Rates can vary dramatically: One study showed that the cost of auto insurance
for a motorist with a good driving record can range from $217 to $804.
The editors of Consumer Reports recommend that consumers do a yearly rate check
of their auto insurance. It takes only five minutes, and the average consumer can save
$1,000 to $2,000 over a five-year period.
Don't Skimp. Attending to
your insurance needs is a chore, but going bankrupt from skimping on it
is even worse. Unexpected disasters can and do strike;
being uninsured can make them unmanageable.
Right-Size Your Insurance Now
Don't Overpay. Smart shoppers can often cut
their costs in half. Here's how to save:
Insuring multiple cars with the same company will save up to 30%.
Dropping collision coverage will save 15-30% (at least raise your deductible.)
Dropping comprehensive coverage will save up to 15%: A visible
anti-theft device is good enough protection.
Comparing rates can really save a bundle. Ever
merged with Quicken Insurance, it's become the
best one-stop place to compare rates from many companies. The whole
process takes about fifteen minutes.
This subject is too deep to cover here, so we suggest you get
the free Special Report The World's Best
Consumer Tips (see the signup box to
your right.) We'll go over the worst insurance
traps and show you how to right-size your
insurance. You'll also receive tips on how to save
money when insuring your life, home and health.
A study by the Consumer Federation of America and other consumer groups
concluded that the insurance industry is piling up the highest
profits in 50 years, while coverage has been cut back in many cases. The
only way to know is to check.