Car insurance is a legal requirement and if you are a driver it is worth your while to spend some time thinking about what features you want to be a part of your coverage. It is a good idea to look at the auto insurance quotes offered by a number of different companies before you choose one. What are some of the different features that you can choose as part of your policy? Let’s look at a few.
The policy needs to be purchased before the car, so you should know if you intend to purchase a new car or a used car and whether you will be financing the purchase or not. New cars that are financed will require full coverage in almost every instance.
Collision coverage comes in incredibly handy if you are in an accident and there is a large amount of a body damage to you car. On the other hand, depending on the deductible if you are in a minor collision the deductible may be higher than the cost of actually repairing the damage in your own.
Deductible vary by company and the type of policy you choose. As a general rule of thumb the higher the deductible the lower the monthly premium payments will be. There is a fine line to tread here, since if you can avoid having an accident you obviously want to have lower monthly premiums, but if you are unfortunately the victim of an accident a high deductible may make you consider if you want get a relatively minor repair fixed.
If you want all kind of repairs to be covered, even those that are not caused by a collision with a car then you should comprehensive coverage. This kind of coverage handles damage caused by things like floods, hail, vandalism, and theft. For this reason this kind of coverage is also usually the most expensive kind of car coverage policy on the market.
Medical coverage ensures that any medical attention you may need after an auto accident is covered, even if you are hit by an uninsured motorist, and with the unfortunate increase in those driving without having the proper insurance this is definitely coverage that you want to give consideration to. In many states this kind of coverage is known as PIP coverage.
The laws in your state will probably do much to determine the kind of coverage you choose for your car. All states have minimum requirements for coverage in order to drive legally. While the state law requirements determine what your minimum coverage will be you will want to give serious consideration to perhaps purchasing some extra coverage.
With so many different kinds of policies to choose from it is the course of wisdom to look at a number of different auto insurance quotes before you decide on the policy that is best for you. If you are unclear on certain specifics of a particular policy it is good to call the auto insurance company and talk with an agent before you decide to purchase a policy. Make sure your car is protected with the right kind of insurance policy.
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