If you recently caused a car accident and are afraid your car insurance premiums will skyrocket, you might be wondering what you can do to avoid having to spend a lot on your car insurance. While you cannot undo the accident you caused, there are several things you could do that might help you keep your car insurance premiums as low as possible. Here are some ideas to consider trying.
Get a Few Quotes
The first thing you could do is ask for free quotes from several insurance companies. All insurance companies use a variety of factors to calculate costs for auto insurance premiums, but all companies also use different formulas for this. By contacting a few companies, you might find one that offers a much lower rate for you, even though you have an accident on your driving history.
Take a Defensive Driving Course
Another great way to keep your rates low is by taking a defensive driving course. Defensive driving courses are actually a great idea for anyone who is interested in learning how to drive more safely, save money on insurance, or keep their license. People of all ages can take these courses, and a lot of these courses are now offered online, which means you do not even have to leave your house to take the course.
When you take a defensive driving course, you will receive a certificate that proves you completed the course. If you give this to your auto insurance company, they might willingly offer you a discount on your policy, simply because you might now have a better chance of avoiding accidents and driving violations.
Increase Your Deductibles
The deductibles you have on any type of insurance policy will affect the amount you pay. Insurance policies with low deductibles will always cost more than insurance policies with higher deductibles. It's nice to have a low deductible if you ever cause another accident, but low deductibles cost a lot of money.
If you currently have a $500 deductible, you could consider raising it to $1,000 or more. When you do this, it will cause a decrease in your insurance premiums, and this is primarily because you become less of a risk to your insurance company when you have a higher deductible.
Saving money is something that most people want to do with their expenses, and you might be able to save some money on auto insurance by contacting an insurance company like LA Insurance and asking for a free quote.