As the per-capita income and the spending capacity of almost everybody are climbing steadfastly, personal and commercial vehicles are being purchased by every other individual in the country. And running parallel to the same is the number of injuries and property damage resulting from auto accidents. However, to one’s surprise, a major segment of these vehicle owners do not possess a coverage plan – neither for their vehicle nor for their own medical bills.
The most important factor that influences drivers to skip comprehensive coverage on their vehicles is the cost of such plans. Even as recent news suggests that flexible temporary coverage plans (ranging from one day to a month) has eased the problems of many a motorist, costs are still a big factor in deciding the kind of plans that people opt for.
Therefore, we shall work out some tips that would not only help you reduce the costs of buying a coverage policy, but will also help you to be happy with the policy you have:
- High Deductibles – As with other forms of insurance policies, here too a high deductible will ensure lower premiums for you. ‘Deductibles’ is the portion of the claim that the insurer will not pay. Many often wish to sideline this idea as higher deductibles mean an elevated payout amount in case you have an accident. But it still means that you get to pay cheaper monthly premiums, which goes a long way in easing the financial pressure in the long run.
- Drive Less – Most auto insurance firms provide a cheaper quote if you promise to drive less than a pre-determined figure on an annual basis. The lesser you drive; the lower are your chances of having an accident or a breakdown. So if you find carpools and public transportation to be a more feasible option than high premium rates, opt for the former.
- Good Credit History/Records – A positive credit history without blemishes of irregularities will help you convince the insurance firms into charging less each month.
If you manage to use the afore-mentioned information in the correct way, your chances of landing the ideal, inexpensive auto insurance quote will be far easier than you think!
Comparing prices and shopping for coverage has become easier with online portals like ‘Auto Insurance Quote’ as they offer quick and effective reviews of available auto insurance quotes and plans.