HOW TO SHOP FOR CAR INSURANCE

In this slide I`ll give you essential tips to get the most for your money when shopping

for car insurance.

Car insurance protects

Your health

Your assets

THE BASIC TYPES OF COVERAGE AVAILABLE FOR CAR OWNERS

1. Liability car insurance covers damages for third-party property, personal injury and death-related claims, resulting from an accident you cause. This coverage is obligatory almost in all states across the U.S.

2. Collision coverage compensates the insured for personal vehicle damage sustained in a car crash. It`s required in case you have obtained a loan on the car, as the vehicle actually belongs to the bank, which doesn`t want to get stuck with a wrecked automobile.

3. Comprehensive coverage pays for damage caused by fire, theft, weather, vandalism, animal damage, falling objects, etc. It`s not required in case when car owner paid cash for the vehicle or paid off his loan, especially if its value is less than $5,000, according to the Kelly`s Blue Book.

ADDITIONAL COVERAGE INCLUDES

1. Personal injury protection/medical payments

2. Underinsured/uninsured motorist coverage

3. Towing 4. Rental 5. Gap insurance

FACTORS THAT IMPACT CAR INSURANCE RATES

Age Gender Demographics Moving violations Claims Vehicle choice Driving habits Safety devices Credit score E.t.c

CONCLUSION

Make every effort to define the amount and type of coverage you really need.

Make sure that you have carefully reviewed and understand insurance policy

before signing a contract.

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