Smart Ways to Save on Auto Insurance

Good ideas and things to think twice about

Across the country, people continue to look for ways to stretch their budgets and cut costs. But when trying to cut costs on auto insurance, consumers should be wary of making penny wise, pound foolish decisions that could put them at risk financially. Allstate is providing some helpful tips on auto insurance savings.

“In a rush to save money, be careful not to cut corners in areas that help protect you and your family,” said Krista Conte, Allstate Spokesperson. “Although it is important to save money in the short-term, you could find yourself unable to pay for your auto repairs or for liabilities to others in the case of an accident.”

This philadelphia single vehicle accident lawyer says since insurance is designed to help protect consumers against the unknown, it can be difficult to know how much protection is needed. Allstate is providing some pointers for how to help keep protected while still saving money.

Smart Ways to Save on Auto Insurance

Good ideas:

1. Slow down. Drivers who have had accidents or serious traffic violations usually pay more than those with clean driving records, so consider safe driving a financial investment. With Allstate’s safe driving discount, safe drivers can save up to 20 percent.
2. Buy the right car. A car’s value, age, safety record and repair costs, as well as the likelihood that it could get stolen, all help determine insurance premiums. Also, certain car features may generate insurance savings. For example: In most states, a car equipped with factory-installed anti-lock brakes can save you up to 10%, and airbags or motorized seatbelts could reduce your premium with Allstate by up to 30 percent. A brand-new, never-been-titled car could reduce your Allstate premium by 5-20 percent, depending on the state and model-year of a vehicle. On the other hand, if you can’t afford to buy new ones, there are always used cars for sale which you can find online.
3. Pay your bill through automatic withdrawal. Many insurance companies offer payment choices through automatic withdrawal. In addition to the convenience, the Allstate® Easy Pay Plan offers automatic withdrawal from a person’s account and may provide a discount of up to 5% on premium, depending on the state.
4. Study hard. In most states, full-time students who meet GPA requirements could save on auto insurance premiums with a discount of 10-20 percent.

Things to think twice about:

1. Your deductible. The higher the deductible, the lower the premium; however, you should make sure you can afford to pay your deductible if you have an accident. Raising a deductible higher than you can afford could prevent you from being able to fully repair your car after an accident. Get a wrongful death lawyer louisville ky if there is an accident.
2. Your liability limits. If you’re at fault in an accident, you could be held legally responsible for the medical and repair costs of others. Liability coverage can help protect policyholders from these potentially devastating expenses. Anyone who get involved in an accident may call a car accident lawyer for legal guidance and assistance.
3. Uninsured motorist coverage. Uninsured motorist coverage can protect you if you are injured in an auto accident caused by someone with no insurance. A recent report by the Insurance Research Council predicts that the percentage of uninsured motorists will increase nationally from 13.8 in 2007 to 16.1 percent in 2010. Consumers should review their auto insurance policies to ensure they have the coverage amounts they need.
4. Personal injury or medical payments coverage. Accidents are never planned, but planning ahead with the right insurance coverage can make a huge difference following an accident with injury. Medical Payments coverage helps pay for medical treatment for accident-related injuries. Personal Injury Protection helps reimburse people for lost income, child care expenses, medical expenses, and other costs that may result from accident injuries. Check with your local agent to find out which of these coverages are offered in your state. Your personal injury or auto accident attorney can also guide you on this.
5. Comprehensive coverage. Comprehensive coverage helps protect cars in situations that don’t necessarily involve other drivers or vehicles, such as damages from a storm or natural disaster, vandalism, or even a falling tree. Since policies typically cap coverage at the actual cash value of the car, the older your car is, the more you might consider dropping this coverage.

SHIRLEY EIZEMBER, Exclusive Allstate Agent
PINCKNEY INSURANCE AGENCY.INC.
41 PORT WATSON ST., CORTLAND NY 13045
PHONE 607-756-8505
seizember2@Allstate.com

Putting these cost-savings tips into action doesn’t have to be complicated. Currently, Allstate is offering all consumers – Allstate customers or not – a free review of their current insurance limits and deductibles through the “Good Hands Coverage Check-up.” An Allstate agent can point out where they may need more or less coverage. Information on local Allstate agents can be found at www.allstate.com or by calling 1-800 Allstate.

Discounts are subject to terms, conditions and availability. Discount amounts shown are lower in some states.  Property insurance is subject to availability.  The Allstate Corporation (NYSE: ALL) is the nation’s largest publicly held personal lines insurer. Widely known through the “You’re In Good Hands With Allstate®” slogan, Allstate is reinventing protection and retirement to help individuals in approximately 17 million households protect what they have today and better prepare for tomorrow. Customers can access Allstate products and services such as auto insurance and homeowners insurance through approximately 14,700 exclusive Allstate agencies and financial representatives in the U.S. and Canada , or in select states at allstate.com and 1-800 Allstate®. Encompass® and Deerbrook® Insurance brand property and casualty products are sold exclusively through independent agents. The Allstate Financial Group provides life insurance, supplemental accident and health insurance, annuity, banking and retirement products designed for individual, institutional and worksite customers that are distributed through Allstate agencies, independent agencies, financial institutions and broker-dealers. Customers can also access information about Allstate Financial Group products and services at myallstatefinancial.com.