Many states will require that you have liability insurance, at minimum, if you own a car. Knowing what type of coverage is required by law in your state is the responsibility of you as a citizen. If your vehicle is not insured when you are in an accident, there will not only be serious financial consequences, but there will also be consequences from your local authorities.
People who have higher FICO credit ratings are often able to save money on their car insurance. Were you even aware that auto insurance companies pull your credit file? Insurance companies often make rate decisions based in part on an individual's credit score. This is due to the fact that studies show individuals with low credit scores are often prone to automobile accidents. With a healthy credit score, you will get cheaper insurance.
When it comes to teenagers and cars, you are going to be best off by letting them share a car that you already own as opposed to buying them their own cars when it comes to insurance rates. Rather, give them the option to share a car already in the family. This saves you money on insurance because you can just add them to your existing policy. Student drivers who get high grades can sometimes qualify for auto insurance discounts.
Make a comprehensive list of your car's safety features to squeeze out the lowest possible price for your insurance. Safety features, like security alarms, help reduce the number of claims made, and companies often offer discounts for having them in your vehicle. Even with an older car you can get these discounts if you include these safety features at a later date.
When purchasing auto insurance for a teenage son or daughter, be sure to compare the cost of adding your child to the policy you have currently and purchasing a separate policy. It pay be less expensive to purchase a separate policy for them, depending on what cars they are driving.
You can get advice about choosing insurance companies from trusted auto body shops. Technicians at body shops often work with customers' insurance companies. They will be in a better position to provide information on which company has a good repair policy versus companies that can be difficult to deal with in the event of a claim.
Most insurance providers give discounts to people whose yearly mileage is under 7500. Driving less can be a great way to save more on car insurance.
If you get in a car accident, having auto insurance could by a big life saver. Appropriate insurance coverage and options mean that you get the money you need and deserve after an accident. Use the tips you just read to obtain proper insurance coverage.