A few days ago, New Jersey police served you a traffic ticket. Your auto policy renews in a few weeks, and you expect to pay higher premiums.
Insurance Information Institute offers tips for lowering insurance costs. Rather than wait to see how much more you must pay, take the proactive approach.
Browse around
Rather than remain with your current provider, it may benefit you to switch. Research companies that work with drivers with traffic tickets, so you save time. As you gather quotes, ask friends and family if they have recommendations.
Increase your deductible
If your current provider keeps you as a customer but increases your rates because of your ticket, consider increasing your deductible. This tip may make your premiums more affordable. When increasing your deductible, make sure you always have that money in a bank account. That way, if you make an insurance claim, you need not worry about where or how to get money for your higher deductible.
Bundle coverage
Does your insurance company offer home insurance? Bundle your home and car insurance with the same company to save money. Another option is to insure multiple cars with the same provider. If neither of these options works and you worked with the same insurance company for several years, ask about a discount for being a long-time customer.
Ask about other discounts
You got a traffic ticket, but maybe you have yet to make an auto accident claim. Ask your agent about getting a discount for not being in an accident for a while.
A single traffic ticket could become more trouble than it is worth. Learn how to minimize the ripples it sends through your life.
