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When trying to cut your auto expenses, the first thing you should turn toward is your auto insurance policy. With so many different companies offering insurance, you very easily could be spending significantly more per year than need be.
Not only is car insurance required by law, it also provides financial security in the event of an accident or theft. If something were to happen to your vehicle, you simply pay your deductible to your car insurance provider and they take care of the rest.
Certain states will take into account your credit score when writing up an auto insurance quote. Those with better credit will receive better and more affordable policies. It pays to have good credit. Allow your excellent credit score to save you money on auto insurance.
If your deductible is high, your monthly payment will be low. Use this with caution, though, because if you ever need to use your insurance policy you’ll have to come up with a large amount of money upfront.
And finally, the best way to save on your auto insurance is to comparison shop different carriers. At LendingTree, we do the work for you, allowing you to sit back and watch competitive offers roll in.
Auto insurance requirements vary by state. To find the best coverage in your state, select your state to view rates and offers from competing auto insurance companies.
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