Save Money on Car Insurance But Don't Cut Corners
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Car insurance is a necessary expense, but how much you pay for it varies widely. Here are a few tips that cna help you save a great deal of money on your car insurance. But be careful. Save money, but don't cut corners.
1. Choose your car carefully before you buy. Some models are more likely to be stolen; others are expensive to repair. Insurance companies factor this in, so check with your insurance company to see of the model you are considering will raise or lower your insurance bill.
2. Check for disounts. Some insurance companies offer special discounts to people wiht a safe driving record, for safely features in your car (such as anti-lock brakes or airbags), or if you belong to an auto club or veteran's or other association.
3. Increase your deductible. Your premium will be lower if you raise the amount of money you have to pay before yoru insurance covers a claim. That means if you have an accident, you will pay more out of picket, but if you're a safe driver with few claims, you'll save.
4. Shop around. Comparison shopping for auto insurance can save you hundreds of dollars a year. But, be aware to shop "apples to apples". Don't just shop for the lowest quote. Try an independent agent who can get quotes from different companies.
5. Don't be penny wise and pound foolish. Insurance companies would probably be surprised to hear me say that most people don't have enough insurance. I see innocent victims in automobile or car accidents who are severly hurt by someone who had only minimum coverage or even no insurance coverage at all. Make sure you get enough Uninsured (UM) and Underinsured (UIM) motorist coverage and medical payments coverage. Uninsured Motorist protects you when you get hit by someone who does not have any insurance coverage. Underinsured Motorist coverage protects you when you get hit by someone who has very little coverage.
There are significant differences in automobile insurance between Indiana and Kentucky, so make sure you deal with a local agent who understands what you need.