Auto Insurance Explained In An Easy-To-Understand Format
Friday November 16, 2012 2:17pm
Car insurance is important and something you must have if you wish to drive a car. Sorting through the many different insurance options to find the best plan can be very difficult. Here are several tips to help you get the protection that you deserve at a good price.
Before switching insurance cheap auto insurance
companies, check to see if you have any unpaid parking tickets or any other traffic violation. There is no excuse to overlook issues on your driving record since the insurance companies are sure to check before offering a policy. This is not only good for your karma, but also for your auto insurance rates.
Review all the coverage parameters of your insurance policy to ensure you are sufficiently covered. Most policies include such things as property and bodily injury coverage. Additional coverages, such as comprehensive or collision, might not be covered by your policy. In many cases, the basic level of coverage doesn't pay out to you at all; for example, ""liability coverage"" only pays for damages that you are liable for, not your expenses. You need to make sure that your insurance covers your needs as well.
Do not forget to take drivers off of your policy if they have moved or gotten their own. If your dependent buys their own car, for example, you should take them off your policy so as to lower your premium. When setting insurance rates, companies consider the total number of drivers in a household. If you want to bring down the cost of your insurance, reduce the number of drivers that are covered.
Make sure that your insurance policy is accurate and up-to-date. If there are any mistakes on your policy, you may get denied when it comes time to file a claim, or you may being paying more than you need to be. Do they have the right address? Is the type of vehicle, its make and year all correct? Premiums include the cost of your annual mileage, so be sure your policy reflects how much you drive.
You can save a lot of money if you have aN accident and you have good coverage. The insurance will have the individual pay a certain amount that is already decided, called a deductible, anything over the deductible is covered by the insurance company saving one money.
If you want to obtain a low premium on your insurance policy, select a high deductible. High-deductible insurance isn't very useful if you get into a fender bender, but it can be invaluable if you get into a major accident. Going with a high deductible is especially smart if you are driving a car with a very low value to begin with.
Check to see if your auto insurance will cover a car rental. If you have to get a rental during repairs on your main vehicle, you'll need to buy separate insurance for that vehicle as well. This policy can cost you up to $20 per day while your car is in the shop. In addition, your car may take a while to repair.
It is important to notify law enforcement after you have a car accident. Law enforcement is skilled in gathering information, and they can also let you know what the next step in the process is. The police are the best ally you can have on your side when you are dealing with your insurance company. Contact the local police department as soon as possible.
Inform your insurance agent of comparable rates from other companies. Oftentimes insurers will offer you more competitive premiums in order to keep your business.
It is important that your license remains clean. When accidents and tickets are on your driving record, your insurance costs can go through the roof. If you do have citations or accident reports on your record, you may be able to get them removed by attending driving school, which will lower your rates.
Before choosing auto insurance, you should get quotes from a number of different vehicle insurers. You need to shop and ask around if you want to get good rates.
Look into 100/200/100 liability coverage if you have minimal assets and a decent car. Liability insurance is mandated by the state. Designated minimum levels will vary by state, so be sure your policy meets all requirements for your area.
You need to keep your premiums low and always keep coverage. You can create gaps in coverage easily by moving from one insurance carrier or policy to another one. If your insurance company notices that there have been periods when you weren't covered, you could be in for a costly rate increase.
If you are unlucky enough to be involved in an accident and need to file a claim with your insurer, be certain to document every detail pertaining to the event. You can help them by using your cell phone to take pictures of any damage and the location of your accident. If you don't have a cell phone with a cheap auto insurance
camera built in, consider leaving a disposable camera in your emergency kit or glove box of your car. This will also assist you if you forget your phone, there are no witnesses, or your phone is damaged in the accident.
Never drive without having auto insurance. Having auto insurance can protect your finances, should you be in a car accident. You should use the tips stated above to find the auto insurance that fits you best.