Desmond Insurance Blog
Every driver knows the importance of having active car insurance. Nearly all states require car owners to get their auto insurance. If you are apprehended driving without car insurance, you could face legal consequences for violating a state regulation. In case you accidentally hit someone while driving your vehicle, you will have to pay the person’s medical expenses and other legal fees out of your pocket.
However, many Americans are affected by the closures of many businesses as a result of the pandemic. They are currently facing a challenging situation of how they can pay their car insurance premium. Almost everyone right now is tightening their belts so they can cover the daily expenses of their households.
Do Your Homework
Before you purchase a vehicle, you should do your homework and research for the right car insurance. Your car’s price, repair cost, vulnerability to theft, and safety record are the drivers of your auto insurance premium.
You can request quotes from several insurance companies in your locality. Compare the coverage and price that each insurer is offering so you could determine which of them is the best deal for you. Do not solely select an insurer due to the lower price. It is advisable to check customer feedback on their service. You pick the top two insurance providers and talk to their representatives to inquire more about their policies. Your goal here is to get the right coverage at the most affordable price.
Be a Safe Driver
Insurance companies are using your driving record as one of the bases for your car insurance cost. Your driving behavior correlates to the level of risk associated with you. Car owners who have a clean driving history are more likely to get lower rates and better discounts.
In most cases, drivers with minor violations such as speeding tickets could increase your premium cost. Many speeding tickets indicate that you have a high-risk of hitting someone on the road and getting involved in a road accident. If you have major violations like driving under the influence, your car insurance premium could potentially increase by 100% compared to a safe driver. Worst of all, if you have multiple violations and accidents, you might have a hard time getting auto insurance. So, it is beneficial always to have self-awareness when driving on the road.
Meanwhile, several insurance providers give discounts to a driver who finished a recognized defensive driving course.
Consider the Type of Car
The vehicle type that you drive can influence the cost of your car insurance premium. Someone driving an ordinary four-wheel drive will pay a lower insurance premium than someone driving a luxury sports car.
The explanation is quite simple. The cost of your vehicle affects the amount of premium you should pay. A luxury sports car has a higher likelihood of being stolen than an ordinary car. Hence, you will pay more premiums. Also, a typical four-wheel drive will have a lower cost of repairs than a luxury sports car. As a result, the owner of the ordinary four-wheel vehicle will pay less premium. Engine size and overall vehicle safety record are other factors affecting auto insurance premiums.
Some auto insurers offer a discount for vehicles with safety features or equipment.
It is not wise to drop your car insurance because you are having difficulties paying it continuously. Remember that it is costlier to pay the expenses associated with a road accident from your pocket. There are many available ways to lower your auto insurance premium. Hence, it is essential to talk to your insurer to discuss the options to lower your car insurance premium. Today, most insurers are open to adjusting your policy’s features and coverage so you can keep it.
At Desmond Insurance, we put our clients first by offering them policies that they can afford. Having insurance is a necessity nowadays and we're here to help you out. Learn more about our products and services by calling our agency at (859) 491-5100. You can also request a free quote by CLICKING HERE.