The Insurance Research Council (IRC) recently reported that by the year 2010, nearly one in six drivers across the United States will be driving without auto insurance.Travelers is reminding consumers that dropping auto insurance coverage is illegal in most every state and could mean financial disaster for families. The company suggests reviewing all insurance coverages to make sure you’re properly protected against uninsured motorists and use the opportunity to talk to an agent about smarter ways to save on insurance costs.
The IRC report goes on to detail that there is a “strong correlation” between the unemployment rate and the number of uninsured drivers on the road. .
There are many steps people can take to reduce insurance costs while properly protecting assets. For individuals looking for ways to save, Travelers suggests contacting an independent insurance agent for advice or following these simple steps:
Bundle insurance policies with the same company – Insuring your home and cars with one company can lead to discounts on both sets of coverage.
Check for Discounts – Driving a hybrid car, being a good student, and owning a car with certain anti-theft devices, air bags and anti-lock brakes can save you money with Travelers.*
Raise Deductibles – Switching to a higher deductible will save you money on your insurance premiums.
Nearly every state requires individuals to possess auto liability coverage and every state has laws in place regarding financial responsibility. Therefore, if a particular state does not require auto liability coverage by law, an individual must have the financial assets to pay all claims in the event of an accident.
.jpg)
No comments:
Post a Comment