Six Secrets For Saving On Car Insurance

In the current economic climate, many people are taking another look at their lives to cut spending. Even if your job and business is still intact, the rather unstable stock market and low-interest savings accounts call for setting money aside for emergencies and retirement plans. One bill we cannot eliminate is our car insurance.    But the better news is that we can reduce it, saving money without sacrificing coverage quality. Here are six (secret) insider tips your own insurer probably hasn’t shared with you:

Pay ahead of time — Ask if you can save money by paying for six to 12 months of your annual car insurance in advance. If you have a monthly payment plan, you may be paying more, as the insurer needs to spend more to send out monthly bills and collections. Some insurance companies will offer discounts for purchasing longer periods of coverage to ensure that you will continue your coverage with their company. Read more . . .

Death To The Uninsured?

Should they be banished to the dungeon? Beheaded? Forced to watch re-runs of “Benny Hill?” Maybe those punishments are too cruel, but 63 percent of Britain’s drivers believe that those who drive without insurance should be punished, and they don’t hold out much hope that the offenders will change their evil ways. Only 31 percent of those surveyed believe offenders should be rehabilitated, according to research conducted by leading motor insurer Co-operative Insurance Society Limited (CIS). Read more . . .

Car insurance By The Mile

Drive less, pay less.It seems to make perfect sense, doesn’t it? If you drive less, you pay less for gasoline and for maintenance items like tires, so why shouldn’t you pay for your auto insurance in the same way? There is a simple, beautiful logic to it.

Don't hit me tag on car's bumper

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Now TripSense, a usage-based auto insurance discount pilot program, is being offered to 5,000 drivers in Minnesota by the Progressive group of insurance companies, the third largest provider of auto insurance in the U.S. Program participants are eligible to receive a discount of up to 25 percent depending on how much, how fast and when they drive.

“How fast?” Hmmm. How does that work?   Well, customers who register a vehicle in the TripSense pilot program plug a data-logging device into a port in their car, Read more . . .

You And The Uninsured Motorist

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Millions of people are driving around each day risking their financial future without knowing it.   Most are conscientious citizens who carry auto insurance, but they are not prepared for what can occur if they happen to be involved in an injury collision with an uninsured or underinsured driver.

Based on most U.S. state laws, these drivers expect the other driver’s insurance to pay for their medical bills automatically. But that is not necessarily what is going to happen. If you’re not careful, your life savings may end up paying for your medical expenses even if the accident wasn’t your fault.

How can this happen? All too simply. If the driver Read more . . .

Car Insurance Still Mysterious To Many

One thing that seems clear about auto insurance: drivers know they have to get it, but, despite that, they just don’t “get it.” When it comes to understanding auto insurance, a high percentage of the population has difficulty grasping the subject matter. And while you might think older drivers have a better handle on the nuances of car insurance than younger, less experienced drivers, the statistics say that’s fallacious.

In an online survey of 1,000 teens and 1,000 adults, the Progressive group of companies found that adults were no more Read more . . .