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Monday, May 7, 2007
Making the Most of Auto Insurance Quotes
Car insurance is highly important to our busy, rushed world. While you go about your daily business and engage in the daily grind, you would certainly want to rest assured that your car is well protected. You may also decide to look at auto insurance quotes to see what packages are available to you. In order to understand auto insurance quotes and how auto insurance can help you in different cases of emergency and need, you will need to understand how car insurance works.
Auto insurance can work on one or more of three levels of coverage. The insured party, or the person driving the car, is likely to be injured, or be the cause of injury, so money must be placed in store to protect him or her. The insured vehicle can also be damaged, or break down, so money must be invested in order to protect the vehicle and prepare it for repairs. Lastly, third parties to which the vehicle and its owner may cause harm, or that can cause harm to the vehicle and owner, also have to be covered.
When you examine auto insurance quotes, you will have to check each policy for its coverage. For instance, your vehicle can be insured against theft, damage by accident, and damage by fire, and all independently. This means that you may have to pay a higher premium for the auto insurance that you want to buy.
Premium charges are simply the collective term for the money that you put into auto insurance. The amount in premium that you have to pay will be determined by a variety of factors that affect transportation. Such factors will include the characteristics of the car, the extent of coverage of the auto insurance, the driver's lifestyle and profile, and the purpose for which the car is used. Each of these factors is examined in detail before auto insurance quotes are formulated for interested buyers.
For example, gender is a factor when premiums are calculated. Annually, women average fewer miles driven than do men, and by proportion, men have a higher rate of accident involvement. This is why insurance companies charge lower premiums for young women drivers, as compared with young male drivers. With age, however, premiums are generally the same.
Age and an existing driving record are also important factors to consider when premiums are calculated. Because teenagers have no previous driving record, they are more likely to have higher premiums, which can decrease if the young driver trains further. Rules are even laxer in the U.S.: students who perform well academically, or who live far from home, may be given higher discounts on their car insurance premiums.
As you examine various auto insurance quotes, keep in mind that the cost of paying premiums can have rewards, and is determined by various factors. However, you must also make sure that you get what you pay for. You can check this by examining the terms of insurance coverage while asking yourself specific questions. Will my car and I be insured? To what extent is third party involvement covered by the insurance? If one of my family members comes of driving age, should I add him or her to my policy?
You may also need to examine the terms of liability insurance when you review your auto insurance quotes. Some insurance companies may not protect a policy holder if he or she is driving a vehicle other than that which he or she owns. In such policies, the policy holder is covered by the policy that governs the vehicle he or she is driving. Liability coverage is also unavailable when car rentals are concerned, since rental vehicles have their own policies.
While studying auto insurance quotes, you will also need to look at what kinds of damage and accidents your premium will cover. Collision coverage is often optional, and comprehensive coverage covers accidents other than collision. Such accidents may include theft, attempted theft, vandalism, impact with an animal, or fire. You may also be offered roadside assistance coverage, or car towing coverage, which often covers towing that is done because of an accident, break down, or flat tires, among other things.
Auto insurance can work on one or more of three levels of coverage. The insured party, or the person driving the car, is likely to be injured, or be the cause of injury, so money must be placed in store to protect him or her. The insured vehicle can also be damaged, or break down, so money must be invested in order to protect the vehicle and prepare it for repairs. Lastly, third parties to which the vehicle and its owner may cause harm, or that can cause harm to the vehicle and owner, also have to be covered.
When you examine auto insurance quotes, you will have to check each policy for its coverage. For instance, your vehicle can be insured against theft, damage by accident, and damage by fire, and all independently. This means that you may have to pay a higher premium for the auto insurance that you want to buy.
Premium charges are simply the collective term for the money that you put into auto insurance. The amount in premium that you have to pay will be determined by a variety of factors that affect transportation. Such factors will include the characteristics of the car, the extent of coverage of the auto insurance, the driver's lifestyle and profile, and the purpose for which the car is used. Each of these factors is examined in detail before auto insurance quotes are formulated for interested buyers.
For example, gender is a factor when premiums are calculated. Annually, women average fewer miles driven than do men, and by proportion, men have a higher rate of accident involvement. This is why insurance companies charge lower premiums for young women drivers, as compared with young male drivers. With age, however, premiums are generally the same.
Age and an existing driving record are also important factors to consider when premiums are calculated. Because teenagers have no previous driving record, they are more likely to have higher premiums, which can decrease if the young driver trains further. Rules are even laxer in the U.S.: students who perform well academically, or who live far from home, may be given higher discounts on their car insurance premiums.
As you examine various auto insurance quotes, keep in mind that the cost of paying premiums can have rewards, and is determined by various factors. However, you must also make sure that you get what you pay for. You can check this by examining the terms of insurance coverage while asking yourself specific questions. Will my car and I be insured? To what extent is third party involvement covered by the insurance? If one of my family members comes of driving age, should I add him or her to my policy?
You may also need to examine the terms of liability insurance when you review your auto insurance quotes. Some insurance companies may not protect a policy holder if he or she is driving a vehicle other than that which he or she owns. In such policies, the policy holder is covered by the policy that governs the vehicle he or she is driving. Liability coverage is also unavailable when car rentals are concerned, since rental vehicles have their own policies.
While studying auto insurance quotes, you will also need to look at what kinds of damage and accidents your premium will cover. Collision coverage is often optional, and comprehensive coverage covers accidents other than collision. Such accidents may include theft, attempted theft, vandalism, impact with an animal, or fire. You may also be offered roadside assistance coverage, or car towing coverage, which often covers towing that is done because of an accident, break down, or flat tires, among other things.
# posted by gopi @ 6:40 AM 
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