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Car Insurance Matters


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Car Insurance Matters

I still remember the day that I drove off of that used car lot with my first car. In my excitement to show off my new ride to my friends, I smashed my car into a telephone pole. Although I can laugh about the accident now, it was devastating at the time. In addition to completely destroying my reputation, I also had to deal with the expenses that were involved with the wreck. Unfortunately, I hadn't purchased car insurance, so I had to foot the repair bills on my own. After getting my car fixed and thinking about my actions, it was very clear to me that I needed to invest in a car insurance policy. I decided to learn as much as I could about insurance, and that is one of the reasons that I decided to become an insurance agent.

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3 Tips For Getting Low-Cost Insurance

The most efficient ways for keeping yourself protected is by having automobile insurance in place if you own a car. This will reduce or eliminate your out-of-pocket expenses if you're involved in a collision. It's ideal to work to decrease your costs of staying insured by finding ways to lower your premiums. By knowing tips that will aid you in reducing your insurance, this can be ideal for you.

Tip #1:  Review your policy

It's in your best interest to review your policy annually. This can enable you to spot changes that need to be made, and this can allow you to save money over time. 

For instance, if you have a car that has comprehensive insurance on it, but is getting older, you may be capable of dropping this expensive coverage and getting a basic liability policy.  This can save you a lot of money over time.

Tip #2:  Ask about discounts

Many insurance companies will provide substantial discounts for various things that you may not be aware of at the time. You should consult with your insurance provider about this to determine what you may qualify for to reduce your overall costs.

Listed below are some reasons discounts may be provided:

1.  Age-related discounts, such as being a senior driver.

2.  Multiple policy discounts.

3.  If you have a teenager that's driving, and this person gets good grades, this can lower your costs of insurance.

4.  Driving for a certain amount of time without being involved in an accident can enable you to get lower insurance rates.

Tip #3: Increase your deductible

If you want to see an immediate decrease in your auto insurance premium, you should consider increasing the amount of your deductible. This can enable you to save money over the course of your policy.

When you pay the deductible, this will ultimately save your provider a substantial amount of money and some of this savings is passed on to you. Be sure to have this amount of money in a checking or savings account where you can get to it quickly.  Any claims that you file won't be paid till the deductible has been met.

The key to reducing the amount of your insurance is by doing certain things. You can have lower rates with the right amount of effort. Be sure to consult with your insurance agent, like Cache Valley Insurance Inc, for additional ways to reduce your overall coverage costs.