Be our guest!

Like to write? You may be interested in writing a guest post!

Disclaimer

The information and opinions provided on this site do not constitute professional advice. This blog is intended to provide general information only about the author's own personal financial journey. While all information shared here is believed to be accurate, the owner/operator of this website specifically disclaims all warranties expressed, implied or statutory, regarding the accuracy, timeliness, and/or completeness of the information contained herein. You are advised to discuss your specific requirements with an independent financial adviser. All posts are © 2008-2011, Simple Debt Free Finance.

How Not to Save Money on Auto Insurance.

auto accident How Not to Save Money on Auto Insurance.

According to an article from the CW Arkansas, drivers in some states are dropping their auto insurance in an attempt to save money.



This is not a good idea, and in some states it’s even illegal!

As the article states:

“If you’re involved in a crash without auto insurance you will lose your license and face heavy fines and that’s only if no one gets hurt. Police and auto insurers say it’s not worth it “

You’re much better off shopping around for auto insurance quotes online from Insurance.com or Esurance.com. Or even dropping your collision coverage. You’re obviously not concerned with the repair bill if you’re thinking of dropping your coverage altogether.

The risk of not having auto insurance is really not worth the savings. Without insurance, you likely to lose everything you own in the event of a serious accident with any injury to occupants of the other car. If you’re that strapped for cash, take the bus.

Speaking of auto insurance being required by law in some states, here’s a handy site that let’s you view the details for each state. It not only tells you whether insurance is required in the state, but also what the minimum amounts of coverage are for various items.

Related Posts Related Websites

1 comment to How Not to Save Money on Auto Insurance.

Leave a Reply

  

  

  

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

CommentLuv badge