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Hi, my name is Brian Stevens. I am a former insurance agent and financial consultant. I want to show you the three biggest money savers when it comes to car insurance. With the rising number of car accidents and the rising costs of car insurance these days, you want to be sure you are getting the best insurance at the best rate. Here are three car insurance tips that will show you how to save the most amount of money.
Tip number one, shop for quotes. Shopping for quotes is by far the best way to save the most money on your insurance premium. There are insurance comparison sites that will give you quotes from top insurance companies so you can compare them and get the cheapest rate. Shopping for quotes can save you five hundred to a thousand dollars or more.
Tip number two, increase your deductible. The deductible is the amount you pay on a claim before your insurance kicks in. Most of us never file claims for small amounts of damage because insurance companies can hike up your rates if you file too many claims. So, it only makes sense to increase your deductible to an amount you can afford. Increasing your collision deductible from $200 to $500 will cut your yearly premium by 15-30%. Increasing it to a thousand dollars can cut your premium in half.
Tip three, consider dropping collision coverage. Collision coverage is the cost of repairing damage to your car regardless of who is at fault. If you drive an older car, you may want to drop your collision coverage if your premium plus your deductible is worth more than your car. Dropping your collision coverage can save your $300 to $500 a year.
The best way to save money on your car insurance is to comparison shop and the easiest way to do that is to get quotes from an insurance comparison website. It is quick. It is easy and it is free.
Visit lowerratequotes.com or if you are on You Tube click on the lower rate quotes link to the right of this video to get car insurance quotes from top rated companies and see how much you can save. You can get more tips and advice in their article section and get answers to your questions plus get tips on how to lower your premium from an insurance expert by using their online chat service.
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