Your Auto Insurance Company For Extra Money?
There’s a pretty high chance that if you live in America, you have car insurance. After all, driving is a major part of the culture here. But did you know there are actually other ways to pay for your insurance? What if your job had an auto insurance company as one of their benefits? Did you know that many credit unions also offer this service?
Whether or not you want to change auto insurance providers, it’s always good to get educated on your options. The truth is that there are a lot of insurance companies and they all offer different things. Many of them are known for their awesome customer service, fast claims processing, or clean driving records. While it might seem daunting to switch insurance companies just to see if the service is better, it’s always worth doing your homework first.
What if you were able to get a raise at your job by switching your policy? That’s not something that happens every day! Believe it or not, there are quite a few employers that will give you an added perk for having an auto insurance policy with their company.
The truth is that many employees don’t realize this, but there are companies out there that offer these benefits. Some of the best known auto insurance providers in America are a little more risky. These companies typically get a bad reputation for their high rate of claims, and it’s for good reason.
However, there are also credit unions that offer the exact same thing at an almost unbelievably low price. These credit unions are the reason why a lot of people purchase car insurance from them instead of their original groups. Despite the fact that credit unions aren’t as well known as auto insurance companies, they still have their place in our society today.
The general response to this situation is that you would have to take out a loan or go into a high-interest rate credit card to purchase an insurance policy from an auto insurance company, which doesn’t make you feel very comfortable. However, credit unions offer a better alternative that saves you money, and they do not come with any fees attached. It’s definitely worth checking out the different options available before just choosing one of the three major ones.
A credit union is basically like your own bank for your car. There are many different options out there, and you can always choose the one that you feel is best for your needs. If you’re currently using an auto insurance company, it’s worth going ahead and taking a look to see how much money they could potentially save you every year.
The average American spends about $750 a year on car insurance, but the fact is that no two people are exactly alike. However, if you rack up your miles on your car and live in an area with high crime rates, then chances are you’ll pay more than that for something with similar coverage.
It’s not necessary for you to pay a huge sum of money just because you got into an accident or had an expensive vehicle. If you drive defensively and can prove that your car was safe, then you could save yourself thousands of dollars a year. Having the right auto insurance company will make it much easier for your to get great coverage at a reduced price.
There are many different credit unions that offer this service, which is definitely something worth looking into if you’re having trouble with your current provider. The beauty of this is that some credit unions are so big that they can compete with the largest insurance companies in America. That means they have the same level of service and they can save you plenty of money.
Avoiding a high interest rate credit card is definitely something that you should do as well. When it comes to choosing the best auto insurance options, it’s definitely worth looking into the rewards that come with your premium payments.
The average American spends around $750 per year on their auto insurance policy, but that number is really going to depend on where you live and your driving record. Even though some states have very low rates, many of them are still much higher than the ones offered by credit unions. Typically you’ll spend between $400 and $600 a year if you go this route, which is way cheaper than any other plan offered by most insurance companies.
A lot of the time you’ll be able to take out a loan or use your credit card to pay for your policy, but that has serious drawbacks. If you put more on your credit card than you can pay back in one month, then you could end up with double the interest rate. You’d also risk damaging your credit score if you couldn’t pay it back at all.
A loan would give you the money up front, but it will typically come with an absurdly high interest rate. If your payments are even just a little bit late your insurance company could cancel your policy or raise the price when they renew it. It’s definitely better to just pay the premium and get the insurance you need every year.
When it comes to paying your insurance premium, it’s always worth looking into the different options out there. There are plenty of credit unions that offer auto insurance policies, but you have to do some research to find the one that’s right for you. If you find a credit union that meets all of your needs, then you should definitely go ahead and join!
Article Source:http://www.articlesbase.com/insurance-articles/how-to-get-cheap-car-insurance-for-yourself-3592981.html
About the Author: I’m a strong believer in saving your money for the things you really want in life. That is why I try to make every dollar count and try to save as much as possible. I wanted a place where I could share information with others on how they can also save money, so that’s why I created this website.. It has literally hundreds of articles on different ways you can save money and how to get the best deals out there! My motto is if it’s free then that’s where I want my money going towards! Please check out my website http://www.njbargainsanddeals.com or my other websites http://www.njbargainsanddeals.com/ and http://www.njbargainsanddeals.com/auto-insurance-benefits/.
Disclaimer: This article was written for the purpose of providing general information only. The statements made were based on factual information, and no real consumer results have been guaranteed regarding the use of any product or service as a result of reading this article (the “Article”). The Article is not intended to provide personal investment advice or any specific recommendations regarding investments, investments, investments nor does it constitute an offer to purchase, sale and purchase a product (all as defined in the Investment Advisers Act of 1940).
Conclusion
So, there you have it! Auto insurance is a great way to save money and not put you in debt. Just ask the two friends who told me that their auto insurance costs went up by 50 percent. They were almost ready to tear their hair out, and they cried out for help! Luckily, they did some research on auto insurance and were able to find a cheaper plan through a credit union.
This article has shown you how easy it can be to get the best buy on your auto insurance policy. So many people blindly pay whatever they are charged year after year because they don’t realize how simple it is to save yourself money every year with a better plan.