subject: Auto Insurance Tricks That Everyone Should Know [print this page] Purchasing an auto policy can be a pain for you. You don't have to be a genius to make a smart purchase in auto insurance, but you should take time to do research. What do various insurers offer in terms of coverage and premiums? Getting specific quotes from them can save you a lot of money. The following tips are offered to help you make a smart purchase when it comes to insurance for your vehicle.
During the first two months of coverage, insurance companies can end your coverage without telling you why. They have this time period to verify the information you gave them and investigate your risk level. A policy termination is a big headache that can have you paying more for insurance for many years.
To keep your insurance rates low, pay on time and never allow your auto insurance coverage to lapse. You can create gaps in coverage easily by moving from one insurance carrier or policy to another one. As soon as insurance companies become aware of a lapse, rates go up.
Make sure you have a comprehensive list of the changes you've made and accessories you've put into your car. This documents will be important if you experience damages or even theft. Be sure that your auto insurance will cover the expensive modifications that you make to your car if you experience theft or damage.
Property damage liability is an important thing to have on your auto insurance policy. This coverage will include any damage you may have incurred during an accident. It's technically required in all states, except for three. If you do get into an accident, having property damage liability can save you quite a bit of money.
One way to save money is to remove coverage for rental cars from your insurance policy. When you consider including car rental coverage, speak with your insurance company and ask how much that coverage is costing you in premium dollars. Save additional money on your insurance policy by having it removed, just keep in mind that it isn't there if something happens to your car.
Drivers who have a short commute, or drive infrequently, can qualify for a discount on their insurance. In order to qualify for the discount you want, you are going to have to drive less than 7,500 miles in a given year. Using public transit, such as a bus or train, for your commute can also get you a discount on your car insurance.
It's important to do your research before purchasing auto insurance. There is a wide variety of coverage available; being knowledgeable about each type will help you make a better purchase. Your insurance may only be for a single vehicle, but the cost will still be affected by many different variables. Liability and bodily injury insurance will cover legal costs, but you will need death and injury coverage if your car hits someone.
Talk to your automobile insurance agent and have them give you a list of the discounts they offer. Review all of their discounts and make sure you are getting all of the discounts that you qualify for.
Deciding on auto insurance is not exactly simple. If your primary vehicle is a luxury car, then you want its value to be covered. To clarify, say you own $100,000 in belongings. If a mishap is your fault, the injured party can bring charges against your personal belongings. Insurance only covers the amount stated in bodily injury liability. If you have $10,000 bodily liability coverage, a $50,000 medical bill from the injured party would mean $40,000 paid from your assets. In the long run, having all the coverage you need will will pay off.
Automobile insurance is more complicated than people think. Like with many things, you should take the time to learn as much as you can to ensure your car is well-insured and covered under any situation that may arise. Keep the above advice in mind the next time you have to get car insurance, and you are sure to make wiser choices.
by: Harold Perryman
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