Life is just expensive, and auto payments and insurance are one of the biggest monthly costs people have outside of housing. Wondering how to save money on car insurance? Here are some tips that can help cut your bill:
Go Shopping
Prices can vary dramatically from company to company, so get several quotes. It’s easy to do online and with a few phone calls. Some state insurance departments publish price guidelines, which is helpful for comparing to see if you’re getting legitimate quotes.
Weigh Your Options
The reason you have insurance is to protect yourself in the event of an accident. Medical bills and legal fees can be astronomical, so consider how much coverage you need carefully. It’s more important to have enough coverage than it is to carry a low deductible, which is more costly. Tweak your quotes to see how much coverage you can get, while at the same time raising your deductible.