can save several hundred dollars a year by purchasing auto insurance
from a licensed, low-price insurer. Call your state insurance
department for a publication showing typical prices charged by
different companies. Then call at least four of the lowest-priced,
licensed insurers to learn what they would charge you for the
Talk to your
agent or insurer about raising your deductibles on collision and
comprehensive coverage to at least $500 or, if you have an old
car, dropping this coverage altogether. Taking these steps can
save you hundreds of dollars a year.
that your new policy is in effect before dropping your old one.
can save several hundred dollars a year on homeowner insurance
and up to $50 a year on renter insurance by purchasing insurance
from a low-price, licensed insurer. Ask your state insurance department
for a publication showing typical prices charged by different
licensed companies. Then call at least four of the lowest priced
insurers to learn what they would charge you. If such a publication
is not available, it is even more important to call at least four
insurers for price quotes.
you purchase enough coverage to replace the house and its contents.
"Replacement" on the house means rebuilding to its current
your new policy is in effect before dropping your old one.
If you want insurance protection only, and not a savings and investment
product, buy a term life insurance policy. If you want to buy
a whole life, universal life, or other cash value policy, plan
to hold it for at least 15 years. Canceling these policies after
only a few years can more than double your life insurance costs. Among the many reputable insurance companies are: