Discovering YOU Magazine August 2019 Issue | Page 26

MIND YOUR BIZNESS

which can end up costing you more than any late fee! So, when auto-pay takes effect, make sure you review the monthly statements. If you see an additional charge or a price hike take effect, follow up immediately.

2. Research rates at least twice a year. While your service provider may offer

this rule applies to all service agreements. For example, did you know you can switch your car insurance anytime without paying a penalty? It's true! In fact, once you switch, your old insurer will send you a rebate for the balance, even if time remains on your six- or one-month policy. So, go ahead and shop around. If you find a car insurance provider that's more

excellent service at a great rate, it's always possible there's a better deal for you somewhere else. Take time to research and compare the going rates for things like internet service and car insurance - you may be pleasantly surprised. To make sure you follow this step, set up six-month reminders on your phone or calendar and commit yourself to following through. If you end up using the service less often than you planned - or not at all - this reminder can give that much-needed nudge to reevaluate.

3. Take time to fully understand your options. As you know, some service agreements, such as gym memberships and mobile phone contracts, can't be canceled without penalty - at least, not until you've reached a specific end date. But don't make the mistake of thinking

affordable and provides the coverage you need, you can reap the benefits right away. Just remember, if you do decide to switch, don't cancel the old policy until the new one is officially in place. Otherwise you might get charged a penalty for the gap in coverage.

How to save on a big bill: Car insurance

Looking for a better price on car insurance? TheZebra.com allows you to see how your current policy stacks up to the rest. The Zebra is the only auto insurance comparison site that shows you all your options side by side, and never sells your data. When you shop around with The Zebra, you can rest assured knowing you won't get any unwanted calls or emails. Visit www.thezebra.com and see how much you could be saving on car insurance.