subject: Save Some Bucks On Auto Insurance [print this page] It is no news that in todays fast-paced world you can never be too safe. You need insurance to protect your health. Insurance to protect your home. Insurance to protect your car. At a time when prices are soaring, you need not spend bucks to be sufficiently protected. In fact, there are ways in which you could save a few bucks. For instance, did you know that bundling your car and home insurance could help you save money? Well, it can. Heres how, along with some other ways in which you could save on your auto insurance.
Choose the right coverage
While some might think that opting for comprehensive and collision on your car is a no-brainer, the truth is if you really think about it, this coverage might not be worth the cost in the long run. So how do you decide on buying this coverage? Well, its simple really. What is the value of your car? If your car is old and its market value isnt very high, purchasing the comprehensive and collision could cost you extra and in the long run, prove to be an unwise move. Take some time to figure out the type of car insurance you really need before going ahead and buying it.
Look around for insurance rates
This is the golden rule to follow when buying insurance, and yet ignored by many. If youre looking to buy a new policy, (be it car or homeowners insurance) it is advisable to do your research well and get at least three or four quotes first. To get the best possible coverage and the lowest rates, look around and compare your options carefully. This could help you save hundreds of dollars in premiums each year.
Increase your deductible
Yes, INCREASE your deductible. Increasing your deductible could help you cut down on your premium in a big way. Your insurance is meant to pick up the tab after an accident and pay for damages that you cant pay for yourself. So, if you have the comprehensive and collision on your car, raising your deductible could lower your premium and help you save some money.
Clean up your credit score
Some of you might not be aware of this, but many insurance companies determine insuring someone based on their credit score. If you are someone who is irregular in your payment habits or have a poor credit history, you might get turned away from an insurance company or be asked to pay higher premiums. Check your credit history to keep an eye out for anything that might not work in your favor such as mistakes or omissions in the information.
Bundle your home-auto insurance
As mentioned earlier you could bundle your home and car insurance to save money. When looking at auto and home insurance quotes offered by companies, question them about the other policies such as dental, health, life etc, you could combine to get a discount.
There are additional discounts that could save you some money such as the defensive driver discount, multi-car discount, safe driver discount etc. The AARP, for instance, offers additional discounts to customers who are 50 or over, which makes their rates a lot more affordable. Question the company about any discount you could get to lower your premiums. And once you settle on a policy, be sure to review your policy every year. As life changes, so do your insurance needs.
Insurance doesnt need to cost you a fortune. With a little bit or research, you could get the coverage you need without exceeding your budget AND save some bucks in the process!
by: Bethany Collins
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