Car insurance - What's up with it?
Buying car insurance
doesn’t have to be difficult.
Here are a few steps to help you along the road to all the
auto insurance coverage you need.
Your best bet is to talk to your bank.
The larger banks in
Next thing is to make sure when are
comparing car insurance is that you have the car coverage that you need,
nothing less and nothing more.
So you have a 92 Nissan sitting in your driveway.
Sure it’s old and ugly but it runs like a top, always starts
in any weather and you only go to the pumps once a month. However
reliable that old heap is you know that one simple fender bender and
she is toast. So, that
being the case, you don’t want to be paying full
car insurance coverage on
a car that can’t or shouldn’t be repaired.
Not to mention that the blue book value of that car is
probably only $500.00 at the most.
Now if you have a car that you are still making payments on you do
have to have collision, fire and theft coverage.
You would be stupid not to keep a car insurance policy on an
unpaid vehicle. You
don’t want to be making monthly payments on a rusting hulk sitting
in the junkyard across from the bus stop where you are waiting.
That would be painful indeed.
Still you can choose the minimum automobile insurance
coverage you need and a higher deductible to lessen the monthly cost
of your car insurance.
Speaking of deductible, know your car insurance policy limitations when
choosing it. If your car
is damaged in any way you will be responsible to cover this
deduction before you can get your car back on the road.
You need your car to get to work to make money to pay your
car and auto insurance payment, right?
How can you get your car on the road if you don’t have the
cash to pay the car insurance deductible?
So my suggestion is to save the amount of your auto insurance
deductible in a savings account and don’t touch it.
It’s there when you need it and it will be making a little
bit of money for you when you don’t.
Some of us are unable to save so in that case I would suggest
that you always keep a credit card with an available balance to
cover your car insurance
deductible, that's what my sister does with her
pet insurance monthly payment.
Car insurance claims
Car insurance claims. For those of
you who experience the horrible fate of having your car stolen, I
have a few important notes for you.
When my daughter had her SUV stolen she was told some very
interesting things. If
you are paying for a vehicle bought at a dealership where you
purchased an extended maintenance warranty, call them with the
warranty information because you will get all that money back, which
can go to repay some of that car insurance cost.
If you have used any of the warranty they will give you the
remaining amount in cash.
This is also true of when you pay off your vehicle.
You get all or any remaining portion of your warranty back in
cash. It’s a little, no
interest savings account if you don’t use the warranty for
maintenance work.
It’s definitely a car
insurance jungle out there.
Tons of companies wanting to take your hard earned money and
then they make you jump through hoops when you need their services.
|
