subject: Comparing Auto Insurance Is Just Smart! [print this page] What Do You Know About Auto Insurance?
Did you know there are many different levels and type of auto insurance? Did you know there are many way you can save on your auto insurance? The more facts you know, and the more quotes you get on your auto insurance, you'll find you can save a lot on premiums every month. It just takes getting acquainted with the "why" and "which" of auto insurance to make sure that you get the right auto insurance for you and your situation. All states require car owners to carry some type of auto insurance, so it's important to know the minimum requirements for your state when it comes to auto insurance.
Three types of auto insurance in a nutshell:
Liability auto insurance is the type of insurance that is required by the state. Liability pays for damage to the other party's car and their medical expenses if you are the one at fault.
Collision auto insurance is coverage to pay for damage to your own car, whether or not you're at fault. It also pays your medical expenses, and there is usually a deductible associated with this type of auto insurance.
Comprehensive insurance covers everything else (well, maybe not everything!) This type of auto insurance covers fire, theft, weather damage, vandalism, etc.
By the way, if you're financing your car, the lender will usually require proof of full coverage on your car. This means you HAVE to carry liability, comprehensive, and collision. The lender wants to make sure the car is repaired no matter who is at fault.
Now, how can I save on auto insurance?
There are many ways to save on auto insurance. I'm listing a few that could save you hundreds of dollars in auto insurance premiums.
Compare auto insurance quotes online to save hundreds!
There are many terrific auto insurance websites online. Just search for "auto insurance," "Portland auto insurance (or enter your own city)," "auto insurance Portland Oregon," or "quotes to save on auto insurance." Let me tell you, this is a great way to compare quotes and get an idea if you can save money on your auto insurance. You just enter your information on the website and they will compare auto insurance rates from many companies. This way you can see online which rates are best for you. This can save you A LOT of cash!
Raise your deductible.
If you have to carry collision and comprehensive auto insurance, raising your deductible can save you money. This is especially a great option if you have a good driving record. Your chances of getting in a car accident are low, and you're saving money on your insurance premiums in the mean time.
Consider ONLY carrying liabilty.
If you have an older car you may want to just carry liability. Weigh the cost of the car against the price of the insurance. This can save you lots of cash as well.
Get your best rates on auto insurance today!
by: Jack Nelli
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