My name is Eric Bowman, and if you have questions about insurance, this is the blog you need to read. I was always confused when I had to purchase insurance. I would either end up paying for insurance I didn't need or I wouldn't buy the right policy. I finally decided that I was going to learn all I could about insurance policies so that I would understand exactly what I was buying. Now, I am completely satisfied with my insurance and the coverage is just what I need. I realized that there are others who are probably just as confused as I was, so I am writing this blog to help others get the best insurance for their needs and budget. I hope that my blog gives you the information you need to make the right choices when purchasing insurance.
Do you feel like you're paying too much to insure your car? Have you been considering getting rid of your vehicle and just using alternate forms of transportation to get around? Paying too much for car insurance is a common complaint by drivers. But what you may not realize is that you don't necessarily have to pay the amount that you've been paying. There are many ways to get the cost of your insurance to go down, some of which are going to be more obvious than others. Some things that you may not have considered but that can lower your rates include the following.
1. Shop around: You might be assuming that you'll get the best auto insurance rates by staying with the same insurer for many years. While this can be true in some circumstances, it's not going to be true of all insurers. Many insurers will give preferential rates to new customers in order to attract them to the service.
After a year or two, the insurance company starts to raise the rates. This means that you may be able to get significantly lower rates by shopping around every year or two years rather than simply assuming that you're getting the best rate possible.
2. Ask about discounts: Even when getting fresh quotes, don't assume that you're getting the best rates without asking about possible discounts. For instance, you may be able to get a lower insurance premium simply by taking a defensive driving class, even if you've never been involved in an accident.
Defensive driving classes help drivers to avoid accidents or to avoid accidents being bigger than necessary in the first place, meaning that insurance companies want to encourage you to take them. Fortunately, defensive driving classes usually cost very little in comparison to the amount that you might save on your auto insurance policy.
3. Bundle: Whether you own a home or are renting, the chances are good that you are required to carry an insurance policy on your residence. Even if you're not actually required to do so, having an insurance policy on your home is something that is generally thought of as a good idea. Fortunately, having a home insurance policy can sometimes save you money on your auto insurance.
While it doesn't apply to every insurance carrier, many insurance companies will give you a preferential rate for having two or more policies through them. If you happen to have two cars, having them both insured through the same company may be sufficient, or you may need both an auto insurance and a home insurance policy. The exact terms will vary depending on the company in question.