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BBB offers advice on saving money on auto insurance
By Better Business Bureau
 

Automobile insurance plays an important role in protecting consumers from serious financial losses resulting from accidents, but choosing the best options can feel daunting. The Better Business Bureau Inc., serving eastern Massachusetts, Maine, and Vermont has information to help cut the cost of auto insurance while remaining well protected in case of an accident.

  • Prices can vary from one insurance company to another. Comparison shop before signing anything. Check out a company with the BBB online, www.bosbbb.org, by entering a company name, or find companies searching by category. Call the state insurance department for ideas of companies and agents to contact.

         There are options even on compulsory obligatory insurance. Choosing to raise the limit on bodily injury to others could save substantial amounts of money if sued for an amount above the required limit. With the high cost of medical care, this could mean tens of thousands of dollars. Excluding certain members of the household from parts or all coverage can also increase savings.

       Increasing deductible option from $200 to $500 could reduce collision and comprehensive cost by 15 to 30 percent. A car that is low in dollar value could forego collision coverage all together. Choosing a "waiver of deductible" means that a deductible will not be applied when an accident is caused by another identifiable driver. This can be particularly helpful when the other driver is uninsured.

     

  • Towing and labor insurance coverage may be an unnecessary expense if already covered from a motor club. If not, towing and labor insurance may be a wise investment.

         Insurance companies often offer discounts for a variety of reasons including anti-lock brakes, anti-theft devices, no accidents in three years, low mileage and airbags. Ask for a listing of available discounts.
     

        Founded in 1920, the Better Business Bureau Inc. is a non-profit public service organization providing free business Reliability Reports, Charity Reports and other consumer information to the public. Services are available on the Internet at www.bosbbb.org.

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