Car Insurance Rates: Cost Cutting Factoids

It's now written into the law, and if you don't abide by it you can lose your license to drive

. That is that you must have proof of vehicle insurance in your car anytime you operate it on a public street or highway. So now this also means one thing if you do the math, and that is that even a minimal savings when added up over a lifetime of driving will amount to considerable amount of money. So it should be a top priority.

Here is something you may not know if you're under the legal drinking age. That is that if you're charged and convicted of "any alcohol-related offense" an auto insurance carrier will consider it when they're determining what type of the risk level you present. Now understand this perfectly clear here. That is any alcohol-related offense. No matter where you are. Whether you're driving or not, and that of course includes minor in possession.

Than you may be surprised by what a difference in cost the type of vehicle that you're insuring can make. It can be substantial in some cases. For instance high-performance vehicles, custom sports cars, and muscle cars are for sure going to cost more to ensure. Then another thing you may not know, is that any type of four-wheel-drive vehicle is also considered to be a higher risk by all insurance carriers. So four-wheel-drive does run up costs.

Then a great money-saving tip, is to consider taking a driver safety training course because most all insurance carriers offer some type of discount for passing one. It doesn't matter what age you are either but to keep one thing in mind before you sign up and handover the fee to the company that offers the course. That is that you want to make sure that any course you take is recognized by the company you plan on buying your insurance policy from.

Having a clean record with no tickets or moving violations will also for sure help to keep your insurance costs down. Moving violations like speeding tickets in particular really work to jack up to insurance costs, and they stay on your record for years. One thing you may want to do though, if you do get a ticket, is to go to court and challenge it because quite often the judge will reduce it down, if not dismiss it.

Than your last few tips here start out by advising you to comparison shop insurance carriers online before you sign on with any policy because you may be surprised at the difference in the rates they charge. Also only by the insurance coverage that you need, and nothing more. Then lastly when you do pay for your coverage, if you do it in one lump annual payment rather than monthly installments you can also reap further savings.

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by: Andrew Scherer

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