Reduce Car Insurance Bills By Refinancing a Car Loan.
Our buddies over at Gas Blues point out thatyou may be able to refinance your car loan. If you have shown a good credit history, plus have paid off some of the balance, you should be able to qualify for better interest rates. Your car loan can get paid off quicker, and this may allow you to reduce your insurance bills in a number of ways.
1. Your loan amount would be cheaper.
2. If your car is paid off, you may choose to reduce collision coverage, and just keep the liability.
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