In Part 1, we detailed the first five strategies on how to slash your car
insurance costs. In Part 2, we show you the second four.
STEP 6 – Review,
Change or Cancel No Mistake & PIP (Personal Injury
No-Fault Coverage, and it’s really Twin – PIP – started out
as great idea’s. Your premiums were actually going to be lowered. Then, your
State Politicians got involved (at the urging of Insurance policies Lobbyists,
of course) and mucked it up.
You see, no-fault insurance coverage was originally intended to have each individual’s lessening, covered by their own convicted driver insurance company – no matter who was responsible.
Today, in many
States, car insurance companies are making a ton regarding on no-fault because
the insurance companies convinced State law-makers to help make “modifications.
Today, because of the these changes, car insurance agencies have
actually used the no-fault laws to reduce payments at a claim made by a
customer, instead of reducing car insurance premiums as it was supposed to
So , premiums keep going up-and-up and insurance companies finish up
paying less for claims – Someone’s getting high on that deal…. and it’s not
And to make counts worse, some States (with really, really talented
Insurance cover Lobbyist’s) also require an additional premium be paid atop the
no-fault premium. This beauty is called Personal Injury Coverage
PIP is a “wide-blanket” of coverage and can produce Collision
Coverage, Hospitalization, Social Security Disability, Workers Comp, Very own
Disability Insurance & Life Insurance.
The problem with PIP and what
it covers is….
You already gave most, if they are not all, of these
coverage’s anyway, don’t you? So , you’re compensating twice!
So , you
need to do a couple of things:
Google “minimum levels of recommended auto
insurance” to see if No-Fault Insurance and/or PIP Is called for in your
Then, check your policy. If it’s not required by your Say to have
No-Fault/PIP Coverage and it’s on your policy – get rid of it. If No-Fault/PIP
is required by your State…. take the most critical minimum. Here’s
If you must have No-Fault/PIP, ask for and become a deductible from
your car insurance company.
STEP 7 – Cancel Medical related
Medical Coverage, on most car insurance policies, is a swear to
pay “reasonable” medical expenses for anyone who is riding in your car in case
you have an accident… as well as anyone in your car should it get hurt by
Cancel it. You don’t need it.
Why is that everyone
say? Well, medical coverage as part of your car insurance policy is a content of
– Medical Plan; – Any Life Insurance Coverage you’ve got, as
well as; – The Liability Sections of almost every car insurance policy written
on the U. S.
Think of it this way…. Do you have a
Health/Medical/Hospitalization Plan through work or an Association you belong
Then simply why are you paying premiums for Medical/Hospitalization
Coverage for your Car Insurance Policy?
Here’s what’s going to happen
when you tell the car insurance corporation or Agent that you “Don’t want the
Hospitalization/Medical Insurance plan. ” You’re going to hear very slick “scare
tactics” that can help change your mind.
The insurance company employee
will say “Well, if you’re inside an accident, and it’s your fault, who’s going
to cover the very medical bills for any injured passengers in your car? lunch
Here’s your answer. Your family is already covered by your
Health/Hospitalization Plan. If anybody else is in the car and they’re in pain –
they’re covered by your Bodily Injury Liability coverage are really already
paying for…. and their own Health/Hospitalization Plan.
So make the
purchase anyway – save some more money and get rid of this
MEASURE 8 – Cancel Death, Dismemberment & Loss of
Do you have any of these coverage’s on your existing car
insurance policy? If so instant cancel them.