Tuesday, 20 December 2011

AUTO INSURANCE TIPS

How much you pay for auto insurance depends o­n several factors, including your age and marital status, where you live, and what you drive. You can't do anything about your age, and few people will move just to lower their insurance premium. You can, however, choose a vehicle that costs less to insure.

Know your first cover types
What is your car insurance properly insured? While buying asingle insurance policy for a specific vehiclea number of factors make the final cost:
Responsibility for injury: Covers claims for injury and deathagainst you, and court costs if you hurt your car or kill someone.
Property damage liability: Covers claims for property damageyour vehicle in an accident. Because liability insurance protectsthe other party, it is necessary in only three states.
Medical Expense: Pays for injuries to yourself and to the occupants of the car. This step is optional in some states. In"no fault" means protection against injury replaces medical payments as part of primary care.
Protection against uninsured motorists: Covers injuries to you or occupants of the car by uninsured driver or hit-and-run."Under-insured" coverage is also available to cover claims against a driver who has insufficient insurance can do. In some states, no less than 30 percent of drivers are uninsured.
Collision insurancecovers damage to your car than its book valueCollision insurance has a deductible, which must be the amount you pay per claim before the insurance takes effect.The lower part of the deductible, the higher the premium.Although the legal optiona bank or leasing company usually requires collision coverage.
Global (damage): Covers damage to your car against theft,vandalism, fire, wind, water, and other non-accident causes.Also includes a full franchise.

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