Reader’s Question:

It seems that car insurance policies have become more expensive these days. I am not exactly in the best economic state so I am having troubles looking for a very cheap car insurance. What are the things I should do to lessen my expenses on car insurance?

Greg

Miami, Florida

There are some ways for you to score very cheap car insurance. Probably the simplest way of reducing your insurance rate is to increase your insurance deductibles. For instance if you go for a $1000 deductible, that can translate to reduction in your premiums by as much as 20%. In case you opt for this method, make sure the cash that you saved is put into an account that will be paid for the deductible in case you encounter any vehicle mishap.

You should likewise check your car records. Even if you have an immaculate driving record, if model of your car is expensive or highly popular may make it difficult for you to get a very cheap car insurance. Cars that are usually stolen as well as those with bad crash test rates are usually charged with high insurance premiums.

You should also consider getting an insurance policy from the same company that handles your life and health insurance coverage since most firms offer discounts to individuals having various types of insurance policies.