Unfortunately, all of us have to purchase auto insurance if we want to drive, with so many different policies to choose from, selecting an insurance plan can be a bit overwhelming; it’s hard to tell when you’re getting a good deal or not. Following are some insurance facts that should be helpful to any car insurance policy holder.
CAR INSURANCE FACTS:
1. When you switch your automobile insurance policies, remember to cancel your old one. If you forget to cancel your old policy it will be reported as canceled due to non-payment.
2. If you don’t belong to AAA Automobile Club, then join now! Affiliation with the AAA Automobile Club will lower your auto insurance rates and provide several additional benefits such as 24-hour roadside assistance.
3. If a friend borrows your vehicle and gets into a collision, you must file a claim with your insurance company, which means that you will have to pay a deductible and your rates will go up.
4. In many states, your automobile insurance company must pay the insurance costs on your replacement car when your former car is totaled.
5. In 28 states, automobile insurance companies are required to pay the sales tax when you replace your totaled automobile.
6. The color of your vehicle has no effect on your insurance rates. It doesn’t matter if your car is red, green, or blue, the color of your vehicle is not something that insurance companies consider.
7. Always be certain that the information listed on your insurance policy is accurate. Small discrepancies can make a big difference in the cost of your automobile insurance. Mistakes like this happen quite frequently. People list the incorrect mileage; they mistake a two door vehicle for a four door vehicle, and more. These mistakes can be costly because the rates vary quite a bit between a two and a four door vehicle.
POSSIBLE CAR INSURANCE DISCOUNTS:
1. In order to receive the multi-policy discount, insure both your vehicles and your home with the same insurance company.
2. If you don’t drink alcohol, request the abstainer from alcohol discount.
3. Your occupation can affect the price of your insurance rates. Several car insurance companies provide discounts for teachers and engineers because they are considered low-risk.
4. If you use an ant-theft device, request a discount.
Even though we all have to purchase auto insurance in order to drive, there are a few things we can do to try to get our rates reduced.
