Get The Benefits Of Good Value Auto Insurance.

Posted by Nick Niesen on October 29th, 2010

Tip 1: - Try and increase your 'excess' or 'deductibles'. The excess is normally the amount you pay for a claim before your insurance makes the contribution. Since most of us do not claim all deductions due to insurance premium escalation, it is wiser to keep the deductible at the lowest, most comfortable level. For example, if you increase your collision deductible from say £200 to £500, you will end up saving 15% to 30% on your annual auto insurance premium.

Tip 2: - While filling out your auto insurance application, always drop the collision coverage. Collision coverage covers the cost of repairing damage done to your car regardless of who was at fault. In the event that you drive an older car, always consider dropping collision coverage if your premium works out to more than 10% of the car's value.

Tip 3: - There are certain special discounts available on auto insurance, especially if you have a security alarm, anti-lock brakes or air bags installed in your car. Avail of them, by informing the insurance company that your car has these features.

Tip 4: - Avail of any 'good driver' discounts on your auto insurance premiums if you have been a good driver and been accident and ticket free for the past few years.

Tip 5: - Never opt for an auto insurance company that has a bad record in paying out claims. Although they can afford to offer lower premiums, your money is going down the drain, if you cannot claim when you need the coverage the most.

A reputable and financially stable insurance carrier will make sure your claim is handled quickly and that your claim is paid on time. Check out the reputations of your carrier at www.ambest.com. The site will also help you check on the financial strength of your company. Don't forget to ask your agent about the stability of the company before placing your coverage.