Save On Auto Insurance Premium
By Alevoor Rajagopal
There is an insignificant hike in auto insurance premium rates (0.5%) over the last year and the interesting thing about this news is this is the lowest increase in the last 5 years. Nevertheless, there are all the good reasons for everyone to shop for cheap auto insurance quotes.
Some discounts on car insurance premium are available by everyone subject to conditions like good driving record, safe driving habits, added safety features etc. However, the list isn't very long but if you practice and follow them, they are your best bets at reducing your auto insurance premium.
Discounts
These car insurance premium discounts vary by state and company.
- Defensive driving and driver training classes for new and young drivers
- Safety restraints like airbags and other fittings
- Having more than a car on the policy
- The annual mileage and usage for non business purposes
- Age of the driver
- Good driving and claims record
- Anti-lock brakes
- A family whose youngest driver is away without a car
- Students having good grades at schools
- Shop around judiciously much before the last day for renewal of policy
- Raising the deductible is another way at reducing insurance premium
- Drive less, for more driving is perceived as exposure to more risks
- A high profile flashy or sports cars are statistically known to be stolen more or vandalized more which increases the risk and insurance premium
- Avoid parking car on roadsides; park in garage to protect from thieves, vandals and collisions
- Buy multiple policies from the same insurer which might entitle your for some discount
Alevoor Rajagopal, MBA, a business consultant, voices on fair practices in used car deals.
He also writes passionately on showcasing individuality with MySpace layout.
Source: Alevoor Rajagopal
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