It's right there in your hands, the way you want to handle your car insurance. Important and compulsory by the law, going in for the perfect and hassle free car insurance quote can be a real pain in the neck. Don't rush to it, instead take your time and make a bit research to find out the most appealing and "value for money" car insurance quote.
Let's answer a few important questions to get this point straight.
Why is car insurance important?
The answer is pretty simple. Car insurance is essential by the law as it protects the policyholder against the financial losses incurred during traffic accidents.
Insurance can cover the insured party, the insured vehicle or 3rd parties, or a combination of all 3, and/or vehicles can be insured against theft, fire damage, or accident damage independently.
What are the consequences of not buying car insurance?
Insurance of your vehicle is mandatory by law across the US. Penalties for not buying auto insurance vary in the U.S. according to the state.
They usually involve a fine, suspension or revocation of the offender's license and/or registration, and possible jail time. The law in most states requires 3rd party insurance at the very least, to protect other drivers in the event of an accident.
How to decide on the car insurance and the coverage?
In every state you have to have at least liability coverage. But, you need to decide if you would like to add these additional car insurance coverage's i.e. Comprehensive or Collision. Comprehensive Insurance Coverage is insurance coverage that helps pay for losses to an insured car due to fire, theft, or other losses that are not the result of a collision as stated in the insured's policy.
Whereas the Collision insurance or Accident Insurance Coverage is coverage that pays to repair or replace your car after a car accident or collision.
Choosing the right insurance quote?
There is a magnitude of companies which deal in car insurance. Before short listing one to make a call find out about the financial strength of the company and the time they take to complete the claim. Know about the discounts which you can avail and the details which are required (like make of your car, minimum liability, your credit score, driving license details etc.) for getting the quote.
The discounts are also dependent on the factors like the year and make of the car and on features like Anti-theft Devices, Airbags, Anti-Lock Brakes, Automatic Seat Belts, Window Etching, Multiple Car Discount, Multiple Policy Discount etc. Also check with the insurance for the recommended coverage's which may vary according to the state.
After studying all the factors and short listing the insurance company its time to contact the insurance agent and get the quote. It is beneficial if you get a comparative quote to understand the difference different companies offer so that you can choose the right one. And it is always better to get multiple insurance quotes so that you can choose the best one for you.
