Comments on: 3 Ways to Save Money on Car Insurance Today

By: Millie Hue

Millie Hue — Tue, 16 Oct 2018 02:21:57 +0000

It really helped when you said that raising the deductible will make the insurance company lower the premium. I will share this information with my best friend since he will be buying one for the first time. This will help him a lot since he is on a limited budget because of buying his car right after getting a new house.

By: James

James — Tue, 03 Apr 2018 15:06:56 +0000

My wife works for an insurance company and one thing that seems to crop up a lot is people thinking that their insurance will go up if their insurance company “finds out” about an accident. This makes them file 3rd party, which makes everything take longer. A) Your insurance company will certainly find out. B) If you’re not at fault, your rates won’t go up. C) Wouldn’t you rather file with your own company, who is more likely to fight on your behalf?

By: Peach

Peach — Thu, 09 Jun 2016 17:45:52 +0000

In reply to Diana.

Hi Diana,

Thank-you so much for your comment and adding some really great points to this article. I appreciate you taking the time to do this and for providing value for everyone! You rock 🙂 Thanks again!

By: Diana

Diana — Thu, 09 Jun 2016 00:31:52 +0000

Being an insurance agent I appreciate this information. Things to consider when choosing liability limits and deciding on an umbrella policy would be a) what is your net worth ( do you have investments, own a home, have a retirement account you pay into) b) what is your level of risk? (Do you have a youthful driver, are you a youthful driver or do you drive a very large vehicle that can do some serious damage) and lastly, what are your driving habits? Do you take your car out for only quick trips but mostly use public transit or are you a heavy duty commuter that is exposed to being in an accident more frequently? Also, people will tend to carry low liability on their auto policy to help with cost and huge amounts of liability on their home or renters policy, DO NOT do this! Keep liability limits similar across all policies to avoid coverage gaps to protect you financially! Shop on! 🙂

By: Charles Ludlow

Charles Ludlow — Mon, 11 Apr 2016 16:14:07 +0000

Yeah I’m with Jason on this – I am completely new to insurance shopping and had no idea what the 100/300/100 (and similar terms) meant. Thanks for explaining!

By: Jason Strong

Jason Strong — Fri, 18 Mar 2016 20:45:38 +0000

My dad just told me that I’ve been kicked from his insurance and need to start finding my own. I never realized how much goes into this process and I honestly have no idea what I’m looking for. This helped me understand the basic terminology of it and I hope that I can use these to help me find a good provider and save money during the process as well.

By: Alex Trodder

Alex Trodder — Thu, 17 Mar 2016 20:31:11 +0000

I like your tip about having an umbrella policy for your car insurance. Where I grew up, flooding was really common in the spring. An umbrella policy can help protect your vehicle against flood or water damage. Check your region for potential risks and make sure that you have them covered should the worst happen. Thanks for your post.

By: Sam Fisher

Sam Fisher — Wed, 13 Jan 2016 19:13:01 +0000

Great information here! One of the things I’d like to point out is how you mentioned to shop around every two years. I think that is a great idea to compare your current rate with other companies on the market. Plus, if others offer lower rates, you could see if your current company will match or beat their competitors rate. I’m all for saving money and doing that should work well!

By: Jazmine

Jazmine — Thu, 03 Dec 2015 00:32:38 +0000

I have several cars and been using different car insurances from different companies and yes they have good offers but I am planning to transfer them and focused on to 1 company so that I have them all intact. This post is such a big help. Thanks!

By: Peach

Peach — Thu, 22 Oct 2015 21:27:40 +0000

In reply to Jenkins Leroyson.

Jenkins,

Since you are raising your deductible, you are then taking away some of the risk from the insurance company and placing it onto you. Always do a break-even analysis, meaning this: Compare how much more risk (deductible) you are going to take on yourself and compare that to how much money you will save. If it takes you a year to break-even, it may be worth it. If it takes you 5 years (no accidents) to break even, I probably would shop around.

Good luck Jenkins 🙂