Buying an auto insurance policy can seem like a big headache. Purchasing car insurance isn’t rocket science; however, you do need to do some research and know what your needs really are so that you get the coverage you need. This article is filled with tips that will give you the information you need to get a great auto insurance policy.
To save money when pricing car insurance for your teenage driver, make sure you price out a separate policy for them and compare the cost to how much it will change the price if you add them to your current policy. Many times it may be cheaper to just get a different policy.
Liability insurance is required in many states for those who operate motor vehicles. The law requires you to be pro-active in knowing if you’ve got the required minimum insurance coverage for the state in which you reside. If you get into an accident without the insurance your state requires, there will be some steep financial consequences. Even worse, you will be a lawbreaker.
The notion that car insurance premiums drop instantly when a driver reaches age 25 is a common misconception. Actually, rates start dropping around age 18, so long as the driver has a solid record of safe driving.
Your insurance premium will be dependent upon the brand of car, SUV, truck, ATV, boat or motorcycle you buy or lease. The mileage, make, model and year of the car will determine how much your insurance bill will be. If your tastes lead you towards a luxurious car, the numbers on your insurance bill will rise accordingly. Choose a vehicle that’s safe and modest to receive the lowest insurance rates.
When purchasing car insurance, get quotes from multiple carriers. As you will find, insurance rates vary greatly by the company. By checking insurance rates yearly, you can be sure you’re paying as little as possible for your insurance. However, make sure the policy details for each quote are very similar.
The person who drives the car on the car insurance policy is the only one being insured – you should always remember that. Normal insurance policies are unlikely to pay out if someone other than the policy-holder was driving at the time of an accident. You can opt for coverage that will allow other people to drive your car, though you will have to pay a little more for that.
It is not a good idea make your insurance premium payments on a monthly basis. Your insurance company could be adding an additional three to five dollars to your bill. Paying annually could save you 60 dollars a year. It can become a source of frustration on top of your other bills. If you have less payments you will be better off.
Property Damage Liability
It’s imperative that you obtain property damage liability when you purchase vehicle insurance. This liability will cover damages your car causes during an auto accident. Only three states do not require this. If you are even involved in an accident, property damage liability can protect you from losing a large sum of money.
Car insurance rates fluctuate and are dependent upon where you live. Often times, the state-by-state rates can depend on the likelihood of accident of theft. Most rural areas have lower insurance rates than big cities.
As you can tell, most people fail to realize just how much there is to auto insurance. Taking the time to carefully consider and research your auto insurance policy can save you time and money in the event you need to use your insurance coverage. Just follow the advice above, and you will be better armed to shop for auto insurance.