Car Insurance is broadly classified into seven major types: Liability, Collision, Comprehensive, Uninsured motorist protection, medical/ personal injury protection, no-fault and gap insurance. Some states make it compulsory that your car must be insured for a minimum amount; in that case liability insurance is a good option. But still your car can be insured for a larger sum so that you can be on the safe side. Collision insurance along with a liability is a good option for those vehicles which are in good condition or new. The premium you will be paying under this scheme will be higher but it is an unnecessary investment if your vehicle is not worth the money.
Comprehensive is an insurance policy which covers damage by animals or the elements, theft, weather damage, etc and usually depends on the area where the car is under use. For example in the case where your area is known for thefts, the premium to be paid may be higher every month. So, when you decide on this kind of a policy, take into account the safety of your parking lot, weather conditions, etc.
A medical/personal injury protection policy helps you pay those long hospital bills for both yourself and your passengers in case of an accident. Whether you’re at fault or not, with this policy you can pay off bills as soon as possible. The no-fault policy will be a good monetary back up irrespective of who would be responsible for the accident.
The majority of car insurance companies allow you to insure a maximum of four cars whether it’s an online insurance or through an agent. With a great resource like the Internet getting information on car insurance is definitely not an issue today. Since people are usually too busy to fix up a plan, car insurance online allows you to easily and quickly compare price listings without any hassle.
It has been a common procedure not only in the state of California but also in other states across the country that insurance companies provide cheap insurance to drivers who have a clean driving record. This means drivers who have not been involved in any kind of accidents, mishaps, no speeding tickets etc. In no circumstances expect to find cheap car premiums in the United States if you have DUI or SR-22 in your history. You need to be prepared to pay twice that of the driver who holds a clean driving record.
The vital part in obtaining the best car insurance rate is always to select the most trustworthy agent or firm. An insurance agent is someone who works for a specific company. This means the agent sells insurance premiums only for the company they are working for. But when it comes to a broker they provide the service of quoting the best car insurance rate by comparing the prices of different companies.