Sunday, November 19, 2006

Auto Insurance – Guide to save money

Auto insurance policy is the primary need of all automobile owners and/or drivers. In some countries it is compulsory buy auto insurance just after a trial ride.

Finding the best auto insurance involves finding someone who will offer you good price as well as treat you fairly when you need them most “at the time of filing a claim.” Usually, it is easier to collect data and auto insurance quote but the toughest part is to find a counterpart who will treat you fairly when you will be in the need of help – after accident. Best auto insurance policy should be insurer friendly and cheap.
Internet would be helpful for you in both these regards. Information below will help you buying the best auto nsurance policy.
First of all look at the declaration part of the policy, which includes information about drivers in your house, model number of vehicle, vehicle identification number and policy number. Policy limits, deductibles and coverages purchased will be mentioned there. Thus read this portion and decide yourself, to accept or refuse.
Coverage portion of auto insurance policy comprises coverage limits such as medical, comprehensive and collision. This section mainly outlines what the insurance company will provide in case of accident. Auto insurance policy with strong coverage is the best auto insurance policy.
Conditions - This section includes all about legal bindings. Points included here are steps to filing claim, premium payment obligations and instructions to solve disputes. If you find this section of auto insurance is in your favor, then the policy is insurer friendly and also the best auto insurance for you.But remember, before you sign, read the policy and clear the older one.
Ways to save money on Auto Insurance
Are you sick and tired of paying a fortune on auto insurance? Of course you are but what are you going to do about it. There are several things you can do to lower your auto insurance costs. Read along and find out three great ways to save money on auto insurance.

Ø The most effective way to cut your insurance rates is to keep your driving record clean. So watch your speed and drive carefully. If you get a ticket and are eligible to take defensive driving to erase it from your record, do so.
Ø The next way to save money is to raise your deductibles. Raising your deductibles from $250 to $500 or even $1000 can have a drastic effect on your insurance rates. If you have an auto loan be sure to check with your lien holder as they usually have a limit on how high your deductible can be.
Ø The last way to save on auto insurance is to make sure that you are getting all of the available discounts. If you have taken defensive driving or any driver safety course be sure to tell your insurer. If you have homeowners or renters insurance move all of your policies over to one insurer. If your car has safety features such as antilock brakes, side impact air bags or alarms make sure your insurer knows about it. There are lots of little discounts offered by insurers. Ask your agent for further details.

Insurance is a major expense but is also an important one. Hopefully you will put these three tips into effect and start saving money on your auto insurance policy.

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