7 Smart Tips You Can Do To Keep The Cost Of Your Auto Insurance Down

Depending on the car that you buy, your insurance cost may be a little too expensive for you. You cannot avoid it, though. You still need to pay the auto insurance cost to ensure that you can cover the bigger cost when unexpected things happen, such as accident and theft.

The only thing that you can do is to keep the cost of your auto insurance down, without reducing the quality of your insurance. Here are 7 smart tips you can do to keep the cost of your auto insurance down:

1. Research Your Auto Insurance Cost

This is the first step that you have to do. You cannot just accept any offer from an insurance company without thinking twice. Remember that insurance companies are competing with each other, and they will always try to give you the best rates, just to prevent you from going to another insurance company. So, when an insurance company offers you a good insurance plan for your automobile, check the rates offered by other companies first before deciding to take the premiums. Most likely, you will find a better deal out there.

2. Use The Same Insurance Company You Already Use

For instance, you own a home, and you have already taken the premiums for it from a good insurance company. Then, the same company has an auto insurance plan for their clients. It is better for you to take the offer from the same insurance company that you already use. Why? That’s because they will usually give discounts for long-term clients. Since you already take a home insurance plan with them, they will likely give you some discounts if you decide to take an auto insurance plan with them as well. If not, just try to negotiate, because most of the time, they will be willing to give a special offer for you.

3. Keep A Good Driving Record

In order for you to get the lowest possible cost for your auto insurance plan, you have to show the insurance company that you are a safe driver. In this way, you will not pose as a high-risk client for your auto insurance company, and thus, you will get more discounts from them. So, it is important for you to keep a good driving record, since it will prove to the auto insurance company that you are a safe driver, with very little risk of accident. The smaller the risk of accident, the smaller your insurance premium cost will be.

4. Keep Your Car Safe

It is also important for you to keep your car safe, because most of the time, insurance companies will cover the cost of your car when it is stolen. So, you don’t want to pose your car as a high-risk premium for your insurance company. This will also depend on the make and model of your car, since the more expensive the car, the more cost for you to pay the premium for it. You need to keep your car safe by installing alarm or anti-theft system for your car. In this way, you will pose a lower risk for your insurance company, and thus, you will get a lower premium cost.

5. Try To Get Discounts For Your Auto Insurance

If it is possible for you to get a big discount for your insurance premiums, then by all means take the offer. There are always a lot of discounts offered by many auto insurance companies around you, since they are competing with each others to win the heart of their clients. So, always take a look of the possible discount that you can get, especially as a first-time client. You can research various insurance companies online, and compare their prices before you start your premiums.

6. Keep Your Insurance Information Up To Date

It is important for you to keep the information that you have on file up to date. You don’t want your auto insurance company to keep your old information, since it will make it difficult for you when you need to claim your auto insurance later. It will also reduce your insurance cost significantly if you are eligible for it. For instance, the premium costs for clients that live in the big city will be different from those that live in a small town. So, if you happen to move from a big city to a small town, be sure to update your information right away. Chances are you are eligible for a discount for your premium costs.

7. Factor The Cost Of Auto Insurance In Your Car Ownership Cost

Before buying any car, you have to remember that the cost of the car is not all that you have to pay for it. You also need to include the cost of auto insurance, since it will be inevitably included with the cost of your car purchase sooner or later. So, before buying a car, calculate the total cost that you have to pay by factoring the cost of auto insurance in your purchase. Thus, you will not become shocked when it is time for you to pay the monthly premium costs of your auto insurance.

So, those are the smart tips that you can do to keep the cost of your car insurance down. It is important in this day and age to be a smart customer since there are many available car insurance deals out there.

For instance, you can check Good to go auto insurance for more information about the best auto insurance plan that you can take. Goo2go offers you a comprehensive information regarding the best premium costs that can beat the price of any other insurance companies.

Also, Good to go insurance can help to educate you with various information related to car insurance and other insurance plans in general. In this way, you can protect your life well with the insurance plans that are suited to your needs.

Article Source: http://EzineArticles.com/expert/Mike_Heuer/1602145

 

Why Would I Need Auto Insurance Specialists?

If you do not understand the way that auto insurance works, you really need to deal with auto insurance specialists. These are the agents that work for the insurance companies and they can answer any questions you might have. You don’t have to get the auto insurance policy through the company because a quote and information is free. When you need to find out how the automobile insurance industry works, your best source of information is from auto insurance specialists.

If you have classic, vintage autos, you really do need to have them insured, even if you don’t drive them. Think about all the money you would lose if one of these cars were stolen. The Classic Auto Insurance Company has the auto insurance specialists you need to get the right policy for your classic cars.

Many of the auto insurance programs for classic automobiles have a range of limitations and age restrictions when it comes to getting auto insurance. The auto insurance specialists at Classic Auto Insurance will set you up with the right package for your needs. For example, depending on how much your drive your classic auto, you can have an insurance policy for 1000, 3000, or 5000 miles per year. You also get a lower rate for uninsured motorists that might be at fault in an accident where your vintage auto sustains damage.

With Classic Auto Insurance, the auto insurance specialists will advise you if any limitations apply to your policy. You definitely have to be over 26 years of age in order to get this type of insurance, but you can drive the car for pleasure. Plus if you are part of a Classic Club for collectible autos, you also qualify for a discount.

If you should get in an accident, the amount of money that you receive if the car cannot be repaired, the amount you receive as a cash settlement will be stated in the policy. Auto insurance specialists do require that you have papers with the appraised value of the car when you get the insurance and this should coincide with the book value of the car. Classic auto insurance will do everything it can to help you get the auto insurance you need. It may hurt your wallet but not as much as it would hurt if you had to pay medical expenses for someone that you hurt.

Consult auto insurance specialists if you have particular auto insurance needs.

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Article Source: http://EzineArticles.com/expert/Peter_Crump/5124

 

Choosing the Right Auto Loan Online

Buying a new car or a used car need not give you headaches anymore. Getting auto loans has become easy; you can now choose from online auto loan lending networks or get an auto loan from your car dealer. And there are many auto loan options available to choose from.

The competition to provide auto loans has boiled down to better, and faster, deals for car loan borrowers. So if you apply for an auto loan today you can probably drive home in your dream machine by the evening!

Choosing the correct auto loan requires some homework on your part – you should be willing to do some research. Not that it is difficult; you can easily do it on the Internet.

First and foremost, you need to evaluate your credit status. You need to ascertain how much of a car loan you can afford. This is important before deciding on to the car to buy. Auto loans require monthly payments, so it should be an amount that fits into your monthly budget. Many auto loan sites have auto loan calculators which can give an idea as to how much your auto loan is going to cost you each month. Once you have worked this out, you can get ready to apply for your auto loan.

Again, the Internet is a great help here. There are thousands of auto loan sites where you can apply for an auto loan online. Completing those forms is usually a breeze: just fill in a few fields and click on the ‘Submit’ button!

Generally the online lenders offer interest rates 1-2 per cent lower than that offered by the auto dealers. That money saved can be used to bear the other costs associated with buying your car.

Online auto loan forms ask for your basic banking details, your job status, and residence proof. Online applications are processed immediately by lenders in the network near to your place of residence. Approvals usually take less than an hour, and more important, on most sites this is a free service. Better still, an approval does not put any obligations on you about taking a loan from that lender.

If you have a clean credit status and a co-signer, then consider your loan semi-approved! The good thing about auto loans is that you can get one even if you have a less than perfect credit history. Most auto loan lenders offer bad credit auto loans. However, some lenders may charge you higher interest rates and a larger down payment because of your bad credit status. Some lenders also restrict the choice of cars models if you have a bad credit status.

Once the loan is approved, you will get loan offers from the lenders and you can choose the loan that you want.

The main criteria for choosing an auto loan should be the rate of interest and the loan period. The loan period for an auto loan is usually three to five years. You can ask for a longer period on your auto loan, say, seven years. But it is always better to repay the loan within a shorter period; that will put a lower interest burden on you. You must also find out from the lender if they allow faster repayment of auto loans without penalty charges. If they do, you can opt to repay the loans faster a few months later (depending on your income) and save on the loan charges.

Auto loans are available for new and used cars. Usually, the loan charges on used car loans are higher than that for new car loans. Research the various auto loan options available and always read the fine print of the loan agreement before you decide on your auto loan.

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Article Source: http://EzineArticles.com/expert/Lal_Krishna/46033

 

Why Does My Auto Loan Hate Me? I Thought We Were Friends!

Most of us fall in love with a car at a dealership and that’s the end of the story. Hey, where do I sign? Even if we do a great job of chipping away at the sticker price and feel pretty darn good about ourselves, we often get burned on the financing end of things. This is especially the case for people trying to score an auto loan with some bad marks on their credit report. Many times, these people are so surprised to hear that their auto loan has been approved that they sign on the dotted line before the dealer has a chance to change his mind! Only later do they realize just how poor they will be for the next 5 years because of the interest rate on that auto loan.

What are my financing options?

See, now you’re thinking! Impatience will cost you in the auto loan game – every single time. Potential auto loan sources include: a traditional bank, a credit union, financing through the dealership, and the newest darling on the scene – online auto loans.

OK, so what is the best option?

Well now, this all depends. How does your credit history look? If you have a mortgage and checking account with a traditional bank, then they will probably give you a great rate on your auto loan. The dealership will often find an auto loan for people with a poor credit history – but the cost of driving that car off the lot could eventually lead to even worse credit, when they have the car repossessed because they can’t afford the payments. The best place to shop around for the best rates on an auto loan is definitely online.

Uggh! I hate that stupid Internet! It takes me forever to find what I am looking for!

Oh come now – how long can it take to type “auto loan” into Google? If you don’t care about possibly paying thousands of dollars more in interest by letting the dealership “help you out” with financing, then by all means go that route. But, for people that want the best rate possible on their auto loan, the Internet is the place to start the search.

But how do I know that I can trust those Internet people with my financial info?

Very good point – and that is definitely something to consider. To begin with, many traditional banks offer online auto loan applications as a service to their customers, which also saves the bank processing costs. You can apply for Chase Manhattan auto loans online or down at one of their branches. In many cases you will find that banks offer these online loans at a smaller APR than you can get by actually going down to a branch. Chase Manhattan auto loans is one example of this, but many financial institutions offer their online customers a better rate.

Now why would they do that?

Not too trusting, are you? Hey, that is a great trait to have when shopping for auto loans – don’t forget it! What you are looking for is the catch, and here it is: In most cases, you will get a lower rate on your online auto loan because you will be required to sign up for automatic electronic payments. Plus, seeing a loan officer at the branch takes up the time of employees, and uses other resources that aren’t needed when you submit your application online. But remember, not all institutions offer lower rates like Chase Manhattan auto loans. And even Chase requires you to sign up for automated payments in order to get a break on the rate.

And what else should I know?

At the very least, shop around for rates on auto loans using the Internet before talking with the traditional institutions, such as bank branches or dealerships. Just knowing what kind of interest rate you can get on an auto loan can help you when you are down at the dealership drooling over that hot new car! Remember, knowledge is power – so don’t just walk into a dealership without knowing what kind of interest rate you can expect for an auto loan.

Albert Medinas has developed and maintains the website Auto Loans Plus [http://www.autoloansplus.net], which answers the most common questions people have about Auto Loans. Please visit us at [http://www.autoloansplus.net] today.

 

Used Auto Warranty Warning: Beware Dealer-Issued Extended Auto Warranty Coverage

Buying a used car? You need an extended auto warranty to protect you from expensive surprises down the road. But be careful when your dealer tries to sell you used auto extended warranty coverage. Usually, the dealer is simply reselling used auto warranties issued by a used auto warranty company, with a markup of up to $1000. You could just as easily have bought the extended warranty directly from the auto warranty company.

But overpaying for a third-party used car extended auto warranty is certainly not the worst used auto warranty deal you can get. The worst auto extended warranty deal is to buy one that isn’t issued by a third party at all.

Dealer-Issued Extended Auto Warranties Explained

Yes, some dealers actually sell extended auto warranties they’ve created themselves. These dealer-issued auto warranties typically only allow you to get service at the dealership. They either don’t cover repairs done anywhere else at all, or they only cover emergency repairs for breakdowns.

Often, a dealer-issued used auto extended warranty even restricts you to getting maintenance at the dealership only. With a captive clientele, the dealerships often charge much more than local mechanics.

There are some other big problems with a dealer-issued used auto extended warranty:

  • What happens if you move far away? Answer: you’d have to buy another auto warranty.
  • What if you’re driving somewhere far away when your car breaks down? Answer: if the used auto warranty doesn’t cover reimbursements for emergency service, you’re in trouble. Even if it does cover reimbursements, you’d better hope your credit card or checking account can handle the damage in the meantime.
  • What if the dealership goes bankrupt? Answer: get in line behind the banks, the car manufacturer, the dealership’s vendors, and everyone else trying to get money out of the business.
  • What if you just aren’t satisfied with the dealer’s work? Answer: complain very, very nicely. You can’t take your business elsewhere unless you’re willing to pay for it.

If you comparison shopped the dealer-issued extended auto warranty, you’d realize it wasn’t worth it. But most people never do a used auto extended warranties comparison. There is simply so much ignorance about auto warranties. Your best hope is to learn more.Dealer-Issued Used Auto Warranties: Why Does Anyone Buy Them?

  • Most often, the buyer simply never thought about an extended auto warranty before going to the dealership. When the salesperson explains how important extended auto warranty coverage is, the buyer just thanks him for the tip and buys it.
  • The buyer doesn’t realize how expensive the warranty is. Of course, car repairs can potentially be so expensive that even an overpriced dealer-issued warranty can pay for itself several times over. Meanwhile, next to a $15,000 car, even an overpriced $2500 dealer-issued warranty seems cheap. But if you’re going to buy a warranty, why not buy a really good one?
  • Many buyers mistake dealer-issued warranties for manufacturers’ warranties. In some cases, the salesperson may even try to let you think the warranty will cover repairs at any of the dealerships affiliated with that manufacturer (say, any Chrysler or Mitsubishi dealership). Of course, such warranties do exist, but they’re more common for new cars than used cars.

In short, if a used car dealer ever tries to sell you an extended auto warranty, make sure to ask flat out: will this warranty cover repairs done anywhere, or just this dealership? Double-check the warranty itself to make sure it has a third-party company’s name on it, not the dealership’s.Better yet, why not just buy the extended warranty directly from the warranty company rather than pay the dealer hundreds of dollars of markup on it? That way, you can also research the warranty thoroughly, without pressure.

In fact, you should start investigating extended auto warranties even before you go to the dealership. You’ll certainly like the salesperson’s face when you tell him you know what the original warranty company charges for the warranty they’re trying to sell you. You’ll also know in advance how much total the car purchase really will cost you.

Don’t wait. Start looking at extended auto warranties now, before the dealerships’ salespeople ever have a chance to breathe down your neck.

Joel Walsh, a freelance automotive writer recommends Auto Service Warranty, Inc. where you can get a used auto warranty quote online in seconds: http://www.AutoServiceWarranty.com/

Article Source: http://EzineArticles.com/expert/Joel_Walsh/6972