types of auto insurance
Having an automobile and taking proper care of it is a part of becoming a responsible adult. So whether you’re a teenager who’s just starting to drive or an old pro behind the wheel, the one thing you need more than anything is a great insurance package. Here are some good insurance tips you can use.
When buying a new or used car, don’t forget to factor in the cost of insurance. Your dream car may come with an insurance premium that pushes the monthly payment out of your reach. Do some research before you go shopping. You can find average rates for different car models online, or your insurance broker can provide this for you.
Rental car policies vary, but most allow only an immediate relative, who is of age, to drive the rental car. Be sure to pay special attention to the rental contract as it will state who is allowed to drive the car. Some rental companies will require anyone driving to sign the agreement and provide their driver’s license. It is also possible for the rental company to charge an additional fee for additional drivers.
If you are looking for a way to reduce the premium of your auto insurance, take a certified defensive-driving course. In some states, taking this course can decrease the amount of your premiums because insurance companies feel you are less of a risk if you touch up on your driving skills.
Shop around for car insurance instead of renewing it. When it comes time to renew, many car owners do just that. They renew their car insurance. Instead of renewing, take a look around at other providers. Your situation might have changed or you might be able to find a better deal.
It is essential to understand what exactly you are covered for. One of the most complete types of insurance is called comprehensive. Comprehensive is considerably more expensive, but covers you even in strange situations like fires, floods and vandalism. Most of the time you will not need this, but in some situations, it can be a lifesaver.
If you are involved in a hit and run accident, you need to report it to your insurance company right away. They will be able to send an insurance adjuster to the scene of the accident. They will take pictures and sometimes they are even able to cut you a check to get your car repaired right there on the spot.
Keep your credit in good standing. Many insurance companies will check your credit rating before quoting you on your auto insurance. A bad credit rating will affect how much your premium is and how much you will pay every month for auto insurance. Having good credit will reduce your premium.
When you are looking for car insurance you should remember to check several quotes depending on the actual car that you want to insure. Even though one agency may be cheaper for one model that doesn’t mean they will be the best option for all models. Get quotes on several different cars from different agencies before settling on one.
A great tip to getting affordable auto insurance is to make sure that you have an accurate policy. You should make sure your current policy matches your situation because if it does not, you could be paying more when you do not have to. This includes your vehicle information and yearly estimated mileage.
There are a few things which you can do to help bring your cost of auto insurance down. If you are over 25 years old you can receive a discount. If you are a safe driver who always buckles up, and has airbags in the vehicle, you can receive a discount. The best way to get the lowest prices is to have a clean driving record along with no prior insurance claims.
Don’t forget to inquire about special discounts when you are purchasing an auto insurance policy. Discounts are usually based on risk, and if you are a lesser risk to the insurer, they may lower your premium. Discounts may be given if you’ve had a good driving record, have an anti-theft device installed in your vehicle, or if you’ve taken courses on safe driving. Check with your agent to see if you qualify for any of these, or any other discount that might be available.
If your auto insurance policy comes with a number of minor extras, see if you can drop any that you won’t need to save some money. Talk to your insurance agent and go over each of these extras to see which you really want to keep and which are just costing you money each month.
When you are hunting car insurance discounts, check with all of the clubs and organizations you belong to, not just auto-related ones. Professional organizations and major service clubs (like the AARP), often have car insurance deals to offer to their members. Taking advantage of organizational discounts can save you plenty of money.
If your old car is not worth anything per the Kelly Blue Book value, think about dropping collision and comprehensive insurance coverage. When you make an insurance claim on a car, the insurer will compensate you for what the Kelly Blue Book value is. If your car is not worth anything, you will receive nothing from the insurer.
If your car is more than 10 years old, you might want to consider dropping the comprehensive portion of your auto insurance. You may be paying more for that portion then your older car is worth. Instead, save the extra money and use it when the time comes to buy a new automobile.
If you consider yourself to be a good, safe driver, then perhaps you should consider letting your insurance company put a monitor in your car. For great discounts, they will put a tracker in your car which monitors driving habits, whether good or bad, and base their rates and discounts on what type of driver you are.
By using the insurance tips in the above article, you are taking a stand and putting your foot down on paying the inflated rates the insurance companies are charging today. These tips will help you save big, so read them carefully, learn them, and then apply them to experience great savings.
JOCKEYING FOR POSITION IN THE AUTO INSURANCE MARKET
types of auto insurance