Whether you have gotten a fresh start through bankruptcy or are trying to pinch pennies, there are many things you can do to improve your financial situation.
If you examine how you spend your money even on necessary expenses, you should be able to find short-cuts to save your hard-earned money.
Car insurance is one of those things that you're required to spend money on, even if you don't think you benefit from it. However, there are ways to reduce your costs without seeing any reduction in your coverage.
Although insurance companies research your car through its Vehicle Information Number (VIN), that search may not provide information about all of your vehicle's safety features.
So talk to your insurance agent and make sure he or she knows about your airbags, anti-lock brakes, car alarms, etc. Those features may be able to reduce your premiums by more than 10 percent.
Raising your deductible can save you hundreds of dollars if you don't make any claims against your insurance. Also, talk to your insurance agent about your coverage levels.
You may not need to carry premium coverage for your liability insurance; as long as you meet state minimum requirements, lower coverage may suffice.
Your insurance carrier may offer you lower rates if you belong to AAA. But you also may qualify for lower rates if you're a student and get good grades in school, or are involved in a number of other organizations. Make sure that your insurance agent knows about all of your activities - one or more of them may qualify you for a better rate.
Some companies believe that having a good credit rating - paying your bills on time - translates into being a safe and careful driver.
Also, having a good, ticket-free, driving record is another way to keep premiums low. Check with your community to see if there are any driver education classes available for established drivers, and tell your insurance provider about them.
Participating in these classes voluntarily shows you are a responsible with your driving privileges.
Sure, everyone wants to drive around in a fancy sports car or a big SUV. However, these fancy cars carry around huge insurance premiums.
Not only are they more expensive to fix, the rate of theft is higher and you're more likely to get a traffic ticket driving one.