The first step to saving is to find your current auto insurance policy. In order to be able to obtain low cost auto insurance, it's necessary to know what your current insurance rates are and for what types of coverage you are paying. If you have no idea where your insurance policy is, call your insurance agent and have them send you a copy.
 
Before you even begin discussing possible low cost auto insurance rates for which you may qualify, your first step should be to take a good, hard look at your current deductible. The deductible is the portion you have to pay out of your own pocket before the insurance company will begin paying. For example, if you have a $500 collision deductible and you put a $200 dent in the side of your vehicle, you have to pay the entire amount since it is less than your deductible. If you get into an accident which does $1000 worth of damage to the vehicle, you would pay $500 and the auto insurance company would pay $500.
 
While the above example may have you saying that you want a $0 deductible, the lower your deductible is, the more your insurance payment will be. While having a low deductible may seem like the best plan, you need to take a close look at what the low deductible will actually cost you. For example, say that a low cost auto insurance company has told you that increasing your deductible from $250 to $500 would save you $100 a year on your insurance. This would mean that keeping the $250 deductible is the same as paying $100 for $250 ($500 - $250 = $250) in coverage per year. When you look at it from this perspective, a low deductible makes little financial sense.
 
Your best strategy is to raise your deductible as high as possible with the knowledge that if you do have an accident, you'll be able to cover the deductible without putting yourself into any type of financial hardship. That’s where The CDRP comes in because you will not have to worry about coming up with the money to cover the $1000 deductible.  
 
Now that you have figured out the deductible that is right for you, which is $1000, you can begin to see if there are other areas where you can reduce you current insurance payments. Low cost auto insurance is like any other business. Competition is tough and keeping good customers is far more economical than trying to find new ones...
 
IDA has developed the Collision Deductible Reserve Plan(CDRP), a program that allows consumers to raise their collision deductible to a higher amount, often saving as much as 40% on their overall automobile insurance premiums. The CDRP is helping Americans increase their cash flow and discretionary income at the same time!
With collision insurance being the most expensive insurance product for you to buy from your insurance agency it only makes sense to raise your deductible to $1000 and purchase a CDRP to get the lowest possible premiums. After you do purchase a CDRP you will have the peace of mind that your $1000 deductible is secured and you will not have to borrow money at a high interest rate or put the $1000 deductible on your high interest credit cards
For all the info about the CDRP visit this web site http://www.CDRP-SAVE40.COM  
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