Lowering your Auto Insurance Premiums

I read an article posted on MSN that stated how to lower your auto insurance premiums without swithching insurers. The article went on to recommend lowering your liability limits to the state minimums, drop uninsured, underinsured motorist coverage, drop the comprehensive and collision coverage on your vehicle.

Trust me when I say, this is not what you want to do. The risk to your personal assets by reducing to state minimums for liability coverage is great. This is especially true if you are a homeowner and could risk losing your home in the event the liability coverage on your auto insurance is insufficient to cover a claim due to an accident. Jurors readily return verdicts in the $100,000's.

If you want to reduce the cost of your auto insurance premiums, shop your insurance each renewal, ask about discounts offered for safety features, driver training is available for both students and mature drivers over 55, which provide a discount, look to combine your home and auto.

Contact an indepedent agent who will work for you and shop the coverage with multiple companies and will provide sound advice. Trident Insurance Agency represents over 25 insurers and can provide insurance in PA, NJ, DE, VA and MD

Patrick O'Leary, CPIA

Young Drivers

Young Drivers DID YOU KNOW...

Young drivers, particularly young male drivers are involved in more accidents then any other individual. The insurance premiums on auto insurance policies reflect those statistics.

To help offset and reduce your auto insurance premiums is to enroll your new young driver in driver training courses, a student with good grades also receive discounts with some insurers. The cost of the driver training is easily returned in auto insurance savings.

When your son/daughter is about to obtain their license, shop your auto policy, some insurance companies rates are more competitive for the youthful operator.