subject: Car Insurance Amounts Cost More For Unoccupied People [print this page] Car insurance is one of those things in life that people hate to have to pay for, but are happy that they do pay for it when they need it. It is mandated by law that if you are operating a vehicle on the open road that the vehicle must be covered with at least a liability policy. Due to this mandate, if you are discovered to be operating your vehicle without proper coverage, you will subject yourself to fines and even jail time in some cases.
The poor economy has caused many people to reconsider their spending habits. They believe that because they have lost their jobs that they should be able to get away with not having coverage on their vehicles. This is not the case. In fact, according to statistics, people that are unemployed will actually have to pay a higher premium for their coverage than individuals who are employed.
In fact, unemployed individuals are put into a higher risk category than individuals who are employed. If you think about the situation logically, it does make a lot of sense. People who are not working do not have the monetary assets to be able to afford to properly maintain their vehicles correctly.
When you are unable to properly keep your vehicle in proper working order, this creates a problem for you and other drivers on the road. For example, if you let the brakes on your vehicle become worn down, because you do not have the money to fix them, this makes you a risk. Insurers know that unemployed people will not maintain their vehicles properly; therefore they put them into a different risk category than individuals who are employed.
Also, unemployed people are likely to be operating their vehicles frequently. They will be driving around looking for work throughout the day. People who are employed will be hard at work, forcing them to stay in during some of the most dangerous times of the day.
There are a lot of unemployed people that believe that insurers are out to get them. This is a common misconception. What many unemployed individuals do not realize is that insurers have always based their premiums off of their occupation. When you had an occupation, you did not have to worry as much about the cost of your coverage.
There are a couple of things that you can do to attempt to keep your premiums at a manageable amount. First, you should limit the amount of time that you spend operating your vehicle. Also, if you own more than one vehicle, you should downsize. Only use one vehicle, and cancel the policy that you have on the other, until you can afford to pay to maintain both vehicles.
Another option is to search around for car insurance quotes when it comes time to renew your policy. Be aware, that there may be some insurers who will not render you a policy due to your occupation. Unemployed people are not treated with as much respect as employed individuals. However, doing some research and comparing quotes will help you find an insurer that is willing to work with you, and offer you a policy that you can afford.
by: Jenifer Whitmire
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