Top 3 Things you should know about cheap car insurance
A basic car insurance provides financial protection against physical damage, personal injury and related liabilities. An additional liability insurance protects third party damages to property or individuals. Car insurance also offers financial protection against theft and damage from non-traffic incidents. There are myriads of insurance companies offering similar insurance products. Since car insurance is an important monthly expense, one is always looking for the best car insurance deals. What are the top 3 things you should know about Cheap Car Insurance. Well, cheap Car Insurance is not to be confused with the quality of insurance but the amount of money paid towards the insurance premium. One should never go in for an insurance that “cuts the corners”.
Top 3 things you should know Cheap Car Insurance – your needs – Car insurance covers the following components –medical payment to the car owner, cover for damages and loss to vehicle and third party damages. To get a cheap car insurance, one should decide the type of coverage required. Most important is to avoid duplicate coverage – e.g. if you already have a health insurance policy then you could opt out of medical coverage. Also, if you have an older vehicle you could opt out of collision insurance. Same way, road side assistance facilities will increase premium cost. Conversely good car maintenance practices and equipment like anti-theft, airbags, antilock brakes etc. get a lower premium cost. Another way to get a better insurance is to stick with the same service provider for all your cars to get multiple car discounts premium. Price comparison with similar insurance providers often gets you adequate knowledge and bargaining power to get the best premiums. A reliable agent from your area could give you useful insights into similar deals and can save you a few bucks
Top 3 things you should know Cheap Car Insurance – give and take – Deductible is a form of fees that a car owner pays to a repair garage and every time a car is repaired a fixed deductible payment occurs. One can opt for a larger deductible than the default amount specified by the insurance company. This will instantly reduce the premium by a good amount. Teenage drivers who have a good academic record get a lower premium. Senior drivers who drive lower distance get hefty discounts. New drivers who take authorized driving courses get lower premiums.
Top 3 things you should know Cheap Car Insurance – your record – Driving history can contribute to a cheaper insurance. If one does not have traffic violations and one does not have a record of severe accidents, there is a much lower premium. Same way credit ratings determine the premium amounts. Where your car is parked and where you live can affect the cost of your insurance. Due to a higher risk rate in theft and accidents, city drivers may incur higher premium charges that small town drivers.
A really cheap car insurance is the one that takes care of your comprehensive needs, adjusts its premiums to basic parameters and offers a flexibility to include coverage whenever needed. Example – if you are traveling to a different country once in a while, you could add a breakdown assistance as a part of your policy while the travel is on, but not have it included all through the year.