Save on Car Insurance Car insurance can feel like a burden when that bill comes each month, or 6 months depending on when you pay. No one wants to have to put the money out each time, until it is the time when you need it. Car insurance can keep you from facing a large expense in the case of an accident, and also keep you from having your car impounded or fined for not having car insurance. If you hate having to pay that premium each cycle, there are ways to decrease the amount you owe in car insurance each month.
1. Don't carry collision and comprehensive coverage on old cars: When your car is in an accident, if you have collision and comprehensive coverage on your car, the insurance company will pay you what the car is worth if it is totaled in an accident. The problem with having collision and comprehensive coverage on an older car is that the value of the car is rarely worth the amount you are paying for the coverage. Since the insurance company has a way of figuring out the value, think about if this is an option that you need on your car.
2. Comparison Shop: Just because you used to be an insurance company that offered the best rate, doesn't mean that they still offer the best rate. Some companies simply charge more than other companies. Call your insurance company and have them run your policy rate. Then call other companies to see if someone else might offer a cheaper rate. Check around and see where you can get the best deal.
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