How To Slash Your Car Insurance Costs Up To 54% In 10 Easy Steps - Part 1
In this article, we will share ten tips that can help you slash your car insurance costs. Car insurance rates vary greatly depending on the coverage and deductible options chosen by the purchaser. It is important to understand all of your choices before making a purchase. The following tips are just some of the many different ways to cut your rates without changing any coverage levels or increasing deductibles:
1) Shop around - New York law requires insurers to give you a form when they deny your claim. You should use this form and shop around for comparable replacement cost quotes from other insurers in New York with similar coverage levels and deductibles for that make/model/year of vehicle (NYS Insurance Law 6112). As a practical matter, shopping around requires you to contact other insurers. Do not assume that the insurer you have is your only option. Shopping for replacement cost coverage will give you an idea of how the different insurers treat losses and what respective rates are. Be sure that every insurance company that quotes you provides replacement value coverage. If not, shop elsewhere for a policy like this.
2) Go for the super-comprehensive options - Adding comprehensive and/or collision coverages to a vehicle may be more expensive in premiums, but it can save a ton of money in claims since comprehensive is claim-made and collision is occurrence based (often times with deductible waiver).
3) Buy a car with a warranty - If you buy a new car, ask the dealer to include a limited warranty. This will cover the repairs to your vehicle in case of theft or accidents in eligible models, not just when they're driven by you. These warranties are not included in finance agreements but can be bought as an add-on to the loan. It's highly recommended for luxury cars, and is especially useful if your vehicle is financed. The extended warranty may cost you $1,000 or more but it will likely save money in the long run (and even short run).
4) Consider purchasing gap insurance - Gap insurance covers the "gap" between what you owe on your car and what its worth. If you have financed your car, think about cancelling the loan and instead buying gap insurance. (Note: this option is only available to those with accident forgiveness policies) You will still need to pay for an insurance policy if you cancel your loan, but you will save on your premiums.
5) Buy a VIN number identification tag - Theft is common in New York City, so you should equip your car with a VIN number tag that will help protect it from theft. Here is a link to some helpful advice for this type of coverage.
6) Stay informed - Stay up to date by tracking changes in rates through http://www.insuremycar.com
7) Keep your car clean and well maintained - This will help you avoid unwanted claims.
8) Look into the law of New York - NYS insurance law requires insurers to give you a form when they deny your claim, and you should use this form to shop around for comparable replacement cost quotes. As a practical matter, shopping around requires contacting other insurers. Be sure that the insurer you are using offers replacement cost coverage, but don't forget that every policy is different: use comparison websites such as InsureMyCar.com to find the best rates for your coverage options.
9) Choose carefully - When you decide on a car insurance company, be sure you choose wisely. Think about the following: can you trust them if they are going to have to shell out lots of money for your claim? If they have denied any claims in the past, consider finding another insurer that does a better job.
10) Make sure your car insurance policy is up-to-date - In the event of an accident or theft, do you know exactly what your coverage will be? Consider calling your broker each year to ensure that all of your coverage levels are consistent with the year, make and model of vehicle. Also check whether or not you have adequate coverage if someone else drives your car. Call your broker for help in this matter.
This article is not intended to be a substitute for advice from an attorney. For specific legal advice, please contact a qualified lawyer in your area.
By the way: Do you know the five simple ways to slash your car insurance costs? Read what they are here! http://www.insuremycar.com/top5ways2cutyourcarinsurancecosts.html
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Title: How To Slash Your Car Insurance Costs Up To 54% In 10 Easy Steps - Part 2
Most of us have probably heard at one time or another that "one way to cut your auto insurance costs is to have a clean driving record"—and while this is true, it's not the full story. In this article, we will discuss how you can save hundreds of dollars on your car insurance after an accident without looking back. We will also cover the quickest thing you can do to cut down on your bills and what to do if you are in an accident and something needs fixed or repaired (such as glass replacement).
Remember, if you are involved in an accident, to always exchange contact information (regardless of fault) with the other driver(s) and remove any visible property damage. If you do not do this, your insurance company can deny coverage of the claim or will likely raise your rates because they consider what happened to be your fault.
1 - Tell The Truth To Your Insurance Company When You File A Claim
This is one of the easiest ways to save money on your auto insurance premiums: tell the truth when filing a claim. If you are involved in an accident and call your insurance company for help, don't lie about what happened.