Motor Insurance And Multiple Cars: Tips To Save Money
http://www.moneynfinances.com/articles/1329/1/Motor-Insurance-And-Multiple-Cars-Tips-To-Save-Money/Page1.html
Brian Hickie
Quoteme.ie is Irelands leading specialist broker dedicated to providing their clients with home owners insurance online. To find out more about www.quoteme.ie then check out our cheap home insuranceonline. By Brian Hickie
Published on 04/13/2008
How many cars are there in your family If you have kids who are now old enough to drive, you probably have at least two or three cars sitting in your driveway
How many cars are there in your family? If you have kids who are now old enough to drive, you probably have at least two or three cars sitting in your driveway. Adding up the amount that you pay for motor insurance every month, you are probably astounded by how much money you are actually paying for insurance.
If you are paying too much your family’s motor insurance, you may want to pound the pavement and get a couple of motor insurance quotes to see if you can find any discounts. What you might find is that if you insure more than one car with an insurance company, you are going to get a savings on each additional car. This can save you up to 30% of the price of the original insurance for each extra car you have.
Another thing that you might want to investigate is whether or not you should find a cheap motor insurance policy for your teenage drivers and keep them on a separate policy altogether from yours. This could save you money because insuring teenage drivers is expensive, and allowing them to be on you or insurance could ruin your good rates. Sure, they may be the safest drivers in the world, but if they get into an accident, your cheap motor insurance isn't going to still be cheap any longer.
If you decided that you want your teenage drivers to stay on your insurance policy, you may want to make sure that you limit them to one of the cars. If you have a car that you always drive, a second car that your spouse always drives and a third car for all of the teenagers in your family to share, you may want to limit them to that third car and not get them insured on the two other cars. This can lower your rates, and at the same time will always ensure that you are not driving around in the old beat up car that you bought for them.
One thing to consider is that every time you get a new car to go out and get motor insurance quotes from a lot of the different motor insurance agencies in your city or online. Whenever you get a new car, your will probably find that your insurance rates will change. A lot of people don't really think about adjusting their insurance on their other cars when they buy a new car and sometimes they end up paying too much money.
The final tip to get cheap motor insurance is to check out what other types of insurance your insurance agent offers. You may be able to pick up your homeowner’s insurance and life insurance from the same company at a discount, which will definitely save you money.
A lot of motor insurance companies will reward you if you are loyal to them and purchase all of your insurance for cars, motorcycles and other vehicles with them. This loyalty usually comes in the form of a discount, which means that you can still get cheap motor insurance from a quality company.
If you are paying too much your family’s motor insurance, you may want to pound the pavement and get a couple of motor insurance quotes to see if you can find any discounts. What you might find is that if you insure more than one car with an insurance company, you are going to get a savings on each additional car. This can save you up to 30% of the price of the original insurance for each extra car you have.
Another thing that you might want to investigate is whether or not you should find a cheap motor insurance policy for your teenage drivers and keep them on a separate policy altogether from yours. This could save you money because insuring teenage drivers is expensive, and allowing them to be on you or insurance could ruin your good rates. Sure, they may be the safest drivers in the world, but if they get into an accident, your cheap motor insurance isn't going to still be cheap any longer.
If you decided that you want your teenage drivers to stay on your insurance policy, you may want to make sure that you limit them to one of the cars. If you have a car that you always drive, a second car that your spouse always drives and a third car for all of the teenagers in your family to share, you may want to limit them to that third car and not get them insured on the two other cars. This can lower your rates, and at the same time will always ensure that you are not driving around in the old beat up car that you bought for them.
One thing to consider is that every time you get a new car to go out and get motor insurance quotes from a lot of the different motor insurance agencies in your city or online. Whenever you get a new car, your will probably find that your insurance rates will change. A lot of people don't really think about adjusting their insurance on their other cars when they buy a new car and sometimes they end up paying too much money.
The final tip to get cheap motor insurance is to check out what other types of insurance your insurance agent offers. You may be able to pick up your homeowner’s insurance and life insurance from the same company at a discount, which will definitely save you money.
A lot of motor insurance companies will reward you if you are loyal to them and purchase all of your insurance for cars, motorcycles and other vehicles with them. This loyalty usually comes in the form of a discount, which means that you can still get cheap motor insurance from a quality company.