Affordable Car Insurance – What To Do To Keep The Rates Down?

Affordable Car Insurance - Car insurance is one of those things in the budget that will always be there. There are very few places in America that allow you to drive a vehicle without insurance and therefore each of us should get a better handle on our own auto insurance coverage.

Affordable Car Insurance – What To Do To Keep The Rates Down?

Affordable Car Insurance – What To Do To Keep The Rates Down?

The industry has changed little due to strong competition. There are new and creative car policies on the market today. The trend that is gaining the most momentum is the concept of self-insurance. Higher deductions are a weapon customers can use to significantly lower rates.

A higher deduction means that the policyholder has decided to take on more risk for the insured car. The day of low collision reduction is over. A lower deduction no longer guarantees a high premium. There is too much money to save with the higher deductible.

Lowering Fares for Young Drivers

Young drivers in new vehicles that have a lien holder's interest will increase car rates significantly. Collisions and comprehensive fares for drivers under the age of 21 are very high. Young drivers in older vehicles with no collisions and comprehensive coverage will lower fares significantly.

There is a discount for young drivers who have completed an eligible driver training course. Some companies have great student discounts for students with a grade point average of 3.0 or better. When young drivers reach 21, fares start to fall for most companies.

Senior Citizen Discounts – Most companies have discounts for people 55 and over who are retired or working less than 20 hours a week. There are adult driving courses which can also provide discounts for senior citizens.

Multi-Police Discount – This discount is available if you insure your car and home with the same insurance company.

Tort Options – Some companies offer discounts on limited loss options. Tort is your ability to demand pain and suffering. Limited tort rates in some states reduce the overall policy premium by up to 30%. Check with your insurance company about lawsuit options in your state.

That's Affordable Car Insurance – What To Do To Keep The Rates Down?

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