Car insurance has purposes other than protecting your vehicle. It’s goal is to make sure that other cars, and any people that are on the road, are safe. You need to make sure the coverage you get fully meets all of your needs. The advice in this article is designed to show you how to get the most coverage from your auto insurance policy for the least amount of money.
Don’t just accept the first insurance quote you get. Every company is different when it comes to how they determine your premium. Comparing a few different companies before making your final decision can end up saving you quite a bit of money.
You should always strive to keep your insurance from lapsing as a means to keep your rates low. Switching carriers or even policies might result in a gap in coverage. When companies find out about gaps they will raise insurance rates.
Most auto insurance policies are actually issued on the particular driver who buys the insurance, not the car itself. Sometimes, people allow a friend to borrow their vehicle, but if this friend wrecks, your insurance company will not pay for the damage. There are coverage options that insure only the car itself, rather than a car/driver combo, but you have to pay extra for these types of policies.
It is better to pay your insurance in one lump sum each year rather than paying monthly installments. Your auto insurance company may add three to five dollars to your premium. This amount can add to your bill quickly. This can be a burden in addition to your monthly expenses. You generally spend less on your insurance if you pay the bill in full when it is due.
The auto insurance you purchase should include property damage liability. This covers any damage your car may have created during an auto accident. Every state but three require this. If you do get into an accident, having property damage liability can save you quite a bit of money.
Trade in your sports car for something more insurance friendly. It costs more money to insure a sports car. Try going for a low-profile model. The better the engine, the more you will pay for insurance. Another reason it’s so expensive to insure sports cars is that they’re more susceptible to theft than other cars.
If you need to save money, choose a higher deductible. This move may be risky as you will have to pay more in the event of an accident, but your monthly insurance rates will be cheaper. Increasing your deductible will lower the amount you have to pay for your premium.
Ask for a list of discounts that are available through your current insurance policy. You should thoroughly comb this list for any discounts that are applicable to you. If you want to spend as little as possible on auto insurance, you want to make sure you are getting all the discounts you can.
If you drive less than 7,500 miles annually, you may be eligible for an insurance discount. Making less trips with your car can save you more than just gas money.
Even though your insurance company should send someone to record damage from an accident, you must also document what happened. Taking pictures from your cell phone is a good way to record the location and damage of an accident. Some people even keep a camera in the car for just this purpose.
Before purchasing a vehicle, you should also consider the cost to insure that vehicle. Auto insurance companies give you a better rate for cars that are newer and equipped with more safety features. High performance vehicles are not as well-regarded. You should remember to include the expense of insurance when you are calculating your monthly car budget.
If your car is a high quality one, you may want to purchase 100/200/100 level liability coverage. It is important to have sufficient liability coverage on your car since most states require specific minimum levels.
A ratio of consumer complaint statistics should be accessible for the major providers found in your state. This shows the percentage of claims that are met with complaints in a company.
Make sure you know how the company operates and treats customers before you deal with them. Your car insurance comparisons should look at more than just the cost. It’s common for insurers to offer low rates because they engage in underhanded schemes to weasel out of paying when you get in an accident.
A great way to lower your car insurance is to have an anti-theft device, such as Lojack, an immobilizer or an alarm, installed in your vehicle. A big factor in the calculation of your insurance premiums is the possibility of your car being affected by theft. Your policy will cost less if you have a safer car.
Many times auto insurance companies offer discounts, and customer rewards. Most insurers will give a rebate to those who drive fewer than 7,500 miles each year. You may also secure lower premiums by taking mass transit to your workplace. If public transportation isn’t possible, you could always consider carpooling.
You can find some great savings on insurance, if you are a part of some organizations. AARP or some credit unions may make you eligible for auto insurance discounts.
It is important to review your automotive insurance policy for errors. You need to know that your policy is right so that you can steer clear of any trouble you may have when you need to file a claim. Is your address accurate? Be sure that the vehicle’s information, such as the year, make and model, is correct. You premium is also based on your yearly mileage so be sure that it is accurately reported if you drive less that the average driver.
Using the tips and information that you learned from this article, and have another look at your policy. You may be surprised to discover what is actually in your policy, and what is not covered.