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4 Strategies to Bring Down the Cost of Auto Insurance

Why does my insurance go up if I have an accident or get a ticket?

Insurance companies charge higher rates to drivers with tickets and accidents because they are statistically higher risks. Claims statistics and studies by law enforcement agencies show that the chances of having an accident increases depending on how many tickets and accidents a driver has already had.

If I lend my car to a friend, is he or she covered under my insurance?

Most policies will cover drivers who have permission to use your auto. But check your policy, or ask your agent, to see if the conditions of your policy will change for drivers who are not regular operators of the car.

I have an older car whose value is very low - do I need insurance?

You should always have bodily injury and property damage. In most states you're legally required to carry a minimum amount.

Will my insurance cover my leased car if it is stolen or totaled in an accident?

Your insurance company should handle your claims the same way whether you own, lease or finance your car. But, make sure to check on your company's rules about leased cars.

What does my auto insurance policy cover when I rent a car?

It depends on your policy. The best thing is to review your policy or ask your insurance agent. For example, your policy may cover cars rented for pleasure, like vacations or special events, but not for business.

Source: Insweb.Com

Bringing the Cost Down

There are four main factors that can keep auto insurance rates down. See if you fall into any of the following categories. If you do, you may be able to save money on your car insurance regardless of the value of your automobile.

1. If you are looking to buy a car, consider buying a car that "looks good" to insurance companies. For instance, insurance companies know what kinds of cars are prone to problems. They also know what kinds of cars are most often stolen. If you haven't purchased your car yet, find out what cars make this "good list" among auto insurers.

2. Most insurance companies offer discounts for a variety of reasons - for example, good students, having more than one car insured and accident-free driving are all worth a discount. Ask insurance companies about specific discounts that may be available to you.

3. Consider carpooling or using public transportation to get to work. The less you use your car, the less your insurance will cost you.

4. Finally, drive carefully! Insurance companies are not happy to insure accident-prone drivers, so the safer you drive, the less you will have to pay for auto insurance.

Remember, don't be afraid to ask your insurance company about any discounts they offer - it could save you a little cash.

About the Author
Caleb Anderson invites you to visit Find This Online an online resource guide that offers a variety of articles written on different subjects. Browse through plenty of useful articles, information, content and resources on the subject. Visit us Here for more articles on car insurance.