Auto Insurance: How Much Would You Save?
Friday, August 30, 2013, 1:00 AM | Leave Comment
We’re always happy, when there’s a way to save money on some things, like mortgage or purchasing coverage. It requires a lot of time and work to look for all the insurance companies and choose the one that has the best offers.
So, let’s figure out some simple tips to make this process go faster:
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Don’t pay extra!
Do not ask your agent what type of auto insurance you should have. You might end up with one, which has coverage you don’t really need, but eventually you have to pay for it all.
Remember, that an insurance company will never be able to replace your car in case it cannot be repaired, so it’s a bad idea to take full coverage for older vehicles. Better to have this money saved in case there’s going to be a bad accident, where there’s no other way than buying a new car.
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Deductibles are important!
Did you know, that deductibles influence on how much you need to pay for the insurance. The rates could be low, if you have high deductibles. It’s significant you have money for deductive amounts that you choose. Having them increased just by $100 will be useful, because there’s going to be less of premiums to pay.
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Low risk – high safety!
Surely, safety has to be above everything! If you’re an owner of a nice car, that might be attractive to robbers, will get you high safety rates. That’s what you want to.
However, if your car has a high risk of getting into an accident, which might require extra money on repair costs, you should trade on some low-rate vehicle to save on insurance.
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Roadside assistance might be a good idea
Today a lot of insurances should include roadside assistance, it can cost something to you or it can be free. This option is recommended, because it is really necessary sometimes.
This service might not be comfortable for the insurance company itself, because they get claims and they will make you pay more of premiums. But fortunately, you can get this service though AAA.
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Avoid Medical Coverage
There’s no need to pay for this option at all, if you already have a health insurance from your employer. Make sure though that in case the accident happens, your health insurance will cover all the costs. After, connect your car insurance policy with your health insurance one.
These tips are one of the effective ways to save money on. If you’re going to be responsible and eager to insure only what you need, you will have just minimum to spend.
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