Category Archives: car insurance coverages

3 Ways to Lower Your Car Insurance Premiums

Insurance premiums are a major expense for everyone. One of the largest portions of your insurance burden throughout the year is automobile coverage. While it is a necessary evil, there are ways to control the premiums to some extent. Here are three potential ways to save some money on your car insurance.

  • Consider raising your deductible. Many of us have the lowest possible deductible because it is easier to to spare, but it can cost you as much as 30% more to have that low out of pocket expense.
  • Do not over insure older cars. Have you paid off your used car already? If so, it may be time to lower the coverage on that vehicle to liability only. If the value of your car is low, you may also want to consider paying for lower coverage amounts. You can read all you need to know about used car loans here.
  • Comparison shopping is probably your best tool. Start with your current company and ask them about any discounts that you may not be receiving, then compare their rates to at least three different competitors. Be sure that you are asking about comparable coverages before you switch, though.
  • Many people think that they have to pay the rates they are currently locked into, but following these three simple tips could save you hundreds of dollars each year.

This guest post was provided courtesy of, a leader in online auto financing services.

Insurance Bundling Just Makes Sense

Image via Wikipedia Many people buy their different insurance policies from whichever company offered the lowest premium at the time. That may have saved money on the front end, but does not make long term sense. Here are a few reasons the bundling your insurance is the most sensible route. Many insurance companies offer discounts…Continue Reading

Is Your Car Covered For Hail Damage?

Auto Insurance For Hail Damage Many severe thunderstorms can bring hail. If you have a homeowner’s policy, it will cover damage from hail as a normal part of the coverage. Your car may be a different story. Unless you have comprehensive coverage, your car most likely is not covered for hail damage.Comprehensive insurance covers more…Continue Reading

State Farm Tinkering With Its Pay-As-You-Drive Program

State Farm, as well as several other insurance companies, has introduced its version of the pay-as-you-drive program called Drive Safe & Save. It is normally monitored through your OnStar program, but the insurance giant is looking for ways to make it available to a wider variety of customers. The company does not want to get…Continue Reading

More Pay-as-You-Drive (PAYD) News

The Office of Financial and Insurance Regulation in Michigan recently released a bulletin stating that insurers in the state could write policies that are based primarily or solely on a buyers driving habits. While the pay-as-you-drive(PAYD) policies are not offered in Michigan yet, it brings an interesting issue to light. Are PAYD policies the wave…Continue Reading

Do Not Neglect Your U/UIM Coverage!

U/UIM is not a term most insured drivers are familiar with, but it should be on every policy sold. Maybe you are more familiar with the words uninsured/under insured motorist insurance (U/UIM). If you are not familiar with this insurance, you need to ask your agent. Uninsured and under insured motorist insurance can protect you…Continue Reading