When I got my kids a dog, I had no idea that it could affect my homeowners insurance. I happened to run into my insurance agent in the store when I was buying dog food and he asked me what kind of dog we had. When I told him, he said I should stop in the office the next day. I had no idea that things like this could affect premiums, so I started asking what else could do it as well. I created this site to help others understand some of the finer points of homeowners insurance and what they should think about to manage their rates.
If you have been thinking about your need or desire to cut down on the amount of money you have to spend every month, you might want to think about starting with reducing the cost of your auto insurance. Even if you think that you found the best deal when you first got your plan in place, it might not be as cheap as you can get it now. Here are two examples of things you can do in order to get your auto insurance premium to be a little more affordable:
Remove The Extras You Never Use
Do you have towing or rental car reimbursement coverage on the plan? If you do, when was the last time you made use of those benefits? If you never have, you might find it more affordable to simply take those extras off of your plan so the yearly premium will cost less. After all, if you look closely at the fine print, you might find that the reimbursement only covers a small amount of money anyways. It would be better for you to just save that money on your own.
Ask For The Bigger Deductible
If you can have your auto insurance coverage set up for the higher deductible instead of the smaller one, you are likely to save money on the premium costs. This is because the agency will not have to spend as much money should you end up in an accident that they have to pay for. If you are not a driver that gets into a lot of accidents that are your fault, you will not have to worry as much about that higher deductible. If another driver is at fault, it is their insurance company that pays to repair your vehicle so you don't even have to worry about a deductible at all.
By making use of the previously mentioned tips, you should find that you are able to reduce the cost of your auto insurance. Now would be a good time to start calling around to get auto insurance quotes from different agencies. You just have to make sure that you are comparing the exact same types of plans in order to get the most accurate information. The sooner you do this, the sooner you can start saving cash that you can put into other expenses or that you can simply keep in a savings account.
Share22 February 2023
