If you already have adequate health insurance, you may be paying for duplicate medical coverage in your auto policy. In some states, by eliminating this coverage could lower your personal injury protection cost by up to 40%.
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Cheap auto insurance could
cost you thousands of dollars.
Cutting coverage to lower your insurance costs could be, as Kiplinger's puts it,
"a fool's bargain." If you don't have adequate insurance coverage, one serious
accident could wipe you out. Keep your liability coverage as high as possible-experts
recommend 100/300/50-and look for other ways to lower your premiums, such as raising
your deductibles or taking advantage of available discounts.
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