In the current state of our economy, job loss or reduced work hours is becoming more common.
With the drop in take home pay, people are cutting corners wherever possible.
Some utilize money-saving techniques like living below their means, taking in a roommate or finding supplemental income.
When gas prices went up, some workers and students either sold their cars or cut back on driving altogether and began riding bikes to their destination.
For large families, this may not be an option but it is a lot more pragmatic than driving uninsured in order to save money.
Many people do not consider their auto insurance a priority like utility payments or housing expenses.
This is mostly due to the fact that we don't see the benefits of having auto insurance - until there is an accident.
You may think that because you drive locally or intentionally avoid rush hour traffic that vehicle insurance is not necessary.
It is important to know that driving without having a current proof of insurance can cost more money than you may think.
For one, the rates on uninsured motorists' coverage continue to increase.
Also, not only can you be fined for driving uninsured but often law enforcement agencies are towing vehicles within minutes of not being able to verify liability insurance, which is the minimum required in most states.
If you taking your children somewhere or en route to a job interview, this can be major inconvenience and may cause you to lose money in the long run.
If you need to save money on auto insurance, shop around as there are many options available.
First, find out if your vehicle needs the same amount of coverage as in previous years.
Getting liability insurance alone will protect your car from being impounded and costs much less.
Also, smaller companies that operate online tend to have good deals and will give you a quote without having to talk with an insurance agent.
A few insurance companies sometimes offer the customer the option to customize a payment plan that will fit their current financial needs.