Life
changes quickly. Luckily many of those shifts can have a positive
impact on the family budget, specifically in reducing car insurance
rates. That’s why experts recommend
reevaluating your policy once a year, but until now there wasn’t an efficient way to do so.
As an independent, unbiased resource for auto insurance rates and information,
Goji has created an online comparison that lets drivers quickly navigate the
most accurate policy and price options across major carriers, with the added benefit of personalized and objective advice from licensed agents. Through Goji, about
85 percent of drivers will find a price that’s lower than what they’re paying today for the same coverage or better.
The experts at
Goji point out these five milestones that can equal big savings on auto insurance:
·
Getting Married or Buying a House:
When
it comes to insurance, combining policies often gets a couple better
rates and coverage than if they remain separate. The cost can be further
reduced by grouping auto and home
insurance
·
Having Children: Parents often switch to a more practical car with a good safety
rating – trading in that sports car for a minivan can dramatically decrease a premium
·
Teenage Driver in the House: Adding a teenager to a policy will raise the cost
but some
carriers offer discounts that can help ease the rate hike such as a
“good student discount” for students maintaining a B average or higher
·
College-Bound Kids:
Parents with kids going to college can actually
save money. Premiums can be reduced by 10 to 20 percent if the
student attends a college more than 100 miles away from home. If a child
is leaving for college and takes their car, parents should be to alert
their insurer – keeping them in the loop can
be beneficial
·
Owning to Financing:
After
upgrading to a newer vehicle with more value, most lienholders will
require you to carry comprehensive and collision coverage, which will
result in an increase of premium. That
means it’s important to comparison shop for the best new price.
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