“There were only two cars in Ohio in 1895 and they collided into each other.” I read this on Uber facts and was appalled, thankful, and worried at the same time. Were there no driving schools at that time? Thank God I have my car insured! Will my insurance cover the cost of damage in case I meet an accident? This is the car insurance guide that you’ve been looking for so long.
The number of cars have multiplied in the past few decades and everyday hundreds of accidents take lives of people. Car insurance has become a necessity in the modern era. This car insurance guide will help you choose the option that is the best fit to your needs and budget.
Accidents are bound to happen and insurance is what has got our backs in such cases. Whether it’s your fault or the other person’s, your insurance coverage should help you. How much it helps is up-to you, the insurance company you chose, and the package you went for.
Here are a few factors that you should keep under consideration before finalizing a car insurance provider. Keep in mind that you have to move on step by step, research factors that you have to put in the coverage of your vehicle, and never compromise on your safety.
Injuries and Health Insurance
Personal safety is the topmost priority of every individual. In case of an accident, the first thing that a hospital inquires is your health insurance. Hence it should be given due importance. There should be no compromise on the safety of your loved ones. Remember, if you don’t have health insurance, you will be in double trouble of facing emotional as well as financial damage.
The Driver’s Fault
In a recent study conducted by (IRC), it was found out that one in eight accidents are the fault of drivers who are not insured. Why put your life in danger due to someone else’s mistake? Now, this must feel a hard pill to swallow and you must be wondering that why should I pay for someone else’s negligence? Well, do you want to lose your vehicle? Or do you want to pay a huge sum of money in healthcare?
Worst Case Scenarios and Major Accidents
Accidental insurance covers the cost of the loss incurred in an accident. What if your car is totaled in a storm or a Tornado? Natural calamities aren’t mostly covered in car insurance and don’t forget to include them in your package. In these cases, it is better to get full coverage or replacement insurance.
Towing and Rental Coverage
Car is composed of several important parts and if any of them goes missing, the overall performance will be affected. Adding towing and rental coverage to your car’s insurance is worth it. Towing coverage means that if your car needs to be towed to the workshop for repairs, your insurance company will cover the cost of repairs.
Rental coverage covers the cost of a rental car while your vehicle is repaired after an accident. Now it’s your choice whether you want a towing and rental coverage or not.
Effect of Driving Experience on Insurance
Most of the insurance companies recommend certain packages depending upon the driver getting the insurance. For instance, a teen driver is more likely to makes mistakes and therefore their coverage costs would be higher. On the other hand, a driver with penalties and a bad driving record will also have to pay a higher coverage cost.
Do not settle on a small coverage due to a higher cost. Insurance policies aren’t where you bargain. Yes, use your mind and find the right choice and save yourself from overpaying. However, both of these scenarios are exclusive and should not be confused with each other.
Choosing Auto Insurance
- Before finalizing an insurance company, do thorough research and compare the rates and coverage of different companies in your locality. One of the best methods is to reach out to their clients and get a feedback from them. This can mostly be done by visiting their website.
- Do not be fooled by low rates of smaller insurance companies. They might be offering attractive packages but in case of accidents, their coverage cost turns out to be very low.
- Your insurance agent will try to sell you more than you need. Do not be fooled and buy only what you need. Take out time and do not rush into buying an insurance.
After reading this car insurance guide, you know more than an average American about Car insurance. Put this knowledge to use. Get the best out of it!
Once you’ve understood the details of car insurance, you can save handful amount of money by making wise decisions. Find out more in this article.