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Posts tagged with: car insurance

Totaled Car but So Grateful

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As I mentioned in yesterday’s post regarding my New Debt and New Car, we have gone just at 8 weeks with one car. It has been hard, but we made it through and no one missed any commitments or activities or work!

Sea Cadet got up most mornings and took me to work, and then returned to pick me up. We were able to borrow my Grandmother’s car most evenings when Gymnast had practice, and I was able to find a steady ride Princess to youth group (when Sea Cadet is in class and I am an hour away with Gymnast.) You can see, it’s been a bit of a juggling act.

Needless to say, we were all really grateful when we unloaded our new to us car from my Uncle’s trailer Saturday morning on our way to drop Gymnast at practice. But within minutes of his drop off, that all changed…

1996 Honda Accord


Sea Cadet ran head on into a car turning left. It was his fault. The car is no longer driveable. Thankfully, both drivers (no passengers) walked away with very minor injuries, nothing broken. It could have been ALOT worse. Princess and I were right behind him when it occurred. I am so glad he didn’t have to go through what can be a very scary process alone.

His car is totaled, but we did not carry comprehensive insurance on it, so there is no replacement help. Thankfully it was paid off. (Our liability insurance will take care of the other driver’s damage and medical, thank goodness for good insurance. Thanks, USAA!)

Once again, we are back down to one car. But I am so grateful that this wreck was not worse! This will definitely have financially implications, but haven’t had time to wrap my head around them all yet. Right now, just figuring out how to get him to all his obligations as I am not quite ready to turn over my new car to him.

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4 Smart Ways to Save Money on Car Insurance

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The cost of auto insurance often causes people to lower their deductibles until they find a premium that they can afford. Unfortunately, that generally leaves people with deductibles that they can’t meet if anything ever happens, making the insurance pointless. Before you start lowering your deductibles, follow these money-saving steps to save money and still have proper coverage.

Re-Evaluate Collision and Comprehensive

If you are in an accident and it’s ruled someone else’s fault, the other driver’s insurance pays for the damage to your vehicle. However, if it’s your fault or you hit something other than a car, the collision insurance comes into play. Comprehensive pays you if there in an event other than a collision, such as theft, vandalism, or a flood. Your insurance company will pay you the value of your vehicle if it is totaled. If you drive an old car that isn’t worth much more than $1,000-$2,000, it doesn’t make much sense to pay for the insurance every month, and pay a deductible after the accident. If your car isn’t worth the cost of the comprehensive and collision insurance, just remove it completely.

Ask About Discounts

One important and effective way to save money on your car insurance is by asking about discounts. There are discounts for more things than you can imagine. However, the exact discounts depend on the insurance provider. Different companies choose the discounts that they offer, so it’s not all the same. Some companies might offer discounts to college students. Some only offer discounts to students who have a B average or higher. Most car insurance companies all carry discounts for active duty military and people with a clean driving record. While military veteran discounts aren’t always specifically advertised, most companies will give the military discount to veterans if they ask. You can also receive discounts if you affiliate with different unions or agencies. The insurance agency should have a list of affiliations that you can choose from.

Monitoring Programs

Some car insurance companies will give you the option to participate in monitoring programs. These programs give you a device to put on your car, and they will record when the car is speeding, when there are sudden stops, and also audio and video footage. If you want to put the monitoring devices on your teen’s car, you can also set up e-mail and text alerts that let you know when your child arrives in the locations that they’re going. The insurance can be reduced significantly; usually between 10 and 15 percent.

Keep Your Credit Score Good

Your credit score affects your insurance premiums more than you realize. When you get an insurance quote, they check your credit score along with your driving record. If you credit isn’t good, your payments are going to be higher. Keep your bills paid and your credit straight. So your premiums don’t go up as your bills go into collections.

If you’re tired of premiums you can’t afford or deductibles that are too high to even matter, you need to go over all of the different ways you can save money. Consider the monitoring program, re-evaluate your discounts, and decide if certain coverage is even needed on your vehicle.


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