Carrying auto insurance is the law in most states, but according to the article “How To Cut Your Auto Insurance Bill” on bignews.biz drivers in record numbers are dropping their auto insurance policy because of unemployment and other financial issues. The recession has taken a toll on us all. But dropping your auto insurance can cause big problems and is not worth the risk.
Just one auto accident can ruin you financially if you are not insured, not to mention get you in big trouble with law enforcement. If you are struggling to pay your bill, you are much better off in the long run to look for ways to decrease your auto insurance rate instead of dropping your policy altogether.
One way to decrease your auto insurance rate is by raising your deductible to a higher level. Another important step is to compare auto insurance quotes. You can do so online, over the phone, or by visiting a nearby auto insurance agent. Doing so can save you hundreds and the process is relatively painless. Protect your assets and stay honest by keeping auto insurance policies in good standing if you are driving on the road.