Cheap California Vehicle Insurance Rate -- Easy But Proven Tips

1. For no reason must you allow your California vehicle insurance policy to lapse.. Individuals who allow this to happen to them pay higher rates for a long time. This happens to some folks when they are switching to another insurance carrier.

One way to be certain you do NOT make this type of mistake is to leave your old policy intact until you're sure the new policy is in full force. As simple as this may seem, a lot of individuals are bearing the burden of exorbitant rates because of just a little negligence.

2. Paying your premium yearly will attract cheaper rates than opting for monthly payments. You may be told monthly payments are convenient but what you're not told is how much more you pay for it..

There are transaction charges that are incurred when processing a check. For 12 checks (that is, your monthly payments) you'll have a total of 12 transactions. This means that you will pay transaction charges 12 times..

Besides there are also administrative costs that are incurred due to the monthly payment option. For example, it costs insurance companies millions of dollars yearly to send out payment notices..

These costs plus a profit margin for this feature is included in your premium making it more than a similar profile that pays yearly every year.

3. You'll be given cheaper California auto insurance rates if you pay by Electronic Funds Transfer (EFT). This authorizes your bank to credit your insurer with your payments automatically until you stipulate to the contrary. This saves the insurance company in many ways such as eliminating the cost of mailing payment notices and the cost of processing checks. Your insurance provider passes part of what they save to you by bringing down your premium.

4. You can save a lot of dollars by visiting at least 5 quotes sites. That way, you will be able to get the lowest California auto insurance quotes available as five sites will present not less than 25 quotes altogether.

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