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Source: www.taggedsearch.net/Article/166/19180
www.taggedsearch.net
5 Strategies To Reduce Your Car Insurance PremiumsYour latest car insurance bill has arrived and it is not a pretty site. In fact, it is downright ugly!
What can you do? Must you remain hostage to the ever spiraling rate increases foisted upon
you when your policy renews? In a word, no. Let's examine five strategies you can practice
today to help reduce your car insurance premiums immediately.
1. Shop For A New Policy. Even with "loyalty discounts" in place, many consumers will find
that a competing company will offer significant savings over your current plan. This especially
holds true if your state recently opened up the market to invite more competition in.
2. Change Your Coverage. If your vehicle is old, you many want to consider dropping
collision coverage. Your comprehensive coverage may also be due for reexamination.
Finally, make sure that there aren't duplicate costs included such as towing insurance if
already offered through your automobile club.
3. Family Status. You may be paying more for your insurance if your policy shows that you
are single when, in fact, you were recently married. Rates are generally lowered for married
folks as well as those over a certain age.
4. Up Your Deductible. You can realize instant savings by raising the deductible you are
willing to pay. Maybe you don't need a $200 collision deductible when $500 is sufficient.
5. Get Security Discounts. If you park your car in a locked garage and/or have an alarm
system installed make sure that your insurer is aware of this as your premium will be
adjusted downward.
In many cases you can also save on car insurance by bundling it with your homeowners
insurance. Finally, talk with your broker to see whatever other measures you can take to
realize additional savings.
Matthew Keegan is The Article Writer who writes on just about any and every issue
imaginable. You can preview samples from his high performing site at
http://www.thearticlewriter.com