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What You Can Do When You Can’t Afford Car Insurance

Being unable to pay for your automobile insurance premium is a hard thing to accept. It’s already bad enough that we all have to pay for registration, plus gas and general maintenance. Car insurance can get pricey depending on your age, gender and location. If you’re a young male living in a dense and populated zone like New York City then you can bet that car insurance is going to be extremely expensive. You may now be asking yourself: I can’t afford car insurance anymore so what should I do?

Below we’re going to provide you with a few ideas that will hopefully make this difficult time a little easier on you.

What to Do When I Can’t Afford Car Insurance

1. Stop Driving

We know this sounds a little harsh, but we wanted to get the bad news out of the way first and not end this piece on a low note.

The sad truth is that many people in this situation eventually run out of options. They end up having no choice but to stay off the road until they can afford their insurance.

What people need to realize is that not being able to afford car insurance is just like not being able to afford a car in the first place. If you can’t pay for it then you can’t use it. We know this isn’t what you may want to hear when you say “I can’t afford car insurance anymore” but the fact is there isn’t too much to be done about this.

Don’t lose all hope just yet. We still have a couple more options that you can consider. With using all of the following advice, and with some luck, you may be able to figure out a solution and get on the road sooner then you expected.

2. Drive a Cheaper Car

If you can’t afford the insurance itself then sacrifices in other areas of your driving life have to be made. This can often mean selling your current car and getting a used cheaper one as a replacement.

This is an option that has worked well for some people. Used cars have much cheaper insurance expenses, especially when drivers go for the minimum liability only plans. But, this can also cause problems if you live in states like Michigan or Florida where Personal Injury Protection plans are mandatory as well. Most states only require liability so hopefully you’ll be okay.

While getting a cheaper car may seem like a simple option, it really depends on a case by case basis. There are many reasons why you might not be willing to part with your current vehicle. But this is an option you will probably have to come to terms with if you want to afford your car insurance as soon as possible.

3. Pay for the Minimum Insurance Plans Only

This may go without saying but you should only pay for minimum liability insurance when money is tight. If you can afford regular liability insurance but can’t afford a full coverage premium plan that includes medical and protection from uninsured drivers, then it would still be better than nothing.

There are still some people who may think that driving with anything less than full coverage is a mistake but this is a misconception. Many people drive with liability only and do just fine. There’s no shame in going for the cheapest option. Plus, you can always upgrade to full coverage later on once you’ve saved up for it.

This will be a big problem if you live in one of the 15 states that makes PIP (Personal Injury Protection) insurance mandatory. Florida, Hawaii, Kansas, Delaware, Kentucky, Michigan, Massachusetts, New Jersey, New York, North Dakota, Minnesota, Oregon, Utah, Pennsylvania and Texas are these states. Nothing short of moving out of state – an expensive and counter-productive move – will help with this.

4. Shop Around for Cheaper Insurance Quotes

If you’re still telling yourself “I can’t afford car insurance anymore, what should I do?” then probably the last and easiest thing you can do to help yourself is to try switching insurance companies. Believe it or not, prices do vary from one organization to another quite a bit sometimes. It would be in your best interest to take advantage of that.

Use the internet and your zip code to locate different insurance companies in your area. You can find other insurance businesses in your area and ask them for a quote. If you are genuinely serious about cutting down costs then the best thing for you to do right now is to start researching all of your options and then go with the cheapest liability plan.

It’s a tough question to be forced to ask yourself “I can’t afford car insurance anymore – what should I do?” and for many people, the answer is ultimately: not much. Car insurance is calculated by a wide variety of factors that we often don’t have much or any control over. Using the tips provided in this article can make things a little easier for you but whether they will truly work for you is a hard thing to say. Good luck and use your new knowledge wisely.