Hittrafficer.com

Car insurance is one of those things that you pay but don?t think much about, unless you need it. Nevertheless, do most people know what they bought or whether they got the best price? Absolutely not! You can protect yourself from fast talking agents if you know a little about car insurance and what to look for in a policy.

The coverage which you are required to carry varies from state to state, as does the exact wording of the regulations in states with no-fault insurance; however, it is much the same in each state.

The first part of your policy is the collision and comprehensive coverage, which covers the automobile itself. Collision covers those trees which jump in front of your car and rude drivers who put their cars in the way of yours. Comprehensive includes damage and theft (hail, falling trees and the like).

The second part of your policy covers liability - the damage done to another car when you are at fault in an accident. This coverage is shown in numeric terms, such as 25/50/10 (this means that your insurance company will cover up to 25,000/person and 50,000/accident - the 10 means your insurance company will cover 10,000 in property damage/accident.)

Medical payments are there to cover any party involved in an accident, no matter who is at fault. Your car insurance policy also covers you in case you are hit by a car while walking. If you don’t have health insurance, this part of your car insurance helps to cover medical expenses. It may also cover medical expenses which your health insurance does not.

There will also generally be coverage in your policy to account for uninsured and underinsured drivers, which covers you if someone with no (or inadequate) coverage hits your car. This part of the policy also covers hit and runs, Towing coverage can also be added to your policy if you opt for liability as well as comprehensive and collision coverage for a low fee.

Keeping a few simple rules in mind can save you a lot of money on car insurance:

1.Always get several quotes when it’s time to renew your policy. There are several Internet sites that you simply fill out the form once and they would check hundreds of companies. Be sure you always compare like coverage. Check to make sure that all quotes contain exactly the same thing you have.

2.Check for discounts with your homeowners insurance company. Sometimes they offer a discount if you carry both products with them.

3. Ask if any discounts are available. There are often discounts available for drivers who have higher premiums (such as young drivers) who maintain good grades (if students) or for those who take additional driving courses.

4. Make sure that you really need to cover your car. If you don’t have a loan on the car, you might find it cheaper to just let the comprehensive and collision part of your policy go. Compare the payments you will receive if the car gets totaled against the Kelly blue book value - If this amount is less than two years of your monthly premium, you may want to drop this coverage and use the savings for a newer vehicle. However, don’t be cheap when it comes to liability coverage; it is well worth the cost.

5. Think about getting a beater and using it for commuting and short trips. You can carry full insurance on your good car and carry only liability insurance on the beater. You can save money on your insurance and wear and tear on your good car this way.