Once you understand the various portions of coverage that are available through an auto insurance policy, it is time to take a look at the price. There are deductibles and premiums that you can incur when getting auto insurance, and also sometimes out of pocket costs you will still have to pay in the event of an accident even after you have insurance.
When considering how much you will be charged for car insurance, there are a few factors that the auto insurance companies take into consideration. The first factor they look at is what kind of vehicle you drive – obviously, sports cars run higher with insurance than family sedans, and there are other cars that are known to have higher theft rates. Another factor is where you live – if it is an area that is more urban or that has higher vandalism rates, your insurance will be higher. Those who have longer commutes or who drive often have higher insurance, and also your own demographic statistics – such as your age, sex, marital status, and driving record – are all taken into consideration.
There are some ways to get yourself lower rates. If you are purchasing a new car, try getting one that “looks good” to the insurance companies – that is, it has a lower theft rate and is also not prone to problems. Also, see what incentives your insurance company has to offer – many will have good student discounts for high school and college kids, or discounts if you are insuring more than one car or if you have an accident-free driving record. Consider ways that you can cut down on your driving if the commute to your job is a factor in higher insurance rates – possibly taking public transportation or setting up a carpool. The foremost way to insure better insurance rates, though, is to drive carefully!
Besides checking what your payments are going to be for a new auto insurance policy, make sure to check out the deductible as well. Deductibles can vary by state and also by the size of the accident. For example, if you are in an accident and there is $2,000 worth of damage, you may be expected to pay $500 and the insurance company will take care for the rest. Choosing your deductible is an important task, as you have to consider how much you would be willing to pay in the event of an accident.
As long as you have a clear idea of what you are willing to pay and what the insurance company is looking for in you and your driving record, you will be well on your way to getting excellent auto insurance at a reasonable price.Continue Reading
Florida is number one when it comes to fraud claims. Miami has always been a hot bed for years but Tampa and then Orlando are trying to catch up. I mean they just changed the name of the Ford Ampitheater to 1-800-ASK-GARY.
It is important if you are in Florida right now to keep your insurance in place even in situations were you don’t have a car. If you are in an accident, take pictures, write down names and numbers of any witnesses. If it happens on private property the police will not show up to do a report. More information on the Blomberg report.
Don Westerfeld 8/24/2010 9:24:00 PM