Car Insurance: Useful Tips

The first thing you need to know regarding the car insurance policy is the

fact that these policies come in a wide variety, because they address

multiple needs drivers might have. Even though you will get one single car

insurance policy it is very useful to know if it covers injury and death claims

against you and the legal costs if your car injures or even kills someone. Or,

it may cover claims for property that may be damaged by your car.

Your car insurance policy may cover any medical expenses done for your

injuries or the injuries caused to the other car passengers that were near

you. Car insurance policies may also cover for any injuries caused to you or

the other occupants of the car by uninsured drivers or hit-and-run drivers.

It is even possible to get “under insured” coverage to cover claims you may

make against a driver that has inadequate insurance.

Collision coverage is taking care of the damage done to your car.

Comprehensive insurance covers damage done to the car by theft,

vandalism, fire and flood.

The amount of the premium depends on the type of car you are driving. If

you have a sports car or a SUV, the car insurer will demand a larger amount

of money to protect it. The company considers the costs it should be paying

if the car is stolen or totally damaged in a car accident. The repairing costs

are also important and they impact the final insurance cost.

Specialists state that there are some car types that are more involved in

accidents compared to others. In fact, information on this topic may be

found on independent websites. According to some of them, 2 and 4 doors

cars have the most injury claims.

Small cars and sports cars are among the highest in collision costs. If you

still want to insure a sports car, expect to pay two or even three times more

compared to the price paid to insure a common car. Some car types seem to

be preferred by the thieves. Statistics say that Cadillac Escalade or Nissan

Maxima sedan are the most wanted by thieves cars.

Not only has the car type influenced the premium but also your age, gender

and driving record. Men younger than 25 and who are not married pay the

largest amounts. Statistics say they are involved in car accidents more than

any other age category. So they will be asked to pay more than women of

the same age. Men that are married pay less than single ones because

statistically they get involved in fewer accidents.

In the same time, if you have not a clean driving record, if you have been

involved in other car accidents, have violated traffic rules, you will be asked

to pay a larger premium for the car you want to insure. The place where you

live has also a big influence: urban areas, very populated, with heavier

traffic will mean increased insurance rates compared to areas which are less

populated.

Some people end up paying more insurance than necessary. It is very

dangerous to drive your car being under insured but it is completely

unnecessary to drive the car over insured. So, in order to pay the minimum

necessary rate, talk to your insurance broker and decide with him the

proper rate.

The specialists often recommend paying more than the minimum required

by the law. 10.000 USD for property damage will not be enough if you

happen to hit a 100.000 USD car. As I have said before, talking to a car

insurance broker may show to be very useful.

Statistics say that prices may vary a lot and it could happen that people pay

different prices for the same policy. The car insurance broker is the perfect

person to help you get the reliable insurer that will ask you a correct

amount of money to insure your car.

If you do not have a car yet and you intend to get one, buy one that is

entitled to get substantial discounts. The car insurance broker will be able

to give you this information, helping you to decide money wise. Once you

get your car, remember that car insurance companies will offer discounts to

drivers that drive limited miles per year. So, it would be wise to estimate

this number and tell it to the company.

Before you sign the policy, try to find out if there are any other discounts

you can benefit from. There are substantial discounts given to drivers that

install safety devices on their cars. You can buy anti theft alarms or any

other systems that will protect the car. You will also get a special price if

you decide to insure the home, your health and your car with the same

insurer.

If you have attended safety driving classes and you have a certificate, take it

with you and show it to the company’s representative. In case that your

home is in Europe, the Asigurare RCA website has more free information

and tips that will help you lower the price of the premiums.

The majority of drivers simply renew their car insurance policy when the

time comes. A method of cutting down the prices is to shop around and not

just renew automatically. The prices on this market are fluctuating and it is

very possible to find a better offer that suits your needs and requirements.

If you try to be a correct driver, paying attention to all the rules and

regulations that will be highly regarded by the car insurer.

You will definitely get a discount if your driving record is a clean one. This

way you will prove the insurer you are associated to smaller driving risks.

Your credit ranking is also of big importance as many car insurers will ask

of it and calculate the premium accordingly.