Save Money on Auto Insurance
By Mike Hillyer | Related entries in Automotive, Spend LessOne area where you can sometimes save a few bucks is auto insurance. Car insurance is a necessary evil, but you can save a few dollars while maintaining coverage.
The first area I found when saving on insurance was when I switched to insurance offered through my auto club. Not only can the auto club tow your car in an emergency, they can also save you a lot of money. I found that in my case a switch to the auto club was good for dropping my monthly bill by around $30 (paying your insurance in a lump sum for the year can also save you money).
Of course that is not going to be the case 100% of the time, so it is good to shop around.
The second way I found I was saving money was by having my home and auto insurance with the same provider. The auto club gave me a 10% discount for having multiple products.
The third way I found was to increase my deductible. The funny thing is that a lot of people will take a low deductible, then realize that they don’t want to claim on anything below a higher number to avoid their premiums going up. If you are the kind of person who would not claim on anything below $1500, why do you have a $500 deductible? Raise your deductible, lower your monthly premium, and put the difference in your emergency fund (which will eventually be big enough to cover the deductible anyway.
The other two things that I found lowered my premiums was turning 25 and getting married, but I would not recommend getting married just to lower your car insurance payments.
This entry was posted on Monday, March 28th, 2005 and is filed under Automotive, Spend Less. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.
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