How To Get The Most Out Of Your Car Insurance |
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Greg James
11 July 2012
There is little doubt that a car is an investment. It doesn't matter if it's a hunk of junk or a brand new beauty, it's likely one of the more expensive things you own. In order to protect your investment, you should have the best insurance that you can afford. Below, you'll find some important information on how to locate the best prices for your car insurance so that your investment is protected, but so are you and your family.
Understanding how insurance deductibles work is important because this is one of the most important factors in determining your automobile insurance premiums. A higher deductible means that you will pay more out of your pocket if you file an accident claim; however, your premiums are lower. Conversely, if you have a lower deductible, your premiums will be more, but you would pay less if you are involved in an accident. This means that you will have to figure out which deductible will serve you better. For those who know that they can handle a higher deductible if something happened, they could end up saving up to 30 percent on their insurance premiums.
Many people make the mistake of filing an auto insurance claim for damage that might be repaired for less than the deductible. If you have a higher deductible, it is possible that some types of damage, such as dent repair or car minor paint repair could be done for less. Paying for these repairs out of your own pocket will also help keep your car insurance premiums from rising in the future. Before filing a claim, check around to see whether filing a claim will save you money - both now and in the future. Otherwise, get the repairs done yourself.
Make sure your driving record is correct. Even one moving violation can have a dramatic impact on your auto insurance premiums. If you find there is an error on your driving record, you will need to contact the court that submitted the violation to the driver's license bureau. It's worth your time to make sure it's right.
If you have more than one car, you should ensure both vehicles with the same auto insurance company. In addition, keeping your homeowners and auto insurance policies with one company will likely give you a good discount on both premiums.
These are some of the best tips for finding affordable auto insurance. Remember that your premiums can increase each time your policy is renewed for a variety of factors, including a decrease in your credit score, a claim, or a moving violation.