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Friday, September 11, 2015

Overpaying for insurance: Here's how to save money - by Jean Chatzky

Most people could save hundreds of dollars a year on their auto insurance, according to a recent survey. In this installment of TODAY'sFree Money series, we'll offer some tips that may help you trim what you pay not just for auto insurance — but for homeowners, life and health also.

Insurance is a complex product — and people find shopping around for it frustrating, so they don't.

According to the J.D. Power And Associates 2013 Insurance Shopping Study, the percentage of consumers shopping around for a better deal on auto insurance is at a six-year low. Strangely, this is happening at the same time that the Internet has made it easier to shop for coverage and to
find discounts.

With that in mind, here are some ways you may be able to cut your insurance costs by tweaking your coverage. Ckick on the link below to see how.

Read more: Overpaying for insurance: Here's how to save money - TODAY.com