Advertising and marketing has made it real easy for auto insurance companies to appear like the are the best or one of the best auto insurance companies out there. Sure the gecko is cute but where is he when that uninsured deadbeat rams your brand new car and then drives away.
You could be fighting with the very auto insurance company that claimed they would be there for you in the hard times. Suddenly that gecko isn't so cute and lovable anymore.
I don't men to pick on the little gecko and the auto insurance company he represents. There are many other mascots and celebrity hawkers out there touting the savings and advantages of their own particular car insurance.
It seems they are all the "best" and will save you the most money. Well, that just can't be true.
So how do you find out which are the best auto insurance companies and ultimately get the best deal on your own car insurance? Read on...
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You should know exactly how much
insurance you need before you start searching fora rates with any of the best
auto insurance companies.
First, Determine How Much Auto Insurance You Need
This is perhaps the most overlooked aspect of auto insurance. Fact is, most
people are either underinsured or overinsured.
With hard economic times here, most folks are looking to get by on the least amount of auto insurance in order to save money. The problem with carrying minimal coverage is that you may be exposing you or your family to a severe financial crisis.
If you, or your family member is found to be at fault in an accident and your minimum liability auto insurance does not cover all of the other driver's medical expenses, you could lose everything you own.
You may not want to leave the amount and type of insurance up to an auto insurance company that may out a priority on profits over your particular insurance needs.
Of course, you don't want to unnecessarily spend money on auto insurance coverage that you will never need or use. For example, if you're driving a car that is 10 years old and worth just a few thousand dollars, carrying full coverage collision or comprehensive auto insurance is not necessary. In this case, it's just going to cost too much.
Experts in the auto insurance industry recommend a minimum liability 100/300 insurance policy. That simply means $100,000 coverage for one person and $300,000 for all person injured in an auto accident.
Edmunds.com has an article that addresses this very subject here. Before purchasing any auto insurance policy, be sure to do your homework. If you don't want to do the work, you may wish to consult with a trusted insurance specialist to help determine your specific insurance rates and coverages.
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With hard economic times here, most folks are looking to get by on the least amount of auto insurance in order to save money. The problem with carrying minimal coverage is that you may be exposing you or your family to a severe financial crisis.
If you, or your family member is found to be at fault in an accident and your minimum liability auto insurance does not cover all of the other driver's medical expenses, you could lose everything you own.
You may not want to leave the amount and type of insurance up to an auto insurance company that may out a priority on profits over your particular insurance needs.
Of course, you don't want to unnecessarily spend money on auto insurance coverage that you will never need or use. For example, if you're driving a car that is 10 years old and worth just a few thousand dollars, carrying full coverage collision or comprehensive auto insurance is not necessary. In this case, it's just going to cost too much.
Experts in the auto insurance industry recommend a minimum liability 100/300 insurance policy. That simply means $100,000 coverage for one person and $300,000 for all person injured in an auto accident.
Edmunds.com has an article that addresses this very subject here. Before purchasing any auto insurance policy, be sure to do your homework. If you don't want to do the work, you may wish to consult with a trusted insurance specialist to help determine your specific insurance rates and coverages.
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Get a Rough Idea of Typical Auto Insurance Rates
Before you decide on which insurance company is best for you, check out the
website of your local state insurance department. Most websites like this will
show the hypothetical insurance rates from various insurance companies for
different types of customers.
For example, one website may provide hypothetical information on what it might cost to cover a 35-year-old married female with a few tickets and accidents or a 21-year-old single male with a clean driving record.
You can link to the National Association of Insurance Commissioners website and find links to the insurance departments in every state.
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For example, one website may provide hypothetical information on what it might cost to cover a 35-year-old married female with a few tickets and accidents or a 21-year-old single male with a clean driving record.
You can link to the National Association of Insurance Commissioners website and find links to the insurance departments in every state.
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Determine What Car Insurance Coverage is Best for Your Situation
What happens if you or a member of your family is hit by an uninsured
motorist? If he doesn't have auto insurance, and you're not carrying full
coverage then you're stuck with the repair bill for your car.
If you own vehicles that are older and not worth much, this may not be a problem, however, newer cars can be quite expensive to repair.
If you own vehicles that are older and not worth much, this may not be a problem, however, newer cars can be quite expensive to repair.
Most folks just don't have any idea
what auto insurance coverage they have until they are in an accident.
Experts say that if your car is worth less than 10 times the amount of your
collision or comprehensive auto insurance rates, you should probably buy a
liability insurance policy.
For example, if your yearly collision premium is about $500 (USD), and your vehicle is only worth $2,000, is it worth keeping the collision insurance? If you can afford to replace the vehicle in case of a total loss, then liability auto insurance may be a better value.
This coverage pays for any damage or injury you may cause to another driver but does not pay anything to repair or replace your vehicle. If liability coverage is all you need, you will pay far less for your auto insurance.
If you drive a newer car or if you're financing a car, you will be required by the lender to carry comprehensive or full coverage auto insurance. This type of insurance pays to repair or replace your vehicle in case of accident. theft or other damages like those caused by a hailstorm.
For example, if your yearly collision premium is about $500 (USD), and your vehicle is only worth $2,000, is it worth keeping the collision insurance? If you can afford to replace the vehicle in case of a total loss, then liability auto insurance may be a better value.
This coverage pays for any damage or injury you may cause to another driver but does not pay anything to repair or replace your vehicle. If liability coverage is all you need, you will pay far less for your auto insurance.
If you drive a newer car or if you're financing a car, you will be required by the lender to carry comprehensive or full coverage auto insurance. This type of insurance pays to repair or replace your vehicle in case of accident. theft or other damages like those caused by a hailstorm.
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