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Auto Insurance Information

By Compuquotes Team on March 27th, 2008
Auto Insurance

There are literally hundreds of different auto insurance companies that are all offering several different types of policies, so it is understandable if you are confused as to what each type of policy means and which one is best suited for you. There are a few guidelines and tips that you can follow that will help you select the right insurance company and policy for you and your family.

The first thing you can do is determine the right amount of coverage that you will need. Half of your auto insurance costs will be for liability and what you are going to use the vehicle for, and what kind of driving record you have. If you have a fender bender and a few speeding tickets you will certainly pay a lot more money than someone who has a clean record.

You can have a small impact on the price of the other half of your auto insurance premium which covers damage or loss to your vehicle, comprehensive, and collision coverage.

You should definitely shop around when it comes to your auto insurance. The auto insurance industry is so competitive that it is impossible to find a great deal if you obtain quotes from different companies.

Ask your insurance provider, or one that you are interested in if they will give you a discount if you purchased two or more types of insurance from their company, such as home and auto insurance. You can also ask for discounts such as safety and anti theft device discounts for items such as airbags, anti-lock breaks, and anti theft alarms and systems.

One of the easiest ways to save a lot of money is to increase the amount of your deductible. By increasing the amount of your auto insurance deductible you are taking on more responsibility and therefore will be given a lower rate. Make sure you only do this if you have a clean driving record and are not financially strapped. If you were to get in an accident you want to be able to pay the deductible.

If you are in the market for a different car make sure that you check with your insurance company before you make a purchase. The premium you are going to pay to insure the car is going to be based on the car's sticker price, the cost to repair it, its safety record, as well as the likelihood of it being stolen. Never shop on price alone when it comes to vehicles or anything that has to do with fixing or insuring them.

When you change over to a new insurance company be sure to cancel your old policy and immediately. Do it on the same day because some states will fine you for every single day you drive without insurance. You can write your insurance company or call them and let them know what time and day you would like to have your insurance policy canceled.

Auto insurance is something that we all must have, so it is smart to perform a thorough search to make sure you are getting the best coverage and rates possible.

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