One thing that you cannot avoid in life is auto insurance in Virginia. Just like death and taxes, auto insurance is one constant in life that cannot be changed. Instead of purchasing a policy just to avoid breaking the law, take your time and shop carefully for your next policy to save money.
Raise Your Credit Score
Your credit score does play a deciding factor in how high or low your insurance premiums will be. Pay off any delinquent bills and start developing better financial habits. The more financially responsible you are, the more money you will save on your premiums.
Consider Higher Deductibles
If you have not had any car accidents in the last few years, consider increasing your deductible to get lower premiums. Do not choose the highest deductible possible; instead choose the highest amount of deductible you can comfortably afford to pay if your car has to have any repairs from an accident. Take the money you save from your premiums and set it aside into an interest bearing savings account for future use.
Do not assume that your premiums automatically include discounts. Ask your insurer to go over every discount possible so you know which ones you qualify for. Do not forget to mention if you have other policies, because your insurer may be able to provide you with special discounts for having multiple policies.
Auto insurance in Virginia does not have to be an unwelcome expense, but the right policy will offer you and your assets the financial protection you need in the event of an accident or unexpected event.