your Auto Insurance Premium? Auto insurance rates can spiral depending upon factors that include your age, past driving record, and other factors such as credit history. However, the trick is to find ways to lower the annual pay-off. We have pulled up for you the 5 quickest ways to lower your Auto Insurance Premium.

Tip 1: Hike up your deductible

Stop trying to get the ‘lowest deductible’, instead go in for a comfortably higher out of pocket payment plan. ‘Deductible’ is the amount that you would pay before your insurance policy kicks in. This is an easy way to reduce your periodic premium amount, however, be warned, in such a case, if something happens to your vehicle – you need to shell out more to cover the initial expenses, prior to going in for a claim.

Tip 2: Park your vehicle in a garage

One of the simplest ways to cut down on insurance premium is to park your vehicle in a garage, personal or commercial establishments. This helps in knocking off, in some cases, close to 20% of the premium. In a garage, the chances of your vehicle getting stolen or sideswiped are considerably lower. From a transaction perspective, parking in a garage could mean a difference between a preferred rate and a standard rate.

Tip 3: Shop around and bargain  Read more...

Tips you can use car insurance rates comparison

There are so many ways that you can use to keep your auto insurance rates down and some of them you can use at the same time as other discounts to maximize your savings.

Here are some things that you can ask your auto insurance company for:

- Ask if you can receive a discount if you have more than one type of insurance with their company. For instance, you may find that you can have your auto insurance and your homeowner’s insurance with this company and they will provide you with a combined discount. Carry all of your insurance policies with them, such as auto, home, and life and you may find that you can get even more money off.

- If the driver of the car is a student or is listed as a driver on the car, you may find that you can get a good student discount. This is where the student maintains at least a B average on their report card. You may be required to take that report card to the automobile insurance company each time it comes out, but it really pays off. If grades go down, the discount may disappear until the grades go back up.

- See if there are any safe driver discounts available. When you haven’t had a ticket or an accident, you may find that there are discounts available for you.