More Drivers Dump Colorado Auto Insurance Due To Economy
Brooke Thatcher from KUSA reports that the number of drivers without Colorado auto insurance is growing, from an already shocking 15% in 2007. The economy is causing people to cut back on car insurance, but doing so could be more dangerous to their finances in the long run. If you get into an accident while driving uninsured, your income and assets could be garnished!
Thatcher suggests safer ways to save money on auto insurance:
- Raise the deductibles for comprehensive and collision coverage, and or/lower their coverage limits. (However, don’t skimp on uninsured motorist or liability coverage.)
- Talk to your insurance provider; they may be willing to help you modify your plan.
- Get auto insurance quote comparisons from several companies, and see if you can get a better deal on your rates.
(Photo credit: swruler9284 under CC 2.0)
Tags: auto insurance quote comparisons, collision coverage, colorado auto insurance, comprehensive coverage, liability coverage, Uninsured, Uninsured Motorist
