In today's economy we are all looking to stretch each and every dollar. While, the economy in Shawnee, KS remains strongs we can all benefit from reviewing our insurance policies to make sure we are maximizing our dollars.
Ten strategies to reduce automobile insurance premiums
1. Reduce coverage on older vehicles. If your car is old and paid for, consider eliminating collision coverage, which pays for any damage you cause to your vehicle.
2. Use one insurance company. Group all of your insurance policies -- automobile, home or renters, etc. -- at one company to earn a multiline discount.
3. Raise your deductible, the amount you pay out of pocket when you make a claim. The difference between a $250 deductible and a $1,000 deductible can be substantial. Decide how much you can afford to spend out of pocket, and adjust accordingly.
4. Get a quote before you buy a new vehicle. Some models cost more to insure.
5. Drive carefully. Safe drivers are rewarded with lower insurance premiums. Avoid speeding and stay out of accidents.
6. Drive less. Are you an infrequent driver? Then tell your insurance agent about it. Less time on the road means less opportunity to get into an accident, which often translates into a lower premium.
7. Seek teen driver discounts. Ask about a good-student discount if your teen carries a B average, then check to see if a safe driving course could result in a second discount.
8. Skip monthly bill pay. Avoid add-on fees by asking to be billed every six or 12 months instead.
9. Skip roadside and car rental coverage. Your auto insurance probably comes packaged with a lot of extras you don't need -- roadside assistance and car rental coverage being two possibilities. Go over your insurance policy carefully and remove any coverage you don't need.
10. Improve your credit score. Many insurance companies now use your credit score as part of the criteria for determining the cost of your insurance premium. To ensure the best deal possible, pay your bills on time and contest any errors you find on your credit report.
Besides insurance, what are other ways you have found to make your dollars stretch?
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