Auto Insurance Rates On the Rise
on: August 12, 2009, 6:12 am
may seem impossible to believe, but auto insurance can still be
affordable. Even though rates are rising in most areas of the
country, drivers don’t have to let their insurance policies
lapse in order to save money, according to a recently published
article on InsuranceAgents.com.
insurance rates rose 3 percent last year. In 2009, they’re
expected to rise another 4 percent, at least. In some areas (depending
on the carrier), they’re expected to rise even more. And
with many U.S. households suffering from grossly reduced incomes,
many drivers may be led to believe that affordable auto insurance
is a myth. But it may just require a little digging up to find.
According to the InsuranceAgents.com article, “Several
Tips to Keep Auto Insurance Premiums Low as Rates Rise,”
drivers who want to keep their auto insurance coverage need to
begin their search by figuring out what auto
insurance quotes are in their price range.
“The first step in beginning their search for low auto insurance
quotes is to figure out exactly how much they are willing to spend
on auto insurance. In order to do this, they will have to sit
down and budget their expenses,” according to the article.
This means having to calculate finances, like one’s income,
savings, expenditures, bills and debts, and miscellaneous expenses.
When trying to save money, the last thing one should do is drop
their insurance policies to simply save money in the short term.
This puts the former policyholders at risk for a huge financial
loss, and too often results in them losing thousands of dollars
in even minor events (like a fender bender in a car accident,
for example). Not to mention, driving without auto insurance is
against the law, in most states.
InsuranceAgents.com suggests other ways to save
money on auto insurance, including raising the policy’s
deductible, asking for discounts, driving less, practicing safe
driving, maintaining good credit, searching for auto insurance
quotes regularly, and also, figuring out the right amount of coverage
(under-insuring and over-insuring can both cost you too much money).
“[T]he key to getting the most out of savings and finding
the best coverage for a vehicle is by knowing how auto insurance
coverage plans works. And while it is tempting to get complete
auto insurance coverage for a vehicle, potential policyholders
should take time to think about coverage.”
Staff Contribution: Meha Ahmad
Visit InsuranceAgents.com for more information.
Contact Details: Tom Lustina
435 North LaSalle
614 286 0193