What should my family do if they can't afford auto insurance due to the pandemic?
I just learned that my family has been driving around without insurance. With COVID-19, times have been hard and I know my parents are doing their best. If there is an accident, I don't want them to get in trouble. What should they do?
“Times are really hard financially and emotionally for a lot of people right now; your parents are not alone. Here are some suggestions that you can give to them, and I hope they help.
How many cars does your family have right now? If they have more than one, pick the car that’s in the best shape and park the rest. Insurance can be added back to them once it becomes more affordable.
Take a look at your family’s policy. While it is important to carry as much coverage as possible, it is more important to have an active policy.
Are there any coverages they can do without? Towing and rental reimbursement is an extra, not a necessity. Can they raise the collision deductible up to the highest limit, usually $2500?
If you or any siblings are under 25 and have driver’s licenses, you may want to surrender them to the state in exchange for a state ID. I know this is a big sacrifice, but having young drivers on the policy is incredibly expensive and if you have a valid license, you will have to be added. You can always get your license back later on.
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