Owning a car can be an expensive venture, between the purchase price, gas and keeping up with repairs. One of the most important decisions to protect your vehicle is choosing the right auto insurance company. This is a big decision which can’t be made simply from seeing a commercial or a billboard and committing to that car insurance company.
Getting the best auto policy for your needs involves asking the right questions when comparing quotes. This will insure that you not only get the best rate, but get the coverage you need.
Watch the video here:
Three Questions to Ask Before Buying Car Insurance
How Much Driving Do I Do?
How often do you use your car? Do you require it for your daily commute to and from work, or do you need it for other daily activities, such as driving the kids to and from school? It’s easy to measure this by tracking your car mileage each month.
If you determine that you do not drive a lot, a mileage-based insurance policy may be ideal for you. The policy will cost less if you do less driving; however, make sure to report the accurate amount to make sure your claim doesn’t get denied.
What Kind of Coverage Do I Need?
Every state has a bare minimum for the amount of auto coverage you need to purchase. For the most part, this sum is applied to auto liability insurance, which covers property and vehicle damages, legal fees and accident-related injuries. While this bare minimum might be enough for some, it is important for you to consider a few other options available to you, such as:
Personal Injury Protection: This covers your and your passengers’ medical expenses and lost wages when you’re hit by another party.- Collision: Regardless of who was at fault for an accident, your car repair costs will be covered.
- Uninsured and Under Insured Motorist Protection: The cost of your car repairs will be covered even when the defaulting driver is uninsured or under insured.
- Comprehensive: Coverage for damages to your vehicle resulting from non-crash incidents like vandalism, fire and theft.
What is My Risk Assessment and Discount Possibilities?
Your insurance rate is affected by a number of different factors, most of which are used to assess your “risk” level (how likely you are to make a claim). People with a higher risk assessment are charged higher rates, and vice versa. Your credit rating, criminal record, age, driving record, where your car is parked and other factors form the base of this assessment.
Always ask about possible discounts to save on your car insurance policy. Student discounts, a safe driver assessment, having continuous insurance, a multi-car or multi-policy, eco-friendly vehicles, and more could discounts and savings, depending on your carrier.
Check out https://savemoneytricks.com/car-insurance/ to find the best priced auto insurance for your needs.
For more ways to save money and put it back in your pocket, visit us at savemoneytricks.com.
