Car insurance is vital and often required for you to own and drive a vehicle. The insurance is intended to protect you and others from exorbitant fees should you get into an accident, damage your car, or if it is stolen. That said, your premium is highly dependent on the vehicle being driven and the likelihood of you being in an accident.
COVID-19 has made many communities feel like ghost towns. Since restaurants, salons, shops, and other businesses have been forced to shut down, commuting has no longer been a daily occurrence for many. Not to mention, working from home and closed schools have turned homes into offices and classrooms. Without commuters or shoppers on the roads, there are fewer cars. Naturally, fewer cars on the road means it is less likely for bumper-to-bumper traffic and other accidents.
If there are fewer accidents, should you pause your car insurance?
Car Insurance: To Have or Have Not
All of that said, it is ill-advised to cancel your coverage because you are likely still driving your vehicle to and from grocery stores and other essential locations. Also, as mentioned, car insurance is a requirement (by law) in some states. The good news, however, is that all over the United States, car insurance providers are offering discounted rates or even percentage paybacks for monthly fees. Your next step should be to contact your specific insurance provider and determine your options.
Here are some ideas you can bring up, to help determine the best move for your family.
- Reduce your coverage to the legal "bare minimum"
- Lower the mileage driven per year since you are driving less overall
- Increase deductibles because now is a time when you can take on the risk
- Remove your teenager(s) from secondary driver insurance because chances are, they are not driving the car without you these days
At the end of the day, we are living in a time when cost reductions – wherever we can get them – has become necessary for many households. Thankfully, many car insurance providers understand that. Logically and ethically, there is no reason for them to charge high coverage fees for cars rarely driven or parked in driveways. Your next step should be to call your provider and see where you might be able to save some cash.
Glass America is here and ready to help should you have a cracked windshield and need our services. Our teams are working hard to ensure the job is done properly while also following all safety guidelines presented by the Centers for Disease Control (CDC) regarding Coronavirus
. Contact your local Glass America team today!