One of the most important aspects of life is the ability to protect your financial assets. Traditionally if you drive and have a vehicle, you will need auto insurance in order to protect yourself from property damage or legal liability issues. There is a lot of hype about car insurance and here are some tips to make the proper comparisons.
First and foremost, make sure that your driving record is up to date. Often insurance companies look at how many tickets you have had in the last three years and if you have had any accidents in the last six years. If you have a clean record, be sure to get a claims letter of experience showing that. From there, its time to go shopping. Here are a few factors that determine your premium you will be paying.
If you are young male or female with no or little driving history, you are going to be paying big bucks for insurance. If possible to save money, try to get listed under your parents policy and thus you are considered an occasional driver, this will build up your driving experience. If you take driver training, many companies will also give this consideration.
Standard insurance policies are pretty well equal, but what is most important is the additional endorsements that you are looking to add like limited waiver of depreciation on new cars, loss of use coverage, liability for non-owned auto and most importantly family protection. Make sure to compare apples for apples with your existing carrier and any other one that you are thinking about. Often you can also get a discount if your occupation falls within what the companies are willing to qualify.
Auto insurance is often mandatory in many provinces and states, the key is to get the other little benefits included. The key is that you pay a year's premium you will save money as you don't have monthly finance charges to worry about. Combining your home and auto will traditionally give you a multi-line discount too.
First and foremost, make sure that your driving record is up to date. Often insurance companies look at how many tickets you have had in the last three years and if you have had any accidents in the last six years. If you have a clean record, be sure to get a claims letter of experience showing that. From there, its time to go shopping. Here are a few factors that determine your premium you will be paying.
If you are young male or female with no or little driving history, you are going to be paying big bucks for insurance. If possible to save money, try to get listed under your parents policy and thus you are considered an occasional driver, this will build up your driving experience. If you take driver training, many companies will also give this consideration.
Standard insurance policies are pretty well equal, but what is most important is the additional endorsements that you are looking to add like limited waiver of depreciation on new cars, loss of use coverage, liability for non-owned auto and most importantly family protection. Make sure to compare apples for apples with your existing carrier and any other one that you are thinking about. Often you can also get a discount if your occupation falls within what the companies are willing to qualify.
Auto insurance is often mandatory in many provinces and states, the key is to get the other little benefits included. The key is that you pay a year's premium you will save money as you don't have monthly finance charges to worry about. Combining your home and auto will traditionally give you a multi-line discount too.