News 12 First at 5, December 4, 2008
AUGUSTA, Ga.---Insurance companies are encouraging you to sit down and look hard at your policy. They believe you'll find things you don't need, and discounts that can help your wallet.
Becky Sears is filling up one of her big family's six vehicles. With five children, Becky welcomes any help on her car insurance bills. "We pay about $6,000 in car insurance a year, so if there was a way to save any of that money I would be more than happy to," says Becky Sears.
And most insurance companies are happy to help, like Allstate agent Neil Herriman. "What we try to get people to do is come in for what we call a policy review. Let's take a look at what we got, let's take a look at what we can do," says Herriman.
Neil says each policy really depends on each person or family and what they can afford. "I tell my clients all the time, I say, if I could tell you whats going on tomorrow, I'd tell you exactly what coverages to get today and you don't know. So you just have to do the best you can with the budget you have," says Herriman.
Something else insurance companies want you to look out for are discounts. There's all kinds of discounts, some for young drivers and some for older drivers, all so you can drive off with the most savings.
"That's the place I would start, is looking at adjustments and discounts that they can pick up then from there, lets look at our coverage," says Herriman.
Neil's advice would be first to keep as much liability as you can afford, second would be collision. Then everything else, like deductibles, are up to you to adjust. Just know what your adjusting. "Be aware of what your doing. Make sure you get it throughly explained to you and that you understand what's going on," says Herriman.
And in this need for a recession rescue, Becky has her own advice for you. "At this time it's kinda time to look around and see who else may offer a better deal for you," says Becky.
To keep more money parked in your wallet.
News 12 also talked with an auto repair shop who said they've also noticed the trend of people dropping their coverage, specifically collision altogether. Then they get into wrecks and can't afford to pay for the car to be repaired.
Now again, it is illegal to drive uninsured. We're just talking about trimming your current policy down to save some money, and it sounds like its possible for just about everyone if they take the time to look into it.