How can I save money on car insurance while maintaining safe levels of coverage?
Choose the right car: Before you buy a car, check with your agent to see how much the rate for the car you have chosen will be, and if the premium and the car payment fit your budget. Choose a higher deductible: Your insurance premium can be decreased if you increase your portion of the risk. Raise your collision and comprehensive deductibles from $250 to $500 or higher to save money each month. You do need to be aware that you will have to pay the higher deductible any time you use these coverage so be sure to have an emergency fund that is at least equal to your deductible. Take advantage of special discounts: Ask each company what special discounts it offers. Discounts are available to young drivers who are good students or have taken a drivers’ education course. Discounts are also available to seniors who take the “55-Alive” program offered by many organizations in the state. Eliminate duplicate coverage: You may have an overlap in coverage, such as medical coverage and health care
