Finding affordable auto insurances is simply a matter of sticking to the insurance company’s rules and following these tips. There are several sets of criteria used to determine insurance rates.
When shopping for auto insurance, be sure to know the different types of insurance coverages. If you are just getting insurance on one car, there are still many things to consider. If you accidentally hit someone, bodily injury liability will cover all legal costs and injury claims.
If you are thinking of adding a teenager to your auto insurance, find out how much it would cost to put them on your policy, versus the amount it would cost to get them a separate policy. It pay be less expensive to purchase a separate policy for them, depending on what cars they are driving.
Before you buy any “extras” for you car, have a conversation with your agent to see if this would change your auto insurance premiums. For example, a gps system that cost you $500 may only be appraised as adding a value of $50 to your car. If your vehicle is stolen, you will lose that difference.
In most states you are required to have a liability insurance in order to get your car on the road. As a responsible citizen, you should know your state’s insurance laws, and have a policy for at least the minimum requirement for your state. If you are uninsured and you get into a accident, you are breaking the law.
Carpooling and public transportation are great ways to lower your insurance costs. Reducing your mileage is a good way to demonstrate to your insurance company that you are a responsible individual. By lowering the number of miles you drive your car, you can often convince your insurer to lower your premiums, based on a lower risk of accidents.
As you now know, obtaining auto insurance that is affordable is not a “once in a blue moon” happening. With these tips and tricks, you can considerably lower your auto insurance premiums.