Save Money On Car Insurance

Any way that you can reduce a recurring expense can help you put money into an emergency fund or investment account. Just saving $25-$50/month can add-up over a few years and car insurance is a great place to save. Like most people you’ve probably used the same car insurance company for a while. When you signed-up the rates seemed fine and they still seem okay. Here’s the magic question:

When was the last time you called a different car insurance company and got a quote?

For most people the answer to this question is – never. Most people ask their friends and family who they use – pick one company, call them and get insured. After that they just stick with the same company for years thinking it will be a hassle to change and that all insurance companies must be the same. This is a big mistake and one that could be causing you to spend hundreds of dollars more a year than you need to!

So how can you save money on car insurance? Easy – just pick-up the phone, call a car insurance company and let them know you are looking to save some money on car insurance. They will go over what you pay now and the coverages you have and in many cases can find ways for you to save. In fact – if you like your current insurance company you can just put the pressure on them. Call your current insurance company and tell them that you need to pay less – you’ll be surprised how quickly they can reduce your rates without making dramatic changes to your coverage.

That’s it! No weird trick or magic act here – all you have to do is make a few phone calls. Set a goal for yourself – even if it’s just a $20 savings/month. You’ll feel good when you hit your goal and you can put that money into your emergency fund, savings account or investment account. Ever dollar counts and car insurance is one place where you can save money just by picking-up your phone!