8 Tips to Save Money on Car Insurance

Since car insurance is costly, most consumers don’t want to use it. Buying the right coverage is important, but it costs more to get a new car insured. Give below are a few tips that can help you save money on your car insurance. Read on.

Annual Rate

You can check out some websites to compare different insurers online. While you can’t get a quote immediately, you will get a reply soon from the agents of the company. You may want to consider making a relationship with a good independent agent. They will help you check rates of tons of carriers.

Pick a Good Insurer

Saving money is not about looking for the lowest premium. Actually, some providers offer lower rates of premium. However, they end up charging you more at the end. As a result, you pay more for replacing the parts of the original equipment. In some cases, the provider may increase your premiums post an accident.

The Deductible

With a higher deductible, you will have to pay lower premiums. The reason is that you will be paying more in case of a claim. For instance, if you increase your deductible to, say, $500 from $200, you can cut down on your premium by 15 to 30%. So, if you choose $1,000, you will be able to save as much as 40%.

Review Your Coverage

Liability coverage will pay for your property damage and bodily injury in an accident. It’s not a good idea to reduce your liability to the minimums set by the state. While buying more coverage can seem a strange way of saving a lot, you can enjoy this benefit only if you have a big, expensive claim. As a result, your life savings are at risk. What you need to do is consider your personal injury medical payments and protection coverage.

Use the Discounts

Keep in mind that car insurance providers offer discounts based on the fact that the client has a low-risk lifestyle, such as students, new drivers, experienced drivers and affinity members, just to name a few.

Multiple-Policy Holders

Some providers offer hefty discounts provided you buy your renters, homeowners or life-insurance policy as well. However, make sure that you consider total costs of single-insurer packages and premiums of various providers.

Good Credit Score

Some states let insurance providers use your credit rating to set your premiums. What you need to do is check and fix errors on your credit report. If your rating has been affected by job loss, divorce or any other reason, you may ask your provider for an exception.

Choose Your Car Carefully

For auto insurers, vehicle damage may cost a lot. Therefore, the premiums are set based on the auto model. You may want to ask your provider for estimates on different car models.

So, we suggest that you check out these 8 tips if you are going to buy car insurance and want to save some cash with the purchase. Hopefully, you will be able to save a lot of money.

Buy Aftermarket Auto Parts Online and Save!

The internet has proven itself over and over again to be a great source for comparative shoppers looking to save money. The newest internet opportunity to saving your valuable dollars is on costly truck and car repairs. Auto repair savings has historically been limited to the Do it Yourselfer or the backyard mechanic – ultimately the savings came in the form of labor. Thankfully, those days are over, as more individuals are utilizing the internet to source and purchase the auto parts they need online and then bringing them to a local garage or backyard mechanic have them installed. The internet provides bumper to bumper coverage of virtually any and all truck and car parts and can offer significant savings over the local auto parts store. I have heard of savings of over 70% on some aftermarket parts. If you take the old standard calculation of car repair costs into consideration (50% parts + 50% labor) the overall savings could be as high as 35%.

Let’s take a typical 4 wheel brake job as an example. The vehicle I used was a 2001 Chevy Cavalier – 2.4 litre engine with front disc brakes and rear drums. I made a few calls to local auto parts stores (I purposely avoided dealerships and OEM parts to generate a better price comparison). I did not include calipers.

I was able to source front semi-metallic brake pads, front rotors, rear brake drums, rear brake shoes and new brake hardware online for $101.40 which included shipping and any and all applicable taxes – delivered to my door! The same brake parts (I specifically did not select any parts they classified as “Premium” level parts) from a local auto parts store came in at $345.47. To be honest I was a little shocked by the fact that I could save over 70% on aftermarket brake parts. I thought a 70% savings would be specific to parts that were normally “dealer” specific.

Couple of other things to take into consideration, I have heard that garages are starting to charge a higher hourly rate if you bring in your own parts, a corking fee if you will. Not unusual as they typically mark up auto parts that they purchase for you by at least 20%. The overall extra cost to you however is minimal as they usually receive a garage discount from the auto part store.

Another important consideration is to make sure you purchase the right auto parts online – determining with 100% accuracy which auto part fits your vehicle can be very difficult. Most online stores offer toll free numbers and friendly knowledgeable staff that will cross reference your vehicle to ensure you get the right parts. You don’t want to end up with parts you can’t use and have to potentially ship back at your expense (some online stores also charge a re-stocking fee). Another option is to contact a dealer to confirm the part numbers you need before you go online to purchase. Dealerships can use your VIN # and provide another level of accuracy when it comes to identifying the right part for the right vehicle.

Bottom-line, there are significant savings available online for auto parts. The days when the only way to save money on auto repairs was to do it yourself or hire the local backyard mechanic are gone.