Posts Tagged ‘Insurance Rates’
Arizona auto insurance is not cheap
Arizona ranked as the thirteenth most expensive state for auto insurance during the years 1999 to 2003. With insurance average insurance premiums rising to £920.38 in the year 2003 that is nearly a 5% increase from the previous year. If these trends keep up the average for 2005 premiums paid will be about £1014.00.
With more than 3.3 million cars insured privately in Arizona there is plenty of opportunity to shop around and try to decrease what you are spending for car insurance. Even with high risk drivers saving money on auto insurance is quite easy.
Where do I start saving money on car insurance?
The first place to look to save money is with the deductible. Many don’t know that deductibles can vary with each form of insurance coverage that is offered. You may have £250 deductible on comprehensive claims and a £500 deductible on the collision claims. Raising these deductibles can save money every month. Before increasing the deductibles compare what the savings are per month with what you would pay in the case of damage or an accident.
Many people do not change their insurance policy as their car ages. The fact that your car depreciates so quickly can allow you to save money on auto insurance. If your £30,000 car is now worth £5,000 then full collision coverage may not be that beneficial considering that you would pay more to insure the vehicle after a claim than you would to just pay any claim out of pocket. Remember after a claim insurance rates are increased and this makes many small claims cheaper to pay for rather than file a claim with an insurance company. Since these small claims may be paid for out of pocket decreasing your coverage can save a lot of money every month.
Please visit our recommended sources for insurance quotes.
Cheap Car Insurance For Students - Is There Such A Thing?
Cheap car insurance is out there
My college days were laced with phone calls from the motor vehicle department reminding me of my many speeding tickets and moving violations. Although they never revoked my license I dont think a driving record can get much worse without losing your license altogether. A driving record like that along with being younger than 25 years of age and you are looking at some very expensive insurance rates. At one time I had fifteen tickets on my record. Cheap car insurance was not the question. Getting at all was the issue. Many companies would not even insure me. Those that did would not touch me for less than $600 per month. To make a long story short I did end up with insurance that was affordable. Even with tickets from my state and 3 surrounding states.
What to watch out for
Before running out and getting quotes from all over the internet there are some things to know. I was able to find insurance for about $136 per month while having that driving record. I also forgot to say that I had one accident claim on record also. I was able to find very affordable insurance. The difference is the coverage. I did have to give some things up. Many companies are very different in what they offer. It could range from free vehicle towing to very high deductibles. Be sure to compare not only the quoted rate but the coverage also. And remember, in three years most states will clear your driving record and when you hit the age of 25 your rates improve dramatically.
Please see our recommended source for all insurance quotes. We have done the research so you don’t have to.
EzQuoteGuide.com connects you to multiple brokers so you can find the cheapest insurance rates.
Is it coming round to the time to renew your car insurance? Do you, like 23% of car owners, just accept the quote and stay with your insurer? Does it matter that the premium is 5 or 10 per cent more expensive than last years? Maybe its just not worth the hassle of all those phone calls to goodness knows where, thumbing through the yellow pages or wearing out your shoe-leather down town. In addition to this, Insurance companies offer the best rates to new customers, in order to gain their custom. Existing clients generally stay with them anyway.
What about the internet? It really is worth giving it a try. Do you know that, if you shop around you could, on average, save around 55, plus the extra online discount? It is estimated that more than 2.25 million car owners purchase their car insurance on line now. The internet is speedy and simple to use and internet sales are generally growing amazingly fast.
Car insurers really want your business; they will be extremely competitive with pricing in order to win you over. There are around 100 of them in the UK and due to the strong competition in the industry; prices have held level for the past year or so. You can go to the individual insurers websites, comparison websites or use one that recommends specific insurers for different types of driver, whether they be the in the young, higher risk category or the experienced old driver with years of proven safe driving behind them. You will receive instant results and an unbelievable amount of advice and information. Youll be asked to fill in your relevant details, for example the number of years youve been driving, whether there are any convictions, number of years of no claims for your discount. All easily answered and your no claims details should be on your renewal notice.
Apart from the straightforward individual car insurance, new categories of insurance are coming on to the market. There are pay as you go options and multi-car policies. These used to be difficult to obtain unless you were in the car-trade. It certainly seems to be time to re-assess whats available in the car insurance line and get yourself up to date on whats on offer. A short time browsing the internet will get you thinking along the right lines.
A word of warning though; The AAs Ian Crowder says If we dont start to see modest price increases, then there could well be an unpleasant and sudden price hike. This will not be good for the industrys reputation or out customers. Insurers are beginning to show signs that they may not be able to continue to hold down prices for very much longer. Claims are accelerating. The average cost of accidental damage repair has risen, costing an additional 5% per year, despite the fact that there are fewer accidents. Claims for personal injury are rising fast and the cost of settling these is rising at around 12% per annum.
Dont give your insurer the chance to use this as an excuse for a rising premium, get on line and get sorted!