The penalties for driving in Missouri without automobile insurance are too great to make the risk worthwhile. You risk losing your driving license, having your car impounded, or even spending time in jail. And if you are in an accident and found not to have insurance the penalties can be even worse.
This puts many people with limited incomes in a tough spot. They need to drive an automobile, yet the cost of automobile insurance can be sky high. Is there no way to bring down the cost of automobile insurance in Missouri?
Well, there are a few things you can do.
Start by always driving defensively and obeying all traffic laws. Being involved in an accident, especially being involved in more than one accident within a 12 month period, can cause your monthly premiums to rise.
Tickets for speeding and convictions for drunk or impaired driving will cause your premiums to skyrocket for several years. Do not drink and drive ever.
Fortunately there are several proactive things you can do which will actually drive down the cost of your automobile insurance.
First, if you are under 25 and still in school, stay there and get good grades. In most cases, students who maintain a “B” grade point average receive a Good Student Discount on their automobile insurance.
If you are 55 or over talk with your automobile insurance agent about taking a special driver’s refresher course. The successful completion of one of these courses will lower your monthly automobile insurance premium by as much as 10% with many insurers.
The type of car you drive and the value of the car you drive have a great deal to do with how much your automobile insurance costs. A flashy sports car may boost your ego, but it won’t do much for your wallet when it comes time to pay your monthly insurance premium. Likewise, the more expensive your automobile is and therefore the more it will cost to repair or replace it in case of an accident the higher your monthly payment will be for your insurance.
If you own an older car, especially one with little or no Kelly Blue Book (http://www.kbb.com) value then you can save money by canceling your comprehensive coverage. This means that should you get into an accident your car will not be repaired or replaced by your insurance but if it has little or no Kelly Blue Book value then your comprehensive coverage would be virtually worthless in any event.
Another way to save money on your automobile insurance in Missouri is to increase your policy’s deductible. What this means is that the more you pay whenever you have a claim (and the less the insurance company has to pay) the lower your premium will be.
Now it’s time for you to jump online and begin comparing automobile policies and prices online. By making comparisons on a minimum of 3 different auto insurance comparison websites you will be assured of getting the cheapest automobile insurance online in Missouri.