Auto insurance is one type of coverage that insurance companies offer so that you are covered in the event that there is damage to or as a result of an automobile. There is a wide coverage provided with this type of insurance, however there are a variety of packages that can be purchased that will dictate your specific coverage. Everyone has to have some auto insurance or they risk a hefty fine if stopped by the police. If you are the sole owner of your vehicle, meaning there are no additional lien holders, then you can purchase what is called "no fault" insurance. While this form of insurance is the most affordable it also offers the very minimum coverage by law. If you still owe money on the car or have used it to secure another loan then you must afford better auto insurance, by law. The prices of auto insurance policies can really differ and each component of your policy, especially the deductibles will determine the price. The cost of these premiums will vary, as a matter of fact, once you start checking around you will likely be surprised at how much they do indeed vary. Your auto insurance premiums will be based on such things as how high or low your deductibles are, you driving record in the past, how old you are, your gender, and where you reside. Normally the rates for women are lower than those for men and those with a history of accidents. Moreso people with points on their driving record, and those you have a history of driving without auto insurance will pay significantly more for premiums. Teenagers are generally considered high risk and will have to pay higher auto insurance premiums. You can bring down your auto insurance rates by a huge margin if you get and compare quotes from at least five good insurance quotes sites. Here are great pages for auto insurance quotes... InsureMe Auto Insurance Quotes Chimezirim Odimba writes on insurance.
Wednesday, February 25, 2009
Auto Insurance - Understanding the Basics
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