If you're reading this, I'm earning money. Thanks for helping to feed my family. Please see our disclosure for more information. Also, any advice provided is for informational purposes only. I'm not a CPA, lawyer, or doctor, although my parents wanted me to be all three. So, talk to a professional before acting on anything you read below.
Because it’s illegal to drive without car insurance, this is something that most people are familiar with procuring. Since it can be a hassle to go through the process of getting your car insured, most people aren’t looking for reasons to switch their insurance around a lot. But if this is something you’re willing to do, you might just find that you’re able to save yourself a lot of money in the long run. So to help make this process a little easier on you, here are three tips for changing your coverage or getting new car insurance.
Always Shop Around
When you’re looking to get new insurance, the best thing you can do for yourself is shop around. According to Lisa Smith, a contributor to Investopedia.com, there are quite a few websites out there that will do a lot of this work for you. In some instances, you will have to call someone and speak to them directly to find out the information you’ll need to make an accurate comparison. But if you do your due diligence at this part, you should be able to find a insurance carrier that will give you the coverage you need at a price you can be happy with.
Adjust Your Deductibles
If the reason you’re taking a look at your current car insurance is so that you can save yourself a bit of money, one of the first things you should consider adjusting is your deductible. Generally, you’ll have a deductible for things like comprehensive and collision coverage. According to Tobie Stanger, a contributor to Consumer Reports, collision coverage is for when you get in an accident with another vehicle while comprehensive is for theft or damage. By raising your deductible on these coverages, you’re stating that you’re willing to pay more money out-of-pocket before your insurance will start picking up the costs. While this might costs you more in a one-time chunk of money, it could also mean having lower monthly payments. So if this is a risk you’re willing to take, consider raising your deductibles to keep more money in your pocket each month.
Check For Any Available Discounts
Another thing you should consider when changing your car insurance is if the carriers you’re looking at offer any discounts. According to Edmunds.com, many car insurance companies will offer discounts for things like having a good driving record, driving the safer type of vehicle, having a particular job or group affiliation, or getting more than one type of policy with them. Before you make the final decision on which carrier to go with, make sure you weigh all of these variables along with the cost and coverage to find the absolute best option for you.
If you’re wanting to save money by getting a new or different car insurance policy, consider using the tips mentioned above to help you get the best option.
Types of Carsharing Services
Top Tips For Dealing With Low Moods
Stand Up and Speak Out! Five Methods of Delivering Your Presentation
How to Invest in the Best Fire Extinguisher
A Guide To The Costs Of Buying Property In Malaysia
Expenses That You Didn’t Know You Might Have To Pay Some Day
Investing In Safety Can Save You Money
How to Avoid Asking Friends and Family for Money
Please log in again. The login page will open in a new tab. After logging in you can close it and return to this page.