Insure Your Future

Insure Your Future

How To Lower Your Auto Insurance Rates for New and Used Cars and Save Money

by Sue Palmer

Whether you're new to driving, or you've been behind the wheel for years, you don't want to break the bank while maintaining adequate coverage for your automobile. By learning more about the different components of auto insurance, you can develop a personal strategy that's customized for your needs. The following information will help you do this.

Understand Coverage Options

The first step is understanding your coverage options and how they work together.

Auto insurance options include:

  • Liability coverage: This pays for damage you cause to other vehicles and property, as well as medical expenses for others who are injured in an accident that's your fault.
  • Collision coverage: This pays for damage caused by an accident or other types of collisions, such as a fence or tree. Some policies may also cover theft of your car or its contents if they're taken while the car is parked in a public place, such as at a shopping mall.
  • Comprehensive coverage: This pays for vandalism, fire, and other non-collision losses, such as theft of items from inside the car that isn't locked in it.
  • Uninsured motorist coverage: This pays for injuries sustained by you or passengers in your vehicle when hit by someone who doesn't have enough liability insurance or doesn't have any at all—whether or not that person was at fault.

Drive Safely

Insurance companies reward drivers who have a good driving record and who don't cause or get into accidents. If you drive safely, you'll be rewarded with lower premiums. But how exactly do you do that? Here are some ideas:

  • Don't speed: Speeding is one of the most common causes of accidents. If you are going over the speed limit, you are more likely to get into an accident. 
  • Don't drink and drive: If you drink alcohol and then get behind the wheel of your car, you put yourself and others at risk for serious injury. 
  • Drive defensively: You can never know what other drivers around you may be doing or how they might react to something that happens in traffic. Therefore, it's important to always be prepared for anything when driving in order to keep yourself safe on the road.

Consider a Usage-Based Insurance Program

Usage-based insurance programs monitor how often you drive your car and charge premiums accordingly. If you don't drive much, your rate will be lower than someone who drives more frequently. This can also help if you drive in areas that tend to have more accidents, such as congested cities during rush hour traffic.

Lowering your auto insurance is not as hard as you may think. Call an insurance company to find out the best solution to get auto insurance and lower your rates. 


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Insure Your Future

Purchasing insurance — the right insurance — is one of the smartest things you will ever do. While there are definitely differences between homeowners, car, life, and health insurance policies, they all serve the same purpose when it comes down to it. Insurance protects you against financial ruin should a tragedy happen in your life. In the case of homeowners insurance, that tragedy could be a fire or a flood. In the case of life insurance, that tragedy would be your death. The more you learn about insurance, the better the decisions you'll make when purchasing it. So dive into the articles here, and start reading.