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How To Save On Your Auto Insurance

By Tom McKnight

Let your fingers do the walking… Remember that Yellow Pages Ad Campaign? Excellent advice if you’re shopping for auto insurance. Shop around and do it yearly. Don’t just keep paying the invoice over and over without comparison shopping. Below are a few suggestions to help you get the best deal available on your automobile insurance policy.

Insurance agents really have a lot of leeway. They can price match and they can offer many discounts. There are also many decisions you can make about your policy that will save you a bundle. For example, if you change your deductible on your collision from a $50 deductible to a $1000 deductible, you’re inline for a huge premium savings. If you don’t think you could come up with $1000 out of pocket, then change it to a $500 deductible; you’ll still save a sizable amount on your annual premium payment.

You can also get more of a savings if you change your comprehensive deductible. Many people needlessly carry full coverage on their older vehicle. They originally purchased the vehicle new, paid for full coverage and to this day, continue to pay the same high rate. Their ten year old vehicle may be worth $1000 or less, yet they continue to pay $250-$450 every six months (total $500 to $900 dollars a year) to keep full coverage on their old vehicle.

However, if they have an accident and totaled their vehicle, the insurance company will only pay them the wholesale value of the vehicle. The amount they would receive could be $1000 or less. A vehicle that old just needs the insurance that protects the other person in case of an accident.

Another method to save more on your insurance is by combining your vehicles and other insurance together to get you additional savings. All insurance companies offer a multi-car discount (if yours doesn’t, it’s time to switch companies). Further, many will discount more if you have your homeowners or renters policy with them.

There are a few other discounts that you may not be taking advantage of. It seems obvious, but make sure you are getting the correct rate for your age. There are discounts for various ages than can save you lots of money. Check with your agent on this one. Also alarm systems on your vehicle are usually good for a discount. Additionally, anti-lock brakes and air bags can also help lower your premiums.

Don’t just keep paying the invoice when it comes in. Your insurance bill should be an automatic trigger for you to make a few phone calls to see if you can save even more money on your auto insurance premiums.

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Dh10m Shariah-compliant car leasing firm launched by DIB (Zawya)
31 August 2008 Dubai Islamic Bank (DIB) Dubai Islamic Bank (DIB) yesterday launched a Shariah-compliant car leasing company in a move to increase its foothold in the automobile financing market.

Dh10m Shariah-compliant car leasing firm launched by DIB (Zawya)
31 August 2008 Dubai Islamic Bank (DIB) yesterday launched a Shariah-compliant car leasing company in a move to increase its foothold in the automobile financing market.

Top Scoops (Scoop.co.nz)
Los Angeles Times - This month, Ecuador will hold the world's first constitutional referendum in which voters will decide, among many other reforms, whether to endow nature with certain unalienable rights. Not only would the new constitution give ...

MAJOR EXPANSION (Gulf Daily News)
MANAMA: BBK, one of the largest retail banks in Bahrain, is pushing ahead with a major expansion strategy that will see it expand overseas, launch its own Islamic bank and move into equity investment.The bank is undergoing a strategic transformation, reflecting the change in its shareholder-base earlier this year.

Readers write on Hamilton, Armstrong and the Summer of Rage (Velo News)
Do you want to contribute to Mailbag, a regular feature of VeloNews.com? Here's how: Keep it short. And remember that we reserve the right to edit for grammar, length and clarity. Include your full name, hometown and state or nation. Send it to webletters@insideinc.com. Green is in the eye ... Editor, I don't mean to imply that you may have fallen victim to Chinese propaganda (or bigger ...

The fifth generation game (Zawya)
July 2008 Adel Fakhro represents the fourth generation of a business that was started by his great grandfather in 1888 in Bahrain.

Phase one sellout (San Diego Daily Transcript via Yahoo! News)
Homebuilder Brookfield Homes (NYSE: BHS) reports it is continuing construction on the first three phases at the luxury new-home neighborhood Serenity, where four homes in the first phase closed escrow last week.

08-28-08 EUR ALL ON ONE PAGE (Eurweb)
SUGE KNIGHT JAILED FOR DOMESTIC VIOLENCE: Cops show up to find ex-mogul standing over girlfriend with knife. *Las Vegas police said they caught Marion "Suge" Knight in the act of assaulting his girlfriend Wednesday morning and promptly threw him in jail.

G4S Profit Rises 21% After Expansion in Middle East (Update3) (Bloomberg.com)
Aug. 27 (Bloomberg) -- G4S Plc , the world's largest security company by market value, said first-half profit rose 21 percent after expanding in the Middle East and Asia and integrating purchases.

ASD Fights to Re-Open Business UPDATE (WCTV Tallahassee)
Quincy internet advertising company Ad Surf Daily has filed a motion to re-open its doors.


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