Auto Insurance: Reduce Costs But Maintain Protection
Monday, October 6th, 2003Auto insurance is a legal requirement in every US state and Canadian province. Costs are continuing to rise. How can you reduce some of these expenses and still get the best coverage?
First, get multiple quotes from the Internet and your neighborhood broker. You can shop for different types of quotes from a direct-sell insurance companies and offline and online brokers.
Auto insurance that is cheapest isn t always the smartest move. Ask yourself, is the company financially secure? Are they reputable and will they pay out if you have to make a claim.
The first piece of the policy is almost always liability insurance. If you only have minimum liability coverage and you injure someone, their attorney can go after your personal assets. Many insurers feel that minimum liability is a gamble. In fact, that is why it is often only a little more money for more protection.
Auto insurance varies on car types. Coverage for a sports car is very different from insuring the family sedan or mi (more...)
