Florida Car Accident Lawyer Blog
Affordable car insurance may well be a safety concern. Being able to afford your premiums and finding a great deal can mean you are able to get better car insurance, meaning you may have more coverage in the event that you find yourself in a car accident in Homestead or your South Florida community.
There are several ways you can save money so you can buy more coverage:
1) Consider your car before your insurance.
If you’re shopping for a car, always compare insurance quotes on different models. This will help you consider the full budget of the vehicle to ensure you can afford more than just the bare minimum of insurance.
2) Update your insurance regularly.
If it’s been a few years since you got insurance, get new quotes. Many things could affect your premiums and your insurance needs may change. Your car may have depreciated in vale as it gets older, meaning you don’t need as much coverage for replacement costs. Your credit rating may have improved, meaning you qualify for better insurance. Get quotes every few years, just to make sure you’re getting the best deal.
Also, consider your insurance needs. If you now have children or a family, you mean we need even greater coverage to ensure everyone is covered in the event of an accident. If you don’t have underinsured or underinsured motorist coverage, secure it if it is at all possible. It will protect you if you are ever in a hit-and-run accident in Homestead or any other community.
3) Get a smart number of quotes.
Always compare insurance options either by speaking to an insurance broker or by comparing quotes yourself. However, don’t endlessly look for quotes. Looking for quotes temporarily lowers your credit rating as multiple insurers look at your score, meaning your quote will eventually become less competitive.
4) Keep track of how much you drive.
If the number of miles you have driven has declined because you have a new job closer to your home, this is important information. You may qualify for lower premiums because you’re driving fewer miles overall.
5) Consider your deductibles.
Start a savings account for deductibles. Being able to pay a larger deductible means you pay less on premiums. However, you must ensure you can pay the deductible if you’re ever in an accident. This is why a savings account with the full amount, to be used only in the event of a car accident, is a great idea.
6) Bundle your insurance options.
Getting your home insurance, life insurance, car insurance, and other insurance needs through one provider will generally help you save overall. You may also be able to get more widespread coverage by getting all of your insurance from one provider. When speaking to your insurer about bundles, be sure to ask about other ways to save, too? Can you get a discount if you take refresher driving classes? What about if you install a security alarm on your car? Are there any other discounts available? Be sure to mention to your insurer if you belong to any organizations or associations; sometimes this can get you a better rate, too.
Of course, saving money on insurance will only help you if your insurance protects you in the event of a car accident. That’s why you shouldn’t only shop by price. Be sure to carefully compare terms and options to find the best and most robust coverage for you. If you’re saving money on car insurance, use the savings to get additional protection for yourself in the form of either extra coverage or in the form of an emergency fund. If you’re ever in a car accident, this type of thinking ahead can really help you.
If you’ve been injured in a traffic accident in Homestead or anywhere in South Florida and are having trouble with your insurance carrier or need legal advice about filing a civil claim, contact Flaxman Law Group. We’d be happy to provide you with a free accident consultation so you can discuss your situation with one of our attorneys.