One of the major recurring costs of owing a car is auto insurance. Unfortunately, you cannot wish it away as it is illegal to drive without at least a minimum coverage as prescribed by your state. If you are caught driving without valid insurance coverage, you might end up paying fines much costlier than the cost of insurance cover itself. Therefore, even with a low income, it is a good idea to keep your auto insurance cover current at all times with low income car insurance.
People with low income find it difficult to pay for expensive insurance cover. If you belong to this group, then there is good news for you. There are a few methods that can help you reduce your monthly auto insurance costs. You can select a basic plan from an insurance company or opt for an insurer that specializes in cheap car insurance for low income families. It is true that your auto insurance cost depends significantly on the insurance provider you choose.
The same goes for the car that you use. If you use a sports car (then it is likely you do not belong to the low income group, anyway) you cannot expect an insurer to extend car insurance for low income. If you use a car that is known for its safety features, such as most sedans are, insurance companies are likely to be more convinced about selling auto insurance low income. Cars with big engines or sports cars make you high-risk customers, which in turn attracts more costs for insurance coverage. The other parameters associated with your car such as the age of the car, and at times even its colour can affect the insurance costs you pay. Other factors that affect insurance costs include the gender of the primary driver, his/her age, location, and driving record. So, if you are a young male driver, you will pay a higher cost than your older or female counterpart.
Apart from looking for low income car insurance, you can consider raising your deductible. However, this would mean, you will need to fork out a lot of money on your own should you get involved in accident. Alternatively, you can consider reducing the coverage. Each state mandates a certain minimum coverage, so you need to comply to drive legally. But, a minimum coverage may not prove adequate in case you meet with an accident.