Car Insurance - Buy Smart
You can pay anywhere from $ 500 to $ 2,000 for the same car insurance, so it’s worth shopping and doing your homework. However, cost savings should not be the only concern. When you buy insurance, you are actually buying protection. and pinching a penny can come back to bite you if you’re not careful. Here are some tips to help you make good decisions when buying car insurance.
In some states, such as Texas, 30 percent of drivers do not have insurance or adequate insurance, so it is very important to have an uninsured / underinsured motorist that covers your medical expenses, lost wages and your pain and suffering if an uninsured motorist hurts you.
Think your car further. The more property and income you have, the more insurance you will need. A personal liability roof policy combined with homeowner coverage is not very expensive, but can still provide critical protection for your assets. If you already have good family health insurance, you may avoid paying more for personal injury insurance or health insurance related to your car insurance.
Your loved ones matter. Crime rates are a factor. Think about what kind of cars are driving around you. If you live in a comfortable area full of high-end cars, you may want to increase your property damage protection. If you live in the countryside, you will probably enjoy lower prices than in busy urban areas. Living in downtown Dallas, Texas is likely to cost you more than living in a quiet suburb on the outskirts of Kansas City in Missouri.
Car parking may affect the insurance premium. If you park in a garage, it is less prone to theft and weather damage than parking on a driveway or street, and may qualify for a discounted price. If you work from home, have a short daily commute, or use public transportation, you may also save money on your car insurance with a low mileage discount.
Depending on what you do for a living, you may be able to save on your car insurance premium. Some professions are considered lower risk. Teachers, scientists, police officers and firefighters often receive discounts on their insurance premiums.
Students who attend school more than 100 miles from home can receive a discount because they are rarely at the wheel of a family car. Getting good grades is worth it, in many ways. Ask about good student discounts.
Getting married is worth it. Married men have statistically fewer accidents than unmarried men, so if you’re looking for a little extra incentive to jump, consider saving on your car insurance premium - don’t just include it in your proposal. If you have more than one car in your home, ask for a multi-car discount.
Drive carefully. An overspeed fine can cost you more than just a fine. A bad driving history can also raise your commission expenses. The next time you are in a hurry, slow down and protect yourself and your wallet.
By buying the right kind of car you can save on car insurance. Cars with built-in safety features such as anti-lock brakes, side airbags and automatic seat belts cost less to insure. Often stolen cars tend to have higher insurance premiums. You can check the Highway Loss Data Institute theft reports for the car brand you are considering.
If you have chosen a sporty vehicle, make sure your wallet is ready to withstand a higher premium. Prices for high-performance vehicles can be significantly higher. If you have a loan for your car, the lender has a say in what kind of guarantee you have for your vehicle to protect their investments. Be wise and ask your insurance agent how much it would cost to insure the car you buy before you sign the line.
You can lower your monthly car insurance premium if you are willing to live on a higher deductible. If you are a good driver, you should consider it. As your car expires, you may also want to change your insurance coverage to save money. If the actual cash value of your car is very low, you may want to consider waiving comprehensive and crash protection. However, never save on liability insurance regardless of the age or value of your vehicle, because if you cause a serious accident, you could get hooked for hundreds of thousands of dollars.