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    Lowering the Car Insurance Premium

    By Busines expert | July 4, 2011

    The inflation is on the bloom and you are looking for every possible way to hide your savings from scavengers – like the insurance people. So should you cancel your insurance? No way, that is way too dangerous, leaving aside the fact that you may also face a legal prosecution for driving a car without an insurance.

    With a huge competition between the car insurance companies, you can always shift to a new company, if your present company is not assisting you well to lower your insurance premium.

    At your end, you can take some precautions too. Maintain your car well and equip it with good safety and security features like burglar alarm, dual side air bags and so on. Opt for a one-day driver’s education course which will give you points to lower your premiums. Increase your credit rating. Choose to buy a fuel efficient hybrid car. Discuss these events with your insurance company which will in turn waive off a big chunk off your premium.

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