5 Tips To Reduce Your Auto Insurance Premium

Anyone who owns a car understands the pain of paying for auto insurance. If you are a safe driver, you will never be able to use something that you pay hundreds of dollars a year to use. Fortunately, there are several ways to reduce the amount that you pay each year for car insurance.

1) Improve Your Credit Score Research has shown that drivers who are not responsible with their money are often not responsible behind the wheel. In addition, drivers who have bad credit have a financial incentive to file fraudulent or shady claims in the hopes of getting a quick paycheck. If you have a questionable credit score, start taking steps to improve it as soon as possible.

2) Reduce The Amount Of Coverage You Have Your car insurance premium will drop if you reduce the amount and types of coverage that you have. For instance, you may not need collision or comprehensive insurance on a car that is more than a few years old or that you are no longer making payments on. By reducing your bodily injury coverage levels, you can see a significant savings each year.

3) Increase Your Deductible A deductible is the amount of money that you have to pay before your insurance policy kicks in. If you have a low deductible, you will have a higher premium. By increasing your deductible, you are taking on more of the risk if you get into an accident. Therefore, your premium will drop as a result. Policyholders should know that there is a separate deductible for damage to glass and damage to the body of your car. Typically, increasing the deductible for body damage lowers your premium more than increasing the deductible for glass damage.

4) Add Security Features To Your Car Adding security features to your car makes it less likely that someone will damage or steal your car. This reduces the risk of a policyholder filing a claim for lost or stolen property. In the event that your car is stolen and not recovered, your insurance company will give you a check equal to the current value of the car. Cars that have anti-lock brakes or airbags reduce the risk that you will get into an accident or suffer severe injuries in an accident.

5) Pay In Full Every Six Months The easiest way to lower your insurance premium is to pay in full every six months. When you pay in monthly installments, you are paying convenience fees as well as any fees to process a payment by phone or credit card. Paying your premium every six months as opposed to every month can save you up to 10 percent over the course of a year. Saving money on auto insurance doesn't have to be difficult. By improving your driver profile, adding security features to your car and paying in semi-annual installments, you can save a lot of money on something that you hope that you never have to use.

(Photo credit: Alan Cleaver)

What Do I Get with a GMC Extended Warranty?

A GMC extended warranty may be the best choice for your vehicle. There are pluses and minuses to the warranty. Some things are covered while some are not. In order to ensure that everything remains covered, you need to keep up with recommended maintenance for your car or truck. The GMC extended warranty covers a lot of the basic automotive repairs that your car or truck will need. It is considered to be a service contract and it covers primarily the essentials. For many people, purchasing an extended warranty for their vehicle provides them with peace of mind.

You can get a GMC extended warranty for both new and used cars and trucks. The warranty covers parts and the labor costs associated with fixing them. It also covers towing in certain situations if your vehicle breaks down on the road.

There are specific parts to your GMC car or truck that are covered by the extended warranty. If you have a mechanical problem with one of these parts, you can have it repaired at any GMC dealership across the country. The four covered components are the engine, the transmission and the transaxle, the front/rear-wheel-drive assemblies, and the fuel system. You can also purchase a separate extension that covers corrosion to the vehicle. If you live near a body of water, this is a good idea. Rust and corrosion are more than just unsightly annoyances, they can actually wear away at your vehicle’s body and cause stability problems.

In addition to repairing these systems and covering the cost of labor, there are benefits to getting a GMC extended warranty for your car and truck. The warranty comes with roadside assistance that is available to you 24 hours a day.

Not everything is covered in the GMC extended warranty. The extended warranty only covers basic wear and tear on the systems. Repairs to the various parts are not covered by damaged caused if the vehicle has been in an accident. Also, the car or truck must be properly maintained. Failure to properly maintain the vehicle voids the warranty. Also, if you use any aftermarket products on the car, the warranty will become void as well. Don’t install anything new on the vehicle or alter the engine components in anyway if you want to remain covered. To remain in good standing, make sure you following all the recommendation maintenance guides, such as routine oil changes. Tire and wheels are not covered.