I realize that my post titled 301 Saving Money Posts -- Hundreds of Ideas on How to Save Money was a bit like taking a drink out of a fire hydrant -- it can get pretty over-whelming to look at all those money saving tips at once. As such, I decided to post sub-sections of that list every once in awhile so you can look at all the money saving posts I have on one particular topic (a much more manageable task.) Today I'm listing ways to save money on car insurance. Here goes:
This is a great topic to review regularly as it is easy to get complacent when it comes to auto insurance. For instance just this weekend when visiting my parents we were talking about something that brought up auto insurance, and I found out they pay over $4,000 per year on 3 fairly inexpensive and older vehicles! I was shocked and told them they were likely getting taken for a ride by their insurance company. With clean driving records and good credit, insuring three vehicles valued under 15k each should not cost nearly that much.
They have been just paying their premiums for years without thinking twice about it, probably costing them many thousands of dollars in wasted money. I'll definitely share some of the ideas you posted above with them as they are getting ready to purchase new insurance.
Posted by: Jeremy | November 28, 2006 at 09:39 AM