Is there really such a thing as a cheap car insurance company?
Cheap and car insurance don't seem to be soul mates of
compatibility. Insurance has a lot of responsibility and a lot
of expense. I'm not sure that cheap can ever happen unless the
whole world stopped having accidents. Reasonably priced might be
your best alternative description when looking for low cost car
insurance. A lot of people consider car insurance a necessary
evil until they have to use it and then the attitude begins to
change. Insurance is one of the most humanitarian legal
agreements you will ever purchase. We are really all
collectively covering each others assets. That is the purpose of
insurance. It is society protecting itself from itself. Alright,
that was our little mental health talk about insurance. How do
we get the lowest rate?
Cost Savings Ideas
1. Buy Multiple Policies - Auto and Homeowner policy
combinations always give you discounts. Auto and renter policies
do the same.
2. Buy Higher Deductibles - low deductibles are a thing of the
past. High deductible insurance is now known as self-insuring.
Higher deductibles of $500 or more make a lot of sense because
the savings year in and year out will save the insured thousands
of dollars over the lifetime of the policy.
3. Take limited Tort - If you are in a state that has tort
options then you can discount your overall policy 20% or more by
choosing limited tort. The tort option is your right to sue for
pain and suffering. This is additional money awarded you for the
inconvenience of the accident. You may have lost three months
work. The suffering and time spent on rehabilitation are what
this option is all about. Limited Tort allows you to sue for a
limited amount of injury and suffering. These limits are state
specific. Contact your agent or insurance company for definition
of full tort and limited tort.
4. Non-Stacked Uninsured and Underinsured Motorist Coverage -
Stacked coverage will add up. Every car that you own is
multiplied by the base limit. Buy non-stacked and save money.
Make sure that your base amount is adequate.
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