Car Insurance Savings -- Commonsense Can Save You A Lot

Who says commonsense won't save you so much in car insurance? You might be surprised at how much you can save by just using your good sense of judgment. Let's make things clearer with a couple of examples...

1) If you think about your car insurance premium before buying a car you'll save a lot of money. It's no secret that certain cars are very expensive to insure. But at the same time, you can get a comparable car that will cost you far less if you ask the right person.

2) Thinking through what you get as insurance coverage will also lower your insurance rates a great deal. Depending on how much you bought your car, certain policies or coverages will certainly be worthless. For example, if you bought your car for $15,000, is having a $25,000 collision policy going to be worthwhile? Moreover, since you know that the value will depreciate over time (And this is without subtracting the deductible you'd pay if you make a claim) does it make sense spending so much in premium that won't benefit you in any event?.

These two examples do not suggest that you should not get expensive cars or have extensive coverage. They only underline how much you can save yourself by simply making use of your good sense of judgment.

What makes sense in one situation will be totally unwise in another. That is why you are the only one who is most equipped to make decisions as to what you think you need and what you don't.

Back to making huge savings, I'll round off with something else: Even if you choose options that will mean you spend more, you can still make savings if you understand the fundamentals of realizing huge savings in car insurance.

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Car Insurance For A Teenager In A Single Parent Home

Those turbulent teen years: They are still kids in adults' bodies. Because they now require a number of things that adults enjoy (like driving), they need at least the minimum car insurance cover required by law.

I know you know that teenagers probably account for more crashes than all other age groups combined. I also realize that you know that this means very high premiums. As if you didn't have enough challenges. But the law is the law and you'll do well to get your teen covered.

A question arises: Shouldn't my ex-spouse be the one to bear the burden? It depends. It depends on your insurance company's policies. You'll do well to check with yours as they have different positions...

Some may maintain that whoever has custody of the teen driver is responsible for his/her auto insurance. Others may have a policy that puts that responsibility on the parent that has more custody of the teen driver. Some yet will expect both parents to have their teen driver on their car insurance policy irrespective of who has custody of the child.

Different positions but the summary remains that somehow someone has to bear the responsibility of providing this all-important cover. If you withhold information regarding the fact that you have a teen driver, your insurance company may be empowered by law to cancel your insurance policy. Therefore, if you are in doubt, ask your insurance company.

Since adding just one teen driver could add as much as 50-100% to your car insurance premium, it's important that you learn how to make the most savings possible. Different insurance companies have different policies. They have different parameters for calculating your car insurance rates. Therefore, take the time out to understand this process. That way, you'll be able to take advantage of all the concessions possible.

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Car Insurance Shopping on the Internet Takes Patience

It pays to shop around a bit when you are seeking to buy auto insurance, as quotes can vary considerably from one company to another. This certainly applies if you are seeking estimates on the Internet, as surveys have shown that the price quotes offered by various companies on the Web can vary by up to eighty percent. No one wants to pay more money than they have to for auto protection, so it makes sense to take some time to attempt to find the best deal for your auto.

Below are some suggestions that could make it easier for you to look for vehicle coverage on the Internet:

Don't take for granted that the quotes are necessarily accurate. You should confirm the estimate with a telephone call. For various reasons, a lot of online estimates are simply not accurate. You may discover that the price quotes offered vary from the amount you will actually pay if you contact an agent.

Make sure that you are comparing apples to apples - Estimates could vary from Website to Website because the parameters of your search could be different. Be certain when you submit the online forms that you are seeking quotes for exactly the same coverage. Quotes that vary significantly do not necessarily mean that one company is less expensive; it may mean that you were not careful to compare the same two types of coverage. If one company offers a quote for comprehensive coverage while another is returning a price quote for liability only, the results will vary quite a bit.

Check out a minimum of ten different sites. You can review the two or three companies that offered the lowest prices for further comparisons. Estimates can vary so dramatically from one company to another that it really is worthwhile to check with many different companies. The more knowledge you have, the more informed your decision will be.

Be suspicious of quotes that are way out of line with the others, especially if they are overly low. You should follow up any online estimate that interests you with a telephone call. The low quote might be a result of an error on the part of the Website or an error on your part. Most price quotes should fall within a realistic range; if one estimate is only one third of the others, you're almost certainly seeing a mistake.

Take care to do it right, as some diligence when looking for insurance might save you a lot of cash. Shopping for auto coverage is like shopping for any other commodity; it takes a while to find the best value.

Article Source: http://www.insurancearticle.com