Winter is in full swing, and for a large part of the country, that means cold, and where there’s cold, there will probably be snow.

Some of our fellow Americans are probably thinking, “Snow? What’s snow?”

If you know snow, you know snow.

Every time the white stuff rolls in, everyone forgets how to drive, and car accidents skyrocket. Motorists crash into each other, roll into ditches and steer right into big, fat insurance claims. 

And guess what that means?

Increased premiums.

According to Nerdwallet, motorists who reported at-fault accidents can see their insurance rates jump up by 53% per year for 3-5 years after the accident. 

That’s if they even renew you.  

Those who get dropped by their provider often have to seek out insurance from an ‘all-risk provider,’ and they’re not cheap. 

Even worse, you could end up on a blacklist (much like if you filed for bankruptcy), and you’ll be paying high insurance rates for 7 years!

Every year, the premiums will typically lower just a little. However, you’ll still be paying way more than those with clean records. 

The thing is, many accidents are totally preventable. 

By choosing to err on the side of caution in inclement weather, you can potentially avoid raising your insurance rates, damaging your car, or hurting yourself.

You cannot always choose what happens out on the road, but you can always do your best to prepare for what can happen.  

We also apply this philosophy to finances. If you would like to talk with us about the road to financial freedom, give us a call at 513-563-PLAN (7526) or go online for a free 15-minute consultation.