(2) Drop Unnecessary Coverage On Older Cars
It is a very significant step in slashing car insurance cost quickly. If you are driving an older car whose worth is less than $1,000 or even less than 10 times the cost of premium then purchasing collision & comprehensive coverage doesn’t make any sense.
You can easily slash your car’s policy premium up to 20% or more by just dropping of unnecessary coverage. You can determine your car’s value through auto dealers, banks, & even online websites like Kelley Blue Book.
But make sure that you keep your auto liability coverage. However, you should not forget to review your coverage at regular intervals. You can also consult with your financial advisor & agent or even insurer.
(3) Ask For Discounts
It is one of the great ways to cut your auto insurance cost quickly. Several insurers provide attractive discounts on insurance premiums on cost-cutting measures.
Some of the cost-cutting measures include insuring home & automobile from same insurer; insuring more than one vehicle; installing antilock brakes, air bags, automatic seat belts, security alarms or antitheft devices; driving a lower than average number of miles per year; adopting car pooling; completing a defensive driving course or driver education course; being a college student away from home; being a member of professional, business or alumni associations & even if you have no accidents or moving violation in 3 years.
These cost-cutting measures can significantly keep cost of your policy down up to 15% or more. You just need to ask your financial advisor & agent for available discounts.
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