Wednesday, April 18, 2012

Financial IQ: Saving on automobile insurance

Red Lamborghini Gallardo, to be used as an icon.Red Lamborghini Gallardo, to be used as an icon. (Photo credit: Wikipedia)Financial IQ Philippines Quick Hit(s):

Another way to save on your automobile insurance, is to acquire the automobile insurance through yourself and earn the commission personally.

Aside from the cost, remember to include "Acts of God" to your automobile insurance.


Do you think you're spending too much money on auto insurance?


First things first: Take stock of your current policy.


Susan Voss, president of the National Association of Insurance Commissioners (NAIC), says the best thing you can do for your wallet is to re-examine the details of your auto coverage once every few years.


"Because factors like the age and condition of your car, as well as your driving record, can change, you may find that you're overpaying now for a policy that was reasonable two years ago," says Voss.


Keep reading for more tips on how to stop wasting money on your auto insurance policy.


Tip #1 - Comparison Shop
Tip #2 - Consider Bundling Your Insurance Policies
Tip #3 - Increase Your Deductible
Tip #4 - Ask About Discounts
Tip #5 - Don't Over-Insure Older Cars
Tip #6 - Drive Less

http://education.yahoo.net/auto-insurance/articles/how_to_avoid_wasting_money_on_car_insurance.htm?kid=1L3VJ
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