Auto Insurance Discounts To Ask For

There are numerous auto insurance discounts to ask for, below is a list of the most common discounts that are offered by most insurance companies. Note that you need to actively ask the insurer if there’s any discount that can apply to you, or better off, ask them for a list of all their discounts.

Here’s a list of items that may qualify you for a discount (The discounts listed may not be available in all states or from all insurance companies): Continue reading

What Is Gap Insurance For A Car

So what is gap insurance for a car? GAP stands for Guaranteed Auto Protection. Gap insurance is relevant when you lease a car or buy a car with a loan, what happens in this situation is that in case of an accident your run of the mill insurance will cover only the cash value of the car but not the balance you still own on the car. Gap insurance is intended to extend you coverage so that it will cover both the car and the balance of your loan. Now the big question is whether it worth it, well, that is up to you if you want to be fully covered or to take the risk of not being fully compensated. What I can advise you is not to be tempted to purchase this at the car dealer but rather at an insurance company as the price you will be required to pay at the  dealer will be in most cases higher. Now see below for a strategy that will allow you to obtain the best vehicle insurance rate. Continue reading

What Is A Deductible For Car Insurance

So what is a deductible for car insurance? simply put, a deductible is the sum of money you have to pay out of pocket in case of an insurance covered event. Let’s say you have an insurance covered accident that caused a damage of $5000 to your car, and your deductable is $500, the insurance company will pay you just $4500 for the damage, you get the worth of the damage minus the deductable. In case your car needs repairs as a result of an accident, you will pay the deductible sum of $500 while the insurer will cover the rest of the payment toward the repair. Continue reading

How Much Should I Be Paying For Car Insurance

you may ask yourself: how much should I be paying for car insurance? and the obvious answer is “as little as possible!” Ok, I know that’s not the answer you need, however it is impossible to give you a definite answer as the amount of payment depends on a variety of factors that are specific to the model, make and year of your car as well as to your specific personal details. Now having said that there is still a way you can figure out how to pay the lowest premium possible for auto insurance, simply follow the strategy below. Continue reading

How Much Is Liability Insurance For A Car

So you are asking how much is liability insurance for a car. Now, while a comprehensive insurance policy protects you from most of the losses incurred in an accident, liability insurance only covers a partial of your potential losses, it only protects you from claims that come from third parties that sue you for their damages. Now it is almost impossible to give you a general estimate as to the premium for a liability coverage, this depends on too many variables such as the make, model and year of your car, your location, your personal status and so on. the best way to get an estimate is simply to approach insurers and ask for quotes, see below on how to do this effectively. Continue reading

The Best Insurance Companies For Auto

So who are the best insurance companies for auto? This is a tricky question as there is a bunch of vehicle insurers that are all good and reputable, here’s just a partial list: Progressive, State Farm, Geico, Allstate, Liberty Mutual, The Hartford, Nationwide. Now the more important question is which of those quality companies will provide you with the cheapest rate. You may be surprised to hear that there is not one company that is cheaper than the others, no sir, it all depends on your location and personal specific situation. So how can you get a low priced premium from a good company? see the strategy below! Continue reading

How To Shop For Car Insurance To Get The Best Rate

The number one mistake made by folks who are looking to shop for car insurance is approaching only the companies that are most heavily advertised. The first insurance company that comes to mind is not necessarily the one that will offer you the best rate.

The single most critical factor in getting a low cost driver insurers rate is shopping around for as many quotes as you can. Why? because different insurance companies charge different rates for the same coverage. In addition, insurer’s’ competitiveness differ tremendously by customer location. Continue reading