| Unless your standard mode of transportation is | | | | deductible on collision, $500 on theft, $500 on fire, |
| dogsled or a horse, you need to face the fact | | | | etc. Take a look at those deductibles and |
| that the need for auto insurance is always going | | | | determine what is more reasonable. The most |
| to be a part of your household budget. When you | | | | expensive one is going to be collision insurance. If |
| get a new car or a used car, one of the things | | | | you are financially well enough to be able to set |
| you will need to figure in when you are | | | | your collision deductible to say $1000 instead of |
| determining how much car you can afford is the | | | | $500, you could save a big chunk of money |
| cost of insurance for that car. Not surprisingly, the | | | | annually. The same goes for the other coverages, |
| auto insurance rates for cars of the same year | | | | but the one where you will notice the difference |
| and same price range can be radically different | | | | most readily is with the collision insurance. |
| due to safety factors inherent in the type of car, | | | | If you have a young driver in your household, you |
| which of course affects the insurance rate you | | | | realize that you are paying dearly to allow them |
| will pay. | | | | to drive with sufficient insurance coverages. You |
| There are several ways you can save on auto | | | | should check with your insurance company to find |
| insurance, and this article outlines several of those | | | | out about available discounts for your young |
| methods. Each person is different, with different | | | | drivers, since many now offer discounts for |
| needs and requirements in their household, so you | | | | students who have completed a safe driving |
| should evaluate each option to determine if you | | | | course, who maintain a B average in school, and |
| can save money with it, as well as whether or | | | | various other things. |
| not you are willing to assume the additional risk. | | | | You should also check with your insurance |
| One of the most common methods to save | | | | company to find out about multi policy discounts. |
| money on car insurance is not to over-insure | | | | For example, if you have your auto insurance |
| yourself or your car. If you have a car that is | | | | AND your home insurance with the same |
| totally paid for and is starting to roll 300,000 miles, | | | | company, many will offer a discount on both |
| it probably does not make a lot of sense to carry | | | | policies since you have multiple policies with them |
| collision insurance on that car, since the cost of | | | | for different things. |
| that additional insurance is probably costing you | | | | Lastly, be sure to shop around. Just because you |
| more than what the car is even worth. | | | | have been with ABC Insurance for 20 years is no |
| Another area to look at is the area of deductibles. | | | | guarantee that they still offer the best auto |
| The deductible amount is how much money YOU | | | | insurance rates. Do not be afraid to get an online |
| pay on a claim while the insurance company pays | | | | auto insurance quote, since you may find that |
| the remainder. You have different deductible | | | | these are generally very aggressively priced for |
| amounts for the different types of insurance | | | | the same coverage. |
| coverage. For example, you may have $500 | | | | |