Getting divorced or becoming widowed is an extremely difficult and upsetting time in a person’s life. Although you have a variety of issues to handle, you should also take some time to reevaluate your auto insurance policy. Based on your new situation, you may be the only full-time driver in your home, which could result in your rates going up. And your rising rate could end up being more expensive than you can actually afford.
Your rates may rise- but you could keep your costs low by trying different things. Make sure you shop around- the best rate when you were married is not necessarily the best rate now that you are single. It would also be good for you to take a serious look at your plan. What was once important to your plan as a married couple, may not have the same importance to you as a single person.
Now that half of your income is not longer available, your budget is probably quite tighter than it had been. If you have less income to devote to your auto insurance costs, it may be best for you to look into raising your deductible or eliminating add-on coverages like comprehensive or collision option. You may feel like you absolutely need total auto coverage, but cutting back on your policy options can make a distinct difference in your auto insurance costs.
No matter what direction your life is taking, it is a good idea to take another look at your auto insurance coverage. Shop around- you could be saving much more than you know.
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