subject: Cheapest Car Insurance On The Market [print this page] Cheapest Car Insurance On The Market
You can be sure that when it comes to car insurance you get what you pay for. If you are confused as to what is meant by cheap car insurance let me set you straight. The only time you are going to get the cheapest car insurance is when you take out the most basic cover, and this at most times has the same effect as trying to stop a large geyser with a bath plug. The only way to rest assured you are getting the best cover is to look for the most comprehensive cover. What people really want when searching for the cheapest car insurance, is the most comprehensive cover for the lowest prices. So what does comprehensive cover mean and why are you paying more for it?
Well let us be honest, any insurance is a form of risk management, meaning you are paying for an event which you are not even sure will happen, and if the event does happen the insurance company will pay the lump sum amount. It is almost like a savings plan, the only difference is that when you save your money it is yours to do with what you please, whereas with car insurance you might never see a single penny of your money returned to you if you do not have an accident or if you car is not damaged or stolen. However the reason why many people take out car insurance and do not save the money is because even if you have not accumulated the sum total of the accident amount, should you be in an accident, the insurance company will still pay the damages if the contract agreements have been met.
Because you do not know which event is likely to happen many people search for the cheapest car insurance cover, so that they can get the most coverage at the lowest price. Let me give you an example; if you only take out insurance for theft because it is the cheapest insurance, and you are in an accident your insurance company will not pay out the money needed to pay for damages to the car because you do not have accident insurance. This means that you could have spent years paying car insurance but you cannot use that money to fix your car.
The cheapest car insurance is not the insurance with the least amount of coverage, but is the most comprehensive coverage at the cheapest prices.
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