hello I'm Kevin hunter author and publisher of the 13 car buying mistakes posted on YouTube to assist car buyers avoid common car buying mistakes here are my top 10 recommendations on getting the simplest auto insur-ance rates no 1 don't assume anybody company is that the cheapest some companies spend tons of cash on commercials trying to convince you that they provide rock bottom automobile insurance rate you've likely heard all of them the reality is that prices people buy an equivalent coverage at an equivalent company vary widely and no single company can claim to be the low price leader the insurance firm that's cheapest for one person in one place could be the foremost expensive option for a special driver in another state some insurance companies even have developed complex predictive models which will charge you higher rates if they show that you simply 're unlikely to modify providers this might sound unethical but this practice is named price optimization and while it's banned in 16 states that leaves 34 states who engage within the practice there's quite little bit of savings at stake a recent analysis found a difference of eight hundred and fifty nine dollars a year between the typical insurance quote and therefore the lowest available quote at any given time again the sole thanks to ensure you're getting the simplest deal is to buy around there are several independent sites that you'll use to try to to comparing just confirm that you are not using one put out by the insurance firm itself because you can guess where which may lead you number two don't ignore local and regional insurance companies only for company's control nearly half the nation's automobile insurance business that's Allstate Geico progressive and State Farm but smaller regional insurers often have higher customer satisfaction ratings than the large names and that they may have lower rates too here's another suggestion search for the insurance agencies that represent multiple companies not only are they happy to assist you shop but they are not spending the large bucks just like the four I already mentioned they put tons of emphasis on helping the small guy
number three check for the discounts insurance companies provide a spread of discounts including price breaks for patrons who have the subsequent an honest driving record it's no secret that an honest driving record will help lower your rate also consider bundle insurance with other policies like homeowner's insurance bundling generally reduces rates on one or both policies consider insuring multiple cars with one policy you've got to shop for insurance for the opposite s anyhow so see what they will do on the other vehicles you own pay your entire annual or six-month premium directly payments could be the sole thanks to choose some people but you actually economize once you pay in ad-vance agree
to receive documents online own a car were certain anti-theft or safety features now I'm not talking about the bogus theft edge system sold by car dealers I'm talking about the legitimate anti-theft sys-tems installed by manufacturers or aftermarket installers of anti-theft equipment and therefore the final discount you would possibly consider is being a member of particular professional organizations or affiliate groups you would be surprised what percentage organizations out there have some affiliations with the insurance com-panies and being a member actually saves you money check it out discounts can vary by company and loc tion so check insurance firm websites or consult agents to seek out out which of them might apply to you number four remember that your credit may be a component of your calculation your credit is a significant think about the automobile insurance quotes you'll receive there are only three states Hawaii California and Massachusetts which don't allow insurance companies to use credit insurance companies say that customers credit has been shown to correlate with the danger of filing a claim you would possibly scoff at that with 47 states allow insurance companies to use it in their calculations so you would like to remember of
it here's what I suggest improve your credit first confirm you pay your bills on time you are doing not need your credit report filled up with frivolous negative dings and if you do have damaged credit that require some help contact an area depository financial institution in your area and consider removing alittle consumer loan albeit it's just $200 and albeit you've got to place the $200 on deposit within the depository financial institution so as to urge the loan put the cash on deposit at the depository financial institution then allow them to take the payments out of it you will be surprised what proportion alittle loan like this may improve your credit during a short period of your time when you've paid off the loan remove a touch bit larger one and roll in the hay again by paying your bills on time and using the strategy that I just suggested with an area depository financial institution your insurance premiums will go lower too do not forget that you simply get one free credit report a year so use it and track your progress number five consider insurance cos when buying a car did you recognize that some makes and models are far more costly to insure than others i'm personally stunned by the amount of individuals who go car shop-ping without Oh insurance as an afterthought yet I've seen situations where an individual went home to seek out out that their insurance rates are doubling or maybe tripling a touch tough to urge out of it then you ought to also consider that insurance premiums vary widely between given models and ask your insurance broker before you go car buying example a review of rates done by a corporation called
nerd wallet on best selling vehicles in 25 cities found that the Toyota Camry cost a mean of 100 and eighty-seven dollars more per annum to insure than the comparable Honda Accord similarly a Toyota rav4 costs a mean of 201 dollars more a year to insure than a Honda CRV that is the difference you would like to remember of number six if you own a clunker car consider dropping your colli-sion and comprehensive coverage thereon vehicle here's why collision covers the value of repairs re-sulting from damage your vehicle receives involving another car or an inanimate object comprehen-sive pays to
repair vehicle damage caused by weather animals or vandalism or reimburses you for your car if it had been ever stolen but both will only ante up to the worth of your car if your clunker is old with a coffee mar-ket value it really makes no sense to be paying for a policy that has collision and comprehensive number 7 consider a much bigger deductible you would like to hold comprehensive in collision if your car may be a later model or if your lender requires it but you'll save a considerable amount of cash by raising the deductible studies have shown that customers who increase their deductibles from five hundred to thousand dollars saved about 2 hundred dollars per annum in premiums while those that increase them from five hundred to 2 thousand saved 300 sixty two dollars a year just remember that the rise in deductible also means you'll pay a touch bit more if you've got an accident but I suggest you retain that extra cash during a bank account somewhere anyhow if you've got an accident you've got the cash if you do not you've got extra savings that you simply started beforehand and additional money you're saving on your policy else number eight consider an insurance plan that's calculated on your personal usage especially if you do not drive much if you're an infrequent driver or a secure driver who doesn't like very many miles consider a usage based insurance program like all states of drive wise or progressive snapshot or state farms drive safe and saved I can tell you from personal experience that they work well by signing up for these programs you permit your insurer to trace your driving
electronically and exchange for possible discounts supported what proportion you drive once you drive and the way will you drive a touch word to the wise do not be driving your car hard during this point I noticed on a couple of occasions once I had to brake hard that the under dash device beep I did receive a reduction later but i assumed it had been interesting that the device noticed once I had to prevent rapidly for those of you who drive but ten thousand miles per annum you would possibly be ready to economize with a mileage based insurance program like Metro mile or assurance pay per mile Metro mile is currently available in seven states while assurance pay per mile is merely available in Oregon these last two points are specif cally for car buyers but that's just about everybody so number nine if you're buying a replacement or used car at a dealer ask your insurance provider about gap insurance first there are many drivers on the road who don't need gap within the least that is the covers that pays the difference between what you owe on the vehicle and what it's actual market price is that's where the name gap comes from however this happens to be one among the foremost common products sold the car buyers Wilder in the finance office and it sold anywhere from 400 to the maximum amount as $1,000 for one car meanwhile it's extremely likely you'll have purchased an equivalent policy if you even needed it at thirty dollars a year from your own insurance provider confirm you ask a neutral party about gap insurance before you go car shopping in number 10 be very cautious about the other products that sound even remotely like insurance while
in the finance office at the dealer if you're offered any insurance products like extended warranties theft protection policies window edge programs roadside hazard coverages wheel or tire
coverages etc tell the finance man you would like to travel home and sleep thereon within the morning call your in-surance provider and also go browsing to try to to a touch little bit of homework yourself look these products up you'll always return and add them to your car deal and most dealers will hold onto the paperwork for the maximum amount as every week if they know that you're serious about doing this homework and you'll po-tentially come take some time tons of cash is formed off of individuals who pull the trigger thereon stuff the day of the car sale and by the way if you were one among those people that bought a bunch of those extras on your car deal it's never too late to urge it cancelled you'll always return well after the very fact after you've signed everything it doesn't matter if it is a week it is a month a year or return and obtain these things cancelled on your car if
number three check for the discounts insurance companies provide a spread of discounts including price breaks for patrons who have the subsequent an honest driving record it's no secret that an honest driving record will help lower your rate also consider bundle insurance with other policies like homeowner's insurance bundling generally reduces rates on one or both policies consider insuring multiple cars with one policy you've got to shop for insurance for the opposite s anyhow so see what they will do on the other vehicles you own pay your entire annual or six-month premium directly payments could be the sole thanks to choose some people but you actually economize once you pay in ad-vance agree
to receive documents online own a car were certain anti-theft or safety features now I'm not talking about the bogus theft edge system sold by car dealers I'm talking about the legitimate anti-theft sys-tems installed by manufacturers or aftermarket installers of anti-theft equipment and therefore the final discount you would possibly consider is being a member of particular professional organizations or affiliate groups you would be surprised what percentage organizations out there have some affiliations with the insurance com-panies and being a member actually saves you money check it out discounts can vary by company and loc tion so check insurance firm websites or consult agents to seek out out which of them might apply to you number four remember that your credit may be a component of your calculation your credit is a significant think about the automobile insurance quotes you'll receive there are only three states Hawaii California and Massachusetts which don't allow insurance companies to use credit insurance companies say that customers credit has been shown to correlate with the danger of filing a claim you would possibly scoff at that with 47 states allow insurance companies to use it in their calculations so you would like to remember of you decided you didn't want it in any case
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