When it comes to comparing auto insurance quotes, it’s important to understand what car insurance details you need to consider in order to get the policy that’s right for you. Nowadays, many consumers enjoy the ease with which they can request home and auto insurance quotes online, but unless you know what details to look for in a car insurance comparison, you might wind up getting a policy that either doesn’t offer you enough coverage, or one that leaves you overinsured and paying too much. So what car insurance details should you consider?
Car Insurance Comparison 101
Comparing insurance quotes is relatively easy once you have a few facts down about what types of coverage you need and how much you can afford. So before comparing auto insurance, make a list of your requirements for your insurance policy. In every state except New Hampshire, drivers are legally required to have car insurance liability coverage, but what types of coverage you want in addition to your liability insurance depends on your personal comfort level and whether you bought your car with a loan. If you bought your car on a loan, you’ll need gap insurance. Gap insurance covers the difference between the car’s market value and the amount of money you still owe on your loan. This means that in the event you’re involved in an accident and your car is totaled while you’re still making payments, your insurance kicks in and covers the remaining amount.
Beyond Car Insurance Liability
Besides liability and gap insurance, comprehensive and collision are extremely useful types of insurance that give you peace of mind. Comprehensive covers damages to your vehicle that aren’t caused by a collision, like damages due to inclement weather, vandalism, theft or fire. Collision insurance covers you in the event of an accident, no matter which party is at fault. When considering these types of insurance, the most important car insurance details to consider pertain to how much coverage you need. If you have an old car that’s not worth very much, comprehensive insurance could be a waste of your money as the cost of repairs or replacement could be much less than you wind up paying in premiums and deductibles. However, if you drive a new car that you need for work every day, you don’t want to be stuck with damages and no insurance coverage. Comprehensive coverage can help you minimize your losses and continue on with your life with the least amount of worry.
Car Insurance Details
Besides your coverage amount and deductible, car insurance details that affect your premiums are mainly the make, model and year of the vehicle you drive. A teen driver with a sports car faces much higher premiums than a married driver who owns a sedan. Repair and replacement costs, as well as the level of responsibility associated with your demographic, have a huge impact on your insurance rates. To make a car insurance comparison and get the best rates, request your free insurance quotes from AgentInsure today!
Finding out your Options when your Auto Insurance Denies your Claim
As if dealing with the hassle of an auto accident wasn’t enough, your insurance company has now denied your claim. Your car is wrecked, you’re out several hundred or more dollars, and y...
Read More →
Do I need to Personal Injury Protection (PIP) Coverage on my Auto Insurance Policy?
Not everyone must buy personal injury protection, but it's certainly a beneficial addition to your auto insurance policy, should the coverage be provided in your area. Personal injury protection, o...
Read More →
Can I Keep the Auto Insurance Claim Money and Repair the Damage Myself?
When you make a claim on your auto insurance after an accident or an incident that caused damage, you will receive funds to make repairs after an estimate is obtained for the cost. If you do not ha...
Read More →