According to the AA, car insurance premiums are on the rise again, but you can find affordable care insurance and save up to 40% by using instant quotes from multiple providers.
Let's face it. You have to insure your car and sometimes the process of choosing the right policy can be pretty overwhelming. Not to worry, we're here to help! We have a website that we endorse that provides you with important information on types of policies and outlines the most important terms that you should be familiar with before you buy. If you're in the process of switching companies, understanding what you're paying for ensures that when you switch, you're not lowering your coverage, just your rates!
Car insurance premiums do usually fall in the first 3 months of the year as it is a busy renewal time, firing up competition amongst the insurance providers to keep premiums low. This year seems to be different. Fraud, personal injury claims and legal expenses are all increasing costs. Fraud alone is significantly on the rise, up 30% as reported recently. The AA expects a rise of around 11% on car insurance premiums during 2009.
What Risks Your Auto Insurance Should Cover:
Collision Coverage. Covers auto damage from a collision with another car.
Comprehensive Coverage. Covers auto damages from causes such as fire, theft, hail, vandalism or many other events.
Bodily Injury Liability. Protects against a claim or lawsuit if others are injured in an auto accident that you or your family are considered legally responsible.
Property Damage Liability. Protects against a claim or lawsuit for any damage you may cause by an auto accident to someone else's auto or property.
Medical Payments. Pays for reasonable medical expenses, or certain other expenses resulting from an auto accident for you, your family and your passengers.
Uninsured/Underinsured Motorist. Covers injury resulting from a hit-and-run accident or uninsured driver.
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About The Author:
This article was written by J. Mark Soveign who writes for Wertheim Communications LLC as well as Mooker.Com Did you like this story? If so, vote for it on your favorite social bookmark site: |
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