Understanding your auto insurance policy, will save you money

February 26, 2012

For the first time to buy coverage or update an existing car insurance policy, consumers should take the advantage of a competitive insurance market, according to the Insurance Information Institute (III). Consumers can contact their insurance agent or company representative to ensure that they are getting the best possible rate auto insurance quotes of rights. As a consumer, it is important to education coverage options, ask questions, and make sure you can get any available discounts. Your premium rate is based on a variety of factors , including your driving record; your car parked where you live, the type of car you drive, your age and gender, your credit score; the type and quantity of coverage. To help consumers get the best price, the third best car insurance policy provides the following recommendations.

A. Shop around

Price and coverage levels of the same from company to company, so it pays to shop around. Get at least three quotations. You can directly call the insurance agent or company, as well as information on the Internet. But do not price shopping list – compare auto insurance companies have good customer service reputation. Ask the recommendations of friends and relatives and check consumer guides, and state insurance department’s website Finally, remember the review of insurers’ financial strength rating

Two. Check insurance costs before buying a car

Auto insurance premiums according to the price of the car, to fix its costs, its overall safety record and the possibility of theft, so it is worth considering these factors, before making a decision to buy which car.

3. Increase your deductions

The deductible is the amount you pay, the insurance kicks in. more comprehensive or collision coverage deductible, you can significantly reduce the premium costs. Before choosing a higher deductible, make sure you have enough money to pay, if you have a claim reserved. 4. Reduce consider giving up the old vehicle optional comprehensive or collision coverage on the old car. If your car’s market value is less than 10 times, you pay for auto insurance premiums, to purchase collision coverage may not be cost effective.

5 Asked all of the insurance discount

Insurance companies offer a variety of discount – There is something you can ask:

Anti-theft devices

The same company policies

Away from home students

Defensive driving course

Driver version of course

Good credit record

Higher deductibles

Low annual mileage

Long-term customers

One car

Three years of accident-free

No moving violations within three years

Drivers of good grades

Filed under: auto insurance companies — admin @ 3:14 pm

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