Auto insurance was designed with the purpose of protecting your vehicle in the event of an accident as well as other things. It also serves the purpose of protecting other drivers, passengers and their vehicles, as well. When you get your policy, you are going to want to be sure that it covers everything that you expect it to. The tips in this article will help you to get the best auto insurance possible.
If you are thinking of adding a teenager to your auto insurance, find out how much it would cost to put them on your policy, versus the amount it would cost to get them a separate policy. It pay be less expensive to purchase a separate policy for them, depending on what cars they are driving.
To make sure that your car insurance is correctly covering you, sit down with your agent before making purchases of things that personalize your car. If you pay $700 for new tires that just add a mere $200 value to your car, you will not be reimbursed for that difference should your car be stolen.
Most states require that you pay for liability insurance. As a citizen, it is your responsibility to be aware of your state’s auto insurance requirements, and to maintain a policy that meets or exceeds the minimum levels of coverage mandated by your state. Many states enact severe consequences for not being insured, as well as being involved in an accident while uninsured. The laws are very clear on these matters, and you should know the facts.
A common misconception is that your car insurance company will give you a reduced rate once you hit the age of 25. In fact, insurance rates go down over time starting at age 18, provided the driver continues to drive safely.
When you buy car insurance, remember that only the person named on the policy will be insured unless otherwise specified. Sometimes, people allow a friend to borrow their vehicle, but if this friend wrecks, your insurance company will not pay for the damage. Car insurance policies can be purchased at a higher premium, that include allowing other licensed drivers to operate your vehicle.
Before you buy additions for your car, ask yourself if you really require them. Heated seats and a great stereo system are nice, but you do not really have to have them. The reason is because if your vehicle is stolen or totaled, you will not be reimbursed for its damage.
Consider whether your policy provides more coverage than you really need. One example of this is collision insurance; a good idea for expensive cars, but if your care is a piece of junk, it’s probably not worth it. Eliminating these coverages will save on your monthly premium. You can also think about taking off coverages, such as liability.
Now that you’ve read the article, go review your policy with your new found knowledge. Sometimes things aren’t as you thought, and it could be beneficial to rewrite your policy in order to get the correct amount of coverage.