Tight Budget? Five Reasons You Can't Drop Your Car Insurance
A lot of people are feeling the economic pinch. If you look around it seems like the sky is falling and all of a sudden there’s no money anywhere. A lot of Americans are tempted to drop their auto insurance because, when tightening their budgets, the realize that insurance is a bill in every sense of the word (that’s why you should make sure you have the best possible rate).
Here’s FOUR really good reasons why you shouldn’t drop your car insurance:
1. ALL states have what is known as “minimum car insurance” laws that always affect you. Most are 25,000/50,000 coverage. Your thinking might be that you can get away without having insurance if you can just somehow avoid a collision. Here’s news for you. Driving without insurance is a crime. Not only is there a law that you have to have car insurance if you own a car, but there are laws that say you have to show proof of your insurance policy whenever asked. You can’t prepare for that. Nor can you prepare for random accidents or traffic violations. Even if a cop wants to pull you over just because, he has every right to.
2. This is flat-out sneaky. Some states nab you without insurance by sending you a notice in the mail. They tell you to send in proof of insurance that you had an active, current car insurance policy on the day that the notice is dated. If you get caught this way, there’s just no legal way out of it. You’re caught.
3. There are killer fines and penalties. These can get ugly. Fines up to $5000, some awesome jail time, car impoundment, suspension, indefinite suspension, all that nice stuff. And then you’ll be nabbed with a massive fee just to get driving again. Not cheap. If you’re looking to lower your costs, this is just not the way. Shop around for new insurance if your premiums are too high.
4. If you do get in a wreck, you’ll be liable for ALL damages. This can easily bankrupt a family. It’s happened many times. Even people WITH insurance get bankrupted because they only had collision or liability and the policy didn’t cover all the damages. Just remember, auto insurance protects your family’s finances. You can look at it like this, if you decide to pay a bit today, you’ll save yourself a ton tomorrow. It’s worth keeping insurance in your budget.
5. Here’s the kicker. If you do take your chances, but are caught driving without insurance, getting insured after that is almost impossible. If you think that auto insurance is expensive now, just wait till you get busted. It gets ugly fast. Your only option will be the bus.
Driving without auto insurance coverage is stupid and against the law. Above all, it won’t save you a penny in the long run. I promise.
If you’re needed to lower your rates, shop around and chances are you can find a cheaper deal. Put in your zip below and get some FREE quotes. You’ll be glad you did.
