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\ABS\Auto Blog Samurai\data\insurance\wwwallstatecom\bankrate+com+notes+that+driving+less+miles+annually+can+decrease+your+car+insurance+costs_16000325_800386096_0_0_7078477_300.jpg "Bankrate.com notes that driving less miles annually can decrease your car insurance costs.")
Tara Baukus Mello, an automotive writer for Bankrate.com, shared three ways that drivers can lower insurance costs and still be secure in their coverage.
Mello first advised making sure that your estimated annual mileage is still accurate, especially if your work situation has changed and doesn’t require you to drive as much. The less miles you’re on the road per year, the lower your insurance rates can be.
She also pointed out that there are increased risk factors involved when accidents occur with a driver who is either not adequately insured or not insured at all. Having minimal car insurance coverage will save a lot of money in the event that you incur damages caused by an uninsured driver.
In addition to updating your policy, Mello also cautioned drivers to keep their credit score as high as possible and to have their insurers take their new score into account when it rises.
Mello said that with a struggling economy, many people cut their coverage to save money. A study from the Insurance Research Council recently released a study that connected unemployment with the rate of uninsured drivers.
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