Insurers used to suggest that home and auto insurance policies were fairly recession-proof, with drivers and homeowners typically maintaining the same coverage each year, no matter what. Not anymore [...]
Article mentions that many people are dropping car insurance coverages that aren't required such as comprehensive and collision. It's often said that you should only buy insurance for the big stuff, so this can make sense if your car is only worth a couple of thousand dollars and you have emergency funds to easily cover that. Another option is to just raise your deductibles.
Submitted: Apr 18, 2009
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View Article: http://money.cnn.com/news/newsfeeds/articles/djf500/200904171602DOW...
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