Easy Ways to Stop Letting Your Auto Insurance Company Get Away with the Dough
Are you sick and tired of working to pad someone else’s pockets? Ready to watch your own profit margin go up instead of constantly boosting the companies that are ripping off your paycheck? That’s the spirit! Everyone deserves to have their money working for them instead of the other way around, and a great place to start is to stop paying too much for your auto insurance!
Are you paying too much for your auto insurance coverage? According to recent studies, over 20% of drivers are shelling out too much of their paycheck each month for the privilege of being insured. If they knew who to talk to, where to go and what questions to ask, that money could be back in their pocket instead of padding someone else’s! And really, don’t you have better things to do with your money than throw it away?
First and foremost, let’s talk about your driving history. Most people don’t realize it, but their driving record is the numero uno thing standing between them and phenomenal, awe inspiring auto insurance rates. See, insurance companies are all about playing it safe. A company that pays out more in claims each year than they bring in isn’t going to hang around very long! So, by default, if there’s any chance, any chance at all that you could be a high risk customer they’re going to slap you with the label and ask questions later.
If you can keep your nose clean for at least five years, follow the rules of the road to the letter and resist the urge to “go with the flow” the next time you’re out on the Interstate (the fast track-no pun intended-to picking up a ticket for reckless endangerment) you could stick $120 or more each year back into your budget.
Next, what kind of car are you driving? Antiques, sports cars, SUVs and anything with a sticker price over $20,000 is going to cost more to insure-a LOT more. Why? Because they cost more to replace and they’re more likely to be in an accident. (If your antique car stays parked in your garage until the summer shows roll around, stop reading here. This doesn’t apply to you!)
Check out the Insurance Institute for Highway Safety and see what they say the safest cars in America are. Then pick one up. You might feel the sting of saying goodbye to all that power, but your checkbook will thank you in the end.
Finally, let’s talk safety. Do you know how much hospitals are charging to treat passengers and other drivers after a car accident? Here’s a hint: A single day in the ICU can cost car insurance companies $5,000. One day. Per person. Now imagine the bills if you have three or four other people involved! Seat belts, anti-lock brakes and air bags will go a long way toward eliminating the risks of taking your car out on the highway and letting you stick your money back in your pocket where it belongs.
Mike McDonough is a National Account Representative for QuoteScout.com, where they’re specializing in helping people get the best deal on their home and auto insurance rates. For more information, visit them on the web at http://www.QuoteScout.com.
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