Few things are more important than having the right insurance coverage. About ten years ago, I was involved in a near-fatal crash where I experienced traumatic physical and emotional injuries. It was really challenging for me to endure the hospital stay and subsequent physical rehabilitation, but with the help of my medical team and my insurance company, I was able to overcome the challenge and completely recover. This blog is all about the importance of choosing the right insurance plan so that you can get on with your life and enjoy those precious years with your family and your friends.
If you are interested in reducing the amount of money you spend each month, you might want to start with cutting down on the cost of your auto insurance. You can still have a good insurance plan without having to spend as much every month. To help you get cheaper car insurance, you will want to spend a little time checking out the following suggestions.
Have The Rental And Towing Reimbursement Removed
If you take a close look at the coverage that you have, you might notice that you have a rental car and towing reimbursement that you are eligible for. Of course, you are paying a monthly fee for that reimbursement. If you find that the reimbursement amount is not that much and you are unlikely to need it in the near future, you are going to want to have that part of the coverage dropped. This will make your policy more affordable.
Add A Security System To The Vehicle
If you add a security system to your vehicle, and provide your insurance company with proof that it was purchased and installed, you might qualify for a discount. That discount will make the insurance bill a lot easier for you to afford. Not only that, but you will find that with the new security system in place that you are going to have more peace of mind since it will be much more unlikely that anyone is going to break into your vehicle to steal it.
Drop Your Policy To Limited Coverage
You may not be able to do this if you are still making payments on the vehicle since the lenders will want to know that their investment is protected should anything happen to the vehicle. However, if your vehicle is yours, without any liens attached to the title, then you can opt for limited auto insurance coverage, which is a much more affordable insurance coverage. You will still have the state minimum required insurance, but you will not be covered for repairs to your own vehicle should you cause the accident.
With those few suggestions in mind, you should find that it is going to be a lot easier than you might have thought. Of course, to finally get that lower price, you are going to have to make sure that you are taking action now. The sooner you make some, or all, of the suggested changes mentioned previously, the sooner you can start saving money on the cost of your auto insurance.
Share29 September 2019
