No need to panic--we've got tips to help you cut your car insurance costs.
Is your company's vehicle insurance too high? The Insurance Information Institute reports rates are declining in some states, but medical costs are rising. Meanwhile, a recent National Highway Transportation Safety Administration survey reveals many drivers aren't aware that their coverage is insufficient until after an accident. Here's how you can reduce insurance costs:
- Check your state's department of insurance for minimum insurance requirements. Check out www.ican2000.com/state.html for basic rate comparison surveys.
- With your employees' written permission, ask your local Department of Motor Vehicles for driving records if you insure drivers. Poor driving records mean higher insurance costs.
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