Car Insurance renewal time – It’s probably everyone’s least favorite time of the year. Now, if you’re lucky enough not have an increase within your policy, congratulations! But, if your one of the thousands of carholders who received a rise in your policy in 2010, this worthwhile article on auto insurance is for you.
Car Insurance rates are saved to the rise:
For your second quarter consecutively, the average lowest car insurance quote continues to be higher than in the same 3-month period last year. Near the end of every fiscal quarter kanetix.ca, an online insurance marketplace, talks about some of the data from people searching for car insurance. This particular study looked over the lowest premiums quoted through the months of October, November and December and calculated a typical, which they then when compared to the same time frame for the year earlier.
The research indicated a 5.3% increase year-over-year. Whereas last quarters study suggested merely a 1.5% rise in car insurance premiums. There is a way to fight however, and following these useful tips may help you to reduce your car insurance premiums.
Top five suggestions to fight increasing cost of motor insurance:
Ignore the myths surrounding motor insurance premiums.
Contrary to everyday opinion; car insurance premiums across insurance companies aren’t exactly the same! Consider this: what you really are paying now with your current insurer might be hundreds more, or hundreds less with another company. In actual fact, it could be said that there are no two car insurance policies exactly alike.
Shop around for quotes
Work with a service that does the shopping for you! Let Kanetix.ca do all the hard and boring meet your needs. Simply input your information once, and receive multiple quotes from competing insurers. This really is one of the most efficient approaches to see if you are able to lower your car insurance rate.
Never buy quotes
When you shop around for motor insurance you should never pay to obtain your quotes, whether you’re researching online, or offline. Services like kanetix.cawhich offer online insurance comparisons will never charge you or add hidden fees for the quotes you receive.
When you shop, compare oranges to oranges!
Stay consistent when you are comparing motor insurance rates; always are the same deductibles, coverages for instance collision and comprehensive, and limitations so you’re comparing similar rates. The majority of comparison sites will automatically calculate these for you personally. Nevertheless, remember this if you plan to accomplish your research offline.
Not just should “bad drivers” check around but everyone ought to!
Many drivers believe the only reason to search around for car insurance, is if there is a bad driving background need to find someone to insure you. This can be a costly error on their part, because all drivers interested in saving money (good drivers or bad), should all shop around to make sure that they are receiving the coverage at the best price.