Posts Tagged ‘Minimum Insurance’
Family auto insurance is a blanket term for auto insurance that protects all members of your family. If you have teenagers in your family, you know how much your insurance can increase when you add a teen driver. When you add young drivers to your family insurance policy, it becomes more important than ever to find the best rate.
Keeping Your Rate Low
To help keep the rate on your family auto insurance as low as possible, follow these tips:
* Enroll your son or daughter in a driver’s education course and in a defensive driving class. Insurance companies usually offer discounts for teen drivers who have completed these types of classes.
* Encourage good grades. Most insurance companies offer discounts to good students, meaning students with a B or better average.
* Consider getting your son or daughter a separate policy rather than adding him or her to your policy. If your child drives an older car and never drives your car, this step could save you money.
* Avoid buying your child a sporty new car or a sports utility vehicle. Opt for a safe and sturdy older model vehicle to save money on your insurance.
You also need to notify your insurance company if your child leaves home for college. Your family auto insurance policy usually covers a car that your child takes to college, as long as the parent is the registered owner. But depending on where the college is, your insurance rates could increase or decrease.
If your child is going to college in another state, you also need to make sure that your insurance coverage meets the minimum insurance requirements in that state.
The Internet Can Help
As you search for the best rate on family auto insurance, be sure to check out insurance comparison websites. On these sites you can get fast and accurate quotes from multiple A-rated insurance companies.
The best auto insurance comparison websites also offer answers to your family auto insurance questions by allowing you to talk online or by phone with insurance professionals. (See link below.)
Visit http://www.LowerRateQuotes.com or click on the following link to get family auto insurance quotes from top-rated companies and see how much you can save. You can get more insurance tips in their Articles section.
ryan@thesatellitetvguide.com
http://www.articlesbase.com/insurance-articles/family-auto-insurance-how-to-get-the-best-rate-177087.html
I’m 17 right now and don’t really need a car (I do have a license though). When I’m 18 I will NEED the car to commute to and from college. How much is it going to cost to get insured – possibly to be added to a parent’s plan?
I’ve taken driver’s ed, have a high gpa… what else can I do to lower the cost?
PS. I’ll probably be driving a 1995 Geo Metro.
I don’t have insurance now.
What’s full coverage? I’ll need it for commuting every day of the week, so I imagine that I’ll need the extensive coverage.
Can anyone offer me a dollar estimate?
The minimum insurance you’ll need is liability. Insurance rates depend upon a multitude of factors.
ZIP code (where you live)
Amount of liability coverage you want
Amount of collision and comprehensive coverage you want
Amount of deductible
Marital status
Credit rating
Type of car
Student status & grades
Your age
Driving history
Citations in the past 3 years
Work history
How car is used – to & from work or do you use it in your work.
Estimated number of miles driven per year
Distance from residence to work/schol
…and about 15 other factors
Full coverage is liability & collision & comprehensive & under insured motorist & un-insured motorist.
Collision and comprehensive is only required by your lender if you finance the car. It’s optional if you want to bear the risk of losing your car due to an accident, theft or fire. If the car has little value, then you may not want Col/Comp coverage as the cost would be more that the car is worth.
Only an insurance agent can give you a dollar estimate that’s worth anything. Contact several. Keep in mind, cheap insurance comes with a lot of restrictions that can result in denied or limited coverage. Examples may be an accident as a result of a DUI, delayed reporting of the accident, etc. Read the policy before buying.
i have a insurance for my car and i want to know if i can pay less for the same coverage (basic or minimum)
The best way to find car insurance is by checking with an independent insurance agent. They compare prices with several (sometimes many) different companies to find you the cheapest rate. And different independent agents offer different companies, so even if you check with several agencies in the same town, you could get very different results, so it pays to shop around. You can tell them what deductible you want (the higher the deductible, the lower your monthly payments will be), and they can compare the cost of several different deductibles for you as well. The deductible is the amount you pay out of your pocket if your car is damaged and has to be fixed. If you have a $500 deductible and your car gets hit and it will take, say, $2,000 to fix your car, you pay the first $500 and the insurance company will pay the $1,500 left. The word "premium" means the cost of the insurance. And the premium is based on many things, including the driver’s age, credit history, driving record, age and type of car. Like I said, it pays to shop around, and an independent agent does a lot of it for you. It beats going to any agent that only represents one company, like Allstate or State Farm, for instance. Also, the minimum insurance required by law does not pay to have YOUR car fixed in a wreck, it pays for the OTHER guy’s car to be fixed. To get your car fixed, you have to have "comp" and "collision" coverage also, and that’s when you pay a deductible. It’s good to also have Uninsured/Underinsured Motorist protection, in case someone hits you who doesn’t have insurance at all, or doesn’t have enough to fix your car, because then YOUR insurance will pay for it.