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Should I check around for lower car insurance now since I have paid the car off?

Should I check around for lower car insurance now since I have paid the car off?

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Auto Insurance is essentially a premium paid to cover the perceived risk, and cost, of any damage and expenses that may need to be covered in the case of a future accident.

Since you have had the car for several years, and the auto is paid off, your insurance carrier may perceive your risk level to have dropped materially. Additionally, your car may have depreciated, reducing the replacement value which could also lower your future premiums.

Bills.com makes it easy to get an insurance quote. Please visit the auto insurance page and get a Free Quote from one of partners that may be able to save you money.

Best,

Bill

www.bills.com

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4 Comments
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  • R
    reply,
    Jun, 2010
    thanks for the information .I will take my all decision with my wife and my family. Car Insurance Rates
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    Mar, 2009
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  • CD
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    Feb, 2009
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