If you’re like many people, trimming your budget is a necessity in this tough economy. Making cuts in everyday spending is a good place to start, but did you know you could be shelling out a lot more cash than you need to each month to protect one of your largest assets?
If you have a car, you must have auto insurance. Primerica, the largest independent financial services marketing organization in North America, offers three tips to trim auto insurance expenses and help you make the most of your hard earned dollars!
Tip #1: Downsize Coverage
Raising your deductible can save you money, just make sure you can cover the increased deductible out of pocket. If your car is at least five years old, dropping collision and comprehensive coverage could reduce your premium by 25-40%.1 (If you still owe money on the car, the lender may require you to keep this coverage.)
Tip #2: Bargain Hunt
Most common is the multiple policy discount, which can lower your rate 10-20%.1 Other discounts include safe driver, good student and cars with anti-theft devices. If you drive less than 10,000 miles a year, you could qualify for a low mileage discount.
Tip #3: Shop Around
Auto insurance is a highly competitive business and it’s to your benefit to shop around every six months. Simply comparing quotes could save you hundreds of dollars a year.2 Through Primerica Secure™, Primerica’s auto and homeowner’s insurance referral program, the average client saves as much as $478 annually!3 Primerica Secure does the shopping for you, and presents you with multiple options so you can make the best choice for your needs and budget.
To get started, or for more information, contact your local Primerica representative!
1 Kiplinger’s, September 2009
2 The Wall Street Journal, October 7, 2009
3 The average savings amount is based on a survey of insurance premium information provided by 567 purchasers of insurance from Answer Financial between January 1, 2009, and March 31, 2009.
Tags: auto insurance, bargain, car, finances, insurance, Primerica, Primerica Secure
Posted in Primerica |
