What You Need To Understand Concerning Car Insurance
2:10 AM
If you are like most people, you probably never learned much about car insurance. When you got your license, most likely Dad and Mom just added you on to their insurance policy. Then when it came time for you to buy your own insurance, you probably used the same company that your parents did. Now that most people have quick access to internet, they are learning that the more they know about automobile insurance, the better coverage they can purchase and the more they can save.
If you choose a policy with a $500 deductible, the cost will be considerably lower. If you think about it, the best thing you can do is take the money you save from the higher deductible, and use it to purchase more liability insurance. This will give you added protection in case you are sued because of an accident. Put the money for the $500 deductible into a special savings account so you will have it whenever you need it.
Some people already have a health insurance policy that will cover them and their family in case of a car accident. If you have a policy like that, consider dropping the personal injury protection on your vehicle insurance. You can save by not paying two times for the same type of coverage.
Most liability insurance policies cover $300,000 for every accident, and $100,000 for each person in the accident. When you think about it, a person can spend $100,000 on medical bills real quick. Have your insurance agent change your policy and make your policy read $300,000 per accident and per person. That will help you if a person is more seriously injured.
Did you know that you can buy an umbrella policy that covers your insurance needs for your car and covers your house, too? These policies usually start at $200 to $300 per year, but they cover up to $1 million. Check into this, especially if you already have insurance on your house. Just using the same company for your car and your house will lower your premiums.
Have you ever considered the importance of having insurance that includes the cost of a rental car in case of an accident? You never know how long it will take to get your car running and back on the road after an accident. You can run up several hundred dollars if you have to rent a car while you wait for your other one to get fixed.
There are many more things you need to learn about car insurance. Search the internet and find out all you can so you will be more knowledgeable when you have to renew your insurance. Then you can be sure you bought the best and cheapest insurance available.
If you choose a policy with a $500 deductible, the cost will be considerably lower. If you think about it, the best thing you can do is take the money you save from the higher deductible, and use it to purchase more liability insurance. This will give you added protection in case you are sued because of an accident. Put the money for the $500 deductible into a special savings account so you will have it whenever you need it.
Some people already have a health insurance policy that will cover them and their family in case of a car accident. If you have a policy like that, consider dropping the personal injury protection on your vehicle insurance. You can save by not paying two times for the same type of coverage.
Most liability insurance policies cover $300,000 for every accident, and $100,000 for each person in the accident. When you think about it, a person can spend $100,000 on medical bills real quick. Have your insurance agent change your policy and make your policy read $300,000 per accident and per person. That will help you if a person is more seriously injured.
Did you know that you can buy an umbrella policy that covers your insurance needs for your car and covers your house, too? These policies usually start at $200 to $300 per year, but they cover up to $1 million. Check into this, especially if you already have insurance on your house. Just using the same company for your car and your house will lower your premiums.
Have you ever considered the importance of having insurance that includes the cost of a rental car in case of an accident? You never know how long it will take to get your car running and back on the road after an accident. You can run up several hundred dollars if you have to rent a car while you wait for your other one to get fixed.
There are many more things you need to learn about car insurance. Search the internet and find out all you can so you will be more knowledgeable when you have to renew your insurance. Then you can be sure you bought the best and cheapest insurance available.
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