Car Insurance

 

Car insurance or auto insurance or vehicle insurance is an expensive and important investment, so it is equally important that the car insurance you get covers the most for the money.

A car insurance suitably covers either or all of the following:

·          Third Party Only

·          The insured vehicle

·          The insured party

Try to find an insurance company that covers you, your automobile and other parties involved if an accident was to occur. But remember that the more the insurer covers you the more expensive it will be. Otherwise, find out whether you have the option of selecting and rejecting the parts that you do not want covered

Choosing Car Insurance

• Visit your own state’s department of insurance who will guide you the best.
• As unbelievable as it may be, a good point to remember while choosing car insurance is to know which insurance companies body repair shops are recommend.
• Find out information from J.D. Power Consumer Center who has comprehensive information on insurers, also their data bank gets updated regularly.
• Find out the insurance company’s financial strength ratings.
• Talk to an independent car insurance agent. 

Do shop around. The same way you will not select the first car or house that comes your way similarly do not select the first car insurance offer that comes your way. Keep your options open and remember haste makes waste.

Most insurers practice a method where they rate cars in points from 1 to 30. Meaning, the more the model’s number, the more your insurance will cost.

MYTHS and TRUTHS:

• Anyone who tells you that a 2-door car is more expensive to insure than a 4-door car does not know anything about auto insurance.
• Less expensive cars do not always promise a cheap insurance amount.
• Find out what different insurers are offering, as the insurance for each model is not the same.
• If a friend crashed your car it would be your insurance company who would be paying for the expenses. Besides, the incident will forever scar your insurance record while also raising your premium.
• Female drivers rejoice! Young male drivers end up paying a higher insurance premium compared to their female counterparts.
• Careful how you spend with your credit card because insurance companies keep tabs on your credit score.
• Your personal auto insurance does not cover both your business and personal use of your automobile.
• Did you know that a Suzuki Esteem sedan has 193% more injury claims than that of a Ford Escape. Though many rappers and chic stars may prefer the Lincoln Navigator, a Cadillac Escalade has 635% more chances of being stolen. And there are 273% chances for a Dodge Stratus to be stolen than a Saturn LS.
• A college GPA of B or better will get you a discount with some insurance companies.

Before making quick decisions it is always recommended to research. Ask car-owners, agents, and surf online and speak to insurance agents.  To read more about car insurance CLICK HERE>>

To get a new or used car loan CLICK HERE>>

This entry was posted on Saturday, July 28th, 2007 at 11:47 pm and is filed under Buying a Car. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.