Car Insurance -- Helping You Understand It

By buying a car insurance policy, you are entering into a contact with the insurance company. Under the contract, the insurance company agrees to pay your losses if your car meets with an accident. Your part of the contract is to pay the premium.

Property, liability and medical coverage are all covered by car insurance. Property coverage pays for damage to or theft of your car. Your legal responsibility for bodily injury or property damage caused by your car is taken care of by liability coverage.

The medical coverage will pay for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses.

Most car insurance policies are valid for six month to a year. When the validity is over, you must renew the policy.

State laws mandate that your have some form of car insurance if you own or operate a car.

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The penalty for driving a car without insurance is different in different states. Compounding of the car is done is some states. There are heavy fines in some states. If your car is involved in an accident without insurance, the consequences can be serious. You may have to comply with the financial responsibility laws including having to pay for any injuries or damages out of your own pocket.

Your credit history, the age and type of your car will play an important role in determining the rate you have to pay for car insurance.

It is your responsibility to provide insurance for any car you own regardless of who is operating the vehicle. If you operate a car without insurance, you will be in violating the law.

Finally, a few savings tips...

1. Getting married will bring down your rate by a huge margin. There is evidence to show that married people are a lot more stable than their unmarried counterparts. This makes them more careful on the road and, therefore, a better risk to insurers. They generally file fewer claims and when they do, they usually cost less.

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2. "Pimping your ride" does NOT help if you want lower rates. Things like changing your tires to bigger ones than specified by the manufacturer, adding equipment that will increase your car's horse-power will cost you a lot more. So if you're really serious about keeping your rate down, leave your car the way it was manufactured.

3. Do you know that some folks are paying much more in auto insurance because of where their homes are? Also note that a neighbor not too far away might fall under a lower crime zone than you -- This affects rates.

Therefore, take your time to ask your agent what effect your new zip code would have on your rates before you make that down payment. This doesn't come readily to mind when you're shopping for a new home. Does it?

Since you may live in the same home for decades to come, a difference of $200 in auto insurance rates would amount to thousands over the years.

4. A lot of folks have lost their cars in the short seconds that they took to dash inside to get something while leaving their cars running and unlocked. Don't make this mistake. This is an open invitation to any thief sniffing around. Car thieves are known to go for easy targets. An unlocked car with the engine running? What could be easier?

Car Insurance For Woman

5. A good alternative for you is to use your parents' auto insurance policy. If you are of driving age, then your parents certainly are far above twenty five years which means they are better risk drivers.

You have to bear in mind, though, that the car must be registered in their name and you must be living with them if you want to use this option. This means that they legally own the car. If the benefits of "independence" outweigh your car insurance savings then this is certainly not alternative for you.

6. You can get better rates on auto insurance today by visiting not less than five quotes sites. Each quotes site will require about 5 minutes or less to request quotes. (Some folks give details that is not really true about themselves. That is NOT wise since the quotes you'll get this way will NOT be of any use to you).

You'll simply pick what represents the best auto insurance quote for you from the list of quotes you've obtained. That's all there is to it. But you could easily save hundreds of dollars.
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