Smart Ways to Save on Auto Insurance
February 26 2009 - 9:00AM
PR Newswire (US)
Good ideas and things to think twice about NORTHBROOK, Ill., Feb.
26 /PRNewswire-FirstCall/ -- Across the country, people continue to
look for ways to stretch their budgets and cut costs. But when
trying to cut costs on auto insurance, consumers should be wary of
making penny wise, pound foolish decisions that could put them at
risk financially. Allstate is providing some helpful tips on auto
insurance savings. In a rush to save money, consumers should be
careful not to cut corners in areas that help protect them and
their families. Although it is important to save money in the
short-term, consumers could find themselves unable to pay for auto
repairs or for liabilities to others in the case of an accident.
Since insurance is designed to help protect consumers against the
unknown, it can be difficult to know how much protection is needed.
Allstate is providing some pointers for how to help keep protected
while still saving money. Smart Ways to Save on Auto Insurance Good
ideas: Things to think twice about: Slow down. Your deductible. Buy
the right car. Your liability limits. Pay your bill through
Uninsured motorist coverage. automatic withdrawal. Insure your car
and Personal injury or medical payments property with the same
coverage. company. Study hard. Comprehensive coverage. Five good
ideas: -- Slow down. Drivers who have had accidents or serious
traffic violations usually pay more than those with clean driving
records, so consider safe driving a financial investment. With
Allstate's safe driving discount, safe drivers can save up to 20
percent. -- Buy the right car. A car's value, age, safety record
and repair costs, as well as the likelihood that it could get
stolen, all help determine insurance premiums. Also, certain car
features may generate insurance savings. For example: -- In most
states, a car equipped with factory-installed anti-lock brakes can
save you up to 10 percent, and airbags or motorized seatbelts could
reduce your premium with Allstate by up to 30 percent. -- A
brand-new, never-been-titled car could reduce your Allstate premium
by 5-20 percent, depending on the state and model-year of a
vehicle. -- Pay your bill through automatic withdrawal. Many
insurance companies offer payment choices through automatic
withdrawal. In addition to the convenience, the Allstate(R) Easy
Pay Plan offers automatic withdrawal from a person's account and
may provide a discount of up to 5 percent on premium, depending on
the state. -- Insure your property and car with the same insurer.
Drivers who have Allstate property insurance may qualify for lower
auto insurance premiums by as much as 10 percent, and could also
save on their property insurance, as well. -- Study hard. In most
states, full-time students who meet GPA requirements could save on
auto insurance premiums with a discount of 10-20 percent. Five
things to think twice about: -- Your deductible. The higher the
deductible, the lower the premium; however, you should make sure
you can afford to pay your deductible if you have an accident.
Raising a deductible higher than you can afford could prevent you
from being able to fully repair your car after an accident. -- Your
liability limits. If you're at fault in an accident, you could be
held legally responsible for the medical and repair costs of
others. Liability coverage can help protect policyholders from
these potentially devastating expenses. -- Uninsured motorist
coverage. Uninsured motorist coverage can protect you if you are
injured in an auto accident caused by someone with no insurance. A
recent report by the Insurance Research Council predicts that the
percentage of uninsured motorists will increase nationally from
13.8 in 2007 to 16.1 percent in 2010. Consumers should review their
auto insurance policies to ensure they have the coverage amounts
they need. -- Personal injury or medical payments coverage.
Accidents are never planned, but planning ahead with the right
insurance coverage can make a huge difference following an accident
with injury. Medical Payments coverage helps pay for medical
treatment for accident-related injuries. Personal Injury Protection
helps reimburse people for lost income, child care expenses,
medical expenses, and other costs that may result from accident
injuries. Check with your local agent to find out which of these
coverages are offered in your state. -- Comprehensive coverage.
Comprehensive coverage helps protect cars in situations that don't
necessarily involve other drivers or vehicles, such as damages from
a storm or natural disaster, vandalism, or even a falling tree.
Since policies typically cap coverage at the actual cash value of
the car, the older your car is, the more you might consider
dropping this coverage. Putting these cost-savings tips into action
doesn't have to be complicated. Currently, Allstate is offering all
consumers - Allstate customers or not - a free review of their
current insurance limits and deductibles through the "Good Hands
Coverage Check-up." An Allstate agent can point out where they may
need more or less coverage. Information on local Allstate agents
can be found at http://www.allstate.com/ or by calling 1-800
Allstate. Discounts are subject to terms, conditions and
availability. Discount amounts shown are lower in some states.
Property insurance is subject to availability. The Allstate
Corporation (NYSE:ALL) is the nation's largest publicly held
personal lines insurer. Widely known through the "You're In Good
Hands With Allstate(R)" slogan, Allstate is reinventing protection
and retirement to help individuals in approximately 17 million
households protect what they have today and better prepare for
tomorrow. Customers can access Allstate products and services such
as auto insurance and homeowners insurance through approximately
14,700 exclusive Allstate agencies and financial representatives in
the U.S. and Canada, or in select states at allstate.com and 1-800
Allstate(R). Encompass(R) and Deerbrook(R) Insurance brand property
and casualty products are sold exclusively through independent
agents. The Allstate Financial Group provides life insurance,
supplemental accident and health insurance, annuity, banking and
retirement products designed for individual, institutional and
worksite customers that are distributed through Allstate agencies,
independent agencies, financial institutions and broker-dealers.
Customers can also access information about Allstate Financial
Group products and services at myallstatefinancial.com. DATASOURCE:
The Allstate Corporation CONTACT: Kate Hollcraft of The Allstate
Corporation, +1-847-402-5600 Web Site: http://www.allstate.com/
Copyright
Allstate (NYSE:ALL)
Historical Stock Chart
From Jun 2024 to Jul 2024
Allstate (NYSE:ALL)
Historical Stock Chart
From Jul 2023 to Jul 2024