Admonishments to drive safely are everywhere these days. Safety behind the wheel is front and center in the light of increased accidents, injury and death on the road. With more cars out there than ever before, it’s vital to be on the alert at all times. What many people don’t consider, however, is that driving safely can also save a lot of money every year. The savings can even in some cases reach into the thousands of dollars. Here are a few ways you can save money with safe driving.
How to Save Money with Safe Driving
The most obvious way that driving safely will result in savings is that you will be far less likely to have an accident. Accidents cost tons of money in ways that you may not even consider. Every time you damage your vehicle, you are looking at hundreds to thousands of dollars in repairs. Injuries — even minor ones — can cost hundreds to thousands of dollars in medical costs. What if you have to miss work? That’s more money lost in wages and productivity. Driving safely helps to prevent all of these problems.
Americans rack up tens of thousands of dollars every year in speeding tickets and traffic citations. Depending on how fast you are going and exactly what violation you committed (reckless driving, running a red light, ignoring traffic signs) you can end up with huge fines which only escalate further when you account for court costs. Careful and safe driving prevents these kinds of fees and fines.
Most people know that getting in an accident can raise their insurance premium. Many don’t realize that tickets and fines can also result in increased premiums. Since you pay your insurance every month or every six months, these increased costs will quickly rack up over time, costing you a lot of money in the long run. Why take the risk? Drive carefully and save the cash.
Safe Driving Discounts
Over the past few years, many insurance companies have begun to offer discounts on premiums for safe driving. Each time your insurance policy renews (again, usually every six months to a year), it is reviewed for issues that could adjust the premium. If there are no issues present, the insurance carrier may actually decrease the premium. Depending on the carrier this discount can range anywhere from 10 to 50 percent off your normal charges! Just as increased premiums stack up, these discounts also add up to huge savings over time.
These are just a few of the ways that you can save money with safe driving. When you consider just how dangerous the roads are these days, the sheer amount of drivers out there who would rather look at their cell phones than drive, who are in too much of a hurry to get where they’re going or who drive like they own the road, safe driving just makes sense. If you are looking to finance a new car or shop for insurance, we can help. Give us a call today!