FRIDAY, JANUARY 29, 2021
 While car insurance is crucial and often mandatory in the states, it’s not always affordable. Unfortunately, struggling to pay for your car insurance can lead you into even more trouble, such as legal repercussions, fines and license suspension if you are caught driving without the necessary coverage.
There are ways you can save money on car insurance so long as you know where and how to look.
Shop and Compare Quotes
There is a common myth that receiving car insurance quotes can affect your credit. On the other hand, it has little to no influence on your credit score and can only benefit you when it comes to finding an affordable car insurance policy. Shop around and compare quotes between multiple insurers. This can help you compare prices for the same coverage and choose the cheapest option.
Know Your Requirements
Although full coverage auto insurance is often recommended for many drivers, it isn’t always affordable. Knowing the minimum requirements of your state can help you find enough coverage to drive legally without spending on extra coverage.
In Alabama, for example, all drivers must carry at least:
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$50,000 in bodily injury liability per accident
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$25,000 in property damage liability
Since this insurance is legally mandated, all insurance providers must offer this coverage to their clients.
Choosing less coverage can be the best option for some drivers, especially if you have an older vehicle. On older vehicles, it may actually cost more to carry full coverage than it would to repair or replace the vehicle out of pocket after an accident.
Raise Your Deductible
Raising your deductible can save you money on monthly premiums, but it also means paying more out of pocket after an accident. Carefully weight your budget. If you can afford a little more each month, you may choose a lower deductible. On the other hand, if you can better afford saving up to meet your deductible, you can choose a higher deductible to reduce your premiums.
Ask About Discounts
Most insurers have an entire list of discounts to help their drivers save money on auto insurance. Ask your insurance agent (or potential insurance agent) if you qualify for discounts such as:
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Low mileage discounts
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Mature driver discounts
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Good student discounts
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Military discounts
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Senior discounts
No matter what your situation, speak with an insurance agent about ways to save money on auto insurance. They will help you find a policy that suits your budget.
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NOTICE: This blog and website are made available by the publisher for educational and informational purposes only.
It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional
in your state. By using this blog site you understand that there is no broker client relationship between
you and the blog and website publisher.
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