$700 a Month for Liability Insurance
I own a 17′ Volkswagen Golf and I’m currently paying $700 per month for the minimum liability coverage required in New York. I’m really looking for ways to reduce this cost. I acknowledge that it’s my fault, having points and accidents on my record from over two years ago. What are my options moving forward? Any suggestions would be greatly appreciated!
$700 a month for liability
It sounds like you’re really feeling the impact of those insurance premiums. Here are some suggestions you might consider to lower your costs or improve your situation:
Shop Around for Quotes: Different insurance companies have different rates, so it’s worth shopping around to see if you can find a better deal. Use online comparison tools or consider working with an insurance broker.
Increase Your Deductible: If you can afford to pay a higher deductible in the event of a claim, this can sometimes lower your premium.
Take a Defensive Driving Course: Completing an approved defensive driving course can sometimes qualify you for a discount on your insurance premium.
Bundle Policies: If you have other types of insurance (like renters or life insurance), consider bundling them with the same provider for potential discounts.
Ask about Discounts: Reach out to your current insurer and ask about any available discounts. You might qualify for discounts based on factors such as being a student, being a member of certain organizations, or having a good credit score.
Adjust Your Coverage: If you’re paying for extras that you don’t need, like roadside assistance or rental car coverage, consider dropping them.
State Programs: Some states have programs for drivers with a high-risk history. Check to see if New York has any such programs that could help you.
Consider a Different Vehicle: If your Volkswagen Golf isn’t a requirement for you, look into vehicles that are less expensive to insure. Sometimes a change in vehicle can significantly reduce your insurance costs.
Maintain a Clean Record Going Forward: Continuing to drive safely and avoiding accidents and tickets will eventually help your record improve, leading to better rates over time.
Consult with an Insurance Agent: Sometimes, having a professional look at your specific situation can yield personalized advice that may not be immediately obvious.
It may take some time to see results, but taking proactive steps can help you find more manageable insurance costs. Good luck!