Wednesday, February 4, 2009

Buying Car Insurance

by Shu Zheng
If you are a person with a bad driving skill, it may be the right thing for you to have – auto insurance. When it comes to buying car insurance, there are some factors influencing your rate. Such factors include your age, gender, record of prior claims, year of vehicle, and coverage type. The following will help you determine how much car insurance you need to carry and how to save money on the coverage.

Step 1: Keep in mind the amount of money you want to save for insurance.

Step 2: Figure out how much coverage do you need. General recommendation for liability limits are $50,000 bodily injury liability for one person injured in an accident, $100,000 for all people injured, and $25,000 property damaged liability. However, you available assets and driving habits may also need to be taken for consideration.

Step 3: Review your driving record and current insurance policy.

Step 4: Go to some online insurance quote sites, input your information and get a list of comparative quote.

Step 5: Research insurance companies, record and compare quotes.

Step 6: Phone contact those companies that you couldn’t search online for quote, and confirm price.

Step 7: Look for discount. Some of the discounts you might qualify for include low-risk occupation, professional organizations, combined coverage, discount for safety features, more risk assumed by driver, and discounts for senior citizens. Make sure you get all the discounts you qualify for.

Step 8: Choose the right company. You can visit your state’s department of insurance or get in touch with local body shops, and make sure to check out the financial strength ratings for an insurance company.

Step 9: Verify if the policy contains the coverage you want. Two clauses you should pay attention are retain your right to sue and avoid aftermarket parts requirement.

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