How can I find insurance that I can afford?

Is there anything I can do to find a cheaper policy? I have had some really bad luck and been in a few high priced accidents in the past year. Now my renewal will be $500 per month, $375 if I take off full coverage. I can only afford about $100 per month. What should I do?

Answer provided by
Shannon Martin
Answered on Jun 24, 2021
Shannon is an expert in personal lines liability insurance with 13 + years of insurance industry experience. She also served as a special insurance liaison to AARP members for 6 of those years. She is a graduate of UL Lafayette and currently resides in NY with her family. Shannon is also an amateur juggler, ukulele player, and is a time travel paradox theory enthusiast.
“You are in a tough spot. Having multiple accidents close together is a warning sign with all carriers and the rates will be higher. It will take time and a clean driving record moving forward to get lower premiums in the future. Here are a few suggestions in the meantime.
The first option is to start getting car insurance quotes online. Your premium will be higher with all carriers, but maybe there is a carrier with something lower. Make sure to include your driving record when you request the quote. This way, the prices you receive will be accurate.
Look into taking a defensive driving class online. Many carriers will offer substantial savings and the discount will stay on the policy for 3 years.
If after price shopping, confirming discounts, and lowering the coverage, you still can’t afford a policy, you may need to suspend your vehicle registration and park the car until it becomes more affordable. It is better not to drive at all than to drive an uninsured vehicle.”

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