Saving Money on Insurance

Insurance is a necessary evil! I only say evil because I have to pay for it. In reality, I do appreciate it. We pay our bill monthly and so it hurts every month. I asked my husband what we could do to lower the bills. Here is what we did:

1) I am required to carry high insurance on any vehicle I may use for my job, and so I had it on all our vehicles. We determined that their were paying for vehicles that we knew we would never use for work. We lowered the coverage on those vehicles.

2) We realized that we were paying full coverage for vehicles that were paid for and that were not that high in value. (We keep our cars forever because my husband takes such good care of them.) We put liability on all of them and dropped comprehsive coverage.

3) We sold a vehicle that we realized that we really did not need. Of course, we dropped that coverage completely.

When we were all done reevaluating our coverage, our insurance bill was only 2/3 of what it was before we started. Have you reevaluated your insurance lately? We are saving almost $400 for the year. That's well worth the time we took to change it.