How To Choose The Best Auto Insurance |
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Greg James
4 September 2012
Protecting your car is not the only reason to have auto insurance. It's also designed to protect you and other people that are out there driving. When you get your policy, you are going to want to be sure that it covers everything that you expect it to. This advice is meant to assist you in getting the best car insurance.
To get the lowest possible insurance premium, choose the highest possible deductible. A high deductible for your car insurance will cost you more if you have an accident but will still provide coverage for repairs after you reach the threshold amount. If you have a one thousand dollar deductible, for example, you will have to pay the first thousand dollars' worth of repairs before you will be eligible for insurance coverage. Having a high deductible makes sense if your car has a low value.
You can look into getting 100/200/100 insurance coverage if you have a high end vehicle and you have a lot of assets that need protection. Most states set requirements for drivers to maintain certain minimum levels of liability coverage, so make sure that you are properly covered.
Collision coverage never seems necessary until you hit another car! If this should happen, you are going to be responsible to pay for the damages out of pocket. Paying the cost to repair your vehicle when it comes to an accident may be more than you can handle, whereas a lower premium is much more affordable.
Auto insurance companies may give low mileage discounts which will benefit infrequent drivers or drivers with a quick commute. To be eligible for this discount, you typically have to drive less than 7,500 miles per year. You may also get a commuter discount if you use public transit.
If your insurance rate is high because of your imperfect driving record, there are several ways to lower it. Certain companies may lower your insurance if you take successfully complete driving classes. Companies, such as Progressive, offer their customers an option to install a chip, which monitors how they drive. If it sees you drive carefully, your interest rate will be reduced.
Not all car insurance providers are equal. If you do not care for the most recent quote you got, shop around and get others.
Be sure of what coverage you need when it comes to buying car insurance. While many insurance options are available, some do not make sense. If you have a high incident of accidents you should get collision coverage to ensure your car will be repaired in the event of minor accidents.
One easy way to reduce insurance premiums is to drive less. The less you drive the lower you can get your monthly premium.
Stay away from sports cars. Insuring a sports car costs significantly more than insuring other vehicles. Low-profile cars are the better option. Make sure that you pay attention to engine size, though, as vehicles with larger motors also cost more to insure. Another reason it's so expensive to insure sports cars is that they're more susceptible to theft than other cars.
Consider paying the entire annual cost of your insurance at one time. This is because insurance agencies frequently charge an extra fee for allowing monthly payments. Save money by paying your entire policy upfront.
When it comes time to renew, analyze your car insurance policy carefully. Keep your information current. There could be new ways for you to save money. For example, if you have a new job with a shorter commute, the fact that you drive less miles could lower your payments.
Always exercise great care as a driver if you wish to maintain the lowest insurance costs you can. If you are able to avoid citations or collisions, you are more likely to receive offers for cheaper premium payments. These discounts often lead to significant savings, and may even increase year after year as you continue to maintain a clean driving record. It will also keep your premiums from rising.
It is extremely important to understand the exact coverage provided by your insurance policy. Most car insurance policies include bodily harm to yourself, as well as medical expenses. In order to get other types of coverage, including collision and comprehensive, you need to actively request them. If you have basic coverage, some incidents may not be covered. Make sure the insurance you choose works for your needs.
A lot of consumers believe that insurance premiums routinely drop at age 25. However, the truth is that rates slowly decrease from the time a driver turns 18 years old, as long as he or she maintains a clean driving record.
Use these suggestions to look at your auto insurance policy. Sometimes things aren't as you thought, and it could be beneficial to rewrite your policy in order to get the correct amount of coverage.