How To Save Cash On Auto Insurance

How do I save money on car insurance?

Move out of Michigan, the state with the highest insurance rates. Why is that?Insurance executives and politicians will say that is because Michigan has the best coverage. Is that true?Michigan auto insurance will pay medical claims for life, and 3 years of lost wages. However, less than 1% of Michigan’s insured drivers are able to take advantage of if it and Michigan insurance can be 4–5 times higher than other states. It’s very hard to collect from speaking with auto-crash victims.The dirty little secret that Michigan politicians and insurance ezecutives don’t want you to know is;Auto insurance companies do not have to report their profits to tje states auto insurance commisioner. This is a requirement in most states.Auto insuarance companies in Michigan raise or lower your premiums based on credit. That clause is also not the norm.Those are the facts along with Michigan boasts 20% uninsured drivers. Presumeably because they can’t afford auto insurance.There is zero correlation between credit scores and driving. Insurance is not financed, in fact you pay prior to using it.Opinion; Michigan politicians are beholding to auto insurance companies. The lobbyists spend millions in contributions and incentives on politicians. Michigan is largely a blue collar state, and it’s electorate are easier to dupe than a highly educated electorate.

Should I drive without car insurance to save money?

In some countries, you won't have a choice, since availing of an insurance is a requirement in registering your vehicle. Therefore, you should get yourself an insurance, typically a third party insurance. This is intended to indemnify the third party, incase of a fortuitous event, of whatever injuries he/she may acquire.Unless you are able to persuade your government in exempting you from such regulation, and that you are a very good driver and you will never be damaging anything or anyone while driving.But talking of its practically and saving money, consider this theoretical scenario:You got your insurance, asking you for a $100 premium every month, that is $1200 in a year. You have been driving for 20 years now, that's $24,000 contribution by then. But unluckily, some drunk jerk jumped into the road and it was too late for you to avoid him, thus, you hit him. A good citizen you are, you brought him to the hospital, then the doctor told you that Mr. Drunkard has a broken leg, and is not recoverable. A jerk as he is, denying of his fault in jumping into the road, he demanded you to pay for the hospital bill and for his artificial leg, or else he will file a case against you. Then you remembered that you had an insurance, so you called your insurance company for your claim.A few weeks later everybody is happy. Mr. Drunkard is now sobber with his new leg. And you haven't spend tons of money to pay the hospital bills and/or possible lawsuit. Latter did you know that your insurance had gained interest and that it was able to cover all the expenses.Of course, the coverage of your insurance will be according to your agreement with the insurance company, where things might get trick so you need to review the agreement carefully, and complain if something doesn't sound right.

How do I save money on auto insurance as an international student in New Jersey?

Auto insurance in New Jersey is high and usually higher for students because of many factors including age etc. And on top of that being an international student without much of a driving history does not help either.Here are some of the things you could consider that could help reduce your premiums:--Buy an inexpensive car and have liability coverage only. (Usually not advisable and depends on state's insurance coverage restrictions.)--Belong to AARP or other clubs that provide some discount--Taking a defensive driving course may help --Buy a car which is highly rated for safety features may help reduce premiums--Some companies offer "good student" discounts--Paying your premium in bulk(6 months instead of monthly) will usually get a small discount--Being an additional driver on someone else's insurance policy(Usually older and established person with good driving history). Usually this applies to domestic families, such as an 18 year old teenager listed as additional driver under his fathers insurance policy.Hope this helps.