Premium prices on auto insurance are a killer. Nobody enjoys paying more than they need to for insurance, so here are some ideas on ways to save some cash.
- Raising your deductible can save you plenty of money, if you are able to cover said deductible when and if you are in an accident.
- Skip the collision insurance if your car is worth less than 10 times what you’d pay in a year for the collision insurance. Need to know what your car is worth? Got to kbb.com to find out!
- Check into other discounts that your auto insurance offers, like good driver discounts and good grades for teens. Another option to check into? Combining home owners insurance and auto insurance at the same company can save you money too!
- Check around and compare prices at insweb.com. You might be able to lower your rates by up to $300 less than what you’re paying now!
Good luck! If you have any other ideas that could help lower auto insurance, feel free to share them in the comments section!!
Tags: Budgeting, Discount, Financial planning
