You have bought your first car and want to insure it, but don’t know where to start. Almost all car dealers/ companies suggest different policies according the vehicle, sometimes they can refer to an insurance expert, agent or a broker to consult. You find their service at zero or less prices but their advices can be helpful for you. They explain the procedure, special terms, various kinds of insurance coverage, etc. even they can tell you exact premium quotes excluding all available discounts of various car insurance companies.
But if you want to deal everything yourself so you can become familiar with the insurance industry, you should focus your attention on basic points given as below.
What are your needs?
First of all this question should be determined correlating with the money you can afford to insure your new car. You should ask some questions like:
Are you the sole owner/ driver of the car or there are more drivers to ride the vehicle?
What is your average monthly mileage or simply how much car will be driven during the period of a month.
Do you live in a city/ place safe against natural disasters like earthquake, flood, Tsunami, etc.
Do you have safe parking space to park your car. Is it at your home, public place or somewhere else?
What are minimum liability insurance limit in your state?
Did you take loan to buy new car? This question is also important because the company (that provided you loan) also want to secure their money.
How much liability insurance you want to insure for new car?
There are different types of liability insurance coverage. Avoiding liability insurance can hurt your pocket meanwhile does not choosing appropriate protection will leave you with no finance. Therefore you should choose carefully. You should have following liability coverage:
Bodily injury liability: It will cover medical expenses for any injury or death caused by your negligence.
Property damage liability: It will assist you to reimburse loss of property when you are responsible for accident.
Uninsured/ under insured motorist coverage: Remaining in above two can be covered in this criterion.
Personal Injury Protection (PIP): It is similar to bodily injury liability but covers medical and other expenses occurred in an auto accident.
Which is a company offering best insurance premium quote?
Like life insurance auto insurance has cloudy impressions. If you know the way to identify actual value of your car insurance, you can save dollars else you will loss few more bucks to buy a useless insurance. You should collect premium quotes from all major insurance companies. Alternatively you can compare online to know what you will get at what prices?
Sum-up all available discounts you can use
Discounts are the best part of a deal. Every company offers numerous discounts in car insurance premium rates to honor car owner/ driver’s good habits and safe car driving. Mostly you get discount for higher credit score, safe driving course certificates, installation of car safety equipments in vehicle, accumulating all policies.
But if you want to deal everything yourself so you can become familiar with the insurance industry, you should focus your attention on basic points given as below.
What are your needs?
First of all this question should be determined correlating with the money you can afford to insure your new car. You should ask some questions like:
Are you the sole owner/ driver of the car or there are more drivers to ride the vehicle?
What is your average monthly mileage or simply how much car will be driven during the period of a month.
Do you live in a city/ place safe against natural disasters like earthquake, flood, Tsunami, etc.
Do you have safe parking space to park your car. Is it at your home, public place or somewhere else?
What are minimum liability insurance limit in your state?
Did you take loan to buy new car? This question is also important because the company (that provided you loan) also want to secure their money.
How much liability insurance you want to insure for new car?
There are different types of liability insurance coverage. Avoiding liability insurance can hurt your pocket meanwhile does not choosing appropriate protection will leave you with no finance. Therefore you should choose carefully. You should have following liability coverage:
Bodily injury liability: It will cover medical expenses for any injury or death caused by your negligence.
Property damage liability: It will assist you to reimburse loss of property when you are responsible for accident.
Uninsured/ under insured motorist coverage: Remaining in above two can be covered in this criterion.
Personal Injury Protection (PIP): It is similar to bodily injury liability but covers medical and other expenses occurred in an auto accident.
Which is a company offering best insurance premium quote?
Like life insurance auto insurance has cloudy impressions. If you know the way to identify actual value of your car insurance, you can save dollars else you will loss few more bucks to buy a useless insurance. You should collect premium quotes from all major insurance companies. Alternatively you can compare online to know what you will get at what prices?
Sum-up all available discounts you can use
Discounts are the best part of a deal. Every company offers numerous discounts in car insurance premium rates to honor car owner/ driver’s good habits and safe car driving. Mostly you get discount for higher credit score, safe driving course certificates, installation of car safety equipments in vehicle, accumulating all policies.
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