Car Insurance - What You Should Know

Hi, my name is Brian Stevens. I am a former insurance agent and financial consultant and I want to explain the basics of what you should know about car insurance. Most of this happen got a clue about what are insurance really covers. Here is what car insurance covers and how you can save money on your premium.

Collision coverage pays for repairs to your cars from a collision regardless of who is it fault. Raising the deductible, the amount you paid before your insurance companies pays a claim will save you a hundred of dollars a year on your premium. If you have an older car that is not worth a lot, dropping your coverage especially if your car is worth less than your insurance premium can save you $450 or more.

Comprehensive coverage pays for non collision damage to your car from such things as vandalism, break-ins, fire, natural disasters and other causes. Raising your deductible will lower your premium considerably. Dropping this coverage if you drive an older car will save you even more.

Bundle your injury liability coverage pays for claims made against you by anyone you injure in an accident. It is really the most important coverage because it protects you from losing your assets. Do not skimp on this one, if you do not know much you can stick with the minimum coverage but if you do have assets you want to protect get as much coverage as you can protect those assets.

Increasing your liability coverage will not cost you that much more. Medical coverage pays for you or your passengers medical expenses when you are involved in an accident. It also pays medical expenses if you and your family are injured in someone else’s car.

You can consider dropping this coverage if you already have health insurance and if you do not have health insurance, consider getting it instead of caring medical coverage on your car insurance policy.

The best way to get car insurance is to comparison shop and the easiest way to do that is to get quotes from an insurance comparison website. It is quick. It is easy and it is free.

Visit lowerratequotes.com or if you are on You Tube, click on the lower rate quotes link to the right of this video to get car insurance quotes from top rated companies and see how much you can save. You can get more tips and advice in their article section and get answers to your questions plus get tips on how to lower your premium from an insurance expert by using their online chat service.


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