Cheap insurance can still provide sufficient coverage
Scaling back on insurance could leave people vulnerable to surprises
Many people are cutting back as the recession lingers on. Americans are cutting back on luxury purchases, big ticket items, dining out and vacations to name a few.
Other people are negotiating prices, clipping coupons and hunting for bargains. Many people may be looking for cheap insurance quotes to determine if it is worth switching carriers to save some money.
Be careful, warn many experts, before cutting back on important coverage on auto, life and health insurance plans. Cheap insurance doesn’t mean a consumer should be vulnerable to surprises.
An article from the Associated Press profiled one man who scaled back his disability insurance coverage to save money and shortly after learned of an illness and was without proper levels of coverage.
Experts in the article suggest shopping around for better insurance quotes – many people have been finding good deals in this market to lower their monthly payments but hold their level of coverage constant.
Using the internet is an easy way to compare quotes, carriers and coverage before even talking to representatives.
Learn how easy and convenient shopping for auto insurance can be. Get your free auto insurance quotes today!
Posted: June 18, 2009
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