Lately information on getting a discount on your auto insurance in Somerset County NJ has been at a premium. The reason why? Insurance companies don’t want you to save on your premiums. Obviously the more you pay and the less claims you have the more padded their bottom line is. Can we do anything about that, well maybe not… we can however make sure that the best policy is purchased for our needs.
Less is not always best. You’ve probably read a million posts stating that you can save X percent on your insurance if you switch to X. That’s not the goal of this post. You can potentially save money by staying with your existing company or by moving to someone else. Our suggestion is that you sit down and identify what coverage options you really need. Too often people select full coverage or liability without knowing the in-betweens. If you have a nice car but its getting a bit older you likely still pay for full coverage because you don’t want to be left in the dust in case you have an accident that was your fault. On the other hand some people hate paying anymore then they have to so they choose liability insurance and chance it that they get in an accident that is their fault. If that happens they are out a car and need to do some shopping.
So whats our suggestion? How about keeping full coverage but increasing your deductible? Did you know raising your $250 deductible to $500 or even $1000 can save you hundreds of dollars over the life of the policy? It’s something to think about. Yes its a lot of money if you get in an accident but it still provides coverage and saves you money today. It’s especially a good deal if you don’t drive a lot and live in a state where the elements aren’t horrible. Jersey drivers tend to have to drive in the snow so this option may only be best if they have short commutes are drive a vehicle with 4×4.