Monterey Auto Insurance Options if You’re on a Budget

by | Jun 12, 2013 | Insurance

You may be able to get a Monterey Auto Insurance discount if you’re a student and you can show proof of good grades, or if you’re an experienced driver with a safe driving record. Besides auto insurance, you can ask your insurance agent about separate but similar policies for motorcycles, watercraft, scooters, and other recreational vehicles you may own. They may give a discount if you have more than one policy with them. For example, if you have your home or renter’s insurance through the same insurer, you may get a valuable discount on rates.

You can save money on your Monterey Auto Insurance depending on the amount of coverage you have and the amount of your premium and deductible. There are usually different figures they can work with to make a policy that is affordable for you. If you’re willing to accept a higher deductible, which is the amount you pay out of pocket in the event you have a claim, the payoff may be that you get to pay lower premiums. However, if a higher deductible would be difficult to afford should the need arise, then you might be able to simply pay higher premiums instead.

Your insurance agency may also be able to bill you monthly instead of twice a year. This may make your total yearly insurance coverage cost a bit more in the long run, but if you’re on a tight budget, that might be the answer to keeping coverage in force that you can afford instead of having a bigger insurance bill every six months.

The agent can explain to you which insurance coverage you are required to have by law, such as liability coverage in case you are at fault in an accident and someone else is injured or their car or other property is damaged. There may be other components to your coverage that are optional. For example, you may not be legally required to carry insurance coverage in case your car alone gets damaged. Depending on the age of your car, it may not be worth it to you to pay for that extra comprehensive coverage.


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