1. Compare Prices - this could be the best way to
lower premiums. Some insurers charge up to 50%
more than others do. Insurers do not advertise
prices, so it does require some work to find a plan
that is low cost. No single company always has the
best rates. Each prices differently in different places,
for different types of insureds. If one finds a
company that is substantially cheaper, evaluate the
cost savings. Long-term policy�holders
sometimes get special treatment. If one does switch,
do not let the old policy run out until the new one is
in force.
carsurance.com.sg

2. Find out if the state has an Auto-insur�ance Buyer's Guide - Some
con�sumer- minded insurance commission�ers publish price guides
showing various Auto Insur�ance charges This is a true public service
To see if the state has a buyer's guide, call the insur�ance
commissioner's office in the state Do not buy Collision and
Compre�hensive Coverage from the lender who finances the car, or
any insurer he/s�he recom�mends - historically, this will be high
cost insurance Buy a car that is inexpensive to repair - any qualified
insurance agent can tell which cars are money-eaters and which are not
By this measure, a Ford Escort might cost $400 less to insure than a
Cadillac Eldorado

3. Raise the deductible on Collision Insurance from $250 to $500 � You
pay less for the policy if you are willing to incur the smaller bills Drop
Collision Insurance on an older car - Some folks are paying more for
coverage than the car is worth Remember that if an insured gets into an
accident, the insurer will not pay any more than the car's Fair Market
Value The value is generally cal�culated as if the car were in "mint"
condi�tion, minus the cost of making repairs, minus a charge for
unusually high mileage Earn a discount by insuring all cars with the
same company and by buying Home�owner's/tenant's Insurance there
too One role of thumb: shop first forthe cheapest insurer

4. Even with a discount, high priced policies are no bargain More
Discounts - There may be additional discounts for young drivers who take
driver education, teetotalers, non-smokers, graduates of
defensive-driving courses, senior citizens, students with good grades,
families whose teen�ager drivers go carsurance.com.sg to school
more than 100 miles away, cars parked in a garage or off the street, low
mileage car drivers who car pool, cars with air-bags or seat belts that
wrap around individuals auto�matically, cars with four-wheel,
anti-lo�ck braking sys�tems and cars with anti-th�eft devices
Describe exactly how the car is used - a car driven for pleasure costs less
to insure than a car used for everyday commuting Pay the premium
annually - it costs more to pay in monthly or quar�terly installments
Share the car with the teenager in the family - When teens have there
owns cars, or drive the family car more than half of the time, they are
principal drivers and cost more to insure

5. They cost less when they are occasional drivers using the fam�ily car
less than half the time Be sure to name the teenager as an occasional
operator of the least expensive car If they do own their own car, it would
be best to co�ver them under the family policy; other�wise, they will
most likely go into the very costly State High-�Risk Pool Drive safely -
Rates will go up if the re�cord shows conviction for drunken driving,
chargeable accidents (meaning they are at least partly the insured's
fault), or several speeding tickets Reform - If an insured has had a bad
driving record and lands in a High-Risk Pool and is tagged at a higher
rate by the insur�ance company, he/she should work keeping their
records squeaky clean

6. Make all valid claims - Drivers often do not make small claims on their
insurance companies for fear of driving up their insurance rates but the
claim might not affect the rate Example: an insured is not normally held
responsible for certain ty pse of Physi�cal Damage, a windshield
broken by flying gravel, accidents caused by ani�mals, accidents not
the insure�d�s fault, and claims below a certain limit, $300 or $600,
even if insured is at fault Move - Low insurance rates give an in�sured
yet one more reason to avoid big crowded cities It is possible to save
$1,000 or more by living in a small city, a suburb or the country Be aware
- A young single person away at college should know if a roo�mmate
has had tickets or acci�dents

7. By lending the car to this type of individu�al, insur�ance rates could
be affected Get Married - married males under 30 pay the same
premiums as older drivers Older people Discount - If an insured is 50 or
older and takes a De�fensive-Driv�ing Course approved by the
State Motor Vehicle Department, a discount of 5-15% could be realized
upon completion Travelers - If an insured's policy covers Collision, it
would be best to reject the costly Collision-Damage Waiv�er when
renting a car Little usage - If an individual does not own a car but rents a
vehicle often, con�sider a Non-Owner Liability Policy for $200-$300 a
year

8. Extended Trips - If an insured is away for a long time without the car,
drop the Collision and Liability for that period Insurance Company Track
Record - Price and coverage are not the only con�siderations when it
comes to purcha�sing Auto Insurance Individuals should also check
the reputation and soundness of the insurance company itself before
pur�chasing a policy The best way to ac�complish this is to call the
State In�surance Commissioner and ask about the financial status and
claims paying history of the company

9. carsurance.com.sg