P.J. Miller
Millions of Americans rely on a car to get to work or school and run errands every day, but the coronavirus pandemic has curtailed our daily commutes. If you’re struggling to pay the bills, you may have considered canceling your car insurance since you’re not driving as frequently — but don’t do that just yet.
Canceling your car insurance outright is not the only solution to reducing your monthly insurance premium during COVID-19. “Increasing your deductible (for example, from $500 to $1,000) is another way to reduce your monthly bill — by upward of 40%,” commented partner P.J. Miller.
Additionally, car insurance companies are aware Americans are driving less during this pandemic. In fact, more than 82% of insurers are issuing partial refunds and credits to drivers because of reduced driving during stay-at-home orders.
Keep in mind, canceling your car insurance could cost you more in the long run.
Continue reading the full article to learn additional ways to save on your auto insurance.
Questions about car insurance? Contact Wallace & Turner at (937) 324-8492 in Springfield, (937) 652-8492 in Urbana, or info@wtins.com.