Ten Tips On Best Car Insurance

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Best Car Insurance
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Ten Tips On Best Car Insurance With the high
cost of gasoline nowadays, most new drivers think
twice of getting car insurance. Driving without
any car insurance is a very big risk. Most
drivers might think that car insurance is way too
expensive, but in the long run it may save you a
lot of money. Take for instance this example,
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if you are in a car accident it may cost you
thrice the amount you might have paid for a car
insurance to cover for hospitalization and for
buying yet another car. Plus without best car
insurance you will be paying police fines as well
as paying for suspended licenses. A total of 47
states require some kind of insurance for your
car. It would be wise to know the basic law
covering car insurance. Here are ten tips you can
refer to on how you can get the best deal on car
insurance.
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Know the different types of car insurance policy
the first thing to know in buying car insurance
is to understand the different policies they
offer. Choose a policy or policies that would
best suit your needs. Liability This policy
covers physical injuries and damages to property.
This includes paying for hospitalization and
other medical expenses. Damage to property
includes vehicles and other tangible property
that might have been damaged during the accident.
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Liability also includes expenses for court
proceedings if the vehicular accident requires
one. Collision This policy covers any damages
if your vehicle is crashed to another vehicle,
lamp posts, house or any another objects.
Comprehensive This policy covers damages
caused by natural disaster like flood, storm,
hail or wind. This also includes damages by theft
or vandalism. Medical Coverage Medical
expenses are covered by this policy not
considering if the cause is a vehicular accident
or not.
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Personal Injury Protection (PIP) A personal
insurance of the driver. This policy covers for
medical expenses and treatment caused by an auto
incident. Uninsured Motorist If by chance you
are hit by an uninsured driver, this policy
covers the damages done to your vehicle.
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Underinsured Motorist This policy will cover
the remaining cost for repairing your damaged car
if ever the incident is caused by an insured
driver with inadequate liability
insurance. Rental Reimbursement In case of a
damaged car due to a vehicular accident, this
policy will give a daily allowance for rental fee.
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2. Know your credit rating In most states,
credit rating has always been the number one
factor affecting car insurance rates. Be sure you
have a copy of your credit report and check its
accuracy and immediately contest any erroneous
information. 3. Motor Vehicle Report (MVR) you
can get a copy of your Motor Vehicle Report in
your respective Department of Driver Services or
Department of Public Safety in your state. A
three year record may cost you 5 and a seven
year record would cost you 7. Like credit
reports, verify that all information are correct.
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4. Accident Reports you can get a copy of your
Motor Vehicle Accident Report from the local
police department. It may take around six weeks
before you can receive the detailed report. You
might need to pay a higher car insurance rate if
you have reported accidents within the last
eighteen months. 5. Scout for a good insurance
package there are some insurance companies that
are offering multi-vehicle discounts. You would
get a lower rate if you have two or more vehicles
that you want to get insured. Also, you can get a
good deal from one company that packages all
their insurance policies, including home and
health insurance.
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6. Check out various discounts most insurance
company offers a discount to drivers over 55
years of age. It always pays to be a good
student you can get a student discount if you
have a3.0 point average or higher. 7. Obtain a
Driving Safety Certificate It is common for car
insurance companies to give certain discounts to
those who finish a safety driving course with a
very good standing.
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8. Check the model of your best car Insurance
rates can be different from vehicle to vehicle. A
fancy car will obviously have a higher rate than
an older model. 9. Take advantage of added
features be sure you are receiving lower rates
for safety and security features like antilock
brakes and air bags.
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10. How much are you willing to pay best car
insurance choose the option where you can handle
the down payment and the monthly paying scheme.
Compare other insurances prices before
purchasing one. Source http//planet.infowars.co
m/business/ten-tips-on-car-insurance
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