The Californer - 2023 Insurance Resolutions To Save Money

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COSTA MESA, Calif. - Californer -- It's almost time to look back on 2022 and consider what we did right and what we may have done differently had we been wiser. Setting New Year's resolutions to save money during this period of high inflation should also carry over to the insurance policies you hold. Many Americans buy car insurance and don't want to deal with the hassle of switching carriers, so they renew, even when prices have gone up considerably. Or, people consider buying life insurance but find the options so confusing (and expensive) that they put it off another year, not realizing that their rate will only increase as they get older. Switching carriers or finding an agent who can help you make good decisions is really not complicated. Here are some tips on how to weave your insurance resolutions with your other to-do's for 2023.

Saving Money

Car Insurance

You may be able to trim costs on many of the things you spend money on, and your insurance products are no different. Snip $50 here, $50 there, and boom that's $1200 a year in savings. And you may even be able to save even more than that.

The best way to figure out how to spend the least amount of money on car insurance (https://smartfinancial.com/auto-insurance) is to sit down and consider how and when the folks in your household drive. Are they speed demons or are they extremely cautious drivers? Do you commute to work or rarely drive? How about the cars you all own – are they old or new? These are just a few questions to ask yourself to determine if telematics car insurance or a pleasure driver status may save you money.

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Telematics (https://smartfinancial.com/telematics) car insurance will only save you money if you're a careful driver and if you don't drive very often. Low-mileage car insurance is just one way to save. Another option is to combine all your policies for a multi-car discount. Also, if you have older cars, consider whether or not you should have collision and comprehensive coverages. If your car is worth less than two or three thousand dollars, chances are that you don't need these extras. Have you gone through all the discounts your carrier offers? How many apply? Ask also about affiliations and memberships that may also bring you savings. Also, save up to 10% for taking a defensive driving course!

For more and on other insurance topics, visit: https://smartfinancial.com/new-year-insurance-r...