Auto insurance is one of the most expensive, and regular costs, of owning a car. While having insurance is a necessary aspect of owning a vehicle, spending a lot of money is not. It is well-known that advances in technology have helped to improve every aspect of life. But what may not be known, is the fact that some of these advances can be used to help lower the costs of car insurance. Here is a list of six innovations that will help you decrease the cost of your premiums.

Tracking Devices

Installing a car alarm does not eliminate the chances of car theft. However, installing a tracking device does insure a quick recovery should a theft happen. These systems also act as a deterrent to would-be thieves. Some tracking devices use a low-frequency transceiver that sends signals to police once the car is identified as stolen. Other systems use GPS tracking to recover the car. LoJack is one of several companies that provides a tracking and recovery system. Because of the deterrent factor and high-recovery rates, insurance companies provide discounts to customers with tracking devices. Depending on the insurance company and the state of the insured, the discount can range from 15 to 20 percent. (more…)

It may be that you already have in mind what the best car insurance policy is for you and your particular needs, however it may be difficult for you to find the best price for the car insurance type that meets your needs. The situation gets even more complicated if in the past you had accidents, or any sort of violations while you were driving your vehicle within the past three years. If this is the case one thing that you’re going to have to understand is that the options available to you for car insurance may be limited. This does not mean to that you should not search for the best deal. It may require a little effort, but if you are honest about your driving history, you should be able to find a relatively decent deal on car insurance and not have to worry about your coverage being interrupted or shut down in the future. If you’re able to maintain a clean driving record over the course of some time you will be able to once again qualify for relatively inexpensive car insurance

Individuals who do have a clean driving record have a wider door open to them when it comes to finding cheap high quality auto insurance rates. One of the first things that individual in this position should do is try to get information from at least five different car insurance companies and compare these rates. Depending on the state in which you live you may find that there are variations of several hundreds of dollars in the annual rate charged by different companies for the same vehicle.

Understanding how car insurance companies sell insurance is a huge advantage to individuals looking to purchase inexpensive car insurance. Car insurance companies usually sell their insurance using one of three methods. (more…)