If you drive a car, you must have up-to-date insurance. There are many insurance companies you can obtain auto insurance from, and you have a wide variety of options to choose from. Take time to read any information available about auto insurance to help you get the best deal available for you.
To save extra money with your monthly insurance premium, drive fewer miles each year. Less time behind the wheel can mean a lower premium for you.
In a number of states, you’re required to carry liability insurance if you are the driver of a car. You are responsible for knowing what kind of insurance policies you are required to have. Not having insurance will have you facing many financial and legal consequences if you get into an accident.
Insurance is based off the type of vehicle you have purchased, whether it is a car or truck. If you have high-class taste and want an expensive luxurious car, this will affect your insurance costs. Go with something modest and safe if you really want to save the most money.
There are optional protections past legal protections that can further protect you. Procuring additional coverage will be more expensive, though doing this may be worthwhile. If you are the victim of a hit-and-run or an uninsured motorist, you’ll be protected if you have uninsured motorist coverage.
Carpooling or taking public transit can save you money on your auto insurance. Insurance companies love it when a consumer shows responsibility, and lowering your mileage is one way to show this to them. Tell your insurance agent if you have been carpooling and using public transportation. They may be able to find you a discount based upon this information you provide.
Always get multiple quotes from different companies when buying car insurance. Many times, different companies will offer very different rates. Shop around for rate quotes at least annually in order to know you are not paying too much. When you compare quotes, also compare the levels of coverage the policy offers.
Most auto insurance policies are actually issued on the particular driver who buys the insurance, not the car itself. In the event you let your friend borrow your car and s/he gets has a wreck, your insurance company will be very unlikely to pay. You can get a policy that allows other people to take the wheel of your car, but it costs more for that coverage.
Reconsider buying add-ons for your car that you don’t really need. It can sound rather appealing to have heated seats or a top notch stereo system, however it is something that you really do not need. If you get in an accident and total your car, or if it’s stolen, the insurance company will only pay you for the value of the car, which does not include any after-market equipment.
Make a detailed checklist of the discounts that the insurance company offers, then tick off all the ones that you qualify for. You might be surprised at how much you can save by claiming discounts.
Insurance companies are all different. If you’re not satisfied with the quote you’ve been given, shop around and see what prices competitors are offering.
Keep the drivers covered on your policy current. The more drivers you have on your insurance, the higher one day insurance the premiums will be. Removing drivers that do not need to be covered by your insurance policy will save you money.
If your car is in good shape and you have few assets you need to protect, a great car insurance tip is to get coverage that is 100/200/100 level. Most states require motorists to maintain minimum liability coverage levels. Your policy should meet or exceed those levels.
A statistic indicating the “consumer complaint ratio” should be shown for many, if not all, the insurance companies doing business in your state. This number tells what percentage of claims with a given provider are met with a complaint.
Every one pays a different amount for their car insurance. The different rates are due to more than just the circumstances of the driver or the type of car that they are driving. Certain people can pay less money for the same or better coverage. You can get better coverage if you understand and educate yourself on the different auto insurance tricks.