by Guest » Tue Oct 28, 2008 06:58 am
My auto insurance premium has gone up over the years without even a claim filed under it. I know that it wouldn't be wise to drive without coverage, but is it possible to lower the premium without canceling the policy?
Posted: Wed Oct 29, 2008 01:47 am Post Subject:
Just make sure you compare apples to apples. If you have 50/100/50 now..make sure the new company quotes you the same. Too many companies will quote bottom dollar coverages just to get your business.
Posted: Wed Oct 29, 2008 08:47 am Post Subject:
However, don't you think that there is certain amount of risk involved in raising the level of deductible? As far I know, that higher deductibles mean higher out-of-pocket expense. It may offer immediate relief but may affect the budget of the individual at the time of requirement. Many of us aren't frugal with the expenses.
That's correct, but if going from a 250 to 500 deductible saves you say 150 a year in premium in two years you've move than made up the difference.Posted: Thu Oct 30, 2008 01:17 am Post Subject:
Thats really true...you just showed me this recently Lori...it makes sense.
Life...I did get the quotes and it is really good coverage..believe me I had the person outline the coverage details for me...Learned a good lesson the hard way.
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