Friday, February 6, 2009

Which Is More Secure: Your Job Or Your Car?

By Susan Tanner

Security is a major concern with the current ecomonic problems in the United States. Job security is of utmost importance to many people right now. But what about security for the vehicle that takes you to and from that all-important job? Car insurance provides a measure of security for your transportation.

With so many car insurance companies out there, you may ask which one offers the best plan or value for your car. This is the main reason why it pays to get several quotes from different companies on the cost of insuring your car. Compare the rates and then decide which one is best for you.

Do not be easily moved to purchase insurance by signing with the company that has the lowest premium. You must consider a few other factors before making your decision. Think about how many drivers are going to be legally driving your car and their ages. Does the car have any safety features that will discount the premium? Will the insurance cover the cost of the loan for the car if it is totaled? Do you want full coverage or only partial liabilities? You also need to know the your specific stateas insurance regulations concerning automobile insurance.

If the insurance company is covering only one driver, a middle-aged person, any insurance company will have numerous rates for that. But what if there is an 18 year-old wanting to drive the car? Multiple drivers with different ages can be more costly. Exploring multiple quotes is essential here. What do the different companies have as far as rates for a teen-ager? It is necessary to cover all possible drivers, which can make the rates higher with some companies.

Some insurance companies offer discounts if the car has air bags, anti-theft devices or even safety belts. While safety belts are pretty standard, don't forget to check with each company to see if having them will lower the rate. Many of the standard features of newer cars will help with the discount, depending on the company doing the quote.

If the car is being financed as opposed to leased, pay attention to the terms of the insurance plan when it comes to accidents. If the vehicle is totaled, a good insurance plan will cover the remaining debt of the loan for the vehicle. Be sure to shop around for this option as many insurance companies do not offer this.

As an insurance customer, be mindful of the available coverages and limits of liability. Make sure that the amount you will pay in the case of an accident is one that you can afford. Additionally, your state may require a certain liability minimum for the customer. Your insurance company may not necessarily know your specific stateas regulations.

In summation, knowledge is power and so is comparison when shopping for car insurance. As a result, you will likely get a suitable premium and acceptable plan coverages for your vehicle. Review what each quote entails and donat make any impulsive decisions without doing so. Opting out of insurance can be quite a tragedy if you disregard what the great offers available from the insurance carriers. Car insurance is one peace of mind that you can appreciate in insecure times like now.

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