FAQ on buying insurance for your car
- Author Marcus Stalder
- Published June 24, 2010
- Word count 538
Starting with excessive rates to buying a separate policy for your teen driver, dealing with auto coverage is often confusing, complicated and it also involves a lot of money to be spent. Still, you can't go around it, as it a legal requirement in most states and a helpful tool to give you a peace of mind when dealing with traffic accidents. Sure, it may seem like a dirty job and you don't want to waste your time on it. But what if there's an easier way to get your auto insured without all the hassle you fear of dealing with? If you are interested, read the frequently asked questions below as answered by insurance experts, who know how to get the right policy no matter what's your situation.
Q: Am I obliged to carry insurance coverage when driving my car?
A: Nearly all states have it as a legal requirement for drivers to carry liability auto coverage as a guarantee that the damages you deliver in a car accidents are paid for. Each state has a minimum amount of liability coverage that a driver must carry with his policy. And even the states that don't have vehicle insurance as a legal requirement oblige the driver to show proof that he has enough financial resources to pay for the caused damage. Any other types of insurance coverage, outside liability coverage are purely optional and can be purchased with respect to your personal insurance needs.
Q: Is insurance required before buying a new vehicle?
A: If that's your first vehicle, you will be required to have insurance coverage before even taking it from the dealer. Moreover, if you're using an auto loan to finance the purchase, you may be required to buy additional types of coverage besides liability. If you already have a car and are changing it to a new one or buying an additional vehicle, you have 14-30 days to report the changes to your insurance company.
Q: How can I get cheap car insurance?
A: Compare insurance quotes in order to see what other providers are offering, and if it turns out that you're overpaying – switch the provider. If your current rates are quite competitive, compared to other companies, see if you're taking advantage of all the discounts you can opt for.
When looking for a new car, always make sure that the make and model you are interested in provides cheap car insurance options. Some cars are a lot cheaper to insure than the others, ask your insurance agent to learn what cars are the most cost-effective from the insurance perspective.
Another way to get cheap car insurance, although a bit risky one, is to increase your deductibles. By raising the amount of out-of-pocket expenses you can afford before the policy kicks in you get lower premiums. And if you're driving an older vehicle that has a low market value, you may want to drop collision and comprehensive coverage as it takes depreciation of the car value into account.
You can also adjust the amounts of coverage your policy carries, although experts do not recommend decreasing them to the level of state minimums as it is usually not enough to pay for a serious accident.
To learn what Marcus Stalder has to say about other things and look on the things from his point of view, visit [http://www.car-insurance-4u.com/articles/faq.html](http://www.car-insurance-4u.com/articles/faq.html) where he frequently writes on many different subjects that you will find fascinating.
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Investigating the Role of Government in Addressing Crash for Cash Insurance Fraud: Future Recommendations and Studies
- The Importance of MOT and Road Tax Disc in Vehicle Maintenance: Future Studies and Recommendations
- Unlocking Affordable Protection: Unveiling the Cheapest Auto Insurance Quotes in Laredo, TX
- Benefits Of Rent Guarantee Insurance
- Driving Safety Tips and Advanced Protection with Car Insurance
- The Best Motorcycle Insurance Forum USA 2021
- Auto insurance - Things Every Canadian Should Know!
- 5 Things to Know Before Choosing Car Insurance
- What the Hail is going on with Colorado Storms?
- Get The Best Home Insurance Leads From 50 States Insurance Leads
- Why Auto Insurance Providers Care About Your Past Claims
- Insurance, Blockchain & Oracles
- A Brief Guide to Cyber Liability Insurance
- Smart Questions for Your Insurance Broker, Perth Business Owners Should Ask
- All You Should Know About Product Liability Insurance
- Tips to Make Your Business Insurance Renewal Easier
- Brand Brand Nomberg & Rosenbaum, LLP; NYC Auto Accident Attorneys
- When and How to Go From Part Time to Full Time in the Motor Trade?
- What you need to know about Auto Insurance
- Proving a Defect Car Part Was Responsible for Your Car Accident
- Whose Insurance Pays for an Accident in a Rental Car?
- Loya's Auto Insurance Place
- Ocean Harbor Casualty Insurance Company
- Almost 140 year old Central Insurance Company
- Good2Go Auto Insurance Atlanta
- Independent Car Insurance Estimator
- Car Insurance Estimator Guide
- Citizens Insurance Michigan
- How to Get Accurate Car Insurance Estimate Online
- Understanding the basics and simple methodology of Auto Insurance