Many families do not think about car insurance until they need it. That’s perfectly natural. However, to save your family some stress and anxiety, be sure that you always have current car insurance. Your car insurance protects you and your car in case of an accident.
Policies vary, so it is critical to check your car insurance policy. Most car insurance policies will cover you if you have a car accident with another car at either you are at fault or it is a no-fault accident. Your car insurance will pay to have your car repaired. This car insurance will also pay to have the other car repaired as well.
Most car insurance policies have a deductible that you must first meet. This is a dollar amount of a claim that you must meet before the car insurance company will pay anything to repair your car. Typically, the more expensive your policy the lower your deductible. When your car insurance is inexpensive there is a strong chance you have a high deductible. It is a wise step to confirm what your deductible is before you have a car accident.
Most car insurance companies offer a variety of deductibles and you can change your deductible limit by paying either more or less. The decision to do this is very personal, and only you can decide which policy would be best for you. There are people who haven’t had an accident in twenty years that want a low deductible. Then there are people who have had a recent accident that want a high deductible. Everyone is different.
Some states in the U.S.A. actually do not require that you have car insurance. However, many states do require that you have both a registered and an insured car. This protects you and the other drivers on the road from any possible accident. Were you to get in any type of car accident, an insured driver is covered for the most part by putting in a claim. An uninsured driver often winds up getting a personal lawsuit from the other driver as a result of the accident. Sometimes the uninsured driver does not have enough assets to pay the other driver what they are owed. Car insurance is a great benefit that certainly protects your family from a potential lawsuit and any other stresses.
Many car insurance policies will also cover your medical bills if you are in a car accident. This includes hospital and surgery bills. Some car insurance policies will pay for physical therapy or reconstructive surgery. There are even car insurance policies that will protect your pets from possible harm. It is nice to know that were your pet to be harmed during a car accident, that the car insurance company would pay their medical bills as well.
Some people may complain about the cost of car insurance and having to pay for it. No one likes having to pay an additional bill. However, the benefits of car insurance far outweigh the negatives of possibly having this type of insurance. There are so many reasons to be happy that you have car insurance. Anyone that is driving a car should have car insurance. To drive without car insurance is to take a real gamble.
Saving money on car insurance requires a combination of techniques that improve your insurability, decrease the rate of insurance for your vehicles, and provide you with a unique advantage when it comes to purchasing car insurance.
This article will outline seven techniques that will ensure that you receive the lowest possible car insurance rates.
1 – Choosing the Best Insurer
Cost is certainly one factor when considering car insurance, but your insurer selection should be weighted more heavily on reliability. You could easily call a number of insurance companies, ask for quotes, and simply select the lowest bidder. However, even if the lowest cost insurer saves you hundreds of dollars a year in premium payments, that savings does you no good if you find yourself in an accident, needing car repairs or medical attention, with an unreliable and unresponsive insurance company. A good company is crucial. It’s not just about car insurance best rates.
#2 – Customize Your Policy
Before you begin calling around, it’s important that you determine the level of insurance coverage you need. Not everyone’s insurance needs are the same. Some families own two or three very expensive vehicles, while other families own only older used cars. Some people are members of AAA, while others are not. The specific terms of a policy should be determined by your life situation and the value of the items being insured.
#3 – How to Become Highly Insurable
Whether you’ve already purchased car insurance, or you are getting ready to start looking, one of the best things you can do to obtain the lowest possible rates is to improve those things that car insurance companies look at when they calculate your insurance premium. There are several things you can do in the short term to improve your insurability standing, and there are also things you can do over the long term to improve it as well. This section will describe four major elements of this technique to save money on your car insurance.
#4 – Reduce Your Car’s Insurance Rate
Another extremely effective technique to obtain the lowest possible insurance rate is to improve those things about your car which car insurance companies value the most when they calculate your insurance premium. There are several things that you can do before buying a car that will dramatically decrease your insurance premium. If you’ve already bought a car, however, and are looking for ways to decrease your existing insurance costs, there are still methods you can use that will substantially cut your premium costs.
#5 – Gaming the System
In addition to all of the techniques already listed in this article, there are also additional ways that you can use the insurance industries rating rules and premium calculation system in ways that will reduce your costs. Again, use the industry’s rules to get car insurance best rates.
#6 – Constantly Update Your Policy
One of the most important things that you can do to keep your insurance premium at a minimum is to always remember to update your insurance provider of any changes in your life that can reduce your insurance costs. Forgetting to do this can be very costly.
#7 – Deciding on Liability Only
There comes a point in the life of a car when the decision needs to be made whether or not it is worthwhile to maintain collision and comprehensive insurance coverage.
Getting Rock Bottom Insurance Rates
If you carefully follow each of the sections outlined in this guide, you are guaranteed to receive the lowest possible insurance rates for anyone within your calculated risk bracket. No one should ever overpay for car insurance – especially given the fact that there are so many insurers in the industry competing for your business.
Most people overpay for car insurance out of sheer laziness. However the consumer that understands how car insurance works, and is clever enough to take advantage of all of its loopholes, will save significantly on their premium in the long run.
Before you step foot into another insurance office, or visit another insurance website, make sure to print this guide and follow it carefully in order to ensure that you get the best insurance deal possible. Remember, car insurance best rates are achievable.
Questions and Answers
I am a new driver and i have been looking around at cars. My car of preferance would be the Toyota Celica however im not sure if it can be insured to 17 year old because of the sports car label. I have looked at sites such as geico and all state for quotes but this has proven unsucessful. Any information would be greatly appreciated.
By: Jim R