Car insurance advice
If you own and drive a car, you need car insurance. But how do you know what policy to buy?
First of all, make sure you understand what the policy does and does not cover. If the policy doesn?t provide the coverage you need, then ask your insurance provider to come up with a new policy quote. While you are required to have car insurance, you also need to make sure the insurance coverage will take care of you in case of an accident or vehicle breakdown. Get all insurance quotes in writing. Having a written record of the quote prevents the car insurance provider from trying to raise the price on the premium if you decide to purchase the insurance.
If you also insure your home, or you have life insurance, ask about bundling your policies. Bundling means you get all your insurance from the same company. Insurance companies offer significant savings to keep you as their customer for multiple kinds of coverage, and the simplified billing makes budgeting and paying?and making sure you have paid?much easier.
A major factor in how much you pay for car insurance is where you live. Generally speaking, you will pay more if you live in a city and less if you live in the country. Also, the more expensive your car, the more you will pay to insure it. The safer your auto is rated in test crashes, on the other hand, the less you will pay to insure it. Any kind of "flash" or any custom feature will increase your insurance costs.
Always ask about discounts. Insurance companies often offer lower rates to women, seniors, households with multiple drivers, holders of bundled policies, and men and women in the armed forces. You often can get a cheaper policy if you belong to certain organizations and clubs, like AARP. If you have a teenaged driver in your household, and he or she is a good student, ask about good student discounts. Your teen can also get you lower premiums by enrolling in and completing driver ed or a defensive driving course.
Finally, ask around and get several car insurance quotes. Another provider could possibly offer you better coverage at a lower premium. Providers are competitive, so they also might be willing to lower their rates if they know you are shopping around for a deal. The internet makes comparison shopping easier that it was in the past. You can also do research and find out what discount programs are available, the risk assessment for your neighborhood and safety information on your vehicle. Being armed with knowledge will making negotiating a better rate easier than if you go into the negotiation unprepared.
No matter what your auto insurance needs, always deal with professional, licensed insurance brokers. They can go over your situation and tailor a policy to your precise needs, as well as answer all your questions.
First of all, make sure you understand what the policy does and does not cover. If the policy doesn?t provide the coverage you need, then ask your insurance provider to come up with a new policy quote. While you are required to have car insurance, you also need to make sure the insurance coverage will take care of you in case of an accident or vehicle breakdown. Get all insurance quotes in writing. Having a written record of the quote prevents the car insurance provider from trying to raise the price on the premium if you decide to purchase the insurance.
If you also insure your home, or you have life insurance, ask about bundling your policies. Bundling means you get all your insurance from the same company. Insurance companies offer significant savings to keep you as their customer for multiple kinds of coverage, and the simplified billing makes budgeting and paying?and making sure you have paid?much easier.
A major factor in how much you pay for car insurance is where you live. Generally speaking, you will pay more if you live in a city and less if you live in the country. Also, the more expensive your car, the more you will pay to insure it. The safer your auto is rated in test crashes, on the other hand, the less you will pay to insure it. Any kind of "flash" or any custom feature will increase your insurance costs.
Always ask about discounts. Insurance companies often offer lower rates to women, seniors, households with multiple drivers, holders of bundled policies, and men and women in the armed forces. You often can get a cheaper policy if you belong to certain organizations and clubs, like AARP. If you have a teenaged driver in your household, and he or she is a good student, ask about good student discounts. Your teen can also get you lower premiums by enrolling in and completing driver ed or a defensive driving course.
Finally, ask around and get several car insurance quotes. Another provider could possibly offer you better coverage at a lower premium. Providers are competitive, so they also might be willing to lower their rates if they know you are shopping around for a deal. The internet makes comparison shopping easier that it was in the past. You can also do research and find out what discount programs are available, the risk assessment for your neighborhood and safety information on your vehicle. Being armed with knowledge will making negotiating a better rate easier than if you go into the negotiation unprepared.
No matter what your auto insurance needs, always deal with professional, licensed insurance brokers. They can go over your situation and tailor a policy to your precise needs, as well as answer all your questions.
About the Author:
Tom Martens is the content syndication coordinator for Carinsurancesa.co.za. South Arica?s leading car insurance portal.
posted by Credit Counseling at
7:24 AM
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