The Cheapest Auto Insurance Rates

It pays to play field when it comes to auto insurance. You should know your auto insurance company rankings and always check several insurers to get the cheapest auto insurance rates. Auto insurance is the expenses that everybody loves to hate. Once you get a policy, most folks simply file it away pay the premiums and hope they don't have to look it again. That is not the way it should be. Auto insurance is one expenses that could be very easy to reduce if you take the time to compare rates, review your coverage and delve into the details on a regular basis, says Andrew Wicken, General Manager of InsuranceHotline an unbiased comparative quoting service directing consumers to the insurance companies which offer the lowest rates. "Rates can vary significantly from one company to the nexy," he explain. "That makes shopping around a very worthwhile exercise. The best part is you need not wait until your current policy is up for renewal, as the savings could outweigh any cancellation fees." People might thing they are the victim of mandated rates that are out of their control, but the grid system in Alberta for basis coverage doesn't mean you can't do anything to reduce your car insurance costs. Consumers looking to keep their auto insurance costs in line should consider the following tips:

1. The wider net
Insurance brokers can help you to shopping for the best rate, but they will only provide quotes from the limited number of companies they represent (usually no more than 4 or 5). "But with over 20 insurance provider in Alberta, the odds that you are getting the lowest rate available right now are pretty slim," says Wicken. Fortunately, free online comparison services like this give you a quick and easy to compare rates from multiple insurance providers.

2. Don't assume loyalty discounts are the answer
People mistakenly thing if they stay with the same broker of insurance company they are getting the best rate. But if you are not with the lowest cost insurer in the first place, loyalty discounts might obscure the fact that you could get a better rate elsewhere.

3. Ask your insurer about all available discounts
Providers offer all sorts of discounts that could help reduce rates - from multi-vehicle / multi-line and retiree discounts to anti-theft, winter tire, student away from home and eco-friendly car discounts.

4. Review before renew
Come renewal time, a lot of drivers simply pay the premium and move on. However, a regular review of your policy with a licensed insurance professional to check your coverage and ensure your information is up to date can sometimes pay big dividends.

5. Keep a clean driving record
Building a good driving history that is free of tickets and convictions will help to reduce your rate over time. "After your mortgage and car payments, your car insurance premiums are one of your biggest expenditures, so taking the time to shop around is worth the investment," Wicken says. " And if you go to shopping, using online tools to quickly find the lowest rate available from the entire field of insurance companies can save money and peace of mind." www.carjunky.com