• You just found out you're being dropped by your auto insurance company, just as you're planning that weekend trip to your best friend's wedding---which is just four weeks away. Records show past traffic violations and accidents that will impact the price of the auto insurance. It simply needs one catastrophe to be harmful to the financial well being, eliminating years of hard work. One of the most insidious types of insurance scams, the drive down, involves a scammer driving past a busy entrance ramp or intersection while you are waiting to merge. In addition, before buying a car, check to see if it is listed on any of the 'most stolen' lists.

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    In addition to uninsured motorist coverage, which nearly all states require, many also require that you carry underinsured motorist coverage. Many vintage car owners commit the mistake of accepting the first offer that come their way or somecheap classic car insurance offer that are available to them. Think of it as getting a bulk discount: You are purchasing more services from the same company, so you can expect to be rewarded with a lower, per unit cost. If you know what exactly the auto insurance companies will give you discounts for, you can find cheap car insurance for a young drivers. The old Aesop's fable "a stitch in time saves nine" is as relevant today as it was in Aesop's time.

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