Saving money on full coverage auto insurance is not all that difficult. It is no secret that if you are eager to do a little research, read up on your policy details, you will also be on your way to saving some money and putting a few dollar away for a rainy day. One way to save money on a full coverage auto insurance policy is to raise you deductible. If you raise your deductible you will lower your premium. You deductible is the sum of money that you pay in the unfortunate event of an accident. Increasing your deductible can reduce your premium by hundreds of dollars each year. With this method, even though you will save money, it will be essential to save up so that you have extra funds in your savings account to cover your deductible if you get in an accident. One of the best ways to save money on a full coverage auto insurance policy is to maintain a clean driving record and even build up credit and increase your credit score. If you
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This note was uploaded on 03/06/2010 for the course ECON fin121 taught by Professor Peck during the Fall '10 term at Academy of Design Tampa.