Insurance: Why change to save money?
I remember when I was sixteen my parents said if I wanted to drive I would have to cover my part of the insurance. Twenty-six years ago I think that amounted to $100-$200. Even as a kid I thought that was really expensive but didn't know much about how the world works. So I had a job and handed the money over to my parents when the time came. Life was good. Then I went off to college and eventually bought my first car. Sorry to say but my financial skills were poor and I actually used student loan money to pay for that $900 piece of steel. At that time I switch from my parents insurance to my own. I was able to find a company that provided the same coverage but costed less. Then I started looking at the coverage amounts and they were in excess to cover my clunker. Did I really need full coverage or just liability? So I continued to learn and find ways to save money. Fast forward to today and the cycle continues....