As a college student, it can be difficult to pay for tuition—let alone normal day-to-day expenses like rent, groceries, and auto insurance. A quick comparison between your auto insurance premium and a few of your friends' and family members' premiums might leave you with even more questions, since insurance carriers use complex demographic data to determine rates and fees. Here are two strange factors that could be affecting your auto insurance premiums and what you can do to lower your monthly bill.
Having someone break into your home can make you feel as though your privacy has been violated, but there can be other ramifications even once the broken glass is cleaned up. If you choose to file a claim with your home insurance provider, you'll need to pay your deductible — which means that the break-in will cost you financially. Fortunately, homeowners can complete a wide range of jobs that will leave their homes less susceptible to a break-in.
Paying off a car loan not only frees up income, as you have one less monthly payment to make, but it also can help you reduce your auto insurance premiums. If you've recently made the last payment on your car loan, here's why you might be able to lower your car insurance premium -- and how to see if you can.
Choose Your Own Coverages
As long as you have a car loan, the bank owns your car, or at least a portion of it, and, therefore, is able to determine what coverages they want you to have.