A New Article Explains Why Increasing Deductibles Lowers Car Insurance Costs
LOS ANGELES, July 13, 2018 /PRNewswire-iReach/ -- Lower-auto-insurance.com has released a new article that explains why increasing deductibles will help clients get cheaper car insurance premiums.
Car insurance tends to be expensive, but there are still some factors under the policyholder's control. The amount of voluntary excess, also known as a deductible, will influence the cost of premiums. Get car insurance quotes online, from http://lower-auto-insurance.com/ and see how much money can be saved by raising deductibles.
A deductible represents the amount of money a policyholder agrees to pay when making a claim. After this sum of money is paid, the insurance company will cover the rest.
Deductibles range between $250 and $1000+. The client has to pay the deductible first, usually in a single payment.
By asking for high levels of deductibles, the client places more financial responsibility on himself. But the insurance companies will consider the person more responsible and more reliable. Thus, lowering the insurance costs.
A high level of deductible means that the company will have to pay less for solving a claim. And considering the huge costs of repairing a car or for medical bills, it is understandable why drivers with high deductibles are really appreciated by insurers.
"Increasing the deductibles is a safe way to lower the insurance costs. But make sure to access a deductible level you can afford to pay" said Russell Rabichev, Marketing Director of Internet Marketing Company.
Lower-auto-insurance.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
For more information, please visit http://lower-auto-insurance.com/
Media Contact: Russell Rabichev, Internet Marketing Company, 8183593898, russellr@gmail.com
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SOURCE Internet Marketing Company
