Comments on: 11 Ways to Save on Car Insurance

By: 1,019 ways that you can save money. « Dead People

1,019 ways that you can save money. « Dead People — Sat, 03 Jan 2009 23:17:21 +0000

[...] Ways To Save Money On Your Car Costs 11 Ways To Save On Car Insurance 25 Ways to Save Money on [...]

By: The Big List: 1,019 Different Ways To Save Money. | My Two Dollars

The Big List: 1,019 Different Ways To Save Money. | My Two Dollars — Sat, 01 Nov 2008 05:08:16 +0000

[...] Ways To Save Money On Your Car Costs 11 Ways To Save On Car Insurance 25 Ways to Save Money on [...]

By: Madison

Madison — Mon, 13 Oct 2008 19:52:52 +0000

@ Lexie G: Some insurance companies assess the risk on how much you drive the cars. If you have two drivers and three cars, they may lower your rates (on the first two) assuming you will drive those cars less. If the additional premium on the third car (a junker) is less, you come out ahead.

It doesn’t work all the time like that. For a young, unmarried male, with a new car and the right company, it worked for us.

By: Carnival of Personal Finance #174 - The Columbus Day Edition | Greener Pastures: Personal Finance

Mon, 13 Oct 2008 14:07:05 +0000

[...] Madison from My Dollar Plan presents 11 Ways to Save on Car Insurance. [...]

By: Links For Super-Charged Living - October 11, 2008 | My Super-Charged Life

Links For Super-Charged Living - October 11, 2008 | My Super-Charged Life — Sat, 11 Oct 2008 13:02:23 +0000

[...] Wise 11 Ways to Save on Car InsuranceOpening the Door to Helping Your [...]

By: Lexie G

Lexie G — Thu, 09 Oct 2008 04:45:16 +0000

This is probably obvious, but I don’t understand – how does adding a third car reduce your insurance costs?

By: sue bette

sue bette — Tue, 07 Oct 2008 11:28:23 +0000

Thanks for the great tips – I am picking up new car insurance next week so this will be a big help!

By: Auto Insurance Helper

Auto Insurance Helper — Tue, 07 Oct 2008 11:18:43 +0000

Great article. I like the last recommendation of buying an extra older car. Funny how that works, isn’t it.

Another thing that lowers the cost in some countries, like Australia, is to pay your premium annually. You get a better rate than if you make payments.

By: Squawkfox

Squawkfox — Mon, 06 Oct 2008 15:54:21 +0000

Excellent suggestions. I second Matt’s comment on opting for higher deductibles as this helped us a lot. Also, in Canada, if you drive your car to work then you pay more for insurance. It seems counter intuitive to not drive your car to work, but this saves huge dollars. My husband and I bike or bus to work daily, so the car is used quite minimally. (Saves on gas tooooo)

By: Matt - Dollartamer

Matt - Dollartamer — Mon, 06 Oct 2008 14:28:26 +0000

One thing I’ll add about taking on additional risk… High deductibles are a great way to lower the cost of insurance, but be sure to take a higher level of liability coverage as well. Taking only state minimum coverage is not a great place to save money. If you have $40,000 of liability coverage and are responsible for a $100,000 accident, you are responsible for the $60,000 that is over your coverage maximum.