For millennials, navigating the world of car insurance for the first time can be daunting. This is especially true with student loan payments piling up and a difficult housing market to deal with. So whether you’re getting kicked off of your parents’ insurance, are buying a new car, or are looking for some lower rates, here are a few tips to help you find the best car insurance possible.
Don’t Pay for Coverage You Don’t Need
Car insurance is required — so even though one in six Colorado drivers drove without having insurance in 2012, you do need some level of insurance. However, you don’t necessarily need the most expensive package. Most states have minimum requirements for insurance and that’s really all you need to have.
But insurance packages can have a wide variety of coverage options — medical coverage (3 million people are injured in car accidents on U.S. roads every year), roadside assistance, and other features may be available, most likely at higher prices.
If there are features you feel like you need, make sure they’re included in your plan. But if your insurance agent suggests a plan with features you don’t really need, stand your ground and say you want something more simple. This way, you can have affordable insurance and not pay for things you don’t actually use.
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