There is no way around needing car insurance. It is mandatory almost everywhere. We all have to have it. Well, I guess there is a couple ways where we would not need it and still not break the law. We could be that annoying friend that always needs a ride to go somewhere. The one that everyone avoids. Or we can take the bus and other public transportation and sell off the car. There are quite a few undesirable people riding public transportation, so do this at your own risk. Biking and walking everywhere is also a possibility, but who wants to arrive all sweaty somewhere after dodging in and out of traffic. It would fight the obesity problem sweeping the country though.
Or there is another way. A way that will allow you to afford both car payments and insurance premiums. Make sure you get the car insurance you need at the best price possible. How do you do that? Follow the tips below to lower your car insurance premiums.
I don’t mean go spend a bunch of money buying new things that you do not actually need. I mean that you should shop around for the best car insurance rates. However, just because a company might have the lowest rates, it does not mean you should sign on the dotted line. Make sure they are a respectable company with good reviews. Contact some companies online. They tend to offer better overall rates than your local car insurance agent, the only difference is their company could be much further away.
Car insurance premiums have skyrocketed over the last few years. They are higher now than at any other time in history. The main culprit for this is distracted driving. The number one reason distracted driving is raising our rates is because of cell phone usage while behind the wheel. Insurance companies are having to pay out for many more accidents. Distracted driving is even more dangerous than drunk driving nowadays. There are far more deaths due to using a cell phone while driving now than being intoxicated. It is not uncommon to be driving down the interstate and glancing over at the car beside you only to notice the driver is texting or taking a selfie. Put your phone away while in the car. Nothing is that important enough to be costing people’s lives.
Other Ways to Save
There are other opportunities to save money on your car insurance rates. Make sure you discuss with your agent if you do not drive that many miles each day. Many agents will know of possible discounts if you are putting less than 15 miles on your car daily. If you have a second or third car that rarely leaves the garage, make sure you tell the agent about its lack of use. It could just save you a few dollars.
If you have more than one car insured through the same company, they usually give some sort of small discount. This could work as well with having your home insurance through the same insurance company. I was able to save almost 20 percent off of my car insurance through switching my home insurance to the same company.
There is also the possibility of just getting the minimum car insurance needed. Liability insurance is quite a bit less than full coverage. This could be perfect for you if your car has high mileage and is not worth as much anymore. A car that is only worth a couple thousand dollars might not need full coverage. This means that you would not be reimbursed the value of your car if you have an accident and it is your fault, but damages to other things and medical bills would still be covered.
Lastly, you can always opt for a higher deductible. An auto insurance deductible is the amount you pay out of pocket before your car insurance company will chip in. This means that if you have a $1,000 deductible, and you are in an accident that causes $3,000 worth of damage to your vehicle, the insurance company only has to fork over $2,000 to help with repairs. Raising your deductible from $500 to $1,000 can help you save about ten percent on your car insurance premiums with some companies. Some insurance companies will even allow you to have a deductible of up to $2,500.
These are all possibilities when searching for ways to save you serious money on your car insurance premiums. It is illegal not to have car insurance, so follow these options and ask questions to your car insurance agent.