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06-23-2008, 09:43 PM
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#20
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Senior Mommysavers Member + Approved Trader
Last Online: 11-17-2009 08:34 AM
Join Date: Jul 2006
Location: North Dakota
Posts: 303
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Auto payments and insurance: if you have a multiple-vehicle loan, when it is paid down sufficiently you can request the title for one vehicle from your bank and therefore reduce your auto insurance coverage. We were recently able to reduce our coverage to just liability on one vehicle after getting the title from the bank and saved $200 in premiums.
Auto insurance (part 2): take a defensive driving course, let your agent know if you drive your cars very little (called "pleasure driving" if driven less than approx 7,000 miles per year), and have a higher deductible ($500 rather than $250) to save on insurance premiums.
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