But most of all,car insurance can be downright confusingunless you do your homework.
At that point, coverage beyond my states minimum requirements wasnt even worth it.
Breaking Down Car Insurance
Your car insurance likely includes a number of components.
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Liability can also includeuninsured motorist coverageandunderinsured motorist coverage.
This might be the most unfair coverage of all, but it is necessary.
Basically, since other people can be irresponsible, its up to you to be responsible for them.
Thats where collision and comprehensive come in.
Neither is required if your vehicle is paid off, but both are recommended for full coverage.
These extras do, however, come at a cost.
I spoke to some drivers to see how theyve been successful inlowering their monthly car insurance premiums.
I did hear some more practical ideas, however.
Youll also knock out expensive monthly car insurance premiums.
My partner Nick Kreidershops aroundevery year for better rates.
Automotive marketer Jack Elliott recommends opting foradvanced safety featuresthe next time you buy a new car.
Thesafety features in my new carended up lowering my monthly payment, Elliott told me.
As a single mom in college in the early 2000s, I used to be all about liability-only.
It was cheap and kept me on the road.
The lesson here:Consider what kind of coverage makes sense for you and dont pay for more.
Doing so has netted him even greater discounts.
I participate in my insurerssafe-driving program.
Ask your insurance agency about its safe-driving benefits.
If you are a responsible saver, I also recommendhigher deductibles.
Then enjoy the savings in future months however you see fit.
Much like taxes, car insurance is inescapable if you own a vehicle in most states.
Timothy Moore, a Nashville-based editor and writer, has written for the automotive industry for five years.
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