Let’s face it; auto insurance companies don’t want to hand out big cash payouts to you if you are in a car crash, or if your vehicle gets stolen. And as consumers, most of their customers make it relatively effortless for them. Most people never read the fine print; neither do they take the trouble to understand their insurance policy and its associated cover.
Here are some tips to help you save a lot of money on your auto insurance bills.
Request higher deductibles
In the event of a crash, the deductible is the amount of money you have to come up with before your auto insurance company does. Increasing your deductibles from $200, to $500 can save you 15 percent of the cost of your collision and comprehensive cover. Push it to $1,000, and you save a whooping 40 percent! This practice makes a lot of financial sense to … Click here to read more