General car insurance is meant to give you protection in case of accidents. It covers medical expenses, repair costs and loss of income due to injury to both you and other vehicles and owners you may have hit. It is not only a legal stipulation but a necessity for all drivers.
The rates for first time buyers of general car insurance are often more than what they are for seasoned drivers. This is because a large percentage of young drivers are found to constitute the offenders in most road accidents. Since the rates you get on your insurance are based on the risks the provider perceives, for a first time buyer the rates are always higher.
Before actually picking a policy, you must do some assessment, research on quotes and get multiple insurance quotes from companies. There are several types of general car insurance policies available and each company often gives you a different quote from other companies. First you must decide what type of policy or cover will be appropriate for you. If you have significant assets and income or an expensive new car, these could be at risk in case of accidents and if you are sued. In this case you could need a full cover general insurance to protect your assets. However if you are going to be driving an old car or do not own much anyways to face the risk of losing it, you may not need a full cover policy.
Your insurance quotes are also affected by your vehicle and driving records. If you have had very few tickets or accidents you could be eligible for lower general car insurance rates. Similarly, if your car has met with lesser number of accidents, has anti-theft features and safety balloons and is parked in a garage instead of on the road, then you may be eligible for discounts even on your first insurance. If you are going to be driving away from rush hour traffic and in safe localities then you may convince the insurance provider to give you a suitable general car insurance policy with lower rates.
It must be clear to you that your accident and vehicle history will continue to influence your general car insurance from the beginning of your vehicle ownership. By taking care to keep these records clean you could do a lot to get yourself the best policies and rates.
Q: The company I have been using for car insurance since I was in my twenties went out of business. Do you have any general car insurance buying guidelines?
A: This is a question we get quite a bit and while there are no surefire answers for car insurance buying guidelines here are a few tried and true methods:
*Shop around. Compile as many quotes as you can from as many different companies, not just agents. Many independent agents have their policies written by the same larger company, so be certain you are getting quotes from different companies.
*Compare the incentive or special programs as well as the price of the policy. If you qualify for a special program you may save money even though the policy costs slightly more.
*Buy enough coverage to protect your assets, and not just the minimum required by your state.
*Ask for clarification, in writing, of any clause you do not understand in a policy before you purchase it.
The above car insurance buying guidelines should ensure that you get the best deal on an auto insurance policy and that you are covered to the appropriate amount for your particular financial situation.
Remember to compare quotes online from several different companies before making a decision on a provider. One of the easiest ways to save on auto insurance premiums is by doing some good old fashioned comparison shopping. As simple as it may sound, many drivers do not take the time to do this when they are searching for a new policy and end up overpaying as a result.