Comprehensive Car Insurance - How to Get the Best Rate October 1, 2007
Posted by admin in : Car Insurance Articles, Comprehensive Car Insurance , add a commentAuthor: Brian Stevens
Article:
Looking for comprehensive car insurance? Here’s how to get the
best rate with a top company.
Comprehensive Car Insurance
Comprehensive car insurance coverage pays to repair your car
when it’s damaged by anything other than a collision. This
includes damage caused by vandalism, theft, fire, flooding,
hail, or hitting an animal.
To lower your car insurance premium, increase your comprehensive
deductible up to an amount you can afford to pay. Increasing it
from $250 to $1,000 can save you up to 20% on your yearly
premium. This also prevents you from filing too many claims
which can cause your insurer to cancel your policy.
Other Coverages
Bodily injury liability coverage - This coverage is
required in most sates. It covers you if you injure or kill
someone else while driving your car, and pays your legal fees of
they sue you. You should have enough liability coverage to
protect your assets in the event of a lawsuit.
Personal injury protection - This coverage pays you and
your passenger’s medical expenses when you’re involved in an
accident. It also covers you if you’re walking or riding a
bicycle. You may not need this coverage if you have medical
insurance.
Collision coverage - This coverage pays to repair your
car when it’s been damaged in an accident, no matter whose fault
it was, or damaged by an object. To lower your premium, raise
your collision deductible up to an amount you feel comfortable
with. Increasing it from $250 to $1,000 can save you up to 25%.
If you drive an older car you may want to drop this coverage
altogether, especially if your car is worth less than the amount
of your premium plus your deductible.
Uninsured motorist coverage - This coverage pays for
damages to you, your passengers, and your car caused by an
uninsured, underinsured, or hit-and-run driver. Because more
than 15% of the population drives without insurance coverage,
and hit-and-run accidents are on the rise, this is good coverage
to have, even if you live in a no-fault insurance state.
Get the Best Rate on Car Insurance
Getting the best rate on car insurance is simply a matter of
comparing rates from a number of different companies.
Visit http://www.LowerRateQuotes.com or click on the following
link to get cheap car
insurance rate quotes from top-rated companies and see how
much you can save. You can get more insurance tips in their
Articles section.
About the author:
The author, Brian Stevens, is a former insurance agent and
financial consultant who has written extensively on comprehensive car insurance.
