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Coverage vs. Cost: Does Cut-rate Insurance Save You Money?

Who wouldn’t want to save money on automobilebigstock-Saving-For-Buy-Home-148741919.jpg
insurance? Lower rates mean more money to spend on other essentials or luxuries, but switching to an insurance company that offers a lower cost policy may cost you more in the long run. Your new cut-rate policy may not offer the same protection as your previous policy – and it may be up to you to make up the difference if you’re in an accident.

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