With the COVID-19 pandemic halting mobility, this resulted in car owners using their cars lesser than before. This said the premiums people are paying for their car insurance might be an additional burden. But even with this dilemma, there are ways to undertake to cut costs.
Ask refund from your insurance company
Car insurance is one of the big costs that keep a car on the road. The average price for a comprehensive policy is around $130 to $170. For an average American, this is already high. Given the coronavirus, some think that their car insurance is being put to waste.
One of the many factors car insurance costs is how far a person drives. With the COVID-19 putting a temporary stop on driving, many cars reported having low mileage. Since you are driving fewer miles, your company might be amenable to give you a refund. As such, contact your insurance company and do the haggling.
Pay per mile
If you are going to renew your car insurance from the same company, go for the pay-per-mile option. Using the pay-per-mile option will save you a lot of money. This is because you only need to pay insurance based on how long you drove in a month.
Change your monthly coverage
Since you are not driving as frequently as before, you may opt to change your monthly coverage. If you are paying a higher premium previously, you may want to consider lowering the same. This is a no-brainer because with the pandemic being around for quite some time, your car will not be used that often.
Most insurance companies allow their customers to change the cost of their plans monthly. But this will depend on the agreement between the insurer and the customer. If you are eligible, consider changing your monthly premium since this will save you lots of money.
