If you are tired of paying a lot for car insurance, that is understandable. In fact, you might be tempted to slash your insurance coverage to the bare minimums if you have not already. This move can sometimes pay off, but at the same time, it can be risky. For example, what if you get into a car crash and end up with serious injuries?
Rather than cut your coverage in the areas of bodily injury liability and underinsured and uninsured motorist bodily injury coverage, consider a few alternatives.
Compare insurers
It is a good idea to compare quotes from various insurers at least every few years. Every year would be ideal but perhaps not realistic. Anyway, after comparing, you may be surprised to see the different rates offered by different companies. For example, some companies may give you a steep discount if you drive fewer than 5,000 miles a year. You may also be surprised to see how your insurance costs might go down the longer you have the same car.
If you want to stay with your current insurer, touch base to see if you qualify for discounts that you did not before or if the company has added new discounts you could be eligible for.
Get a car that is cheaper to insure
It can be a pain to purchase another car, but if you have lost your job or were planning a car purchase anyway, then look into buying a car that is cheaper to insure than your current car. Again, compare quotes from multiple insurers.
Drive better
If you are in the habit of getting speeding tickets or tickets for other traffic violations, then your car insurance payments could be on a gradual upward slope. By driving safely, you could end up saving a bundle. Plus, you may stay safer in general, no small matter when trucks are whizzing by.
