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Rossen Reports: How to cut down on skyrocketing auto insurance costs

Rossen Reports: How to cut down on skyrocketing auto insurance costs
Yeah, you've probably noticed that auto insurance, it's costing more. It's not just you and it's going to get worse. Nationwide premiums have now risen to $2014 *** year on average and within the year, guess what? It's going up an additional 8.4%. So what can you do to bring your cost down first? Look at bundling your homeowners or renters insurance with your car insurance. Experts say you could save about 16% on insurance premiums. That's significant. Gather up several quotes that have the same coverage, then compare them. You want to look for the policy with the most types of coverage. Of course, the highest limits, uh, the highest deductibles that are fit your budget. Next. Ask for discounts. It sounds simple. Right. But we tend not to with our insurance companies. Here's *** little tip. Your insurance company would rather keep you as *** customer and give you *** little bit of *** lower price and it could hand out discounts if you sign up for auto pay. If you're *** low mileage driver, another raise your deductible. Let's say it's 500 make it 1000. You're banking on the fact you won't get into an accident, but just doubling that could reduce your premium by more than 10%. And finally, if your car is older, think about canceling some of your collision and comprehensive coverage, you may be paying more for the insurance than the cost of *** repair would actually be. I'm gonna put these tips in *** few more on Rosson reports dot com. Go into it and see what works for you back to you.
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Rossen Reports: How to cut down on skyrocketing auto insurance costs
We keep talking about how the cost of a car (new or used) has gotten expensive, right? Well, wait until you look at the cost to insure it. The latest numbers show auto insurance costs are on the rise – and it's only going to get worse. Nationwide premiums have risen to more than $2,000 a year on average. Financial experts say that within the year, they'll go up an additional 8.4%. So what can you do to bring your cost down?Look at bundlingBy combining your homeowners or renters insurance with your car insurance, experts say you could save about 16% on insurance premiums. Gather up several quotes that have the same coverage, then compare them. You want to look for the policy with the most types of coverage, the highest limits and the deductible that will fit your budget. Ask for discountsIt sounds simple – but we tend not to ask! Your insurance company would rather keep you as a customer than lose you if there is a way to save. Your company could hand out discounts if you sign up for autopay or if you're a low-mileage driver, etc.Raise your deductibleJust doubling it could reduce your premium by more than 10%. If your car is older, cancel some of the collision and comprehensive coverage. You might be paying more for the insurance than the cost of a repair would actually be.

We keep talking about how the cost of a car (new or used) has gotten expensive, right? Well, wait until you look at the cost to insure it.

The latest numbers show auto insurance costs are on the rise – and it's only going to get worse.

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Nationwide premiums have risen to more than $2,000 a year on average. Financial experts say that within the year, they'll go up an additional 8.4%.

So what can you do to bring your cost down?

Look at bundling

By combining your homeowners or renters insurance with your car insurance, experts say you could save about 16% on insurance premiums. Gather up several quotes that have the same coverage, then compare them. You want to look for the policy with the most types of coverage, the highest limits and the deductible that will fit your budget.

Ask for discounts

It sounds simple – but we tend not to ask! Your insurance company would rather keep you as a customer than lose you if there is a way to save. Your company could hand out discounts if you sign up for autopay or if you're a low-mileage driver, etc.

Raise your deductible

Just doubling it could reduce your premium by more than 10%. If your car is older, cancel some of the collision and comprehensive coverage. You might be paying more for the insurance than the cost of a repair would actually be.