Car Insurance

If you have to have your car repaired following an accident it can set you back a pretty penny and if you don’t have basic third party liability insurance for your car you are breaking the law. Don’t drive without car insurance, it’s not worth the gamble, and if you don’t want to find yourself with a repair bill that you can’t afford, on a car that’s worth a fair bit, make sure you stretch to a fully comprehensive car insurance policy.

The most basic car insurance is Bodily Injury and Liability which is the minimum legal requirement for car insurance. This kind of cover won’t protect you against any kind of financial loss associated with your own car but it will provide you with the third party cover for damage to third parties and their property in event of an accident.

Unless your car isn’t worth very much it is better to take out a greater level of car insurance. Comprehensive car insurance will cover you for such things as fire, theft, vandalism and acts of god and collision car insurance coverage will pay out in the event of a physical accident which is deemed to be your own fault.

If you have a lease vehicle you might want to consider insuring yourself for any financial loss resulting from you owing more to the finance company than the current value of the car which is what your car insurance company will pay out.

No fault medical coverage is mandatory in most sates which will cover your medical costs, those of any passengers in your car and any pedestrians that you hit. Even if it’s not mandatory in your state it’s an element of car insurance that I would highly recommend you take out.

If you can’t do without your car for any period of time then it’s worth adding car rental to your car insurance. The most basic levels won’t anywhere near cover the cost of renting a car so get the best insurance that you can afford as your car could be off the road for a considerable period of time following an accident.

Uninsured and underinsured car insurance is something that everyone should consider. Although lack of insurance is something that is being actively targeted it’s still a problem and if you were involved in an accident with someone who didn’t have car insurance it could leave you substantially out of pocket and with medical expenses that you can’t afford to pay.

The cost of your car insurance will vary from company to company and depend on such things as your age, the length of time you have been driving and whether or not you have had any previous accidents or claims. You will generally be able to influence the cost of your car insurance to some degree according to the level of deductibles you choose. The higher the deductibles the lower the cost of your car insurance.

It is definitely a good idea to shop around with quite significant savings being obtained if you select the right insurance company. Save yourself some time by doing a lot of the work on the internet, it will be quicker and easier to compare polices and most car insurance companies tend to offer online discounts.

Car Insurance

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