Easy Ways To Save On Car Insurance

There are easy wasy to save on car insurance, you just have to know where to find them. See what the car insurance experts at Ai Insurance have to say about that. They just might help you to reduce your vehicle insurance rates.

(NC)—If there's one wish that all drivers share—next to cheaper gas—it's how to reduce their car insurance premiums. Whether you've been paying premiums for many years or you're shopping around for your very first policy, coverage is essential but it doesn't have to break the bank.

The experts at Ai Insurance have a few suggestions on how you can reduce your car insurance premiums.

Consider The Age Of Your Car:

If you own a car that is more than 10 years old, you may want to remove collision and comprehensive coverage, especially if the total value of the car is low. It all depends on your situation. Can you afford to repair or replace the vehicle with something similar if you had an at-fault collision or if it was stolen? If not, it might make sense to maintain the coverage.

Consider Your Deductible:

Another way of saving some money is by increasing your deductible, regardless of your car's age. Increasing your deductible from $300 to $500 or even up to $1000 will reduce your premium. Remember however that in the event of an at-fault collision, you must pay the first $500 or $1000 in repair or replacement costs, depending on the deductible you choose.

Choose Your Vehicle Carefully:

That great deal on a new car might look perfect on paper, but you may want to find out what your insurance premium will be before you sign the purchase agreement. For example, luxury cars can be more expensive to insure due the higher repair or replacement costs compared to a less expensive car. Likewise you will probably pay more to insure a high performance car as these are also expensive to fix or replace and are deemed more likely to be stolen, driven at high speeds and involved in high impact collisions.

Where Are You Going?

The distance you drive and the purpose of your driving is taken into account when calculating your premium. If you have to commute a great distance to the office, maybe think of taking public transit. You could save on gas, wear and tear on your vehicle, and on your insurance premium.

Drive Carefully!

It sounds like a no-brainer, but having a clean driving record is one of the best ways of keeping your insurance costs down. Speeding and other traffic tickets can have a big impact on your insurance premiums. The same is true of at-fault accidents.

Consider Combining Your Home And Auto Insurance:

In some cases you may be eligible for a reduced rate by joining your car and house insurance, especially if you've been with your insurer for a while. Another simple way to increase your auto insurance savings and enjoy greater convenience is to consider insuring all of your personal vehicles with one provider. 

 

To learn more visit: http://www.aiins.us Auto Insurance Fayetteville, Home, Life, Health, Boat, and more.

Car insurance hope for young drivers

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Young Marmalade, which specialises in car insurance for younger drivers, has cut premiums by 17% during the four months to the end of July, bucking the trend of soaring premiums.

AA Insurance said premiums for drivers between 17 and 22 have risen, on average, by 80% over the past two years, while the latest Confused.com/Towers Watson car insurance index, which tracks more than 4m quotes, shows the average 17- to 20-year-old male now paying £4,006 a year for comprehensive cover, compared with an average premium cost of £858.

Simon Douglas, director of AA Insurance, says: "Most young people can't get their heads round why their first car insurance premium should be 10 times greater than what they might pay for an old banger. But it's got everything to do with the potential damage their irresponsible use can inflict. Entirely preventable car crash injury claims of £5m or more are becoming increasingly common."

Young Marmalade uses telematics or "black box" satellite technology, which it calls Intelligent Marmalade. It monitors driving behaviour such as braking and acceleration, speed and at what time of day the car is driven. The data is used to calculate premiums; the better the car is driven, the lower the premium and vice-versa.

Nigel Lacy of Young Marmalade, said a young man using Intelligent Marmalade will pay on average £2,601 for comprehensive cover, while a young woman will pay £1,642 a year. After the black box has been fitted, initial premiums are subject to £250 and £500 increases should the technology indicate the insured is a bad driver. If that continues, Young Marmalade will cancel the policy.

Lacy added: "Young drivers are notoriously the sector that suffers the most in insurance costs. This is part of our ongoing commitment to get more young people driving – and driving safely. Intelligent Marmalade has had a very positive impact on safety; drivers are far more vigilant and careful with the 'black box' on board."

In 2006 Norwich Union, now Aviva, launched two policies using black box technology but they were withdrawn within two years because of low take-up. This was partly because the technology was very expensive at the time and partly because insurance for younger people cost less then.

Co-operative Insurance claims its Young Driver policy results in premiums that are, on average, £328 below competitors' quotes, and 82% of 17- to 25-year-olds could save money. Policyholders have their driving assessed every 90 days and are given a discount worth up to 11% of the premium if they drive sensibly.