Lower Your Insurance, Don’t Cancel It

Tips to Use When You Can't Afford Car Insurance

When you’re living on a tight budget, it can be difficult and rather stressful to work out where you should cut down on your bills. There are some payments that you need to make per month that are non-negotiable, such as the rent/mortgage, groceries, and the utilities. Where there is no room to simply stop making these payments, you need to figure out where you can save some money and lower your costs each month so that while you’re strapped for cash, you can still live.

Saving money is important to a lot of people. It doesn’t matter whether you are a student looking to cut some costs while you’re studying, or if you’re in the middle of pulling overtime shifts so that you can try and save a deposit for a new apartment, working out where you can lower your monthly costs isn’t going to be easy. One of the biggest places that people try and cut costs each month is surprisingly, their insurance. 11.3% of adults in the US do not have adequate health insurance, simply because they cannot afford the monthly premiums.

This is the same when it comes to car insurance and life insurance. This can be so dangerous as if you are an underinsured motorist you can guarantee you will end up needing the services of Blumenshine Law Group if you aren’t careful about your driving. Insurance should be one of those costs that you lower rather than cancel and reducing your premiums can be a good, easy way to save some cash each month. So, how can you go about that?

  1. Look at the safety of your car. Driving a car that has safety features built right in is the first way that you can qualify for discounts. Anti-lock brakes, anti-theft devices, and security features mean that your car is less likely to be in an accident, which lowers that premium right down.
  2. If you can, set your deductibles higher than they are right now. Your premiums will be lower the higher your deductible is, as the amount you are willing to pay in an accident is more.
  3. Extra courses for your driving skills is a good way to show insurers that you are a competent and capable driver. You don’t have to be a new driver or in the pension, age range to take these extra causes, as really any driver can benefit from an additional course. You can cinch a discount if you have the extra training under your belt, so you may as well look into it.
  4. Utilizing a garage rather than parking your car on an open road or drive is going to lower the amount that you pay in insurance, too, as your car is parked more securely.
  5. Compare as many quotes as you can for insurance. Not every company is going to charge you through the nose for insurance, but you do have to shop around for the best deals.

Lowering your payments to insurance is far better than going without. Keep yourself covered and pay attention to the best ways you can lower those payments to make life a little more comfortable.

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