Shopping online is an easy way to find better auto insurance rates. They say “making the switch” is quick and easy… but is it, really? Simply walking away from an old provider could turn into a mess if you don’t follow all the proper steps to say “Hasta Lavista, Baby.” 1) Have A New Policy In Place. Ideally,…
Failing to plan for mechanical breakdowns is one of the quickest ways to find yourself in dire financial straits. While most of us purchase auto insurance to protect ourselves from a calamity, you will still want to consider mechanical breakdown insurance through your car insurer, dealer, bank or credit union. A standard auto insurance policy does not cover wear-and-tear…
Everyone is looking to save money these days. Taking just a few moments can save you hundreds — if not thousands — on your auto insurance policy. Here are five situations where shopping around for the best rates online is wise. You Just Got Married. In all your excitement about the Big Day and your Honeymoon,…
Auto insurance is not just based on your personal driving record. This revelation comes as a surprise to many, but it makes sense if you really think about it. An auto insurer is basically looking at how expensive you might be if they take you on as a client. Part of the expense is estimated…
When the summer weather hits, most people can’t help but daydream about taking a long road trip. Rather than put the miles on their own cars, they opt to rent a car for as low as $12/day. Yet, when they get to the rental company, they are offered on-the-spot auto insurance. This option is confusing…
We recently reported that auto insurance companies would be relying on driver data to determine how much to charge you for your premium. Yet, in the past, it could be a real hassle — requiring the installation of a special box in your car. Now State Farm and Ford are teaming up to turn your smartphone…
You’ve probably seen the commercials and heard people tell you to “shop around” for auto insurance. This sound advice could save you hundreds — if not thousands — on your premium. It’s recommended that you get at least three quotes. If you want to save even more, get six quotes. A 2004 Progressive Insurance survey…
There are many financial perks of marriage — lower taxes, access to employer benefits, better health insurance rates, and lower auto insurance premiums too. Most companies offer some type of discount for married drivers, although some companies may also offer cheap insurance for people who live together. States like California, Washington, Oregon and Illinois recognize “domestic…
In George Orwell’s 1984, all daily activities were overseen by a seemingly omnipotent being known as “Big Brother.” Telematics auto insurance seems like one step closer to “Big Brother” watching over us. Yet, on the other hand, telematics may also be the key to reducing the number of car crashes and also reducing our auto insurance…
Statistically speaking, younger drivers get in more accidents. Drivers under 24 account for 13.2 percent of all motor vehicle crashes, according to the Census Bureau. Worse yet, 13,957 of those crashes involving young drivers are fatal, and accidents are the leading cause of death for young people. So naturally, auto insurance companies will charge you…
Auto insurance can be ridiculously expensive if we let it! As we discussed yesterday, one person might be paying $585 a year, while another pays over $2,000! So what is a driver to do if he or she wants to chip away at these exorbitant prices? Strategies For Reducing Auto Insurance Premiums You could shop…