Sunday, October 25, 2009

NY Vehicle Insurance Rates -- To Save Considerably, Try These


We all will be glad to get a very low New York auto insurance rate if it comes with adequate coverage. But in what ways can this be achieved? Here are things that will help you get reasonable discounts without difficulty...

1. The difference in the cost of insuring similar cars could be very huge. Therefore, have this at the back of your mind when you are ready to buy your next vehicle. A car of similar specification that has a poor crash rating and higher theft rate will cost a lot more to insure.

Also, cars that generally cost more to maintain also cost more to insure. With a little diligence you can avoid buying a car that will cost you much in higher premiums over time.

Insurance Quotes

2. A vehicle with a high safety rating will make you eligible for lower rates than one with a poorer rating all other things being equal. Does your vehicle have built-in safety mechanisms? You will be eligible for a Safe Car discount if your car has such features. Your agent can give you a list of safety devices that will get you a discount with your insurance provider.

3. Under-25 drivers get higher rates than any other age group. Worse still, if they are teenagers their auto insurance rates could be really high.

So you'll do well to NOT place your teenage driver on your policy. It will have an adverse effect on your rate. Sign an exclusion form that will allow your teen driver have his or her own policy.

If a teen is keen on driving then then should be made responsible for at least the cost of their New York auto insurance. An addition argument in favor of this is that your teen will be more willing to take measures to reduce what he or she pays. Your teen will also be safer as the steps that will bring down his/her rates will make her a more responsible behind wheels.

Affordable Auto Insurance

4. You'll save by being loyal to an insurer due to the long term discount and accident forgiveness which they give to long-standing policy holders. Depending on the insurer, you'll be eligible for a discount of 5% once you've stayed with them for between three and five years.

The accident forgiveness discount means that your insurer will not raise your rates if you file just one claim. These are all incentives for you to stay with them for as long as possible.

Just bear in mind that some people will be better off if they switched to another insurer notwithstanding the many discounts given to long term policy holders.

let'sassume, that you are given a 5% (or $125) discount after your third year with an insurance company where you present auto insurance rate is $2,500.

But due to inflation, insurers may have to re-adjust their rates to reflect such changes. But while you're at it, some other insurer could be willing to give you a rate of $2,000 or less within that period. In this regard, it is of no value to stay put because you want to get a discount much later when you can pay less at the moment.

It's a sure fact that most people can pay far less with another insurance company if they will only take the time to shop right.. Considering that the process of getting and comparing auto insurance quotes requires just minutes, I'll wonder why you won't do that instantly and get more affordable auto insurance rates immediately.

5. There are course that are set up to make you a better driver. Participate in them. In addition to making you a safer driver, they will get you a discount with your insurer provided such a class is one they approve.

6. It's easy to save a few hundred dollars on a home but lose thousands over the years on auto insurance because of its location. Homes in the same neighborhood may fall under different risk zones as far as your insurer is concerned.

So check with your agent before you commit to a new home. The truth is that most people don't think about this when they are about buying a home.

Remember, you might live in this home for up to 20 years or more. If its location makes you pay up to $200 more in premium, that will add up to $4,000 within that time frame.

Auto Insurance Quotes

7. As an under 25, you can pay lower NY auto insurance rates if you use your parents' policy. If you are of driving age, then your parents certainly are far above 25 years which means they're lower risk drivers.

There are two conditions that you must fulfill to make this possible: The car must be registered in your parents' name and you must live with them. If you want to be the owner of your vehicle, then be the big boy or girl and also own the costly rates. Sorry, you can't have both with this alternative. However, you can still make a lot of savings by following the link at the end of this piece.

8. You might save several hundreds of dollars by simply receiving and evaluating quotes from about five quotes sites. And, it will take only a total of 25 minutes.
Get Cheap Auto Insurance Quotes And Save Much Now!
Get Quick Free NO-Obligation Quotes Now And Save!

No comments:

Post a Comment