How to Reduce Your Car Insurance (And Save Thousands)
The Personal Finance Podcast
Drop collision/comprehensive on old cars
Andrew explains when to drop collision/comprehensive using the 10% rule and vehicle value math.
Car insurance premiums are up 30% and most people have no idea they have the power to push back. This episode gives you that power in 10 steps.
👉 Join Andrew's FREE Investing for Beginners Masterclass.
What You'll Learn in This Episode
- The 10-step process to slash your car insurance bill starting today
- Why shopping your policy at renewal time is the single highest-leverage move you can make
- The 10-step framework to cut your premium without sacrificing the coverage you actually need
- The discounts your insurance company will never volunteer unless you ask
- When to drop comprehensive and collision coverage on an older vehicle
- How a modest $200 per year savings can grow into $88,000 over 40 years when invested
- How your credit score directly affects what you pay for car insurance
- Three listener money questions answered live, including how to handle a 40% RSU concentration and whether a 20-year-old should invest or pay off student loans first
Start Here
Join the community built to help you master your money, stay accountable, and reach financial freedom.
👉 Try Master Money Academy FREE for 7 days today!
👉 Join Andrew’s FREE Investing for Beginners Masterclass
👉 Join The Master Money Newsletter where you will become smarter with your money in 5 minutes or less per week Here!
Partner Deals
Indeed → Get a $75 sponsored job credit http://Indeed.com/personalfinance
Policygenius → Free life insurance quote http://policygenius.com
Acorns → Start investing + get $5 bonus http://acorns.com/pfp
Monarch → The all-in-one financial tool + Get 50% Off at http://www.monarch.com/PFP
Shopify → Sign up for your one-dollar-per-month trial today at http://shopify.com/pfp
Wayfair → Get 80% OFF on April 25th through the 27th http://wayfair.com
DeleteMe → 20% off with code PFP https://joindeleteme.com/PFP20/
Resource/s Mentioned
How to Pay Off Your Student Loans Fast
Tool/s Mentioned
Episode/s Mentioned
How to Master Your Student Loans with Robert Farrington
Watch Next
The 3 Major Financial Milestones (This Will Change Your Life)
How to Fix Your Finances If You Make $100,000 (and Still Feel Broke)
How to Plan Your Retirement (By Age!)
10 Reasons Smart People Are Bad With Money
The Money Plan for Couples: How to Build Wealth as a Team (Step-by-Step)
Connect with Andrew
Question for you:
Agree or disagree: Most people are overpaying for car insurance and do not even know it. Tell us why in the comments.
Learn more about your ad choices. Visit megaphone.fm/adchoices
The AI-powered Podcast Player
