As the cost of running a car continues to rise, most car owners are looking for methods to reduce the amount they pay on general auto insurance each year. The range of policy types is huge but the majority of drivers will choose one purely based on cost. Auto insurance policies range over a whole spectrum of coverage, including:Under insured motorist coverage
Medical payments coverage
Theft of personal possessions
There was a time when obtaining insurance quotes could be difficult and incredibly time consuming. Many web sites have been set up to give car insurance premium comparisons including all the pertinent features of the policy.
The calculation on how much each individual will pay for their premium is complex but the main points are listed below:
The city you live in
Cost of repairs, replacement parts, and labor
The power to weight ratio
Most reputable companies will allow the premium to be paid in even amounts every month. If you can swing it though they usually offer a discount to pay the policy in whole or half year amounts.
Sports cars and other high risk vehicles normally need a comprehensive policy but these can be expensive so looking at a more basic insurance policy might be worth while. Comprehensive insurance does have its benefits though, in particular when it comes to paying for medical treatment or time lost from work even if the policy holder was to blame for the accident.
When your old general auto insurance policy is about to expire is the best time to consider changing insurers but the time to get a free insurance quote from a new company is well before your current policy finishes. It is also worthwhile to check if combining your car and homeowner's polices will qualify for a multi policy discount with your current company.
Often just a few simple pieces of advice like this can help the seasoned driver as well as the novice driver save some time and money when looking into changing their general auto insurance. Go Save!
Please check out my other guide on Auto Liability Insurance.
I too carry a basic auto insurance. Last week my car hit to a pole and when I asked for claim my agent said its not covered under my policy so I will not get anything. I was so surprised that having an insurance policy didn't helped me at that time. Can you please explain the coverage areas that fall under this policy ?
ReplyDeleteI too carry a basic auto insurance. Last week my car hit to a pole and when I asked for claim my agent said its not covered under my policy so I will not get anything. I was so surprised that having an insurance policy didn't helped me at that time. Can you please explain the coverage areas that fall under this policy ?
ReplyDelete