How To Save Money Car Insurance Reduce Coverage On Older Cars High Mileage Cars
Looking for ways to save on your auto insurance ?
Customizing your auto coverage is necessary to get the right amount of coverage for your specific situation. What you need may not be what the guy next door needs. Examine your policy for places to save?
There comes a time with every car when it doesn´t make sense to pay for full coverage anymore, an “over insured” vehicle. It can be difficult to decide if your car is at this point or not but a basic rule of thumb is any car that is 10 years and older, or under $5,000 in value, may only need to be insured to the state required liability. A Cloverleaf Insurance agent will help you determine this in light of relevant factors such as age and high mileage.
Multicar discounts are also available from most companies and can save you on your premiums. Keep in mind that these are for cars in the insured´s name, so if you are adding a child´s car to your policy, the car should be in the parent´s name in order to receive the discount.
More ways to save money on the cost of coverage:
• Maintain good credit! Studies have shown that those with a history of poor credit are more likely to make a claim on their insurance policy. Some insurers will pull your credit report before writing your policy inorder to determine your “insurance risk score”. Paying on time has more benefit than just avoiding late fees!
• Your driving record matters! The cost of your coverage could go up significantly after your first accident. Though not usually as high as when the accident is not your fault. Keep your record clean and pay less money.
• Comparison shop!! Having good credit and a good record can still result in high premiums when you just accept the first quote. The number one reason people pay too much for car insurance is that they didn´t comparison shop. This can be a tedious chore if you are trying to do it on your own, which is probably why a lot of people skip it. A good remedy is to work with an experienced Cloverleaf Insurance agent who can access many companies at once and customize your coverage for the best price available.
It makes little sense to pay more for car insurance than is necessary. You do have options. Work with an experienced, independent Cloverleaf Insurance agent who can access many companies at once. It will save you time, aggravation, and money you can happily spend on other things. We do the comparisons for you! To get more information or to speak with an agent, visit www.cloverleafins.com or call 1-800-530-5822.