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HOW DOES UNEMPLOYMENT IMPACT MY CAR INSURANCE CLAIM?

With the loss of over 400,000 jobs since 2019, Florida’s unemployment rate has swelled to 7.6% this fall. There’s a good chance you or someone you know has been affected by unemployment. As these numbers grow, more and more people are struggling to keep up with payments.

To cut down on costs, many people may decide to scale back on car insurance, which could have disastrous consequences for drivers. If you’re unemployed and have recently been in a car accident, you’ll feel the impact long after you leave the scene.

There is no ‘unemployed car insurance’ that can save you, but there are ways to save you money.

Are you ready to protect your property during this difficult time? Read on to learn more about car insurance options for unemployed Floridians. You’ll want to prepare for even the most unexpected road events.

Finding Cheap Unemployed Car Insurance

If you’re afraid of unemployment affecting your car insurance claim, you can breathe a little easier. There is no direct connection between unemployment and insurance rates. But this also means there’s no full-proof insurance designed for unemployment.

Thankfully, there are a few strategies you can use to save loads of cash on your car insurance.

Take Advantage of Telematics

Telematics determines your insurance policy based on driving behavior rather than demographics. As a result, it’s more commonly known as usage-based insurance.

This method may involve a phone app tracking your driving movements over a period of time. While sacrificing some privacy, you’ll receive a more personalized and accurate insurance plan.

Sick of insurance companies judging your age or past record? Telematics can give you a fresh start with your insurance policy.

Bundle Your Costs

Another easy way to save is by combining your home and auto policy. This way, you only have to worry about one plan with one company as opposed to multiple plans.

It may not seem like much at first, but you’ll be thanking yourself when you have enough left over to file a car accident insurance claim. And there’s no harm in storing away some extra cash, especially during these difficult times.

Unemployment Still Matters

Although unemployment may not have a visible impact on your car insurance, it can influence your insurance policy in ways you may not be aware of.

Make sure you know the factors that insurance companies look at when deciding on your policy. There’s more to the system than meets the eye.

Track Your Credit Score

Believe it or not, your credit score plays a role in your insurance policy, which is a game-changer. Although some states are working to remove this factor, many still use your credit score as a legitimate way to create your policy.

If you’re falling behind on payments, your insurance rate could go up as well. It doesn’t matter whether you forget or are unemployed in the middle of a pandemic and can’t pay the bills. Insurance companies will rake in money without a second thought.

So make sure you know your credit score the next time you go out on the road. Otherwise, you might find yourself facing hefty unemployed car insurance rates.

Beware the Ripple Effect

If people decide to save money by driving uninsured, everyone will pay the price.

Others will have to spend money on uninsured motorist coverage in case they get into an accident with an uninsured driver. Knowing the higher chances of uninsured accidents, insurance companies will hike up prices to cover more costs.

The cycle never ends. So if you’re considering a car accident insurance claim settlement, you better make sure the parties involved are insured. There’s no point suing someone if they have no money to give you.

Talking to Your Insurance Post-Accident

If you do get into an automobile accident, you’ll need to contact your insurance company to file a claim. But be careful. Talking to an insurance company is not the same thing as talking to a trusted friend.

Here’s what you need to consider before reaching out to your insurance company.

Watch What You Say

To avoid taking the fall and losing out on savings, you need to avoid certain phrases. Saying “I’m sorry” may imply the accident was your fault, which disqualifies you from coverage.

“I’m fine” is also a phrase that can lose you major money. If an insurance company has proof that you weren’t hurt, then it can withhold bodily injury coverage.

Provide Proof

In addition to saying the right thing, you also need to take appropriate action. As soon as possible, file a police report and visit a hospital to address any injuries.

Your insurance company will try to avoid expenses, so you need plenty of proof to document the incident and its after-effects.

Remember, your insurance company is not your friend. If you want help managing the process, then it’s time you consider hiring personal injury lawyers.

Benefits of an Accident Attorney

Navigating the world of insurance and post-accident procedures is a daunting task for anyone to undertake. That’s why you need a dependable team of personal injury attorneys to guide you through the process.

Attorneys know the law and can manage interactions with your insurance company for you. They will inform you of the next steps you need to take, so you don’t waste time doing research and trying to figure things out on your own.

Although attorneys do cost money, they can also win you more compensation than if you tried to defend yourself. Pick a personal injury Florida attorney you can trust, and you can feel confident having someone in your corner fighting for you.

Restore Your Sense of Security

It’s a scary time to be driving around while unemployed. While you can find something close to unemployed car insurance, this may not be enough to protect you from a car accident. And if you or the other driver isn’t insured, then you’re out of luck.

Rather than go through a difficult situation alone, you need a team of personal injury attorneys that you can rely on.

Are you ready to feel secure in a time where so much is uncertain? Contact us to learn how we can help you stand up to these tough times with confidence.

CONTACT A TAMPA AUTO ACCIDENT ATTORNEY

In short, after a car accident, you may not know your rights. Above all, don’t struggle through the process alone. Actually, our personal injury team is here to help you with any legal needs you might have regarding your accident.

Lastly, let RHINO Lawyers answer your questions and review the facts of your case with a Free Consultation. So, get started by completing the “Free Instant Case Evaluation” or by calling us any time, day or night, at 844.329.3491.

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