Understanding Insurance Policies

Understanding Insurance Policies

4 Tips For Purchasing Auto Insurance

Samantha Reynolds

If you drive a vehicle, you likely know that you must have an auto insurance policy that at least has liability coverage in the case that you cause damages to another person's property or you injure someone in a car accident you have caused. On top of having liability, you should also consider adding additional coverage that will protect your property, as well. Here are four tips to consider when purchasing auto insurance:

  1. Ask About Discounts: One reason you may be hesitant to add additional coverages to your auto insurance policy is because you are worried about the cost. If this is the case, you need to inquire about what discounts you are eligible for. All auto insurance companies offer different discounts, such as good student discounts, teacher discounts, and even discounts for newly weds. When you add the discounts you are eligible for, it is going to make spending additional money on extra coverage more affordable. 
  2. Choose Your Deductible Wisely: The higher you can raise your deductible, the better since it is going to lower your auto insurance costs. However, you need to choose your deductible wisely. You don't want to choose a deductible that is going to be too high for you to afford. If this is the case, you may not be able to meet the deductible in order to receive coverage, which means you may need to skip out on repairs that you really need. 
  3. Add All Drivers: If you and your spouse drive the car that you are insuring, you want to be sure that you are both included on the policy. You also need to add any teen drivers that may use your car. If you don't add drivers to the policy, if they are involved in a car accident, your claim can be denied and you can expect to receive higher rates on your auto insurance policy.
  4. Be Aware of Broker Fees:  When it comes to purchasing auto insurance, you may consider using a broker who can find you the cheapest possible rates along with coverage that you are comfortable with. However, you have to be aware that your broker is going to charge a fee for their services. You must be sure that this fee is something you can afford on top of the new insurance costs. You typically need to put a down payment on an auto insurance policy along with paying the first month up-front. 

When you consider these four tips when purchasing auto insurance, you can be sure that you are aware of what you need to do in order to make it affordable while still providing you with coverage you need. Contact a company like Plumer Insurance Agency to learn more.


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About Me
Understanding Insurance Policies

After I moved out of my parent's home, I started learning more and more about insurance policies. I was involved in a bad car accident, and I ended up working with my car insurance company as well as my medical and dental insurance companies. I paid my premiums and enjoyed coverage, but I didn't really understand how the entire insurance claim process worked. I wanted to make this blog to help other people like me to learn more about insurance coverage. Check out this blog for more details on insurance coverage, how to file a claim, and what you should expect throughout the shopping process.