Top Car Insurance Rules (Part 3)
Posted By Sherill
Date: April 14th, 2008
Category: Checklist
www.hootcarinsurance.co.uk
5. Look at the cost savings of a higher deductible. For example, if you accept a higher deductible of say $1,000 – the insurance premium will usually drop significantly. It’s the potential of a $300,000 loss from injuring somebody that you should be concerned about anyway, and not the small cost of your $10,000 car. Remember though, that your ability to choose a higher deductible is not often supported by the financing company so you should check with them first before you negotiate for a higher deductible with your insurer.
6. Cancel your old policy promptly once your new policy takes effect so you can get a refund for the unused premium.