6 Tips To Save On Car Insurance
As with everyone in the United States, you need car insurance. Why risk a hefty fine and a ticket just because insurance can be expensive? It’s not worth it. “But insurance is so expensive, and I’m not a perfect driver!” We hear you. We know. No one is perfect. But believe it or not, you don’t have to pay through the nose to have decent car insurance. How’s that? Here are some tips that can help you save money today.
1. Know what your state requires
Although nearly every state requires drivers to carry car insurance, keep in mind that there is a minimum to those requirements and it varies from state to state. For example, New Hampshire and Virginia don’t require insurance, but New Hampshire drivers must satisfy a responsible owner’s fee, and Virginians must pay an uninsured motorist fee. Make sure to do your research so that you’re not paying for coverage you don’t need or that you’re paying too much for the coverage you have. If you don’t carry the minimum required by your state, your car could be towed, your license suspended or revoked, and you could face a court appearance. Is all that worth saving a few hundred dollars a year?
2. Carry proof of insurance to avoid higher rates
What are the risks of not carrying car insurance? First of all, it’s illegal, and you’ll be fined for not having insurance, even if you’re only stopped for a broken tail light or minor traffic infraction that doesn’t involve other people. Secondly, if you’re in an accident, you’ll be responsible for paying the entire cost of damages, bodily injuries, and liability. Your wages could be garnished. You could lose your house. That’s how risky it is to not have car insurance. Also, be sure to keep proof of insurance in your car! Some states will void tickets when you can later show proof of insurance; others won’t. Don’t risk it.
3. Determine what provider you’ll use BEFORE purchasing new car
Insurance for a new car. Don’t think that you can skate by with driving your new car off the lot and home before you need car insurance. There are security videos from car dealerships that show drivers pulling out of the driveway in a brand new car only to be T-boned by a passing vehicle. You’ll need to show proof of current, existing insurance to get financing or even if you pay for the car in full and in cash.