How Can I Lower My Georgia Auto Insurance Rate?
Usually there is some kind of catch to lowering your Georgia auto insurance rate, and you don’t simply get a discount or a better rate for free. If you want to pay less on car insurance, then you have to drive less, or make better grades, or do some other thing that might not be hard but is ore than nothing, and lowers your risk.
High deductible auto insurance is one of the prime examples of these catches, and many people avoid it because, they say, they are buying auto insurance to cover them. Why do they have insurance at all if they have to cover themselves?
Let me rewind. The deductible, first of all, is what you pay towards injuries and repairs and the like whenever you make a claim before your car insurance coverage kicks in. So, if I were to get into an accident and the damages to my car amounted to three thousand dollars, and I had a thousand dollar deductible (which I do), then I would pay that amount and the car insurance company would pay the other two thousand in repairs. The amount of the deductible never changes, even if the damages are only about five hundred dollars or fifty thousand. Deductibles are only paid when you are found to be at fault for the accident.
Raising your deductible from the bottom $250 can lower your auto insurance rate significantly, because it allows the car insurance company to pay less. Instead of avoiding this, raise it and start saving money for whenever you do get into an accident and have to pay a deductible. Most people only file a car insurance claim once every five years, so it’s likely that you won’t need your deductible much and you’ll probably save up way more than that amount by the time you have to pay it out if you just save the difference between your auto insurance rate with a low deductible and your auto insurance rate with a high deductible.
You can save a lot of money this way, and not just on your auto insurance rate. A couple of years ago, when I first raised my deductible, I started putting the money I was saving on my auto insurance rate into a high interest savings account, and now let’s just say that it’s a lot bigger. So why wait? If you’re a safe driver and the likelihood of you getting into an at fault accident any time soon is pretty low, start saving money as soon as possible.
Atlanta Georgia SR22 and Assigned Risk Auto Insurance
Reader question:
I have tried everything, and I can’t find any Atlanta auto insurance company to insure me with an SR22 form. I really need to drive to get to work, but I don’t have a license! I can only beg rides off of people for so long. Help!
Graciela
Atlanta Georgia
You’ll have to look a little harder, Graciela.
SR22 insurance is a type of form that you are required to file through your Atlanta insurance company, for those who are new to the game, and it is only required after you have had your license suspended for some reason–such as drunk driving, speeding, or multiple traffic offenses. Having to file an SR22 form immediately pushes you into a higher risk group, which makes insurance companies more reluctant to insure you. Some people with great records and a long history driving and insured with a certain company can weather the blow of an SR22 filing requirement, but for the rest of us being required to get an insurance policy with the SR22 attachment can be a struggle.
However, Atlanta is a big city and there are certainly options, so the fact that you haven’t found something means that you are either too picky, or you aren’t looking in the right places.
- There are companies that will serve you.
Most people think that insurance companies are only interested in people with impeccable driving records, but that is not true. While some companies prefer this sort of driver, there are many of high risk specific companies who are happy to insure even the worst of the worst. Some of the bigger companies that operate nationwide, such as Progressive Insurance, are among these companies. If you can’t get an SR22 policy with a regular insurance company, then you need to start looking for high risk companies.
- Even if there aren’t…
Most of the time you will be able to find a insurance company that will be happy to insure you for the price of a mansion’s down payment, even with SR22 filing. However, in some cases nothing can be found, and in such cases it is necessary to turn to the state to be your guide.
If you can’t find a policy on the open market, then you will have to join the company high risk pool. This is a pool which high risk drivers join, and are then assigned by the state to participating companies. All companies that are licensed to sell insurance are required to participate, so you might find yourself with the very insurance company that denied your policy request in the first place.
The catch about assigned risk insurance, though, is that it is even more expensive than SR22 insurance from a high risk company. This should be a last resort.
Cheers,
Fashun Guadarrama.
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