A good auto insurance policy is a vital part of owning a car, every bit as important as a well-tuned engine or a fresh set of tires. You get more out of your driving experience when you are protected by an affordable, effective insurance plan. This article will give you a few tips for getting more out of your car insurance dollar.
The year and options on your vehicle will play a large roll in how much your insurance premium is. Having a newer car with lots of safety features can save you some, but if you have it financed you will also have to pay more for full coverage.
When shopping for the best price on auto insurance, do not inflate the worth of your vehicle. Claiming your vehicle to be worth more than it is will only increase the cost of your premiums. In the case of a total loss accident, you will only be paid the amount your vehicle was actually worth at the time of the damage.
To save money on your car insurance shop for it before shopping for a new vehicle. Besides your driving record and location, the biggest factor in your price is the car they are insuring. Different companies will set different rates that are also based on their experiences paying claims for that type of car.
Many states will require that you have liability insurance, at minimum, if you own a car. 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. You are breaking the law if you drive uninsured.
To make sure your insurance covers you like it should, make sure you know how to file a claim and keep the paper work related to your insurance policy handy. When something happens, do not wait to file a claim. Contact your insurance right away so that they can help you out quickly.
When you are shopping for auto insurance for your teenage driver, get quotes for both adding him or her to your insurance and for buying a separate insurance policy. In general it will be cheaper to add a new driver to your current insurance, but there may be circumstances when it is less expensive to buy a separate policy.
If you don’t drive very far or very often, ask your insurance company if they offer a low mileage discount. Even if your primary car is driven a lot, you can instead get this discount on any secondary cars you might have that are driven less often. This can save you a bunch of money on your premiums.
If your annual mileage driven is low, your auto insurance premium should be, too. Fewer miles on the road translates directly into fewer opportunities for you to get into accidents. Insurance companies typically provide a quote for a default annual mileage of 12,000 miles. If you drive less than this be sure your insurance company knows it.
Take a course on safe driving. First, you will want to check and see if your car insurance provider offers any discounts for safe driving courses. Many do. Having taken one might qualify you for a discount. The courses themselves are not very expensive and usually do not take more than a week or two to complete.
Anyone shopping for a great rate on auto insurance should investigate the availability of group or affiliate discounts. Employer groups, professional associations and other organizations commonly negotiate special rates for their members, which can result in significant savings. Therefore, it pays to comparison shop with these types of potential discounts in mind.
Even though you may be loyal to a certain auto insurance company, it pays to shop around for other companies each year. The prices of auto insurance are constantly taking and by not looking around, you could be spending far more on your current insurance than you would be with another company.
When considering a switch in insurance coverage for your automobile, be sure to continue your existing coverage during the search. Even the briefest lapse in insurance is a huge risk to take, and your state may even fine you.
Many auto insurance firms offer discounts for a wide variety of reasons. For example, many companies offer discounts for installing new safety and security features on your car. Looking into these types of discounts can definitely be doubly beneficial as they not only reduce the cost of your auto insurance but are also generally good for you regardless.
When you take the time to learn about good auto insurance, your efforts will reap great rewards. Perhaps these tips will save you some money. Maybe they will improve the coverage you get. Getting a better deal on car insurance makes you a safer driver: You drive with confidence when you know your insurance payments are giving you the most bang for your buck.