Potret Kuli - Because the initial steps in getting car insurance at a good price can be so frustrating, most people tend to ignore it once they have it. That could be costing them considerable sums of money each year.
While it's easy to mistake auto insurance as something that's a relatively fixed cost, it's not. It can be lowered -- often easily -- to help you save money, the Insurance Information Institute says. Your savings will vary greatly depending on your driving record, vehicle and location, but it could add up to hundreds of dollars per year.
How would you pay to fix someone else's car if an accident was your fault? These are all questions that you should be asking yourself. In fact, these very questions lead us to some of the reasons why having a reliable car insurance plan in place saves you money:
Joining a car pool has benefits beyond helping the environment. If you carpool with three other people, with each driving one-week shifts, you can cut the miles you drive by up to 75 percent. And the less you drive, the more you save on car insurance.
"Most companies track mileage," says Art Scott, a retired insurance agent who worked for State Farm for 30 years. "Anything under 7,500 miles is considered the pleasure rate -- and that's the lowest. Up to about 13,000 miles is a medium rate, and anything over that is a higher rate."
The amount you save will vary depending on several factors, but J. Robert Hunter, insurance director for the Consumer Federation of America, says the difference could be as much as 25 percent.
When you have a comprehensive vehicle insurance policy in place, you will be given a rental car to drive while yours is being repaired or replaced. This means that you won't miss work, won't have to spend money on costly public transport, and you won't have to beg friends and family for lifts.
As you can tell from these three points above, having car insurance is absolutely crucial for both your wallet and for your own peace of mind. Not only will it save you time, money and heartache in the event of a collision, it also gives you peace of mind when knowing that you have roadside assistance and car hire while your car is in for repairs providing that you take on a plan that includes these options. It's just too risky not to have insurance. The money that you spend on your premiums each month will go a long way in saving you money later on in the event of an accident. Shop around for comparative insurance quotes from reputable companies and you may find that they are not even half as costly as you once thought.