Comments on: 8 Ways to Save on Auto Insurance

By: RJ Weiss

RJ Weiss — Wed, 10 Feb 2010 20:20:37 +0000

I would add two more obvious ones.

1. Don’t speed. One little speeding ticket can cost you a few hundred dollars.

2. You can get a discount from the carrier if you place your home/renters insurance with them also.

Good list.

By: Mike Lutter

Mike Lutter — Wed, 10 Feb 2010 01:17:39 +0000

I agree with all of this, but especially points 5 and 3. First, drive a cheaper car. This is a no brainer… saves money all around.

But besides that, the higher deductible is important too. It’s not that often that you should be putting in claims, and really it should be for major collisions. If it’s a $300 scrape you should just pay it, you shouldn’t be worrying with making a claim. You pay a significant more amount of money to have a low deductible, the way it works is that you are basically forking a bunch of money over to the insurance company to give you back if (and only if you ever) make a claim. If you can afford to fork over that cash to the insurance company, you can afford to beat a $500 deductible when the time comes. By having a higher deductible, you get to keep your money and earn interest on it, instead of giving it to your insurance company to hold and possibly never give you back.

By: PaydayLoner

PaydayLoner — Tue, 09 Feb 2010 01:14:43 +0000

Another tip that somebody told me about: If you’re not required by law to carry uninsured or underinsured motorists coverage, find out if you’d do okay without it. She asked her insurance company and they told her that if someone without insurance hit her, as long as she had her own health insurance and collision insurance, she could be covered by those for damage to her car and her own medical bills, so it would be duplicating coverage. Worth checking into, to see if you could do without.

By: pays to live green

pays to live green — Thu, 04 Feb 2010 19:23:12 +0000

I am currently with geico and it really sucks they don’t provide a multi-policy discount. I am going to check with a few others to see if I can get a better deal.

By: Ekonomix

Ekonomix — Wed, 03 Feb 2010 12:02:45 +0000

Nice post. I was about to renew my insurance. Thanks for the tips Ekonomix Turkish Economy Blog

By: Credit Girl

Credit Girl — Tue, 02 Feb 2010 16:14:47 +0000

One of the most important things about insurance in general is that you must always shop around because after a year or two of renewing the same policy, we can get too comfortable and when that occurs we’re missing out on some big savings! And it’s so true that if the car is older, two way coverage isn’t necessary… Simply taking that off, one can save so much more money on insurance.
Here’s a site that helps you find good insurance rates. Check it out here:http://www.goinsurancerates.com/

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By: pays to live green

pays to live green — Tue, 01 Sep 2009 13:53:32 +0000

So many people have high insurance rates because they don’t take the time to access what their cars actually need. I have known people who carry comprehensive coverage on really old cars and for what reason I have no clue.

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