Car insurance can be a significant monthly expense, especially if you bear a novel vehicle or are leasing a vehicle for an extended period of time. You may be paying too much for car insurance if you find that your insurance premium is going up every six months or each year even when you have a clean driving record, or if you find that several competitor rates are powerful lower.

Many people don’t realize how easy it is to negotiate a lower auto insurance rate, and there are several things you can do to lower your premium without sacrificing quality coverage for your vehicle. Here are honest five secrets to negotiating a lower auto insurance rate:

1. Ask about different coverage options. Insurance agents are trained to offer you the best possible coverage, but that doesn’t mean you will get the least expensive premium. Make sure that you are investing in a policy that provides coverage for what you really need, and don’t be afraid to say no to “extras” such as rental car reimbursement or towing, which are typically covered by AAA anyway.

2. Make sure the insurance company is aware of safety features and efficiency ratings. Many insurance companies offer lower rates to drivers who fill a fuel-efficient or hybrid vehicle, as well as to those who own vehicles equipped with anti-theft devices and extra security features such as a GPS tracking service or alarm system. Make sure you provide a detailed explanation of your vehicle when submitting your application or when requesting a re-evaluation of your account so that you can earn the best available rate.

3. Ask about discounts for multiple policy holders. If your car insurance company also offers other types of insurance, such as life insurance and homeowners insurance, you may be able to negotiate a better rate by purchasing your policies all in one place. Many insurance companies extend a discount to customers who consolidate their insurance policy needs.

4. Let your insurance agent know you’re shopping around. A hastily phone call is all it takes to score a quote from several insurance companies. Let your existing insurance provider know that you have received competitive quotes from other providers and are considering switching. Your existing insurance company may be able to offer you a better quote and may even re-evaluate your record to perform sure that their rates are still competitive.

5. Request more information about discounts and incentives you are eligible for. Many insurance companies will extend a “good driver” discount or incentives for long-time policyholders. Get in touch with an insurance agent so that you can discuss any benefits, discounts and special offers you may be entitled to.

Sources:
http://www.motorlogy.com/strategies-for-negotiating-lower-auto-insurance-rates-849/
http://carinsurancecomparison.com.au/how-to-negotiate-lower-car-insurance-premiums/
http://www.iwillteachyoutoberich.com/blog/tip-13-negotiate-your-car-insurance/