Low Income Car Insurance
Car insurance may best be described as a necessary evil. Residents of most states are required to have car insurance if they own a car and want to drive. However, even if car insurance wasn't required in most states, it would still be a good idea to have car insurance to protect yourself. If you are involved in an accident, you may be found liable for injuries or damage that occurred during the accident. While paying for damage to a car could be expensive enough, being responsible for paying someone's medical bills out of your own pocket could sink you into extreme debt. The purpose of car insurance is to cover you in the event of this situation. Instead of being forced to pay out of your own pocket, any damage or medical bills will be covered by your insurance company.
While insurance has an obvious purpose, there are two reason that many people still view it as a necessary evil instead of just a necessity. First, most people agree that car insurance is too expensive. If you have a low income, you probably have enough of a struggle just providing the basics for your family. When you factor in the generally high cost of car insurance, it can quickly become too much to handle. The other reason for this view of car insurance is that many people feel that although they constantly pay for it, they never get any benefit from it. While it's easy to understand this thought, it's important to remember that without car insurance, it only takes one accident to ruin any financial stability you have.
If you need to find low income car insurance to protect yourself without completely straining your finances, you have several options. If you are a resident of California, you can take advantage of California's Low Cost Automobile Insurance Program. The CLCA is designed as an affordable option that provides you with the minimum coverage required by the state of California. In addition to providing you with the minimum coverage required by California law, this low income car insurance plan gives you the option to add coverage for medical payments or uninsured motorist bodily injury to your policy. This affordable option also gives you the ability to decide which of the five available payment plans is best for you.
If you don't live in the state of California, another low income car insurance option to consider is Safe Auto. The reason that Safe Auto's insurance is so much more affordable than other insurance companies is because they only focus on providing you with the minimum amount of coverage that is required by your state. Safe Auto's prices are also lower because of the fact that they are a direct to consumer company. Because they specialize in low income car insurance, they make it easy to obtain a policy. If you contact them for a quote, they won't check your credit score. They also provide multiple payment options for their policyholders.
If you decide that you want to pursue a different low income car insurance option, there are several tips you can follow to help you find a policy with an affordable price. The first tip is to keep in mind that if your vehicle is no longer worth much money, you probably don't need to carry collision insurance. Collision insurance is only used to protect the value of your car, and not carrying it can reduce the cost of your policy. It's also common for insurance companies to give you a discount if you pay every quarter or six month instead of paying on a monthly basis. Finally, if you can take steps to improve your credit score, this will help you save money with many insurance companies.