Your registration in Alabama will be suspended if you fail to provide proof of insurance. You will also have to pay $100 reinstatement fee. Let’s not let your insurance go if you don’t have the finances to pay it. Instead, let us see how we can lower the cost of insurance so that you can drive legally.
You can start by automatically paying your premiums each month from your bank account. Although it’s not a large savings, every little bit helps.
It is better to park your car in a garage than on the street at night. You can save money every month by parking your car in a garage at night.
Keep going to school and getting good grades. A driver aged 25 and younger can save at least 5% every month if they maintain a good grade average and get at least a B-.
Are you using a locking device on your steering wheel when you park your car in a garage? This could help you save money each month. You can also ask your agent about other anti-theft devices that are even cheaper.
You can save more by driving less. A Low Mileage Discount is available if you use public transport whenever possible.
You can save quite some money if you carpool to work. Let your agent know that you only drive half the miles per month in rush hour traffic.
A basic liability policy is the best option for those who are financially strapped. The 20/40/10 policy is the smallest type of liability policy that you can purchase in Alabama.
The policy covers up to $20,000 in medical expenses for any person who is involved in an automobile accident. This policy covers up to $40,000 for medical expenses for all people involved in an accident with your car, regardless of the number of them involved and the severity of their injuries. The last “10” is the amount that insurance covers for property damage caused by other accident victims.
The basic liability policy does not pay for repairs to your vehicle or medical expenses for you or anyone else in your vehicle.
Low payouts make this policy highly risky. A person can easily need to spend more than $20,000 on medical treatment. It is not uncommon for medical expenses resulting from an accident to reach $40,000. For many cars, it takes less than a scratched front bumper to cause a $10,000 repair bill.
You could be held responsible for any excess expenses incurred in an accident where you were at fault. You could lose your life savings, or even have to sell your house.
Online shopping for car insurance will save you money, regardless of whether it is a basic high-risk policy or one with more features.
It is a smart idea to compare prices on as many insurance companies and as many price comparison websites as you can. Once you have gathered all the prices, you can choose the lowest price.
