Cheaper Auto Insurance Rates - Simple Steps - Unbelievable Savings

You can get cheaper auto insurance rates if you take certain simple steps. In fact the sum of the amount you'll save by these steps will be nothing short of amazing. Here are some of such steps...

1. A simple but smart way of lowering your premium is by authorizing an EFT (Electronic Funds Transfer). This simply means your insurer withdraws your premiums automatically from your account at specified periods without mailing you payment notices. This saves the insurance company in many ways such as eliminating the cost of mailing payment notices and the cost of processing checks. This is why this attracts lower premium.

2. Paying your premium yearly will get you more affordable rates than opting for monthly payments. You might be sold that monthly payments are easy but what you don't know is how much more you pay for this.

There are transaction charges that are incurred when processing a check. While a yearly payment attracts a single check and therefore one transaction for a year, monthly payments attract twelve. This means that you will pay transaction fees twelve times.

3. Go for a third party only cover if your priority is getting the most savings. The law in most places will be okay with only that. Just note that you'll not receive any money for your car. It only takes care of the third party's car. This implies that you will have to pay out of your own account to repair your car.

If your car is old, this has to be your best option. The shortcoming of picking collision coverage for an old car is that the value of the car at the time of the accident is what would be used to calculate your reimbursement. Count in your deductible (An amount you must pay before your insurer fulfills its commitment) and you will see that if your car is simply an old one, not a classic, what you will be reimbursed will not justify the premiums you would have been paying.

4. Get and compare auto insurance quotes from as many reputable sites as you can (The more, the better). I personally recommend that you visit not less than five sites. This rather simple process can easily save you up to a thousand in premium dollars.

10 Oct 2008 14:45:56

UPDATE 2-China car sales fall for 2nd month as economy ebbs - Reuters

StarPhoenix UPDATE 2-China car sales fall for 2nd month as economy ebbs Reuters - By Fang Yan SHANGHAI, Oct 10 (Reuters) - China's passenger car sales shrank for a second month in a row in September, official data showed on Friday, ... UPDATE 1-Ford Jan-Sept China sales growth slows to 7 pct

More details: http://reuters.com/article/economicNews/idUSSHA1730412008101~

Keywords: