If you have an offer from the insurance company to purchase a warranty to cover the parts that were used in your vehicle repair, do your research before you bite. The majority of repair shops offer guarantees on their workmanship, and auto part manufacturers also repair their own products. Don’t waste your money and time on something that will just end up being worthless to you. Peruse your auto insurer’s catalog of discounts to see how you can reduce your premiums. If you drive fewer than 7,500 miles a year, then you may be eligible for a discount. Your premium may also be decreased if you use public transportation to commute to work. In the absence of effective public transportation, carpooling may not just save you money on gas, but on your insurance rates as well. When you are looking into getting car insurance, you need to know and understand the coverage types. There are a variety of considerations involved in calculating the final cost of vehicle insurance. If you accidentally hit someone, bodily injury liability will cover all legal costs and injury claims. If you’re looking for auto insurance company recommendations, try asking at your local body shops. Technicians at body shops often work with customers’ insurance companies. They can most likely explain which ones handle things better than others.
As soon as another driver living under your roof buys an insurance policy of their own, make sure they are removed from your policy. This will ensure that your premium payments are reduced accordingly. For example, once your child gets his or her own policy, take him or her off of your policy. The insurance companies set the rates based on the number of drivers in your home, so by reducing that number, you can pay a lower premium.
To get the lowest possible insurance premium, choose the highest possible deductible. High-deductible insurance isn’t very useful if you get into a fender bender, but it can be invaluable if you get into a major accident. High-deductible insurance is also a good idea if the car is worth less than even a low deductible would cover. Think twice about spending big bucks for after-market equipment for your car. You do not necessarily have to have seats that are heated or a booming radio. If you get in an accident and total your car, or if it’s stolen, the insurance company will only pay you for the value of the car, which does not include any after-market equipment.