Use These Tips To Get The Cheapest Auto Insurance
If you are driving without auto insurance, you are running the risk of facing serious legal penalties. It is not intelligent to use an automobile that is not insured. Be intelligent and take the time and save the money to get auto insurance, because ultimately it will keep you out of trouble as well as save you money if you wreck your car. This article will inform you on how to get the best insurance for your money.
Bundle all of your insurance needs to save money. When you are looking for cheaper auto insurance, consider asking the company that carries your home-owner policy, or renter’s insurance, if they also have car insurance policies. You will often save quite a bit of money by having all of your insurance in one place.
Do not allow your auto insurance policy to terminate for non-payment or terminate before you switch to a new insurer. If you do, this may cause your insurance rates to increase for quite some time.
Be aware of different kinds of coverage that can be included in an auto insurance policy. Another type of coverage is property damage liability. This type of coverage covers any claims for property that is damaged by your car in an accident. Since this liability coverage protects the other party too, it is required in 47 states.
When renting a rental truck, it is likely better to purchase the rental insurance as many auto insurance policies do not cover the same damage for a commercial truck. Your credit card agreement will likely also not cover the insurance related to the renting of a commercial truck. Check your policies to be sure, but in most instances it is better to opt for the insurance when renting a truck.
Contact your auto insurance agency if you have a change in your work situation. Retiring, cutting back your hours, or switching to telecommuting all mean that you will be driving considerably fewer miles each week. The number of miles you drive can have a significant impact on your auto insurance rates.
One overlooked way to save money on your car insurance is to stick with the same company for an extended period of time. Most insurance companies offer reduced rates to long-term customers which can add up to big savings over time. So, find an insurance agency to your liking, stick with them and watch your premiums go down.
Before you buy a policy from an insurance agency, search the Better Business Bureau’s website to track their customer satisfaction rating. If you find that they are not up to par with other companies’ standards this will give you valuable information and help you decide if they are the right company for you.
Take advantage of any discounts that your insurance agency offers. Get a list of discounts from your agent and go through them to see what you qualify for. Many insurance agencies offer discounts for taking a defensive driving course, or for students, maintaining an A average in school. The more you can save, the better off you are.
If you’re currently covered by a car insurance policy and happen to see the same policy for a better price, do not jump at the offer right away. A lot of drivers will instantly switch sides when they see the dollar signs, but they never bother to read the fine print. Companies lure you in with the promise of low payments, but leave you lacking in coverage, so always be weary of this fact.
Use social media to your advantage when shopping for an auto insurance policy. Check what real drivers are saying about insurance companies via websites, forums and blogs. By going the social route, you will find out the truth about an insurance company, not the hype the insurance companies themselves pay to put out.
Stay out of the gap. If you have more financed on your car than it is worth, if your down payment is less than twenty percent, or if you lease, you should add Gap Coverage onto your auto insurance policy. The Gap Coverage will cover the additional amount, over the worth, if you total your car or it gets stolen, and the entire amount of the loan will be paid off.
If you have a shiny new car, you won’t want to drive around with the evidence of a fender bender. So your auto insurance on a new car should include collision insurance as well. That way, your car will stay looking good longer. However, do you really care about that fender bender if you’re driving an old beater? Since states only require liability insurance, and since collision is expensive, once your car gets to the “I don’t care that much how it looks, just how it drives” stage, drop the collision and your auto insurance payment will go down dramatically.
Most states require that you pay for liability insurance. It is up to you to find out whether your state has such a law and, if it does, make sure you are in compliance with it. If you cause an accident or are the victim in an accident, you will be breaking the law if you are uninsured, as well as having to face serious financial consequences.
Nearly all states require you to purchase liability insurance for your vehicle, although the minimum amount of coverage required often isn’t sufficient. For example, if you’re unfortunate enough to hit a Ferrari or a Lamborghini, chances are slim that your minimum property damage liability coverage is going to be enough to pay for the cost of repairs. Increasing your coverage is fairly inexpensive and is a smart way to protect your assets in the event of a serious accident.
Now that you realize how unintelligent it is to drive without auto insurance, its time to make a decision on what is best for you. With the knowledge provided in this article, you are now ready to tackle the sometimes daunting task of getting the insurance you need. Remember, auto insurance is most definitely worth it!