Saving Money on Insurance PremiumsSaving Money on Insurance Premiums

Saving money should be on all peoples mind in good and bad times. Unfortunately, something drastic has to go on in people’s lives for them to pay attention to the money they’re expending. If everybody would set their fiscal house in order, then a lot of people would be able to travel to Las Vegas and loose all the money they’re saving.

Lowering Auto Insurance Premiums – 3 Ways

In all seriousness, there are ways to save money that are really easy and simple. Making your lunch, for example, can save hundreds of dollars a year. There are even ways you can save on your auto insurance. Below are three strategies for saving on your auto insurance.

Adjust your coverages to suite your needs. I’m an insurance agent and therefore, I’m always going to recommend that you err on the side of having too much coverage. There are, however, things that you could probably go without. If you have a 1989 Honda Accord, for example, you might not need comprehensive and collision coverage. It’s important that you don’t trim too much on coverages because that can come back to haunt you. I almost removed full coverage from my vehicle and 5 months later I totaled the car. That would have been a much more painful experience if I had removed that coverage. But your coverages aren’t all off limits when trying to save.
Make sure you are receiving all the discounts you are eligible for. If you recently purchased a home, for example, you’ll want to make sure your auto insurance carrier is giving you a discount for that. Some carriers offer discounts for the type of work you do and even the level of education that you have. Talk to your provider to find out if you are receiving all the discounts you deserve.
Shop around. It never hurts to look at the menu even after you ordered. You may have been with the same company for a bazillion years and you feel like you are getting a fair price, but how do you know unless you check?
Auto insurance is always an area to look at when trying to save a couple extra bucks. Confirm you are sufficiently covered, but also ensure the coverages are all necessary. Discounts come in all shapes and sizes and you’ll want to take advantages of all available to you. Keep your company honest by checking around from time to time. You’ll be surprised by the savings a free market can provide.

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