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 Posted: Tue Oct 28, 2008 10:46 am Post subject: factors that bring down your insurance costs.. |
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Hi, are there any factors that you'd need to consider for restricting costs while buying insurance for your car? Are there any factors that might help the existing insurance consumers bring down their insurance costs? Red-ribbons
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Red-ribbons
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| Posted: Tue Oct 28, 2008 10:50 am Post subject: |
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Yes, you may reduce your insurance costs by opting for higher deductibles. But you'd need to be sure that you'd be able to bear that extra deductible whenever you'd need to make a claim. It you're sharing the risks of your carrier at covering you, then the carrier would also share your costs...that's it!
Mermaid-attitude
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| Posted: Tue Oct 28, 2008 10:56 am Post subject: |
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You'd need to opt out of coverages that are of no good to you any more such as collision and comprehensive for cars that are no longer financed and have depreciated in worth. Make sure that you don't drop coverage for such cars which are quite in use and are of a good market value. If you commit a mistake over here...you might end up suffering heavier penalties under circumstances when your car gets destroyed by another one. Caromel_merquez
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Caromel_merquez
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| Posted: Tue Oct 28, 2008 11:10 am Post subject: |
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Why don't you avail discounts which are being offered by your insurance company!
I'm sure there are a number of causes for which your carrier would offer you discounts. You might get discounts for your car security devices, limited mileage, possessing more than one car, a good driving record etc. There are also some other factors that influence e.g. smoking habits, preferred driver etc.
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fatman
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| Posted: Tue Oct 28, 2008 11:12 am Post subject: |
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Yes, safety systems have a very strong influence but there are other relevant factors that offer you discounts like-
# driving training
# being good student
Plasticmind
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| Posted: Tue Oct 28, 2008 11:14 am Post subject: |
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You'd need to consider quite a few things like the worth of liability cover that you need, whether you'd need comprehensive coverage, the amount of deductibles that are good for you to choose etc. Crossbreed
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Crossbreed
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| Posted: Tue Oct 28, 2008 11:20 am Post subject: |
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Yes, but please don't forget to count upon your choice of multiple quotes, your source of coverage (be it through the internet or through any agent). Also don't forget to judge the quality of discounts that each provider offers you.
Purpleheaded08
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Purpleheaded08
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| Posted: Tue Oct 28, 2008 2:56 pm Post subject: |
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Multi policy discount.
Age of car discount.
Previous claims.
Amount of deductibles.
Multi car discount.
Good Student discount.
Financial Responsiblity (credit score)
Color of....oh, ....not that.
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LifeIsGood
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| Posted: Tue Oct 28, 2008 11:26 pm Post subject: |
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I see there are really a lot of ways to bring the cost of insurance down
Buy at least two really old vehicles,never report a claim when it happens, keep your deductible really high,add your home in on the policy, Be a straight A student, always pay your bills on time and do not buy a RED vehicle....LOL..just for you Life. |
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fireyone
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| Posted: Tue Oct 28, 2008 11:28 pm Post subject: |
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Pay the girl, Shirley.
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LifeIsGood
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| Posted: Tue Oct 28, 2008 11:36 pm Post subject: |
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| How much? |
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fireyone
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| Posted: Wed Oct 29, 2008 1:46 am Post subject: |
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Depends where you live. You obviously get more money if you live in Florida.
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LifeIsGood
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| Posted: Wed Oct 29, 2008 4:27 pm Post subject: car insurance |
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| Maybe I missed it, but, another 'factor' for lower payments is your age. Of course, if you are 40 years old, you won't be in the same 'risk factor' as a 18 year old. Experience,etc. |
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sdchargersfan
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| Posted: Wed Oct 29, 2008 6:01 pm Post subject: |
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There are several factors to help lower auto insurance cost. One big factor is defensive driving, most insurance companies will lower premiums up to 10% alone for this course. There are many safety features such as security alarms, anti-lock brakes, multiple air bags and other safety features you car comes equipped with should be mentioned to your insurance company. Also, raising your deductibles can save money. Adding additional vehicles saves money.
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justong
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| Posted: Wed Oct 29, 2008 9:00 pm Post subject: insurance |
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| Well.i have one vehicle, so..I guess saving money, on MUTIPLE cars 'is out'.LOL Driving carefully, etc. About the only thing I can think of, besides what I posted above. |
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sdchargersfan
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