Friday 24 June 2011

Car Insurance FAQS - How to Purchase Automobile Insurance

When it comes to automobile insurance, it can be complicated to choose the best one out there when you are not familiar with what you are doing. If you are not familiar with car insurance, then you could end up making mistakes. Many times, we have seen individuals only focus on the price they will be paying each month. No matter what you do, you should never make your decision based on the price.

Sure, the price is great when it is cheap, but you also need to pay attention to the coverage that is being offered. Below, we are going to give you some car insurance FAQs.

Are we required to have car insurance?

Nearly every state out there requires you to have liability car insurance. Liability auto insurance will pay if you ever do damage to others in an accident.

States that require you to have liability insurance will be showing minimum limits that you need to stick to.

Am I required to have insurance before I purchase a new car?

autocar insurance already, then you need it if you plan on driving the car off of the lot. In addition to this, if you are financing the vehicle, the lender will more than likely require you to purchase it when you purchase the car. If you have auto insurance and you are replacing your car, then you will have between fourteen to thirty days to contact that insurance question and notify them of the purchase.

During this time, your insurance rate will be adjusted based on the new vehicle you have. You need to make sure you inform your car insurance company of your new purchase as soon as possible or you could end up driving around without any coverage.

How do we lower the car insurance rates?

First thing first, you need to search for insurance quotes and do comparisons to make sure you are not overpaying. After this, you need to make sure you get the discounts that you are entitled to. When you are shopping for insurance, feel free to ask about discounts. When you shop around and do your proper amount of research, you could end up saving money each month. The truth is that there are many ways to go about reducing those insurance rates. One would be to increase your deductibles or pay more out of pocket.


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