5 Steps to Reducing Your Vehicle Insurance Rates

Saving on the cost of an automobile insurance policy can easily be done using many simple methods. This task is often necessary as the steps for getting a good price can often be challenging. Many people often ignore an insurance policy once it has been purchased. The result is a consumer who might spend up to a hundred or more dollars that is not necessary. Vehicle insurance costs are not fixed and there are various ways for consumers to reduce their rate.

1: Up the Deductible

The deductible applied to an automobile insurance policy should be increased. One thing many people do not realize about the deductible is it is not an out-of-pocket expense. The amount of any deductible will be subtracted from the total payout for a claim. This means there is no reason to have deductibles that are at a low amount. Raising the deductible to $1,000 or to $1,500 significantly lowers the cost of an insurance policy as the carrier will be paying out less for a claim. However, consumers need to pay for any damage that is less than the deductible.

2: Car Pool

Saving money on car servicing and filling up the tank can be achieved by joining a car pool. The total miles an individual drives can be cut up to 75 percent when car pooling with three other people. As an individual drives less, then automobile insurance costs will decrease. This is due to companies that use mileage when calculating the premium.

3: Coverages

Many people simply buy the coverages that are included on a standard insurance policy. This is not the best solution as a car that is new requires different insurance than an older car. A vehicle which is paid for may not need collision and comprehensive coverage. These are optional and can easily decrease the costs for a consumer when they are eliminated.

4: Combine Policies

Most insurance companies that offer multiple types of policies will have a multi-policy discount. If the consumer can transfer their automobile insurance policy to the provider of their homeowners insurance policy, then a multi-policy discount will apply. This discount will be up to 10 percent to 20 percent off of both policies.

5: Discounts

Many automobile insurance companies offer various discounts for consumers. One option for a family with children who drive is to ask about a student discount. These discounts are typically available for a student who gets good grades or has taken a driving safety course.

Which Metals are the Most Valuable in Junk Cars?

At some point in our lives we all had to face the emotional roller-coaster that is saying goodbye to our used-up car. It used to be quite difficult to get rid of the piece of junk that is usurping your driveway, but thanks to the explosion of Internet and the different services you can find on it, the process has become much easier. You can use the online scrap valuation services that will effectively assess the cost of getting rid of your junk car where you’re situated. Another option is to donate your car to organizations that deal with these matters. Since they will pick up your car and then sell it for metal later, you won’t spend a dime and the problem will be off your hands.

What you will do with your junk car is entirely up to you, but you should know that there still may be some use to it. By this we mean that you may be able to make some cash while getting rid of it at the same time. Some parts of old cars can be scraped and sold for more than you would hope for! Even if your particular car doesn’t hold much valuable metal, you could still find some type of metal that is substantial in quantity. If, by some chance, your car had a catalytic converter you will most likely find Platinum in it. Platinum car parts will bring you good money, as it is highly valued on the market.

Second best metals you are going to find in your car are iron and steel. In fact, over 60% of what your car is made up of is some kind of a steel compound. Chassis, wheels and frame are the places where you’ll scrap the iron and steel, both of which are highly appreciated in many manufacturing industries.

Finally, aluminum and copper are also good sources of cash when selling your junk car metal parts. These are used in a great number of industries, meaning it is always wanted on the market. In Toronto, there are a lot of scrap car buyers who are offering their services online and are offering cash on the spot. Depending on your location, you can find one that will help you with your predicament. It’s a win-win situation and probably the best option for a layman who knows nothing about scraping a car.