| There are a couple of changes
you can make to your auto insurance coverage that could save you
hundreds of dollars. These include:
Increase your deductibles - Auto insurance companies
give significantly lower premiums for having a higher auto insurance
coverage deductible. You will be paying more out-of-pocket for each
auto insurance claim, but you are rewarded with lower premiums.
Lower coverage limits - By lowering your auto
insurance coverage limits on bodily injury, property damage and
uninsured/underinsured motorist bodily injury, you could lower your
auto insurance premiums. While you reduce the risk the auto insurance
company has to pay, your protection decreases. Drivers should balance
their risk tolerance and affordability.
Limit optional coverages - Determine how often
you will need optional auto insurance coverages such as towing,
collision and comprehensive coverage on older cars, rental car reimbursement,
roadside assistance coverage, and others. You could save money on
you auto insurance coverage by paying out-of-pocket for these occasional
charges.
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