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Eight Hidden Secrets for Saving on Auto Insurance
Saving money on your auto insurance may be easier than you
think. Esurance has 8 tips to help you save money.
1. Get informed!
Before buying a car, you probably
factor in the affordability of loan payments, gas mileage, and how the car will
suit you and your household’s needs. You should also take your auto insurance
premium into account when buying a car. If you’re eyeing that little red sports
car, don’t be surprised that you’ll have to pay more for auto insurance than
you would if you bought a 4-door family sedan.
Your vehicle’s safety equipment,
crash test rating, and the cost to repair or replace it, all help determine
your auto insurance rate. While researching the car of your dreams, get an auto
insurance quote from Esurance. Spending some time to understand the car you’re
buying and the auto insurance coverage you’ll need can save you hundreds of
dollars a year!
2. Drive safely.
Driving safely is one of the best
ways to keep your auto insurance rates low. (Even more important, it helps
saves lives!) Speeding tickets and fender benders only increase your auto
insurance costs. Drivers with good driving records often benefit from safe driving
discounts as well.
3. Mind the insurance gap.
Having gaps in your auto insurance
coverage can cost you money. When you have a lapse in coverage, most auto
insurance companies will charge you a higher rate. Gaps in coverage have been
correlated with a higher risk of accidents, one of
the factors that help determine your rate. Make sure you keep your auto
insurance coverage, and avoid having a gap in coverage even if it’s only for a
day!
4. Shop around.
Sometimes, loyalty doesn’t pay. You
may be paying more than you need to by staying with the same auto insurance
company! Every 6 months, you should compare prices with several auto insurance
companies to find the best deal. You may be surprised at how much you save when
you shop around.
Most people don’t know that they
can change and cancel their policies at any time. You don’t have to wait until
your policy expires or renews to take advantage of a better deal on auto
insurance. However, because you never want to have a gap in your auto insurance
coverage, it’s better to sign up for new coverage and then cancel your existing
policy. When you get a quote on your auto insurance at Esurance, you can
compare prices with other insurance companies.
5. Pay your non-auto insurance bills on time.
Auto insurance companies use
several pieces of information to assess the potential risk a driver represents.
One important rating factor, applicable in some states, is the credit-based
insurance score. Insurance industry statisticians and actuaries have found that
folks who pay their bills on time are generally better drivers. When auto
insurance companies think you’re a better driver, you generally get a better
rate.
6. Look for ways to save.
Car insurance discounts vary in each state.
When you get a quote for auto insurance from Esurance you can find out which
discounts are available for drivers in your state. Some additional factors that
may lower your rate or help you get a discount on your auto insurance may
include:
- Factory-installed safety equipment (air bags,
automatic seat belts, etc.)
- Factory-installed anti-theft devices (car alarms,
anti-theft devices, etc.)
- Additional anti-theft equipment (certified car
tracking systems)
- Good students in certain age groups
7. Buy online and save.
When you buy auto insurance from
Esurance, you’ll save money because we cut out the middleman and passed on the
savings to you in the form of lower rates. As an Esurance policyholder, you
won’t have to wait for your agent’s office to open to report a claim, make a
policy change, or get an extra insurance card. Esurance also offers 24/7
customer service and claims reporting. Not only will you save money, you’ll
also save time!
8. Customize your coverage.
No 2 people are alike, and no one’s
auto insurance should be either. Whether you’re buying a home, graduating from
college, getting married, or you’re just not sure that you have the auto
insurance that’s exactly right for you, Esurance’s Coverage Counselor
planning tool can help you figure it all out.
By following these 8 tips, you’ll be saving hundreds of
dollars a year on auto insurance in no time!
Get your insurance quotes from Esurance today!
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