When trimming expenses, there are some that might save you a couple of bucks initially, but they might end up costing you much more in the long run.
When it comes to car insurance, here’s some cuts you should consider:
"If you have towing coverage through a motor club and on your car insurance, nix the towing through your insurance carrier. If your old clunker isn’t worth much, consider dropping the collision coverage. Your savings will vary depending on your carrier.
"You can also find a payment plan to fit your budget. If you can afford to pay your premium every six months, you might save 10 percent compared with 12 monthly payments. On the other hand, if money is tight, maybe a monthly bill would help you budget."
Source: Bankrate.com
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