Not to mention those of us who have had a couple of fender benders, they certainly know that their policy is not going to be anywhere close to be called cheap.
I think that a better way to look at insurance in general is from the bottom up. What does that mean?
Well, think of how much it would cost you to have to pay out of your own pocket for the repair of two, or more, vehicles. Or even worse, what if the accident has caused serious injuries?
You see, suddenly the insurance rate you are considering to pay does not seem all that expensive anymore.
Anyway, the fact that cheap insurance is definitely one of those expressions we can define as oxymoron remains. Unfortunately car insurance will never be cheap. But there are a few things we can pay attention to which, over time, may result in significant saving.
- Insurance is a product like any other therefore you know that if you buy "more" you usually get a better price, right? So why not bundle up two or three kind of insurances? Many insurance companies can cover your needs for home insurance, life insurance and car insurance.
Offering to do business for all your insurance needs with the same company will certainly give you the leverage necessary to obtain lower rates, for all your polices.
- How many accidents are you planning to have in the next ten years? That sounds like a tricky question, does it? Of course you are not planning to be involved in any accident, but if you are an average driver statistics say that you will have one accident every ten years.
If you have a deductible of five hundred dollars your insurance premium will be low enough to save you at least three thousand dollars over a time span of ten years. There you have it! If you get your "statistical" accident you'll have to pay the five hundred dollars deductible, but because you have bought a higher deductible, in time, you will actually save a bundle since your monthly payments are lower than what they would have been if you had chosen to buy a smaller deductible.
- Do you know that you can reach an agreement with your insurer about the amount of money you would ask for pain and suffering? Yes, it is called "Limited Tort".
This is how it works. Because you agree not to request more than a certain amount of money for the inconveniencies occurred consequently to an accident, your monthly payments could be considerably less.
You will still be able to sue and receive monetary relief if you had to go through rehabilitation or if you have lost money because you could not work for some time. You are just agreeing that you won't be asking for a few million dollars.
Check with your insurer, not all states have limited tort options, but if you live in a state that does you can save up to twenty percent of your policy rate.
Article Source: http://www.insurancearticle.com
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