How Do I Lower My Auto Insurance Premiums?

It seems as though the price of everything is on the rise. The amount a house may have cost in the early 70s is how much you will pay for a new car in the 21st century. Oil companies have used the problems in Southwest Asia as an excuse to send gas prices through the roof. And the cost of peace of mind when driving your vehicle knowing if you or your vehicle is injured in an accident you will be covered has become astronomical. So what can you do to lower your insurance premiums so you don't feel as though you are paying a mortgage note in exchange for a vehicle and a car note in exchange for insurance?

Consider how much coverage you really need to buy and the price each of these coverages will pay. Think about collision and comprehensive coverage, which is how much you will be reimbursed for the loss or destruction of your vehicle. Are you carrying $30,000 worth of collision coverage for a $12,000 vehicle? Is the insurance company really going to give you $30,000 when your vehicle is only worth $12,000, unfortunately not?

If you are leasing or financing your vehicle these coverages may be required however if you are driving an older car that has depreciated significantly you may want to consider saving on your premium by dropping this coverage. Before you drop it make sure you can afford to foot the bill on the entire cost of replacing that vehicle if it is lost.

Think about the cost of insuring that sports car or luxury vehicle before you purchase it. If higher premiums is a small price to pay for going from 0 to 60 in .5 seconds go ahead and purchase that Ferrari, if not consider the sedan.

Generally you can't help where you live but expect that you will pay higher premiums in cities or towns that have high rates of accidents and vandalism as opposed to more rural low crime areas. The X and Y-chromosomes are luck of the draw and everyone ages in the same slow, drawn out amount of time. Oh and of course everyone can't find that special someone and settle down right away but if you had control over any of these things it would help control your premium rates.

Single, young males under the age of 25 get the short end of the stick in this deal so if you fall into this category make up for this price increase by purchasing a more sensible vehicle. Consider delaying the purchase of that cherry red Mustang until after you're 26 and married. Another aspect of higher premiums is your driving record. Drivers who cause accidents will pay for it in their insurance premiums. If you're a high-risk driver the insurance company is going to supplement the money lost on safe drivers by increasing the amount you will have to pay. So slow down, leave earlier, be patient and think about how much money you can save every year by obeying the traffic laws.

Timothy Gorman is a successful Webmaster and publisher of Best-Free-Insurance-Quotes.com. He provides more insurance information and offers free money saving home, life, health and auto insurance quotes that you can research in your pajamas on his website.

---

All Auto Insurance is Not Created Equal!

Contrary to what you may have heard all auto insurance... Read More

Health Insurance Plans - Benefits to Different Plans & Providers

Health insurance plans vary in their coverage and prices. The... Read More

Term Life Insurance Quotes for Singles

Term life insurance quotes are rarely a concern of single... Read More

What Is Renters Insurance Really All About?

Renter's insurance is protection intended for anyone who rents an... Read More

Inexpensive Life Insurance To Protect What You?ve Earned

Adequate life insurance to cover your income producing ability is... Read More

Consequences of Late Insurance Payments

Did you realize that it could cost you more than... Read More

What Should I Do About Billing Problems When Using HSA Money?

If you run into a billing problem or misunderstanding with... Read More

Insurance Adjusters How They Work And How They Think

Here comes the insurance adjuster. Is he overly friendly? If... Read More

Need A Car Insurance Comparison? Dont Have Time?

If you decide not to do a car insurance comparison... Read More

Insurance Claim Handling Online - TPA Adjuster System

Claims management and administration software systems enable insurance claims adjusters,... Read More

Why Boat Insurance Doesnt Help A Lousy Sailor

For thousands of years men have sailed the seas. From... Read More

Do You Know What The 7 Home Insurance Plans Are?

Most people don't realize that there are 7 different homeowners... Read More

What Are The Auto Liability Insurance State Minimums For My State?

As you shop online for the best auto insurance deals... Read More

Are Accidents More Likely To Occur Closer To Home?

If you are going to be involved in an accident,... Read More

Your Personal Injury Insurance Claim: Several Crucial Insights Into Medical Reimbursements

The best judge of Total Disability and/or Partial Disability is... Read More

Alternate Risk Transfer (ART) - Insurance Strategies

Risk ManagementAlternate Risk Transfer is a fancy way of saying... Read More

How Much Car Insurance Should You Buy?

Car insurance is one of the most dreaded chunks in... Read More

The Importance of Travel Insurance

You've finally saved enough to go on that dream vacation... Read More

How Is Your Auto Insurance Policy Price Determined?

The average auto insurance policy price is derived from a... Read More

Why Bother With Farmers Auto Insurance?

Farmers auto insurance is a very large insurance company that... Read More

Life Insurance Providing Little Protection from Terrorism

Recent statements by the City of London Police Commissioner James... Read More

Term Life Insurance and Permanent Life Insurance

Term insurance and permanent insurance are two basic types of... Read More

7 Sure-fire Ways of Reducing Your Home Insurance Premium

Home security improvement:All insurance companies will happily offer you a... Read More

Insurance Claim: Collecting Your Lost Wages

A couple months ago you were toolin' on down the... Read More

Are You Overpaying On Your Home Insurance Policy?

For many consumers the cost of daily living is becoming... Read More

Consumer Driven Health Plans [ CDHP ]

Do you know that skyrocketing health care costs have been... Read More

An Intro To Life Insurance

There are many options available for life insurance, and for... Read More

Is Purchasing Travel Insurance Smart?

To answer the question "is purchasing travel insurance smart?" let's... Read More

California Catering Truck Insurance

Catering truck insuranceNot many agents/brokers write catering truck insurance as... Read More

Risk Retention Groups RRG

In response to a hard insurance market in the mid... Read More

Types of Homeowner Insurance

There are 6 different types of homeowners insurance in general... Read More

Home Insurance Rates in Northern Ireland

A recent survey took the most popular type of home... Read More

Senior Life Settlements- A New Financial Dawn Emerges

When delving deeper into the market-driven research on the myriads... Read More