Some advice makes sense for certain situations, but would not be a good idea for every family in America! Of course, my first tip is to evaluate our individual situation and find a good local insurance agent! One tip that may save you money in the short run may end up costing you more in the long run because you have cut out some valuable coverage.
Think about your own needs, and the amount of risk you are comfortable with.
Then shop for deals, and consider a few bits of advice! It is a myth that you will have to pay more because you use an agent.
My Top Five Tips Consider Raising Your Deductible.
According to the Insurance Information Institute, you can save 15 to 30 percent by raising yourdeductible from $200 to $500.
If you can afford to spend the extra money if you did need to cover an accident, you will probably save the $300 difference in the course of a few months! Watch "double coverages".
For instance, if you have a service like AAA, you will not need to carry roadside insurance on your insurance policy.
On the other hand, if you carry rental car coverage on your car insurance, you probably do not need to purchase insurance at the rental car counter.
Evaluate your coverage every year or so.
Your past accidents or tickets may have "rolled off" your record.
In other words, enough time may have passed so you can earn a good driver discount.
Even if you have a recent ticket, your car insurance company probably offers a break if you take a defensive driver course.
Here's one tip I'd be careful of.
Articles frequently advise motorists to drop collision coverage on older cars, especially if the car is paid off.
Collision insurance, which covers your car in the event an accident is your fault, is usually not that expensive.
Consider the replacement value of your car, and not just the book value.
If you cannot afford to buy another car, I would suggest keeping that part of your coverage.
Consider discounts for insuring your home and car with the same company.
Some companies also offer a multiple car discount.
These discounts can add up and save you hundreds of dollars in premiums every year.
Again, evaluate your own situation.
The advice of an experienced insurance agent who wants to keep your business over the long term is invaluable.