In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway discusses practical strategies to lower car insurance costs, especially as rates continue to rise across the U.S. He dives into some overlooked tips like defensive driving courses and annual policy reviews that could save you hundreds of dollars each year.

Key Takeaways:

Review Your Policy Annually: Don’t stick with the same insurance company out of convenience. Shopping around for new quotes yearly can lead to significant savings.
Take Defensive Driving Courses: Completing a course can save up to $233 annually on premiums, which compounds into substantial savings over the years.
Negotiate Your Rate: If you find a better rate elsewhere, ask your current provider to match it. Many companies would rather offer a discount than lose you as a customer.

Quotes:

"Never be loyal to an insurance company. It’s imperative that you shop around because rates can be competitive."
"It may not seem like much in one year, but think about it over 10 years. That’s a lot of money you get to keep in your pocket."
"When you're shopping for insurance, you want to find somebody who won’t give you the hokey pokey and make you turn all the way around."

💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!

https://calendly.com/abridgewaywm/consultation

📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting

🏠 Visit our Website: https://www.abrwealthmanagement.com

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video/Audio Credit: CBS Morning Show