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How Do I Save Money On My Car Insurance After I Have Had an Accident in the Policy Year?
Oct 02, 2019
It's a challenge, but it can be done!
This article first appeared on Quora.com: https://www.quora.com/How-do-I-save-money-on-car-insurance-following-an-accident-in-the-policy-year
Seeking to save money on your New York State auto insurance is in part, a matter of timing. Shopping with other insurance carriers yields the best result following a period of 3+ years of clean or near clean driving records for all drivers in the household.
Following an accident, a couple of things are likely to happen that go against your ability to save on your auto insurance:
- An accident surcharge may be applied
- Loss of claims free discounts may occur
- Shopping with other carriers will be negatively influenced by a recent claim.
But all is not lost. There are ways to save money on car insurance following an accident. Here are a couple of ideas to pursue:
Pursue a New York State Defensive Driver Course
- New York State will provide up to a 10% discount on your auto insurance upon the completion of a “defensive driving” course. Many of these courses can be taken online and require as little of six hours of your time.
- If the discount is applied to your policy it may only be for a period of time (IE: New York provides a three-year discount at approximately 10%)
Review your Deductibles
- If you have lower Comprehensive or Collision deductibles, a higher deductible can save significant dollars following an accident.
- Higher deductibles provide an immediate savings that continues every year.
- Higher deductibles also discourage the submission of small claims which can be as detrimental to your auto insurance costs as large ones.
Review Discounts
- Some companies provide First Accident Forgiveness type discounts that may lessen or remove the impact of an accident on your rates.
- Other programs allow for the insured to “earn back” claims free discounts over a period of time.
- It doesn’t hurt to ask your insurance carrier about the potential discounts for which you might qualify.
- Ask the company “What discounts are available that I am currently not receiving”?
Adopt Long Term Auto Insurance Savings Strategies.
- For some additional ways to save on your car insurance premiums, please read “What are good ways to save on auto or car insurance ” on Quora.com. Paying particular attention to long-term strategies will pay off for anyone over time.
If you have additional questions about how to save money on your New York State car insurance premiums please feel welcome to call us at 607-324-7500. Or if you are not a current client, you can request a quote from our agency right online here: https://www.ryanagency.com/request-a-quote
This article may have been originally published at Quora.com.
To see Jeff's Quora.com profile click here.
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