When you first took out your car insurance policy you might have decided to go for low deductibles. That might have seemed like a good idea to you at the time, but you might not have known that by choosing higher deductibles you can actually save money on your car insurance premiums. Change your deductible to the highest you can possibly afford and your insurance premiums will go down.
Make sure that you keep an amount of money saved that is equal to or higher than your deductible so that you will be assured the money is available if you ever need it. If you own an older car that isn’t worth very much then you can save money by dropping your collision and comprehensive coverages.
Tuesday, July 21, 2009
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