Insurance companies such as Elephant base premiums on a variety of factors to create risk assessments. Factors that influence rates may range from where consumers live and drive to their driving records and histories. While consumers may not be able to control all of the elements that go into determining their insurance rates, there are ways to get the coverage needed at a great rate.
1) Save big money in a matter of days
It's not unusual for insurers to offer consumers what is known as an "early bird discount" which is a discount received for shopping early and purchasing a new policy before you need your policy to be effective. Shopping and purchasing early may mean doing so as few as five days before the policy will be effective, which surprises many customers. Early bird savings can range from one to 10 percent. At Elephant early bird savings is 10 percent.
2) Go green to save green
At many insurance companies, customers who agree to receive forms electronically are eligible for a paperless discount. In fact, by opting to receive bills and other communication via email rather than snail mail, consumers may qualify for a discount of between two and three percent, depending on the insurer.
3) More is less
Insuring more than one car with the same provider could reduce insurance rates by as much as 20 percent. If a customer has more than one car and they are insured through different providers, they may be wasting money. In fact, the more cars insured through one provider, the more a person can save.
4) Do "due diligence" on deductibles
Selecting a higher deductible reduces car insurance rates. A customer should first consider if they can afford to cover a higher deductible if they have to make a claim.
"Elephant offers a program called diminishing deductible that lowers your deductible by
Founded in 2009,
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