Driving without auto insurance may cause serious implications to a driver who is stopped by law enforcement or who is involved in an accident. In 48 out of 50 U.S. states, auto insurance laws require drivers to carry minimum amounts of auto insurance at all times. It is a crime to drive without insurance. Sustaining an accident without insurance is devastating and may leave your life in shambles for a long time in the future. Driving without the state-required auto insurance coverage, and sometimes more is a mistake that you certainly want to avoid.
Many drivers are operating their vehicles without auto insurance due to the expensive rates. They take their chances rather than sacrifice paying their bills to cover the costs of auto insurance. Fortunately, there is no reason to sacrifice as you can save big bucks on costs of auto insurance if you know the secrets to savings. A wise driver once said, ‘let there be savings.’ And so, there was. Check out the year’s 5 top ways to slash auto insurance costs and forego the dangers and worry that driving without insurance cause.
One: Check Your Credit Score
Nearly all auto insurance providers check the credit score of applicants who apply for a policy. Obviously, the higher your credit score, the better your coverage rates. When was the last time you checked your credit report and credit score? It benefits you in a multitude of ways, particularly when it’s time to insure your vehicle. Everyone is entitled to a free copy of their credit report each year from the three major reporting bureaus. A copy of your credit score is available for a low cost. Dispute any inaccurate information on the report and pay effort to pay off all valid debts.
Two: Compare Insurance Providers
Free auto insurance quotes provide the tools needed to compare rates with several companies before selecting a policy. Many factors determine your policy costs, which causes your rates to fluctuate from one company to the next. Only through comparisons will you find the insurance provider who best suits your needs -and budget. Buying auto insurance without first making the comparisons could be a costly mistake on an already expensive product. It’s free, requiring only a few minutes of time, so compare those rates!
Three: Increase Your Standard Deductible
The standard deductible on most auto insurance policies is $500. This is the amount you’ll pay before insurance covers costs for damages. However, increasing the deductible amount to $1,000 or more is a wise choice for safe drivers interested in reducing auto insurance costs. While this increase places more burden on your shoulders after an accident, you’re likely to save considerably more money overall.
Four: Be a Good Driver
Following speed limit signs and other road laws protect you and other drivers and pedestrians, reducing risks of collisions and accidents. It also benefits drivers since auto insurance companies offer a slew of discounts to good drives, as well as the lowest prices for auto insurance coverage.
Five: Take Advantage of Discounts
Insurance companies compete for their customers. As a result, they’re notorious for offering a variety of deals and discounts to entice -and keep- customers. Most agents offer a list of discounts you qualify for but do not hesitate to inquire about discounts if this doesn’t happen. Discounts vary from one insurance company to another, but common discounts include multi-driver, multi-policy, loyal customer, student discounts for good grades, and many others.
Do not allow the expensive costs of auto insurance stop you from driving legally. The five tips above are only some of the many easy steps you can take to reduce costs of your coverage. Use these tips and others and finding the affordable auto insurance coverage you need and deserve is much easie than you might’ve thought possible.