How to Get Help For Your Car Insurance Payments
Have you just been recently caught in a crosshead where your car just broke down and you need money to fix it?
Now, this is one common case with most car owners in the United States.
No one can presume exactly when their car can go faulty, and while car insurance is there to help, there are some cases where an insurance company may not just have all the funds needed to cover your car repairs payment.
In fact, if you look closely, you might find out that your car insurance settlements may actually be stretching your regular household budget for the month, so thin that it’s enough to break it.
So, what then is the best alternative to finance your car insurance payments?
What Happens if I Stop Paying My Car Insurance?
Now, picture driving a car without a seatbelt – the seatbelt may not seem necessarily important to you right now, but you can only tell the importance of the seatbelt in the car when there’s an accident.
The same thing applies to car insurance.
Car insurance is basically a safety measure to protect you from accruing so many courses in an accident to your car or another driver or pedestrian.
Thus, car insurance may not seem important to you now until the case of an emergency such as an accident.
The consequence of driving a car without car insurance includes the following:
- You can go to jail for anything like three (3) months or even a year
- It reflects on your license
- Your vehicle may get impounded as a result of this
- It may result in the suspension of your car license plate and registration
- It accrues license reinstatement fees
Now, it gets worst when you fail to continue the payment on your car insurance.
People often ditch their car insurance payments to save money, but the action of this can not be compared to the many consequences you get to incur in the long run.
While most car insurance company policies offer grace periods to customers, failure to make payment on time on your car insurance (usually under 4-weeks or a month), the lapsed policy could lead to a double amount on your insurance rate.
How to Afford Your Car Insurance Settlements Today
There are different places you can go to help with your car insurance payments. Most of these include:
- Family and friends
- Cash advance from work
- No credit check loans guaranteed approval for car insurance payment financing
#1: Family and Friends
Family and friends are a good place to go when looking for money to cover your car insurance settlement. But the thing about family and friends is that you are always limited to a certain amount of money and sometimes a certain time frame to ask for money.
You have to understand that family members and friends, just like you, got jobs and a family of their own to take care of.
They are on a regular paycheck just like you, where they only receive their salary at the end of the month.
What is the guarantee that you’d get all the funds you need for your car insurance payment from your friends in the middle of the month? Almost zero, right?
Thus, friends and family should only be considered when your car insurance payments are at their minimum and at the right time when they are pretty convenient to lend you the funds for the task.
#2: Cash Advance from Work
Hardworking employees have every right to ask their employer or recruiting manager for a certain part of their salary paid if need be.
But note, there might be some strict requirements placed on this by your employer.
For instance, opportunities like these are often only limited to old employees in the company who have gained the employer’s trust.
By giving you an advance on your paycheck, an employer is basically taking a risk on you, hoping that you’d still be able to deliver on your task at work duly, even with the remaining half of the paycheck due by the end of the month.
While this proves like a really effective way of financing your car insurance payments, it doesn’t seem like a viable one.
#3: No Credit Check Loans Guaranteed Approval for Car Insurance Payment Financing
Now, the best alternative for you when it comes to financing your car insurance payments is actually payday loans guaranteed approval for car insurance.
You can get as much as a $500 payday loan guaranteed or even more in less than 24-hours (one business day) from the time of applying.
Yea, the entire application process is very fast.
You will also never be asked to bring any form of security such as collateral or primary asset before you will be allowed access to funding.
No credit check loans guaranteed approval for car insurance payment financing simply means that you can get as much as a $500 payday loan guaranteed even with bad credit.
We make getting money very easy for anyone and help to save you the stress of going to a physical store to apply for a loan.
Our digital platform has made it possible for you to get all the funds you need to help with your car insurance payments from the comfort of your home, quick and easy.
And yea, it takes just about five (5) minutes to complete our entire loan application process.
Conclusion
When it comes to getting the most appropriate rates on your car insurance payments, it’s always good to start by comparing the rates of different insurance companies and only go for the one that you are most convenient with.
Also, you’d do yourself good to inquire about their deductibles and available insurance discounts.
Your car insurance deductible will help you know how much you account for on your insurance payment and basically how much your insurance company is willing to cover in the case of a car repair or unforeseen accident.
But still, an online payday loan puts you in a better position with your insurance company, because once you are able to meet up payments on your car insurance coverage, you are more likely to get better rates and deductibles from your company.
