![]() ![]() Many auto insurers offer myriad discounts for drivers in a variety of situations. More: Check out our picks for best car insurance companies Embrace the discounts This may be especially crucial if a car is to be out of commission for several weeks rental cars are not cheap. This is worth paying for, according to Reddit, and I will co-sign this point as well I have been without my car for periods of time due to it needing repairs, and I needed a car to get to school or work at that time, so having a rental car covered by my insurer was a lifesaver. Many auto insurers offer an add-on that will cover the cost of a rental car if a car is out of commission due to a covered accident or mishap. It's not worth it to have a policy canceled over a lie. It will also find out if the driver has a speeding ticket or an accident on their driving record. If a driver tells their insurer they drive far less than they actually do, just to save money on their coverage, the company will find out. It's always a bad move to hide the truth from a company you're doing business with, for a number of reasons. If something terrible happens when you're driving, you want to be able to pay for the damage and protect your assets from legal action by anyone you may have harmed. Insurance may be required by law in your state, but it's also there to protect you as the driver and vehicle owner. Unfortunately, those minimums may not be enough to cover a driver, their vehicle, and any other vehicles, property, or people damaged or injured in a crash. Nearly every state requires a certain minimum amount of auto insurance coverage. The best way to ensure you're not overspending for car insurance is to shop around and see what insurers will quote you for a policy.īuy more insurance than your state requires Thankfully, the internet age has made this easier drivers no longer have to call insurers or visit agents in person to get quotes. It can be very easy to give in to inertia and keep the same car insurance company for years, because it can be hard to find the time to compare policy prices. ![]() Let's dive into some of the best auto insurance advice from Reddit's r/personalfinance. However, there are many excellent pockets of information, sometimes even posted by current and former insurance company employees. Anyone can post and answer questions on Reddit, which means you often have to take advice with a grain of salt (and do some further research before acting on it). Reddit is an online news aggregator and discussion website, and it's chock-full of helpful information and tips about all kinds of personal finance concerns, including car insurance. So if you own a car, you have to balance the right insurance coverage for your vehicle and situation with your ability to afford that coverage. I'm sure I don't have to tell you that having auto insurance is extremely important - not to mention the fact that it is illegal to drive without it in nearly every state. Check out our picks for best car insurance companies ![]()
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