From paying less for electricity every month to cutting the price tag for your education, there are so many ways you can get more for less, and car insurance is a major area for this strategy.
Car insurance costs a lot of money, and in almost every state, you are required by law to have car insurance in order to drive your car; people who drive their cars without insurance could face significant penalties. If you can save money on your car insurance, you could use that money for other things, like a new car, a fun night out, or anything else you might want to spend it on. But how do you save money on auto insurance? One way is to call the insurance company directly. If you have a good driving record, you could call them and ask what they can do to help you pay less every month. Many car insurance companies are happy to help you out, especially if you mention you’re interested in pricing their competitors.
If you do that, make sure you’re comparing apples to apples—look at the same coverage and see what it costs with, say, GEICO versus Progressive, or State Farm versus Nationwide. Some insurance companies may also give you a coverage “audit“ and tell you if you’re buying too much coverage in your state.
For example, measure how much you are actually driving—if you don’t drive as much as you told your insurance company when you took out your insurance, let them know your actual driving distance to see if they can decrease your rate. If you are a safe and responsible driver, you could also consider asking for a higher deductible, which could lower your rate—by offering to pay more out of pocket, the insurance company may charge you a lower premium.
And, consider a “low risk“ car. Certain cars are popular amongst thieves. If your car is not that popular to steal, your premium rate is not likely to be as high because you’re not as great a risk to the insurance company.
If you find that, in spite of all your money-saving efforts, you’re still not quite able to meet all your necessary expenses, contact DRB Capital about getting a lump sum of cash when you sell an annuity payment or structured settlement payments.
We put our customers first and we want to wish each and every one of you success in 2015. If you have any questions about how you can get structured settlement cash, please call us at 1-800-411-4142.