Wednesday, February 25, 2009
Smart Shopping: Insurance
Car insurance can be costing you a bundle, but on tonight's Smart Shopping, Seven's Reed Cowan is showing us how to get the best quote.
WSVN -- Getting behind the wheel, buckling up and driving off in your car can cost you big when it comes to your auto insurance, but nowadays shopping around for a low quote is easier than you think.
Juan Barquero: "Usually, I shop around, check with Geico, Progressive, and which ever gives me a better rate, then that's who I go with."
Thanks to the Internet, you can get instant quotes from several companies.
Elizabeth Lacey: "It was very easy, and I was able to get different quotes and compare them, and then called once I was sure which one I wanted to go with."
But if you prefer meeting an insurance agent face-to-face...
Edson: "I'm really happy with Geico, and I would recommend it."
Try shopping with someone who will help you compare rates.
John Nigrelli: "When you come in, you're not just looking at one insurance company, you're looking at many. We give you the prices of a lot of different companies, and you get to compare, and you get to choose."
John Nigrelli from AAA says their agents will help you land the best quote.
John Nigrelli: "In many markets there's a difference of $400 or $500 a year."
To save big, he recommends getting combined coverage from one company.
John Nigrelli: "You can combine the automobile insurance with the homeowner's insurance and pay one time a year at a reduced discounted rate."
Next, consider your deductible.
John Nigrelli: "If you carry a larger deductible versus a smaller deductible, you can save quite a bit of money."
And keep a clean driving record.
John Nigrelli: "If your accident free and without tickets, you're going to get the best rate."
Reed Cowan: "Another money saving tip is for teens to take advantage of the driver's ed classes in the public school system and to keep up the good grades."
John Nigrelli: "If you are a good student, even a high school student, it's a very smart move to use the good student discount."
You do not have to be a AAA member to enjoy the benefits but joining can save you big.
John Nigrelli: "In fact, it helps if you are because many of our insurance companies will actually give you an additional discount, up to five percent."
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