Things to know when shopping for auto insurance
When you want to compare auto insurance, you’ll find that not all insurance companies are the same, nor do they charge the same rates. But, the good news is that you can do all your comparisons online. These are some of the details you’ll want to remember when answering the questions you’ll be asked.
Collision insurance is one type of coverage that has a deductible. This amount can vary from company to company, but most are pretty standard and the higher you set it, the lower your premium. You should have that amount of cash available, in case you have a claim. And your lender will be on the policy as the lien holder.
Comprehensive is another type of coverage with a deductible that you can adjust to lower your premium. And you can choose the amount of payment limits that can make a difference to your monthly rates, too. Again, the link holder will want to know about these changes.
Comprehensive coverage covers such things as damage from a collision with large animals, theft of the car or any of its contents, fire damage or total loss, and certain natural disasters. Please note that there is a deductible that applies to this coverage and you will need to pay it before the insurance company will pay its share.
Liability insurance becomes more complicated, as there are several types of policies for this coverage. Bodily Injury pays for the medical expenses of injured third parties and legal fees if sued. Uninsured motorist bodily injury pays for you and any of your passengers’ medical bills, if you are struck by an uninsured driver or if the driver leaves the scene.
There is also property damage liability that you pay when you damage other people’s property. Things such as fences, your house or any outside buildings, telephone poles, even pavement damage can again pay for repairs. Any kind of damage your car can cause, even if you’re not in it and just roll down a hill, can be grounds for someone to sue you. Liability is coverage you must have, even if you are not required to carry it in the area where you live.
In order to be sufficiently protected with the right types of insurance, you would have to spend a lot of time getting all the necessary details, facts and figures to get them to an appointment with an agent. However, you can get all your answers by using the Internet to compare auto insurance and save time and money.