With auto premiums recently rising more quickly than inflation, Consumer Reports said it’s more important than ever to find ways to lower your bill. The good news is, they found cost-saving tips that actually work.
First, raise your deductible and cancel coverage you don’t need. A $1,000 deductible compared with $500 might sound like a lot, but it could reduce your premium by more than 10%.
If your car is older, consider canceling collision and comprehensive altogether, because you could end up paying more than you would get back in repair or replacement costs. If your car’s current value is low, you probably don’t need to be paying for these extra coverages. Sign up for NBC San Diego newsletters.
Consider tracking. Programs like State Farm’s Drive Safe & Save Connected Car and Progressive’s Snapshot use technology to track your driving habits. Many drivers will get a discount right out of the gate, but Consumer Reports says there’s something to keep in mind: You’re looking at a privacy trade-off. So if you’re willing to give up some of these details about where you’re going and how you’re driving, how often you’re driving, then you might see some benefit.
But if you don’t want the insurer riding shotgun with you, then you might say no to some of these programs. Even if you don’t want to get tracked, being a safe driver will still reap rewards. Even one driving violation or insurance claim can quickly raise your rates. And if you don’t think you’re getting a good deal with your current auto insurer, shop around. Two auto insurers have consistently landed in the top tier of Consumer Reports’ ratings: Amica Mutual Group and USAA Group.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Can police ask for your doorbell video? Consumer Reports explains what you should knowPolice departments are increasingly asking for homeowners' videos, so Consumer Reports breaks down the ways law enforcement can get access to them.
Consulte Mais informação »
West Virginia head coach Bob Huggins will resign after DUI arrest, per reportsThe Bob Huggins era at West Virginia is ending in an ugly fashion.
Consulte Mais informação »
Highway safety agency reports power problems in 2022 Hyundai Ioniq 5 SUVsMultiple U.S. owners of Hyundai's popular Ioniq 5 electric SUV have complained of completely or partially losing propulsive power, many after hearing a loud popping noise, U.S. regulators say.
Consulte Mais informação »
Ex-Discovery Channel star has died in plane crash: reportsThe crash occurred Friday in Alaska.
Consulte Mais informação »
Safety agency reports power problems in Hyundai Ioniq 5 SUVsSUV owners said the loss of power came after hearing a loud popping noise.
Consulte Mais informação »