Choosing Better Insurance Coverage

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.

3 Tips To Help Lower The Cost Of Your Auto Insurance

Insurance Blog

Nobody wants to pay more than they have to for auto insurance. After all, while auto insurance may be a necessary part of life, there are far more enjoyable ways to spend any extra cash you may have each month. If you are unhappy with how much you are currently paying for your automobile insurance, you should know that there is some light at the end of the tunnel. This is because, with the help of the three tips below, it truly is possible to lower the cost of your auto insurance coverage.

Tip #1: Be Sure To Review Your Coverage Needs Each Time Your Policy Is Set To Renew

All too often people simply keep renewing the same policy over and over again without taking the time to determine whether or not their coverage needs have changed since they originally purchased the policy. This can result in people paying for coverage that they no longer need. For example, if your policy currently includes roadside assistance coverage and you now have this same coverage through your car warranty, you will want to drop this coverage from your insurance policy to ensure you are not paying for coverage you are never going to use.

Tip #2: Take Advantage Of All Discount Programs Offered By Your Insurance Company

Many insurance companies offer a variety of discount programs that you can participate in. Choosing to participate in these programs will allow you to qualify for a discount on your insurance premiums. The most common example of this is a safe driver program that allows you to qualify for a discount in exchange for allowing the insurance company to monitor and assess your driving habits via an app on your mobile phone. Taking advantage of programs such as this is a great way to save on your insurance without needing to make changes to how much coverage your policy offers.

Tip #3: Avoid Paying Installment Fees Whenever Possible

You may not realize it, but you are paying an installment fee each month if you choose to pay for your insurance policy per month rather than paying for it in full. These installment fees can significantly add to the overall cost of your policy. Consequently, it is always a good idea to pay for your policy upfront rather than choosing the installment option. If you cannot afford to pay for the entire policy upfront, consider paying this amount in two payments rather than paying monthly to save on convenience fees.

For more information on auto insurance, contact a professional near you.


11 November 2022