Tips and Tricks for Saving on Auto Insurance

Finding the best auto insurance rates can sometimes be tricky. It is absolutely necessary to be insured on the roads, though. In fact, it is required, by Illinois state law to have coverage. Some find auto insurance to be extremely expensive but, there are ways to help make it more affordable. Here are some things to consider to find the ideal price of insurance.

Shop Around

Get quotes from multiple insurance companies, including different types of companies. Also, realize that the lowest number does not mean the cheapest.

Consider Insurance While Shopping for Cars

Some vehicles have lower reliability ratings and other factors that contribute to higher premiums. While researching cars it is important to compare potential premiums for each of your options to ensure you are getting the best deal.

Increase Deductible

By increasing your deductible, you can decrease your premium. Just be sure that the deductible is manageable for your budget and that you have enough money saved in case you need to file a claim.

Bundle Insurance

If the insurance agency that you choose offers bundling, take advantage of it. If not, try to stay with the same company for all of your insurance needs. This results in discounts in most cases.

Keep Good Credit

Having good credit helps lower insurance rates. Researchers have found a significant relationship between your credit score and amount of claims filed. Insurance companies tend to rely on this correlation to define your financial responsibility.

Low Mileage Discounts

Research mileage averages and see if you fall below that. Do not be afraid to ask about a low mileage discount. This discount could also apply to you if you are someone who carpools.

Group Insurance

Some people fall into the category of people who receive insurance from their employer or other groups they belong to. Some insurance providers offer discounts on auto insurance to people who fall into this category.

Other Discounts

Ask your agent if there are any additional discounts you are qualified for based on certain qualities such as how you drive, etc.

Purchase 10+ days before you actually need it

By purchasing coverage before you need to use it helps drive down premium costs.

Pay in Full Up Front

If possible pay in full, rather than setting up a payment plan. The amount you save annually will add up.

Get New Policy When You Move

Especially out of state! Some states have significantly higher insurance rates than others.

Older Cars

Buying a brand new car, just released is exciting, but if your priority is lower insurance premiums it is better to purchase models that are 5+ years old. They are considered more reliable.

VIN Number for Quotes

The purpose of this is to see if you are eligible for a discount if you have anti-theft devices.

Go Paperless

Some companies value using less paper and offer a small discount to those who opt out of using paper which is not hard to do in this age if technology. It is a small offering, but it adds up.

Insurance Vocabulary

Be sure to understand what the verbiage means so that you have a good idea of what you actually need covered and what questions you need to ask your agent.

Automatic Billing

This is another way to save over time, similar to going paperless.

Education

Some insurers offer discounts based off of the level of education you have. For example, some offer discounts for college graduates.

Teen Drivers

Teen drivers are known to drive up insurance costs, since they are more accident prone. But, if they are in a college that is 100+ miles away without a car some insurers allow them to be temporarily taken off of the plan. Additionally, most companies offer a “good student” discount implying that they correlate this test of intelligence with responsible driving habits. Proof of a safe driving class can also save some money on teen auto insurance.

Change Insurance When Lifestyle Changes

If you expect to drive less due to retirement or other factors, report this to your insurer. This can reduce the amount that you have to pay for insurance.

Most importantly, be aware of your needs and form a relationship with your insurance agent. Awareness is the first step towards savings.

Cheap Car Insurance for Women

Car insurance for women can be actually quite cheaper when compared to men because of various reasons. Although there are several misconceptions that women are not really skilled when it comes to driving, the fact is a little different. Insurance packages for women tend to be around 10% cheaper than that for women because insurance companies normally believe through their experience and through their statistical data that women drivers are safer drivers.

Is It Possible for Women to Get Cheap Insurance?

All insurance companies would decide their premium according to the risk associated with a particular person. Based on their data these companies believe that men are higher risk drivers and so they are required to pay higher insurance premiums. For this reason car insurance for women is cheaper. The insurance company data specifies the below mentioned points:

• Women are involved in fewer accidents when compared to men.

• Women will normally commit less traffic violations when compared to men.

• Accidental damage for women tends to be smaller.

• Women will usually buy everyday cars than sports or luxury cars.

• Women are more likely to pass drivers exams at the first attempt.

All the above data shows that there are several reasons why it is easier for women to find inexpensive insurance packages since insurance companies have the necessary data to rely on that states that women are safer drivers. However, these companies will always check the prior record for each applicant before they decide on their premiums. If your prior record has not been that great then the chance for you to get cheaper premiums will be a little lower.

How to Find Cheaper Insurance?

In order to find car insurance for women at lower rates, you will first have to purchase the correct vehicle. What this means is that there are a few vehicles which will be cheaper to insure and if you purchase one of these cars you are more likely to get favorable premiums for your insurance. Cars which are normally quite expensive when it comes to insurance are luxury vehicles, sports cars, large SUV’s, cars that have a lot of advanced technological features, cars that have a high record of theft and cars that normally have higher repair costs.

One of the best things that you can do is to get insurance quotes from various companies before you actually go ahead and purchase any car. There are several women who don’t really consider the insurance premium they would have to pay before you purchase a car and simply depend on the cost of the car for making a decision about whether or not they should purchase it. If you purchase the right type of car and get quotes beforehand, it would be easier for you to get car insurance for women at lower rates.

Tips for Getting Car Insurance in Dubai and the UAE

With around 11 car insurers in the UAE, motor insurance is easy to get and most of the major insurance companies are well represented in the Gulf region. AXA Gulf is probably the best known for car insurance in Dubai; they have been in the region for many years and offer a comprehensive range of insurance policies, not just for motor vehicles. However, they’re not your only option. RAK Insurance, RSA UAE, AIG UAE, Zurich Insurance UAE and Oman Insurance Company are just a few of the available options.

There are 2 types of insurance cover available – Comprehensive cover and Third Party Liability cover. Comprehensive cover offers complete protection in the case of accidents, whether it was your fault or not, along with a raft of other options which may include, depending upon the insurer:

Personal Accident, Injury and Passenger cover: this cover provides you with the option to make sure both yourself and your passengers are covered in the event of injury during an accident involving the insured vehicle. Usually this is an additional cost on top of the basic cover. Examples include Emergency Medical Expenses, which includes cover for up to an agreed sum if medical treatment is needed as the result of an accident and Personal Effects coverage for loss or damage up to an agreed sum if the damage or loss to the vehicle is the result of fire, lightning or external explosion.

Agency Repair: this policy covers repairs on the vehicle but is often only available on new cars, in which case it is possible to get cover of between 2 to 5 years, or cars that are up to 2 and 3 years old. In most instances the cover is usually only available until the car reaches 5 years of age regardless.

Off road and GCC (Gulf Cooperation Council) cover: if you intend to do some desert or off-road driving it’s a good idea to make sure you have a car insurance policy that covers this as well.

Excess fee: if you cause an accident the excess fee is what you pay over and above your cover when the vehicle is repaired.

Additional benefits: some other types of cover that may be included either as standard or as optional extras include a replacement car if your car is being repaired, Road Side Assistance including towing to an authorised repairer / service centre if it breaks down and jump starting in the event of a flat battery and so on.

The other type of car insurance is Third Party Liability cover, which only provides cover for the other vehicle if you cause an accident. Any damage caused to your own vehicle is your responsibility to fix. This policy is most commonly taken out with older cars that do not qualify for comprehensive cover.

Applying for car insurance in Dubai and the UAE

When applying for car insurance you will need information like the car’s make, model, engine and chassis number. Most insurance companies now offer an online service so you can research the best policies to suit your requirements and budget. It may end up being a lot more convenient however to use an online service that does all the research for you and then presents you with a few of the best options based on your circumstances as provided to them. 8keyz has a no-hassle 3 step online process available on their website to make the whole insurance process fast, easy and efficient.