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Auto Insurance: Tips to Save Money

The auto insurance rate is increasing each year. But there are several ways you can begin saving money on auto insurance.

Mar 26 2014, 9:37am CDT | by

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Auto Insurance Money Saving Tips

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Auto Insurance: Tips to Save Money

Current reports indicate that the rate of auto insurance is increasing each year in the United States. "The 2013 auto insurance increase is in line with a five-year trend of annual average rate increases between 2% and 4%, and was lower than the 2012 country-wide rate increase of 3.7%," according to Perr&Knight, which is based in Santa Monica, Calif.

But there are methods of lowering the costs on auto insurance. Unbelievable as this may sound, to many people, it is nonetheless true. There are tactics that will have you saving a whole lot of cash on your insurance policy. Therefore, start applying the rules and knowledge according to the experts. 

The following 7 tips will enlighten you as to how to put away some of that legal tender when it comes to the upkeep and safety of your good old auto:

  • You can save up on the fender bender. In particular if you are a careful driver, there is no need to buy this precautionary spare part.
  • By pooling with several other people you lessen the mileage on the front panel. That way the insurance company will charge you less. 
  • Read the fine print in your insurance policy booklet. You may not be availing offers that will immensely benefit you from a monetary angle. 
  • By shuffling various offers given by the insurance company, you may save a ton of money. The process is termed “multilining” and it works. Do not forget to look into this matter. 
  • Save up on extra mileage by going to the nearby store as a pedestrian. Or you may pay a monthly visit to the superstore for rations and thereby skimp on the extra fuel. 
  • Some car insurance companies offer a small device that fits in your car and monitors driving and travel habits. This way a lot of expenses can be avoided.
  • You may get a discount by paying your bills on time. There are lots of opportunities that a car insurance owner may avail provided he asks the right questions from the company staff. 

Do what needs to be done and save a nest egg from your auto insurance policy. After all, you deserve it!

Source: Bankrate

 

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

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