March 1, 2018

14 Things to Be Careful About With Car Insurances

CONSIDER REDUCING AUTO COVERAGE

Old cars (10-plus years) aren’t worth much. So at a certain point it doesn’t make sense to keep paying for collision and comprehensive (C&C) coverage on them. First, find the ‘book’ value of your vehicle (nada.com, edmunds.com or kbb.com or at the library).

Then add up the annual premiums for C&C. Chances are, you’re paying for the full value of the vehicle every three years. If you’re comfortable accepting a low level of risk, cancel your C&C coverage and put that money away. You’ll probably come out ahead.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 Next

Pages ( 1 of 14 ): 1 23 ... 14Next »

Click Here to Leave a Comment Below

Leave a Reply: