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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