First things first – While penalties vary state to state, you can
guarantee that driving without coverage will take some clank out of
your bank. Uninsured drivers can face a myriad of punishments for
merely being stopped and not being able to prove coverage. This fact
alone should be enough to convince you to start researching reasonable
insurance coverages for your vehicle.
Not persuasive enough? Consider your possible liability in the event of an accident…
Your vehicle collides with Mrs.
Baker’s vehicle. Mrs. Baker is a fourth grade teacher at the local
elementary school and is now facing $80,000 in medical bills, $65,000 in
lost wages and is requesting $200,000 for pain and suffering. That’s a
$345,000 claim that, unless you have adequate coverage for, you will
be pulling out of your pocket. Certainly in this case, as the too
familiar adage wisely states, it’s better to be safe than sorry.
So, you know you need auto insurance.
While it’s not sinfully delicious or nearly as enjoyable as turtle
cheesecake, lack of adequate coverage will definitely leave you with a
bellyache in the event of an automobile accident. It is possible to find
insurance you can afford.
Remember! Your car insurance rate is based on your insurance risk assessment.
If an insurance company determines you are a high-risk driver, your
monthly cost will be higher than that of the average driver. You CAN
remedy this! Let’s take a look at a few things you can do to reduce
your auto insurance risk which, in turn, could lessen your auto
insurance cost…
1) Purchase home/renter’s insurance
from the same carrier as your auto insurance. Some insurance companies
offer multi-policy discounts.
2) Always obey traffic laws,
specifically the speed limit. Insurance companies take note of your
driving record. More speeding tickets = higher risk driver = increased
auto insurance cost.
3) Study hard. Insurance companies often reward students with good grades with a student discount.
4) Purchase a vehicle that receives
notability for low damageability and increased passenger safety.
5) When given the option, purchase
additional safety features for your vehicle. (Air bags, antilock brakes,
etc.)
6) Take a driver safety course. A
defensive driving class could possibly reduce your insurance rate. If
not, it would at least make you more aware of the importance of being a
defensive driver.
Other things to keep in mind…
1) To the insurance company, plain and
simple, you are a set of risks. Anything you can do to decrease your
“risk factor” might affect your cost of coverage.
2) Always ask for discounts. Many
insurance companies offer deals for safe drivers. If you’re considered
less of a risk, they’ll likely reward you.
3) Always comparison shop. You can
always find a bargain if you know where to look. Insurance is such a
commodity. Comparison sites like HometownQuotes (http://www.hometownquotes.com) can help you shop for affordable insurance.
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