How To Save On Your Auto InsuranceBy Tom McKnight
Let your fingers do the walkingÖ Remember that Yellow Pages Ad Campaign? Excellent advice if youíre shopping for auto insurance. Shop around and do it yearly. Donít just keep paying the invoice over and over without comparison shopping. Below are a few suggestions to help you get the best deal available on your automobile insurance policy.
Insurance agents really have a lot of leeway. They can price match and they can offer many discounts. There are also many decisions you can make about your policy that will save you a bundle. For example, if you change your deductible on your collision from a $50 deductible to a $1000 deductible, youíre inline for a huge premium savings. If you donít think you could come up with $1000 out of pocket, then change it to a $500 deductible; youíll still save a sizable amount on your annual premium payment.
You can also get more of a savings if you change your comprehensive deductible. Many people needlessly carry full coverage on their older vehicle. They originally purchased the vehicle new, paid for full coverage and to this day, continue to pay the same high rate. Their ten year old vehicle may be worth $1000 or less, yet they continue to pay $250-$450 every six months (total $500 to $900 dollars a year) to keep full coverage on their old vehicle.
However, if they have an accident and totaled their vehicle, the insurance company will only pay them the wholesale value of the vehicle. The amount they would receive could be $1000 or less. A vehicle that old just needs the insurance that protects the other person in case of an accident.
Another method to save more on your insurance is by combining your vehicles and other insurance together to get you additional savings. All insurance companies offer a multi-car discount (if yours doesnít, itís time to switch companies). Further, many will discount more if you have your homeowners or renters policy with them.
There are a few other discounts that you may not be taking advantage of. It seems obvious, but make sure you are getting the correct rate for your age. There are discounts for various ages than can save you lots of money. Check with your agent on this one. Also alarm systems on your vehicle are usually good for a discount. Additionally, anti-lock brakes and air bags can also help lower your premiums.
Donít just keep paying the invoice when it comes in. Your insurance bill should be an automatic trigger for you to make a few phone calls to see if you can save even more money on your auto insurance premiums.
Renting a car? Know whether your card adds insurance
Renting a car can put your credit card benefits into play, but only if you know what's covered and avoid the exclusions
Family?s anger as wife killer Malcolm Webster launches new appeal to clear name
WIFE killer Malcolm Webster has angered his victim?s family by launching a fresh attempt to clear his name.
Cecil business owners hope to rekindle car show tradition in Newark
NEWARK, Del. ? Looking out over the car show set up in the Newark Shopping Center parking lot on Saturday, Brandon Hollenbaugh was happy to see families checking out the hot-rods and antique cars.
A Soaring Market for Classic Cars
At the Bonhams Quail Lodge auction, nine Ferrari models set records, as did a Rolls-Royce once owned by Elvis Presley, and several Maseratis. Even a 1962 Austin Mini sold for a record $181,500. The we...
Windows to New Worlds
After 17 years of planning, fundraising, designing and building, the South Carolina State Museum?s new Windows To New Worlds project officially opens on Aug. 16. It includes a planetarium, 4D theater, observatory and an exciting and collaborative approach to education that can reach every school and give every student a chance to reach for the stars.
With $38 million Ferrari, classic car market revs up
Last year, two Manhattan condominiums sold for over $90 million and a Francis Bacon painting went for $142.4 million. Now comes the $38.1-million car.
Motorama Car Show a boon for North Adams
NORTH ADAMS -- Acres and acres of Corvettes, Mustangs, Ramblers, Corvairs and other muscle cars covered the downtown area on Sunday, for the fourth annual Motorama Car Show.
Antique residence destroyed by fire
An antique residence on South Elm Street was destroyed by fire Friday night, but Hope Fire Department firefighters were able to keep the fire from spreading to a nearby residence and business.
Dive into an array of biryanis at Biryani Festival
(MENAFN - Khaleej Times) The Antique Bazaar Biryani Festival will run from September 11-27 at Antique Bazaar Four Points by Sheraton Bank Street Bur Dubai.?Biryani was invent...
Nutson's Nuggets: Last Week's Automotive News and Opinion Aug 11-17, 2014
Auto Central Louisville, KY August 17, 2014; Each week Larry Nutson, Senior Editor, New York Bureau of The Auto Channel, along with Steve Purdy and Thom Cannell from The Auto Channel Michigan Bureau give you their "take" as easy to digest nuggets of the past week's automotive news.