Auto Insurance Tips
Posted by InsureMe on 07/17/07 in Auto/Car Insurance
Here’s a great article on Auto Insurance money saving tips that I came across over at MillionDollarJourney.com. Take a look:
Increase Your Deductible
The deductible is the amount of the claim that you are willing to pay. If your claim is $2000 and your deductible is $500, you will pay $500 and your insurance company will pay $1500. Increasing the deductible from $500 -> $1000 can reduce your premium by 5%-10%.
Insure your Home and Automobile with the Same Company
Buying your home and auto insurance policies with the same company will give you a discount on BOTH policies. Sometimes up to 10%.
Insure all Vehicles under the Same Policy
If you have multiple vehicles, placing them under the same policy can save you up to 10%.
Buy a Car that Costs Less to Insure
Be sure to get insurance quotes on the vehicle that you are planning on purchasing. You can get comparative quotes online at: http://www.Kanetix.ca
Shop the Insurance Market
Coverage may be pretty standard in your province, but premium differences can be vast. Make sure to shop around by getting quotes from multiple companies.
Follow the Speed Limit
Not only can speeding tickets be costly, they can jack up your auto insurance premiums also! (Perhaps I speak from experience?)
Source: Million Dollar Journey
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