Whether you live in a big city or a small town, every stretch of roadway could be dangerous. The driving risks around you are the reasons you need car insurance. However, these risks can also influence how much you pay for your plan. Sometimes, they might make your plan might more expensive. Still, auto insurance policyholders have resources to help them save money on their policy, even when high driving risks threaten. Let’s look at some of the ways you can save on your plan practically. Determining the Right Amount of Coverage for You Forty-nine out of fifty states require all registered drivers to carry some form of car insurance. They also set minimum limits on the amount of coverage you can carry. However, many drivers choose to buy more coverage than the minimum limit. Still, by buying more coverage, you will have to pay more for it. This might make you hesitate to take this step. But increasing your coverage does not mean astronomical price increase. Most increases are affordable and will always be far less than the amount needed for uninsured or underinsured losses. Plus, there are usually many ways that you can keep costs affordable. Some of these include: Increasing your deductible: Your policy’s deductible is the amount of money you agree to pay for vehicle damage yourself. Therefore, if you increase your deductible, you agree to pay more of these costs yourself. This shifts cost burdens away from the insurer and could lower your premium. Applying policy discounts: Nearly all major insurers offer numerous policy discounts, and every policyholder might qualify for at least some of these. If you qualify for a discount, then you will save money compared to someone else who does not have it. You might be able to add accident-free discounts, automatic payment discounts, student discounts and more to your plan. Taking a safe driving course: Safe driving courses help you re-familiarize yourself with the rules of the road, and the best practices to keep yourself safe. If you take and pass a course approved by your insurer, then you might qualify for a policy discount. Remembering to be a safe driver: It is no secret that safe drivers are less likely to have wrecks and file claims on their car insurance. Therefore, if you make a conscientious effort to be safe, you lower your own risk of facing a problem behind the wheel. As a result, you are unlikely to see significant premium increases when you renew your auto insurance. Since the cost of your auto insurance will be impacted by how much coverage you buy, always work with your agent to make sure you are getting the right benefits. Buying both too little and too much coverage could cost you a lot of money in the wrong situations.  Call us today at (915) 599-2900 or visit www.mtfranklin.com to see how we can help you.

Easy Ways to Reduce Your Auto Insurance Premium

Whether you live in a big city or a small town, every stretch of roadway could be dangerous. The driving risks around you are the reasons you need car insurance. However, these risks can also influence how much you pay for your plan. Sometimes, they might make your plan might more expensive. Still, auto insurance … Read more

December 24, 2020

Factors That Might Increase Your Home Insurance Cost

 No one wants to see any of their insurance rates go up, especially their home insurance. After all, you need this coverage to protect your property. So, you should be able to afford it. Home insurance premium increases can happen for countless reasons. Sometimes, they occur through no fault of your own. In others, however, … Read more

December 22, 2020

What Is Guaranteed Acceptance Life Insurance?

You might be thinking about getting life insurance on yourself. After all, it is a benefit that will offer your loved one’s financial assistance if you pass away. However, you might worry that a pre-existing illness or other extenuating circumstance might disqualify you from getting coverage. Still, there might be many life insurance policies available … Read more

December 17, 2020

Frequently Asked Questions About General Liability Insurance

If you are a business owner, then you probably know that you have to protect your company, employees, clients and others against any risks you might pose them. These liabilities could cost you a lot of money in worst-case scenarios. You therefore must be ready for any eventuality. To do so, you will need general … Read more

December 15, 2020

Will My Health Insurance Work in Another State?

Health care isn’t just something you get from your local physician. You should be able to get care from an appropriate physician when you need it. Sometimes, this might mean leaving town, and even crossing state lines. The question that many people ask, however, is whether their plan will cover them when they travel outside … Read more

December 10, 2020

Auto Insurance for Cars Damaged in Your Garage

Car damage doesn’t just happen because of a wreck. Damage could occur anywhere, even in places that you consider safe. Your garage is one of them. You might think the garage is the safest place for your car, which indeed it is. However, even cars parked in garages aren’t immune from risks.     If … Read more

December 8, 2020

What to Look for on Your First Homeowners Insurance Policy

If you are planning to buy your first home, then you have likely considered taking out a mortgage to finance the purchase. When you do, your lender will likely tell you that you are required to buy homeowners insurance. Since buying your first home is a lot to absorb, the home insurance requirement might seem … Read more

December 3, 2020

Why Your Business Needs D&O Insurance

Companies must take responsibility for employees at all levels of employment. Among the most important to the business is its c-suite and board of directors. They are critical players, but also high liabilities to your company’s success. To give them the liability insurance they need to do their jobs, you will need to buy directors … Read more

December 1, 2020

Can You Get Life Insurance If You Have a Pre-Existing Condition

If you have a chronic health condition, then you will likely have to deal with certain medical needs for the rest of your life. These might include things like diabetes, heard or kidney disease or even cancer. Even if you have the illness under control, you still have a risk of a relapse. Additionally, you … Read more

November 24, 2020

Are Crumbling Foundations Covered by Home Insurance?

Your foundation is truly one of the most important parts of your home. It keeps the property stable and level. Therefore, damaged or deteriorating foundations can make your home quite flimsy and insecure. A damaged foundation can damage all other components of the home.   It is perfectly natural for a home to settle and … Read more

November 19, 2020

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