A few small changes could amount to big savings when it comes to what you pay for car insurance.
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Chances are you’re paying more for car insurance these days -- on average, 18% more! Even as inflation cools, car insurance prices remain high. The experts at Consumer Reports blame more crashes, increased litigation, and higher repair costs. The good news: Small changes could get your premiums as low as possible.Now might be the time if you haven’t raised your deductible recently. Consider a $1,000 deductible to save on your annual premium.
“As a general rule, when the premium is more than 10% of the car’s value, it’s time to consider dropping collision, and maybe comprehensive, too,” explained Chuck Bell with Consumer Reports.Some insurance companies let you take a safe-driving course to get a discount -- which could equal $200 in savings per year. It only takes a few hours to take the course, which tends to cost around $25, and you might even be able to take the course online.
All Consumer Reports material Copyright 2024 Consumer Reports, Inc. ALL RIGHTS RESERVED. Consumer Reports is a not-for-profit organization which accepts no advertising. It has no commercial relationship with any advertiser or sponsor on this site. For more information visit consumer.org.
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