In a number of states, you're required to carry liability insurance if you are the driver of a car. The law requires you to be pro-active in knowing if you've got the required minimum insurance coverage for the state in which you reside. You are breaking the law if you drive uninsured.
Your chosen vehicle will strongly affect the size of your monthly insurance payment. If you want a top of the line, luxurious vehicle, your insurance will be higher. If you want to save as many dollars as you can, drive something modest, yet safe.
You must have the state legal minimums; however, there are many optional protections that are available. While these extra features will cost more, they may be worth it. If you get in a hit-and-run accident or one where the other party has no insurance, you will be out of luck unless you have uninsured motorist coverage.
Carpooling or taking public transit can save you money on your auto insurance. Insurance companies like when their policy holders show responsibility, keeping your mileage low is something they really appreciate. Tell your insurance agent if you have been carpooling and using public transportation. They may be able to find you a discount based upon this information you provide.
If you are seeking to purchase auto insurance, make sure you shop around for premium quotes from various insurance carriers. It may surprise you just how much insurance rates can differ from one insurance company to the next. By checking insurance rates yearly, you can be sure you're paying as little as possible for your insurance. When you are reviewing the quotes, look to see that the amount of coverage is comparable on each of them.
Instead of spreading out your car insurance payments, pay it yearly or every six months. Your insurance company could be adding an additional three to five dollars to your bill. These fees can add up over the year. Adding another bill to your monthly pile can also turn into a nuisance. If you cannot pay annual payments, you can look into semi-annual payments to keep down the costs.
It's imperative that you obtain property damage liability when you purchase vehicle insurance. This type of insurance covers any property damage your car does during an accident. In most of the United States, property damage liability is required by law. However, in the event of an accident occurring, property damage liability could prevent you from having a very large bill.
Car insurance can save your life in the event of an accident. The right coverage will make all the difference during what can be a disastrous and definitely stressful event. Use the tips you just read to obtain proper insurance coverage.
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