10 Things You Should Know Before You Buy Auto Insurance
1. How does your insurance rate determined?
Two factors determine what you will pay for your car insurance. the
first factor taken into account is the subscription and the second rate. the
subscription insurers use to measure the risk associated with the
applicant or the applicant pool to which it belongs. Based on the results
that yields the subscription process, the fee is ensured by imposing a price
based insurer understands what it will cost to take responsibility
economic for any potential claim asylum policy.
2. Know that several factors affect the taxation rate risk:
His previous experience as a driver, your area, gender and age,
civil (whether married or unmarried) above insurance coverage, use your vehicle brand
and model of car, are factors that commonly affect the price
will pay for your car insurance.
3. Ask your agent about discounts apply:
The insurer gives some discounts if you considered “better
risk “. Some of the discounts are applicable if say
several vehicles, if you have taken driver education courses if
is a good student, if the car has any safety equipment or
theft if, as insured, your mileage is low, has good record of renewal,
or if you have insurance auto / property and dividends combination. Not all
jurisdictions offer discount so you will need to consult your
agent if any of the above may be available.
4. Know what the legal system applicable (liability for damages) or
(a “no fault”):
Each state implements a legal system of liability for damage or “no
fault “per incident. This system will determine the type of insurance that will
available to you. Under the system of liability for damages, there are three
types of insurance coverage available: liability for bodily injury,
liability for damage to property and covered by motorist
insured. In jurisdictions with a system of “no fault” by
incident insurance covers available will vary, but the insurer
pay directly for your losses or injury suffered by
incident, regardless of who was at fault for the same. Check with your Department or Office of the Commissioner of Insurance any doubt Local
As for the system applicable law.
5. Consultation Optional cover
The most common insurance covers, in addition to the supply of responsibility
Basic is the collision or comprehensive. The collision pays for physical damage
your vehicle suffered by the impact to an object such as a tree or other
car. This type of cover is relatively costly and is not required by law.
Comprehensive coverage, meanwhile, pays for damage to your car suffered
any other cause, including fire, vandalism, theft conditions
severe weather or flooding. This type of cover also includes
glass or broken glass in the car. Comprehensive coverage is less expensive than
the collision, but is also optional. Other optional covered include,
medical expenses, reimbursement for car rental, towing services or mechanical.
6. Where to get additional information
Consumers have access to information from a number of sources
Candid. These include, libraries, offices or departments
State Insurance Commissioner, the Internet and groups or publications
particularly aimed at addressing consumer issues. each Department
and Office of the Insurance Commissioner with staff particularly prominent
to answer questions about your coverage car insurance.
Similarly, multiple departments publish information on premiums
receivables, to make the process of selecting a policy, easier.
7. Study the alternatives before making a final decision to buy auto insurance.
When considering offers auto insurance available
market may benefit from premium levies provided by
different insurers. When applying several quotes, it is necessary that you
provide the same information to each agent or company. Generally, this
Information should include the use and description of the vehicle in question, its
driver’s license number, number of drivers who live with you,
the type of insurance coverage and limits that interest you.
8. Learn where to buy auto insurance
Check the newspaper and yellow pages of the telephone directory in your area
to know the companies and agents in their community. Furthermore,
check with your neighbors, relatives and friends for recommendations and
referrals. In particular, ask about the experience they have had with claims submitted to your insurer. Remember it is important to compare
alternatives to ensure the best cost and service.
Once requested interested cover insurance agent or
insurer, there are certain steps that will ensure the investment of your money. before
sign the application for insurance, call your Department or Office
Local Insurance Commissioner and make sure the agent and insurer are
authorized to do insurance business in your jurisdiction. It is unlawful to make
insurance business without authorization, so if you buy auto insurance
policy from an unauthorized company or agent will not guarantee that your
claim will be honored if necessary.
10. Read your policy carefully
Be aware that a car insurance policy is a legal contract. the
it is worded so that the rights and responsibilities of each
party, you and the insurer, are clearly stated. By purchasing
a policy, the insurer is required to give a copy of it. You should read
carefully and make sure you understand its contents. Should you have any
question as to its terms, contact your insurance agent to
clarify doubts. Have any other concerns, please immediately
your Department or Office of the Insurance Commissioner.