Already on ArticleSlash?

Forgot your password? Sign Up

Boost Your Gas Mileage By Adjusting Your Car Insurance?

Dan Morton
 


Visitors: 175

Can this be true? It sounds almost as good as the “run your car on water" scams out there today. In reality, making adjustments in your car insurance won't increase your gas mileage one bit. But, if you make the right changes, you could save more money on the total cost of ownership (the amount you pay for EVERYTHING car-related), than you could ever hope for by squeezing out an extra mile or two per gallon.

  • Carry liability only. Are you driving an older car? Is it worth $3,000 - $4,000 or less? Find your insurance policy (or call your agent) and see if you carry comprehensive (comp) & collision, towing, windshield replacement or other such coverages. If you're currently paying for any of these items, the cost could far outweigh the benefits.

    In my case, my 1994 Taurus is worth about $1,500 - comp & collision would cost about $600 a year. It doesn't take a genius to see that in less that three years I'd have paid far more than the car's worth in insurance premiums. Better to put that money into a savings account.

    A word of warning: Don't skimp on the liability (the insurance you carry if you damage others). You may have a cheap car, but you may have just totaled a $200,000 Mercedes. You will still have to make good on the Merc even if your insurance stops at $25,000.

  • Shop around for the best insurance deal. There really isn't any reason to not change your insurance carrier IF you can save a buck or two (or more). It's like getting a mortgage for your home - get the cheapest overall money you can. But, make sure you consider the TOTAL cost package. As long as the insurance is comparable and the carrier is licensed to do business in your state, you could be a winner.

    Make sure you read the fine print as some companies charge an upfront “application" fee that could make the change a non-profit deal. And, yes - reputable online insurance companies are a good way to go - as long as the dollars work out.

Add some Sanity to a Crazy World, see http://www.AutoSanity.com

Like Hot Rods and Classic Cars? see http://www.RodnClassic.com

(394)

Article Source:


 
Rate this Article: 
 
How to Boost Your Insurance Payout on Property Damage Claims
Rated 4 / 5
based on 5 votes
ArticleSlash

Related Articles:

Run Your Car on Water and Boost Your Mileage

by: Gary Varga (September 10, 2008) 
(Automotive)

Boost Your Gas Mileage I Have Proof!

by: Kate Carpenter (June 16, 2008) 
(Automotive)

Boost Gas Mileage in Your Car, Truck Or SUV Using Good Ole H2O

by: A. Drake (July 24, 2008) 
(Automotive)

5 Easy Ways to Boost Your Gas Mileage Now!

by: John Kochanski (September 12, 2008) 
(Automotive)

4 Hypermiling Tricks to Boost Your Mileage

by: John J. Drummond (July 15, 2008) 
(Automotive)

Boost Your Gas Mileage #3 - Even More Ways To Save Money

by: Dan Morton (May 26, 2008) 
(Automotive)

Homemade HHO Generator - Build Your Own Hydrogen Gas Saver to Boost Gas Mileage

by: Isache Chew (September 22, 2008) 
(Automotive)

Hydrogen Gas Generator For Cars Gas Mileage Boost Or Bust, the Inside Scoop

by: Isache Chew (July 13, 2008) 
(Automotive)

Nicotine Boost Increases Insurance Premiums

by: Krista Farmer (January 29, 2007) 
(Health and Fitness)

How to Boost Your Insurance Payout on Property Damage Claims

by: Mark Decherd (August 14, 2008) 
(Insurance/Home Owners Renters)