Your auto insurance may not be as comprehensive as you think. As your family and driving needs change, you may also want to review your coverage to ensure that it meets your family’s needs. To save money on car insurance, consider dropping comprehensive coverage on a car that’s paid in full and more than five years old. If you have a teen driver, you may want to hold off on buying a new car or sell the fancy vehicle in the garage – both can save you money. An umbrella policy can protect you if there are gaps between what your insurance covers and what you will need in the event of an accident. A two-million-dollar policy seems excessive, but can protect your assets if you are sued. If you are injured by an uninsured driver, coverage for uninsured motorists can help.
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Seven Auto Insurance Buying Tips