How to Save Money on Car Accident Insurance Premiums?
Car accidents are common. But this doesn’t mean you have to pay hefty premiums. Especially when you are in touch with a reliable insurer with the clever maneuver. A reliable insurer helps you save your hard-earned money without making a hole into your pocket.
Bitter but true words if you have met with an accident then you may not get as affected by the injuries as you would with your increased car insurance premiums. It often hurts your pocket when your car insurance is up for renewal. Because often insurance companies raise the premiums for drivers who have recently met with an accident. But if the accident was not your fault and your driving history is free from any violations or tickets then you are safe from any premium hike.
But if it’s the other way around then you need not have to panic as the following advice will help you put a brake on increased premiums while going for car accident insurance in Staten Island.
Inform your insurer about even the smallest of incidents- If it is too small then you must keep your insurer in confidence. They are the rightful person to discuss the matter with. You know If they don’t know about it, they can’t increase your premium later, right? Well, it’s not often true. If the other driver sues you weeks or months later, you wouldn’t even get a chance to talk to your insurance company and claim the insurance. This is why if you’ve met with an accident, it’s always safe to share the same with your insurance company and be at the safer side.
Ask for accident forgiveness clauses- According to the latest statistics, most drivers will get into one car accident every 17.9 years. Because some insurers have accepted that accidents are simply a part of life, they’re willing to ignore your first mishap and not raise your premiums.
Enhance your deductible- You can still lower the amount of your premium if in case your insurance company does raise your premium, just by increasing the deductible. For instance, increasing your deductible from $200 to $500 could reduce your car insurance coverage cost by 15 to 30 percent.
Do not miss the chance of taking discounts- Last but not least, you must never miss the opportunity of taking discounts that your insurance company offer you when you are a long-term customer and if you drive less than 10,000 miles per year.
Keep these points in mind, no matter how small or big car road accidents you’ve met with that will help you lower the premium of your car accident insurance. Till then stay blessed and drive safely.