subject: How And Why You Should Get Auto Insurance Multiple Quotes [print this page] When you need insurance, it is always wise to get auto insurance multiple quotes so that you can obtain the best deal. This has many benefits, the most important one being your bottom line. It is the best way to get the most cost effective cover available.
Insurance usually covers the third party, you, your vehicle and the third party's vehicle and or property. Most auto dealerships will not sell you the car without you taking insurance on the vehicle first. In many countries, it is illegal to drive a car without auto insurance.
The cost of the insurance is determined by a variety of factors. The size of the car, the age, and the make and its purpose are all assessed. These criteria are all listed onto the schedule and considered, before a premium is determined. Buying the insurance at the time the vehicle is bought, gives you peace of mind. In fact, most car dealers will not let you leave the lot unless you can provide them with proof of insurance.
With this cover in place should you have an accident all you need to do is complete the claim form and submit it to the company. They will then assess the damage and other factors and you will eventually be paid out for the damage.
As an exchange for the cover that you receive from the insurance company, you will be expected to pay a monthly premium to the company. This will have to be paid for as long as you require the insurance cover. Aside from the above-mentioned criteria, you will need to supply them with your age, sex and for how many years you have been driving.
Men pay higher premiums, as it is believed that women are more cautious drivers. Single people pay more as they apparently drive more than married people. Older people pay less as they generally drive a lot less than younger, married people do.
Premiums are higher on sports cars. The kind of driving that is done is also a factor to consider for the insurance underwriters. Traffic and the price of petrol have increased dramatically over the last few decades and this has an influence on the price of insurance.
The economic climate plays a huge role in determining the price of insurance. Theft is rampant these days as many people are unemployed and see burglary as a viable option to going hungry. In Canada, there is a public insurance scheme and therefore insurance is compulsory in that country. For all these reasons it is handy to get auto insurance multiple quotes.
by: Lance Thorington
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