If you’re a high risk driver, you know it. Why? Never in your wildest dreams did you ever imagine paying so much to insure a vehicle. The amount is astronomical making how to lower your auto insurance premium top the list of your financial to do list. Although getting your rates down to what they were in the past – prior to whatever drove them up in the first place – might be impossible, as an insurance professional I know there are ways to give yourself a break.
- Drive an older car. Temporarily set aside your fantasy of steering a sports car or fancy truck around the neighborhood for everyone to see. Instead, opt to drive a car at least 10 years old. This way – you only have to purchase liability coverage and can forgo other expensive options such as collision and comprehensive. All you need to be legal and adequately insure this type of vehicle is an inexpensive, bare-bones policy.
- Change your vehicle’s usage. The more you expose yourself to high risk situations like rush hour traffic the more you pay. Switch your vehicle usage to pleasure only. Take a bus to work or pay a co-worker to pick you up. You will be surprised at how much you lower your auto insurance premium with this act alone.
- Challenge your driving history. Were you really at-fault for your last auto accident? Don’t be afraid to revisit the facts. Police officers, claims adjusters and witnesses make mistakes. So, if what happened was murky in the first place, you want to reopen your claim. Your main task is to be sure your within the grace period to challenge an auto accident.
In conclusion, if you’re a high risk driver, the above are three viable ways to lower your auto insurance premium. Before resigning to shelling out your hard earned cash, try them. You might be surprised at the end result of your efforts.