I was asked the other day, how can I EASILY lower my car insurance. I had to think about it for a little while….but it seems that all the auto insurance companies that advertise on TV don’t ever really tell you how to lower your rates…just that you should get a quote from them. Gee thanks!

If you drive a late model car - you should really only carry collision and comprehensive coverage. What is Collision Coverage? Collision coverage pays to repair your car when and if you are ever involved in an accident and it pays no matter who was at fault. What is Comprehensive Coverage? Comprehensive pays to repair your vehicle when it’s been damaged by fire, vandalism, theft, or other acts of God.

How to save money on collision and comprehensive coverage? Easiest way is to get the highest deductible that you can afford to pay. The deductible is the part of the repair that YOU will pay for. Raising your deductible from $250 to $1,000 can save you up to 55% on your insurance premium.

Say your car needs $1500 in body repairs after an accident. If you carried a $1000 deductible you will be responsible for $1000 and the insurance company would pay the remainding $500…..and all other costs that might be covered during the repair. I like to call this good driver insurance

You say, that sucks? Well, not really. The amount of money you will save on your annual premium for carrying a high deductible will more than off set your $1000 pay out in 2-3 years of coverage. Consider this safe driver insurance that you really don’t have much to worry about.

Personal injury protection coverage is something you might also want to consider. Personal injury protection? This pays medical expenses for you and your passengers if you’re ever involved in an auto accident. It also pays medical expenses for you and your family if you are injured in someone else’s vehicle or when you’re walking or riding a bicycle….which happens so don’t laugh.