Managing Your Retirement Funds Against Depletion

On the subject of managing your retirement funds against depletion

, you don't only have to make good investments - you also have to lower your expenses to stretch your budget. If you are among those seniors who drive, you'll want to reduce your auto insurance payments, too. Apart from inquiring about discounts from your agent, looking for better deals from a number of insurers, taking safe driving courses, and settling your annual insurance premiums with a lump sum, there are more steps you can take towards cheaper car insurance.

Investing in a multi-line auto insurance policy is sure to save you money on premiums and making your policies more manageable. Insurance carriers offering coverage for cars and homes may be able to provide you with this kind of policy, instead of purchasing separate auto insurance and home insurance policies.

You can even downgrade to a car with lower market value than your current one, which can help you cut costs on your insurance premiums. Your insurance company has less risk with a vehicle of lower value, which translates to lower premiums for you. Aside from that, fuel costs and maintenance expenses are typically a lot less with a cheaper car - this equates to big savings.

When you consider buying a smaller, cheaper vehicle, you should select a car that has safety features, including a car alarm, air bags, and an Anti-lock Braking System or ABS. You'll also get lower rates for your insurance premiums because this lessens the insurer's risk in case of an accident.

Since many retirees rely on fixed incomes to fund their retirement and wish to maximize their nest eggs, cheaper car insurance premiums can prove to be beneficial, especially in the long run. Talk to your auto insurance agent or your financial planner to find out more about saving on your auto insurance policy.

by: Carina Smith

POST COMMENT

Catching Up On Your Retirement Income Funds Caring For Corns and Calluses: What To Do and What Not To Do The Best Of The Cheap Stock Pick Pickers Of Today Universe Speaks:Why should we not all believe in God, the one and only? Stocks To Watch From Pennytobuck.com: Dtsl, Fedex, Prot, Arqule Exploring Beijing And Other Cities In Asia Anatomy of Skin and Its Care How To Buy Hdmi Wall Plate And Cables For Hdtv. The Virtual Assistant And You Weigth Loss And Its Importance Why Do I Feel Ashamed After My Husband Cheated And Had An Affair? Stock Update On Crwe, Csco And Orfg From Pennytobuck Dynamic signage In Bricks and Mortar Firms