LOS ANGELES, CA / ACCESSWIRE / April 23, 2020 / Compare-autoinsurance.org (https://compare-autoinsurance.org/) is a top auto insurance brokerage website, providing car insurance quotes online from trustworthy agencies all over the United States. This website has recently launched a series of blog posts that provide more info about saving car insurance money during the pandemic.
To find out more on this topic, visit https://compare-autoinsurance.org/coronavirus-car-insurance-tips-how-to-save-money-during-these-difficult-times
Although many insurers are already offering refunds during the COVID-19 pandemic, there are other ways that can help drivers pay lower premiums. Drivers are still required to carry car insurance in 48 out of 50 states, even though millions of US drivers have cut down on driving and are following orders to stay home. As auto insurance claims decline along with traffic in a time of social distancing, drivers should contact their insurers regarding potential refunds in the coming months. Major car insurance companies such as Allstate, Geico, Nationwide, Progressive, and others have already committed to offering premium refunds.
Although canceling the policy might be tempting during this crisis, drivers are advised to not do that to avoid paying a penalty. Instead, they can follow the next steps to lower their premiums:
- Drivers who drive less than usual should contact their insurers. One of the factors insurance companies use when calculating monthly premiums is the estimated annual mileage. If their policy is up for renewal, drivers should update their insurers about their lower mileage estimates. However, insurance companies have different methods of evaluating this factor and there is no guarantee that the premiums will be lowered. Especially during this time, when staying at home is enforced by authorities and laws.
- Drop unnecessary coverage. Drivers who own older cars with little value should avoid paying for unnecessary coverage like collision and comprehensive insurance. In this time of crisis, drivers should avoid paying more than the state's minim required insurance. Drivers who choose to suspend or totally cancel coverage must not drive the car while uninsured, otherwise, they risk hefty fines and a future premium increase.
- Exclude certain drivers from the policy. It is recommended to exclude teen drivers from a family plan while the national emergency is enforced. The schools and universities are closed and there are very few reasons why a teen will have to drive. Removing these drivers will significantly lower the premiums.
- Ask for financial assistance or flexible payment options. Some insurers will allow clients to partially pay their premiums, skip one or two payments or pay a sum of money they can afford.
For additional info, money-saving tips and free car insurance quotes, visit https://compare-autoinsurance.org/
Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
"During this time of crisis, the insurance companies are helping their customers by offering refunds. However, drivers who are looking to save more money on their insurance can do that after making some wise decisions", said Russell R, Marketing Director of Internet Marketing Company.
CONTACT:
Company Name: Internet Marketing Company
Person for contact: Gurgu C
Phone Number: (818) 359-3898
Email: cgurgu@internetmarketingcompany.biz
Website: https://compare-autoinsurance.org/
SOURCE: Internet Marketing Company
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