The document discusses the importance of saving money from a young age through an anecdote about the author's childhood allowance. It then summarizes that saving small amounts over time, as with discounts on car insurance, can provide significant savings. The rest of the document provides numerous discounts that car insurance companies offer and stresses asking insurers about all available discounts to get the lowest rate. It concludes by advising getting annual quotes to ensure continuing affordable coverage.

1. Quotes for car insurance
When I was a small child, as was the case with most
parents, my parents gave me an allowance. It started with
25 cents per week. Now at age 5 that was impressive to
me. I remember when I had been given enough "raises"
that I finally began to receive $1 per week. Wow! This was
great! My parents initially would not allow me to spend
much of my money.
I was instructed to put it in my little bank and save. I would
dream of things I could save to buy -- most of which I
would never have been able to get as my "income" would
not allow saving that much. It didn't keep me from
dreaming however.
I recall one episode of impatience and addressing my
father about an increase in my allowance. When he learned
of what my plans were his instructions were to save for it.
When I persisted about the amount of my allowance, he
gave good advice. He said, "...you need to save your
money. Pennies make dollars..."

2. Maybe that was not original with him but I have never heard it phrased like that elsewhere. He told
me that about 40 years ago and I have never forgotten his words.
So what does a kids allowance have to do with quotes on car insurance? Nothing except that there
is application with the principal of saving.
Insurance for Car versus Risk
Before continuing, remember that every insurance company considers providing you with
insurance for car, truck, boat, etc., as a risk. As I have noted in previous articles, insurance
companies will establish premiums based on your characteristics and they will group you with
others with similar characteristics.
Put simply, the company will categorize you (i.e., rate you) based on information such as age,
marital status, past driving record, the type of car you will be insuring, etc. They rely on the
information you provide on your policy application in making this determination. Based on your
information, you are categorized into groups and the insurance company then reviews the claim
history of those groups to make projections about future claims. A rate for each group is set based
on the historical claims statistics paid by the insurer for the people in that group.
With this in mind, you can see that it is very important to provide complete and accurate
information on your application. Doing so will guarantee that your vehicle insurance premium
quote will truly reflect your unique situation and that you will be quoted a fair price.

3. Ask About Discounts for the Cheapest Car Insurance
Ok. Now let's think about how my father's advice may apply. All insurance companies offer
discounts. You will get lumped into specific groups by your application information; however, are
you truly like "everyone else" in that group? Insurers recognize that there are differences in
insurance cars and people and positive differences can be rewarded by offering discounts.
Here are some of the common discounts you might want to ask about:
•Good Driver/Safe Driver: Have you been accident free for a number of years? Has it been a few
years since you received a violation? Here is an additional incentive to practice safe driving.
•Senior Citizen/Retired Driver: This discount is based on having reached a certain age or it may be
given after you reach a specific age and no longer have a daily commute.
•Multiple Vehicle: Most companies offer this to customers who insure more than one vehicle with
them.

4. •Low Mileage: The fewer miles you drive, the less chance you have of getting into an accident.
Insurers recognize this fact and generally offer discounts for low mileage drivers.
•Car Pool: Some companies also offer discounts for drivers that participate in car pools.
•Homeowners Discount/Multiple Policy Discount: Some companies will offer a discount if you own
your home (you will need to provide proof of homeowners insurance to verify). Additionally, if you
have your homeowners or renters policy with the same company, you may qualify for an additional
discount.
•Safety Devices/Anti-Theft Devices: With this you will need to make sure the insurer understands
your car. If you provide the vehicle identification number, the safety features can usually be
verified but you need to be sure. Also, make sure you ask about additional discounts available for
alarm systems or other safety features.

5. •Driver Education/Young Driver Safety Course: For those with young drivers, the successful
completion of an accredited driving course may help offset the higher cost of young drivers car
insurance.
•Good Student: Similarly, if you have kids in High school and college, some companies will provide
a young driver car insurance discount if they maintain a "B" average or better.
•Distant Student: If you have a child attending a school located more than 100 miles from your
home and your child does not have a vehicle with them, there may be a discount available to
reflect the decreased possibility of a loss.
IMPORTANT NOTE: Discounts benefit you by helping you get the cheapest car insurance. Insurance
companies also benefit because discounts help them to be competitive, attract customers and keep
business. So when you shop, don't just ask if a discount exists. Be bold and ask, "How much will I

6. save?" It is important to ask because the savings can differ from one company to another. Ask, Ask,
and Ask again! Make sure that you receive all the discounts for which you qualify.
My father's advice was to save even if it was in small amounts. His phrase "pennies make dollars" is
certainly applicable with regards to discounts. Today's high cost of ownership requires you to save
in every small way you can; however, finding car insurance cheap is not impossible.
While the list above may not be all inclusive, keep in mind that insurance companies can offer a
discount for anything that may reduce their losses and expenses. With this in mind, you need to
remember to Ask, Ask, and Ask again about all discounts that may be available for car insurance,
compare and save.
Be Proactive - Get New Quotes for Car Insurance Annually
Yes, pennies make dollars, but if you do nothing, nothing will happen. Many people become
complacent about the cost of car insurance and never review their coverage or make changes.
Being a complacent driver can cost money. Make it your aim to review your coverage's on at least
an annual basis, review your eligibility for discounts and get new quotes to make sure you have the
most affordable car insurance for your budget.

7. Edward Ferrell is a graduate of Auburn University with over 20 years experience in the financial
services and technology sectors. He recently started his own marketing and e-commerce company
with the intent to focus on a number of niche e-commerce markets.
Edward understands from a deeply personal level that life is filled with challenges. He says that
some challenges we face are due to our own good or bad decisions while other challenges are
somewhere down the road just waiting for us to get there.
As a Christian, he says that he finds comfort in the instructions of Romans 12:12 which read...
"Rejoice in hope; be patient in affliction; be persistent in prayer," (Holman)
Article Source: http://EzineArticles.com/6721401
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