Save Money on Your Auto Insurance Without Changing Agents Or Companies

Now that I have your attention I would like to introduce you to the the Collision Deductible Reserve Plan (CDRP). I have been involved in the Insurance Business for the past 10 years and have come across a product that can help you put some money back in your pocket immediately. Most people have less than $600 in there checking accounts. Most people have deductibles on there auto insurance of either $250 or $500. When people get in a car accident and have to pay their deductible they put this on their credit card. There is a solution to this problem and a way for you to save money as well. By setting up your own CDRP you can immediately save 10-40% on your car insurance. You do not have to change agents or companies to do this. This will help consumers reduce their monthly insurance premiums without increasing their risk. One plan covers all drivers and vehicles in the household. This is how it works: By Raising your collision deductible to $1,000 you can save as much as 40% on your overall insurance premiums...sometimes even more. You will simply redirect the savings realized from raising your collision insurance deductible into your CDRP account. One your CDRP account is mature, usually with $1,000, you no longer need to make monthly contributions. Your monthly savings is now back in your budget and can be used to help eliminate debt and build wealth.

Cheap Auto Insurance for Teen People

One of the most common desires of teenagers is acquiring his or her own car. And when they truly deserve it, they do get one. Of course, before you can allow your son or daughter to drive on their own, they must first meet the required age to secure a license. In most cases, being able to secure a license means one thing for teenagers - freedom! Once you've got your teens their cars, the next thing that you must think about is car insurance. One of the first and most important considerations is the price of the insurance premium. Most insurers charge higher premiums for auto insurance for teenagers. This is because these companies see most teen drivers as being more reckless and accident-prone than adults. Fortunately, there are ways in which you can lessen the charges for your teenager's car insurance. These factors might help you get a better deal in the future. 1. A spotless driving record. It is essential that you emphasize the importance of observing traffic laws and of having a clean driving record to your teenager. This means that they should avoid speeding tickets and other such traffic violations at all costs. And, while accidents do happen, being more aware can minimize the incidence of one happening. A clean driving record will be awarded with lower premium payments. 2. Look for auto insurance with a greater deductible. The premium payment is usually less for auto insurance that covers a higher deductible. 3. A car endowed with more safety features. It would be more beneficial to get your child a car that has a lot of advanced safety features. Avoid vehicles that fall under the higher hazard ranking class. 4. Follow license restrictions. Teenage drivers need to stick to the restrictions and guidelines that their licenses specify. 5. Get a stand-alone policy. With this kind of policy, your child will be responsible for his own insurance. As a new driver, he will only be allowed daylight driving, a certificate from a driving school, and the like. As a parent, the most appropriate thing for you to do is to inculcate the value of responsibility in them. Make them accountable for whatever happens to their car. They can even work part-time so that they can pay for one-half of their premium.

5 Tips: How to reduce the cost of car insurance on a young driver.

Cruising down the highway is more than just a summer ritual, it can be a hazard too. The National Highway Safety Administration says summer is one of the most dangerous times of the year for young drivers. And insurance companies are well aware of the risks that young drivers pose. Adding a young driver to your insurance policy can increase your rates 50 to 100 percent says Jeanne Salvatore of the Insurance Information Institute. But you don't have to take away those car keys just yet. In today's 5 tips we'll tell you how to keep your kid safe on the road and what young drivers can do to reduce their auto insurance. 1. Keep a clean record Having DWI convictions on a driving record is extremely costly. The Municipal Alliance for the Prevention of Substance Abuse estimates that the total cost of one DWI for an underage drinker, in New Jersey for example, is almost $24,000. This includes insurance premium increases, legal fees and other fines. If you are a young person with no prior convictions who is convicted of a DWI, your base insurance premium of $800 could be raised thousands of dollars for at least three years, according to David Snyder of the American Insurance Association. 2. Earn brownie points Many auto companies offer students a discount on their auto insurance if they maintain a 3.0, or a B average and are enrolled full-time in high school, community college or a university. You can also take a local accredited driver safety class to get a discount, or to remove points from your license. The National Safety Council (www.nsc.org) often has information about where you can take these courses and knows about state certified programs that offer courses for point reduction, auto insurance discounts, remedial driving, or retraining. For teens who want a real crash course but who don't relish the idea of drivers ed, check out Masterdrive. This company has locations in Colorado and California. In the first part of the program, new drivers are put on an enclosed course where their skills are tested by simulated crash scenarios and adverse weather conditions, according to Grant Dewey, the General Manager of Masterdrive in Colorado. The entire program is about 52 hours and costs $730 dollars. For more information, go to www.masterdrive.com. 3. Be a model citizen Remember that summer you spent as a candy striper or an aide in a nursing home? It can pay off when you're shopping around for auto insurance. Some insurance companies offer discounts to young people who join civic or community organizations, like the Eagle Scouts, says David Champion of Consumer Reports. "They're trying to find the least risky kids," he says. So if you've been spending time bettering your community, shop around to find those insurance companies that will reward your efforts. 4. Drive the right kind of car While it may be cool to show off those hot wheels, think about the hole that could burn in your wallet. Did you know the type of car you drive is a large factor in your insurance costs? You can save yourself 50 percent or more on auto insurance if you choose a safer car, according to Champion. Sports cars, expensive cars, high performance cars and SUVs are typically viewed as carrying a higher risk with insurance companies, and you'll pay more. Synder says that young drivers may want to think about driving something more unglamorous. "Look for safe cars like the Honda Civic or a Volvo," he says. "And try to get newer models cars that have airbags." Consumer Reports also has some recommendations for young drivers, including the Toyota Camry LE and the Mazda3. And do you remember hearing that red and black cars typically carry higher insurance rates than a white or blue car? Most experts we talked to said this was an urban myth. But Mike Hudson of Edmunds.com said, that while he couldn't substantiate such claims, insurance companies can determine risk on whatever factors they decide. 5. Add safety features It's likely your insurance rates will be reduced if you have added safety features. This includes automatic seat belts or anti-lock breaks. Sometimes side-impact air bags can give you a discount too, says Snyder. Cars that offer stability control help younger drivers behind the wheel. In the future, insurance companies may take this feature into account when accounting for risk, says Champion.

The Three Main Car Insurance Options

Third Party: The most basic UK car insurance option. Third party insurance is the minimum coverage that allows you to drive legally in the UK. Any damage you do to a ‘third party’ i.e. someone or something that is NOT YOU or YOUR CAR is covered. You have no cover for personal injury or damage to your vehicle. So if you damage your car, or if your car is stolen, and you only have Third party insurance you will have to pay for the repairs / cost of replacing the car. Third Party Fire and Theft: As well as the most basic level of insurance (above) Third Party Fire and Theft insures your car against fire and theft. This option is the most popular car insurance for new and young drivers. Fully Comprehensive Car Insurance: Comprehensive insurance gives you full risk cover for your car. This means that you can claim for any damage caused to your car by any means, apart from exclusions found in the small print. In addition to allowing you to claim for the damage caused to your car in an accident, with comprehensive car insurance cover, you can also claim for acts of vandalism, theft, or any other accidental damage to your car which does not involve a crash. Unless loaded, as new or young drivers, you will not be able to afford fully comprehensive car insurance.

A GUIDE FOR CHEAP YOUNG DRIVERS CAR INSURANCE

Cheap young drivers car insurance is a promise that is rarely fulfilled. The best any young driver can do is to try and buy the cheapest car insurance premium on offer. What follows is a guide designed to help all young drivers looking for cheap car insurance gain the cheapest quote possible. Firstly, the reason cheap young drivers car insurance is an unrealistic goal is simple - new and young drivers are a bigger risk to insure than the average car driver. These are the facts: * Newly qualified UK drivers are more likely to have an accident during their first year of year of driving than at any other time. * Per mile of driving, the risk of an accident involving injury or death is about seven times greater for 17-20 years old than for those aged 40 or over. * Young drivers under 21 are involved in 15% of all car accident deaths. * New drivers make up just 10% of licence holders, but are involved in 29% of accidents. CHEAP YOUNG DRIVERS CAR INSURANCE - HOW TO REDUCE YOUR PREMIUM The following tips will help you reduce the cost of young drivers car insurance. Take the Pass Plus Driving Exam The pass plus examination is for new and young car drivers. It is an intensive training course that helps new drivers become a better drivers. Pass the pass plus and you will get a discount of up 35% on your car insurance. Taking the Pass Plus will cost around £100 but given the high cost of new drivers car insurance you should save more than this on your car insurance premium. Ask your driving instructor for details. Pay a Higher Excess Insurers will insist on a minimum amount that you have to contribute to any car insurance claim. The standard amount is £100. As new and young drivers if you volunteer a higher amount you could save on your car insurance premium. Pay Your Car Insurance Premium in One Go It is often cheaper to pay your years car insurance in one lump sum rather than in monthly installments. Most car insurance companies charge interest of around 15% APR (some up to 30%) to allow you to pay your premium in monthly installments. Named Drivers Adding a named older driver to your car insurance policy, i.e. your parents, can save you 10% on your insurance premium. Likewise, avoid having younger named drivers on your policy. Car Security Beef up your car security. Thatcham approved car alarms are recognized by all insurers and most will discount your premium if you have these fitted. If you have a garage then use it. Your car is less likely to be stolen from your garage or from your drive than if it is parked in the street. Insurance companies will recognize this and offer cheaper premiums. Buy Your Car Insurance Policy Online Most car insurance companies offer a discount if you buy online via their web site. Be Born Female Female car insurance is cheaper. Why? Because the average female is a safer driver than the average male. Result, cheaper car insurance for the ladies. Shop Around According to the Association of British Insurers it is possible to save 35% on a car insurance premium by simply comparing several insurance companies against each other. As young drivers such a discount can be considerable. So get as many insurance quotes, online or otherwise, as you can. It will save you money.