Even though you may want to drive around in a tricked-out red sports car, the truth of the matter is that some car insurance companies charge more money for the type of car you drive. The nicer, newer, faster and certain-colored cars can cost you more in the long run because the insurance company understands that the cost of fixing a damaged car like this would be more costly.
Before buying a car or purchasing a policy, make sure to call around and see which insurance company offers you the most cost-effective coverage for the car you see yourself cruising to the beach in.
Believe it or not, who you are actually affects how much your premium is when it comes to purchasing car insurance. Men under the age of 25 usually pay the highest when it comes to car insurance. Young men are charged higher than women of the same age for car insurance, and how many prior accidents you have definitely factor into how much you're paying.
Also, whether you know it or not, where you live says a lot about your car insurance quotes as well! If you live in a city, chances are you'll be paying higher than if you lived in the suburbs ”” it's all about that zip code, baby.
3. Discounts Available for Those With Good Driving Records
Know of your driving record! Check to see if you have any unpaid parking or speeding tickets before getting a quote from an insurance company. Many places offer incentives to drivers who have never been in an accident or have had a great driver record for the past year. Either way, it never hurts to ask the insurance company you're looking at if it offers cash back to safe drivers like you!
4. Make Sure You Know What You're Being Covered For
Car insurance can be tricky! Often times insurance agents throw out policy add-ons that sound like they're speaking a different language, but fear not! Before purchasing a policy, make sure you're given easy-to-understand terms for what you're being covered for.
-Are you covered for acts of nature (a tree falling on your car, etc.).
-Are you covered if the person who hits you does not have insurance?
-Are you covered if someone else is borrowing your car?
-What is your premium if you do get into an accident?
Although it can seem overwhelming, knowledge is power especially when it comes to car insurance. Knowing what you're covered for and what you're not will give you a great idea of which insurance company and policy price is right for you.
So you've been in a wreck and have no idea what to do? Fear not, that is why you read articles like this. After getting into an accident the first thing you should do is make sure everyone is ok! After that, call the police if they need to be involved or if there is a dispute about who caused the accident.
Then, call your insurance provider (if you have one!) and file a collision claim. After that, take photos of the damage and write down the insurance and personal information of the person you were involved in the accident with. Jot down the other car's make, model, color and license plate number, that way if you have any discrepancies when it comes to filing your claim, you have all the information right in front of you!
Some insurance companies have specific people who are in charge of your policy while others offer 24/7 claim services. Check out what insurance companies offer the type of customer service you need so accidents are never more of a headache than they already are.
It can be overwhelming as heck to decide which policy and which insurance company is right for you. It is like dating in the sense that sometimes it is awesome and other times you wonder why you ever bothered. However, by doing your homework and checking out sites like Progressive.com, you're able to compare rates of competitors to see who is giving you the best deal.
In addition to using one site like Progressive, call around to insurance companies that are well-known and publicly trusted to see who can give you the best deal. Be sure to research your insurance company on the Better Business Bureau to make sure you're signing with coverage you can trust.
7. If You Move, Make Sure You Know Your Policy Changes
Remember: zip code is everything! If you're planning on moving, make sure you call your insurance agent to see how your coverage and rate may change with the change of scenery. You may find your rate go down or up, or perhaps you will need to change your coverage to fit your budget. However, this is a vital step in every move because sometimes insurance companies do not cover accidents if you're involved in one and still have your previous state's insurance policy.
Uh oh! Don't be one of those people who gets into an accident with no insurance. Or, actually, just don't be one of those people who didn't have it. The fines for being caught driving without insurance vary state to state, but could cost you upwards of $5,000 dollars or even jail time.
Think of all the things you could do with that $5,000, like take a vacation or go out to a really really nice dinner (or 2 or 3), instead of spending it on legal fees. Plus, if we had a quarter for every time we heard a horror story of someone getting into an accident without insurance then we wouldn't need jobs.
In December of 2014, Jessica Lenora Wilder was involved in a fatal car accident that resulted in the death of a pedestrian. On top of being charged with failure to maintain lane and second-degree vehicular homicide, Wilder was charged with driving without insurance.
Depending on which state the accident took place in, that charge could result in a hefty fine and/or jail time. Don't put yourself in that position. Accidents are traumatic whether they include fatalities or not””you don't want the extra headache of a charge against you for being uninsured.
This is somewhat of a rare and interesting case. Danny Kelly was involved in an accident in 2005. He was covered by insurance at the time, but that didn't seem to assuage his problems. Though he spoke to his insurance company about the accident, Kelly wasn't made aware that the attorney for the accident filed a lawsuit against Kelly and his insurance company.
He ended up being forced to file a lawsuit of his own so as not to pay the exorbitant $175,000 judgment he was hit with. While insurance companies have your best interest at heart, it's imperative that you take the initiative to talk to them after you file the claim and make sure you are made aware of the details of the situation.
Rusty was involved in an accident and it became clear that neither he nor the driver of the car he rear-ended had insurance. In a case like that, the drivers are left up to their own devices. The driver of the rear-ended car wanted Rusty to pay a lump sum that would cover the cost of the damages, but he couldn't afford it.
In those types of cases, it's hard to tell if someone is giving you an honest cost estimate. Aside from asking family and friends for assistance or a loan, Rusty was out of options. It's so important to make sure you have insurance not only because in many places it's required, but also because that monthly cost will help you save much more in the long run.
John Schmoll may not have ever been in any automobile accidents, but his mother-in-law sure has! According to Schmoll, it took her having three accidents before he truly began to see the benefits of having insurance. Each time, someone backed into his mother-in-law's car. She was fine, but still had hassles to go through.
Each of her cars she had only had for a few months, then needed to have a rental car for months at a time while her car was being repaired. Each time, however, her insurance company came through and provided her with a rental car while her's was in the shop. The insurance companies were so helpful to her, John Schmoll decided to finally bite the bullet and get car insurance. Yay for happy endings!
Kathy, 20, from Richmond, Virginia shared her story after being in a car accident. After being struck by another vehicle, Kathy was pinned to a light pole and suffered injuries to her neck. After discovering that the man who had hit her did not have car insurance she was left wondering where to file her claim. Instead of being at ease after a traumatic event like a car accident, Kathy found herself paying $800 out of pocket for her medical bills.
Not having car insurance and being a driver seems like trying to take a calculus test without a calculator. The truth of the matter is, buying car insurance not only makes you a safer driver, but you're being incredible courteous to others on the road. Not only are you protecting your own money, vehicle and livelihood by purchasing insurance, you're making sure that other drivers on the road are protected from you as well.
We all understand that cars are a luxury, one that at times can be dangerous or even deadly. Driving without car insurance is just upping the risk you have of damaging someone's car (or them) and not being able to afford the consequences.
Above all, information is the key to switching car insurance providers. Whether you think you have the best competitive rate in town or not, it never hurts to ask competitors about their quotes and see if you're eligible for discounts.
The wonderful Kelley Blue Book should be able to give you an idea of where to get started. It will inform you of how much your car is currently worth on the market and will give you a better understanding of where your car insurance price quote will come from. After knowing what your car is worth you'll be better able to determine which type of coverage you're shopping for and get the insurance policy that is perfect for you and your vehicle!