3 signs you're overpaying for auto insurance
(ARA) - These days everyone is looking for ways to cut costs. Have you checked your auto insurance statement yet to see if you can shave a few dollars - or maybe even a few hundred dollars - off it?
Here are 3 tips from
QuoteWizard.com to see if you're being overcharged for your auto insurance:
- Your driving record is improving, but your auto insurance rates aren't.
Many states use a point system to indicate how good of a driver you are. The more points you accumulate from traffic tickets and accidents, the higher your insurance costs. But those points aren't permanently on your record. If you improve your driving habits and don't add any points to your record for roughly 3 years, your points should go down. This means your insurance prices should also decrease.
If you don't have a good driving record, you may still be able to reduce your costs by attending a defensive driving course.
- Extra fees for nothing.
You've analyzed your bill and discovered that because you pay monthly, you're getting charged an extra $3 per payment. Or, after adding a new car to your policy, you find a $15 convenience charge. These fees can add up, and you're not getting any services for your money. A good insurance company won't charge you fees for services that are considered complementary in many other businesses.
- You're paying more than everyone else.
The average price for auto insurance for 1 vehicle in the United States was $817 in 2006, the most recent statistic reported by the Insurance Information Institute. If you purchase your auto insurance with your home or renters insurance, your overall price will be lower. Over the past few years, prices have been declining. If you've noticed your rates going up - and not because you've been in accidents or receiving traffic tickets - it's time to reevaluate your policy.
If you are paying extra money for your auto insurance for any of the above reasons, you're still paying too much. Put your auto insurance company to the test by comparing it with other providers.
QuoteWizard.com allows you to compare the prices of the top auto insurance companies in a matter of minutes. One online form lets you compare rates without calling several companies, waiting on hold or filling out multiple forms.
Request free auto insurance quotes from
QuoteWizard.com today. The average savings for customers is $487, and it takes less than 5 minutes to complete the form.
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