How To Lower Your Automobile Insurance Rates

You may or may not realize that more than half of the U.S drivers today are paying more for their auto insurance than they should be. They have been brainwashed by slick TV commercials telling them how easy it is to save, but they don’t tell what to look for and what questions to ask.

So what is the easiest way to lower your automobile insurance rate? Raise your deductible! This is by far the easiest way to lower your automobile insurance rates.

I know you are saying to yourself, but the deductible amount is the price I have to pay in the event of an accident….why do I want to raise it and pay more?

Think about it for a minute. if you are a safe driver and have not made a claim in the last 7 years….you over paid for insurance big time if you carried less than a $1,000 deductible and you got hosed if you carried a less than $500 deductible.

Yes, you would have to pay $1,000 IF you had a claim and if your insurance company paid that claim. So, two things have to happen here, you have to have a claim to file….and you have to be at fault and your insurance company has to be liable for the claim.

If you had a claim but the other driver was at fault and their insurance paid that claim….you do not have to pay the deductible amount. If you have not had a claim in awhile and don’t drive like a mad man…you could pocket a lot of money savings from raising your deductible to $1,000.

Second best way to lower your automobile insurance rate is checking! Sounds very simple I know, but have you compared auto insurance rates in the last 3 years? if you have not, chances are high you are over paying by at least 20%.

Insurance agents fight over new clients, and they want that new client to stay with that company for at least 3 years, but after that your “new” wears off and they slowly start to tighten the screws and increase your rates.

If you get online, fill out one quote form and get a few phone calls or emails from agents looking to get you as a new customers….they will bend over backwards for your business. You can then work those new quotes you got online against the new agents and have them get into a bidding war for your business.

One word of caution, make sure they don’t just cut the coverage to cut the premiums. Make darn sure you are comparing the same coverage and same limits.

Compare quotes from up to 12 of the top auto insurance companies and select the one that is best for you!