Car Insurance

Car Insurance / Sunday, February 26th, 2012

There are many vehicles manufactured and are functioning around the world everyday. Theft and accidents are increased too of course, it’s both a risk for motorists and for pedestrians but more particularly for car owners.

Car insurance rates

Accidents, apart from injury, can damage property and bring about high medicinal expenses too. Reason why insurance is a must for every vehicle owner as is house insurance for house owners and life insurance for every family member and other security fallback such as travel insurance, business insurance even pet insurance.You can always get comprehensive car insurance quotes to give you a security net when the unexpected happens. It saves one time and money as well.

To ensure that you get the best from your car insurance consider these tips before getting one.

1. Compare rates and benefits. This may be time consuming especially if you have to go through hundreds of companies. There are online calculators to help you compare prices, just input the type of car, they year it was made and other details and you’d get a comprehensive list of quotes from different insurance companies.

2. Determine which coverage do you need for your car.

Liability – This coverage pays for accidental physical injury and property damages to others included in an accident.

Comprehensive – This coverage pays for loss or damage to the insured vehicle that doesn’t occur in an auto accident like being destroyed caused by fire, wind, hail, flood, or because of vandalism or being loss for theft.

Collision – Pays for damages to your vehicle when it met a collision with another vehicle or object.

Medical Coverage – Pays for medical expenses regardless of fault during a car accident.

PIP – Personal Injury Protection (PIP) pays medical expenses for the insured driver, regardless of fault, for treatment due to an auto accident.

Rental Reimbursement – Pays for a rental car if your car is damaged due to an auto accident.

Uninsured Motorist – Pays damages when an auto accident is caused by a driver who doesn’t have liability insurance.

Under insured Motorist – Pays your damages when an auto accident is caused by someone who has insufficient liability insurance.

Most insurance companies combine any of these so make sure that you go through your contract policies before availing one.

3.  Set your budget. Know your car’s value and from there know how much you should shed for its insurance.

4. Know of the other insurance you’ve availed of. If your health insurance would pay for medical expenses caused by car accidents you can opt out from availing medical coverage.

5. Drive carefully. An insurance is good to have but being careful is always better whenever you drive.

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