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Some simple tips on reducing your auto-insurance bill
An insurance policy is just a promise that the company who issued it will offer you help and indemnity in the event of a loss. However, while many promises are free, automobile insurance is not. Furthermore, many jurisdictions require you to have it to even drive your car on the public roads and many loan companies require insurance before you drive off the lot with a financed car. Whether you pay a lot or a little, there are some ways you can reduce your car insurance bills even more.
Logos of popular insurance companies
Pay it in full. Most insurance companies offer you two options for payments: monthly installments or paying the policy in one lump sum. If you choose to make monthly payments, the company adds a convenience fee to each payment that can range from one to five dollars. Over the years, those fees add up. Consider paying in full each policy period to avoid unnecessary charges. If that is not possible, ask your insurance company about automatic payments from your checking account because they often waive the fees if you sign up.
