All Hope Is Not Lost If You Can’t Afford Your Car Insurance
Find out if you’re getting ripped off on your car insurance in less than two minutes.
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Shopping for car insurance can seem overwhelming, especially if you are worried about how you will afford it.
But car insurance is legally required for most drivers, and let’s face it—most people need to drive in order to get to work and complete other tasks.
The good news is there are many ways that you can save on car insurance while still making sure you’re adequately covered should you unfortunately be involved in a car accident.
Simple tricks to save on car insurance
One way to save money on car insurance is to look at what coverage you have, and see if there’s anything you can drop. Many states require a minimum amount of car insurance, so just having the amount of coverage required by your state, and nothing more, is one way to save as much money as possible.
It’s also a good idea to look for car insurance discounts. Sometimes, if you have a clean driving record, have a good credit score, take a defensive driving course, have homeowner’s insurance, and/or are a student, you may qualify for a discount.
When you signed up for your car insurance, there may have been discounts available to you that you overlooked, so make sure you double check with your insurance carrier if you qualify for any.
If you don’t qualify for any car insurance discounts and you’re not comfortable changing the type of car insurance coverage you do have, it might be a good idea to look at all areas of your budget. You might be surprised at where you can cut down on expenses.
Finally, is it possible for you to stop driving altogether? If you don’t drive, you don’t need car insurance. This is probably not a realistic solution for most people, but if you live in a large city, you may have other modes of transportation available to you.
Save on car insurance premiums
Another way that people save money on car insurance premiums is by taking on a higher deductible to lower monthly payments.
However, there are a few things to consider if you are thinking about going with this route.
Your deductible plays a big role in determining how much your car insurance costs. When an accident occurs, your deductible is the amount you pay before your insurance kicks in.
For example, if you have a $1,000 deductible, it means you are responsible for paying $1,000 if an accident occurs. So, if you have a lower deductible, you’re going to pay more each month, while a higher deductible means lower payments.
However, having a lower deductible also means more coverage, and that you will pay less out of pocket if you are involved in an accident and need to put in a claim.
The best thing to do before adjusting your deductible to save money is to really review your own finances and claim history. If you’re concerned about covering out-of-pocket costs should an accident occur, you may want to consider sticking to a lower deductible plan.
Save with Jerry
One of the best ways to make sure you are saving as much money as you can on car insurance is to shop around and compare quotes—this way, you can feel confident that you are getting the very best rate. Luckily, Jerry can easily do this for you.
Without long forms, Jerry’s free app compares quotes from up to 45 different insurance companies for you in under a minute, helping you save as much money as possible, despite increased car insurance costs.
As a licensed broker, Jerry also takes care of your insurance needs from start to finish. The app also monitors your car insurance rate every six months on an ongoing basis.