Comments on: 7 Types of Car Insurance: Which Ones Do You Really Need?

By: Matthew Pavlica

Matthew Pavlica — Sun, 09 Oct 2011 07:22:01 +0000

Great article, here are several tips from me on how to get cheaper car insurance:
- Use insurance comparison sites to find a better rate. That means once you register you’ll receive a lot of offers from many insurance companies.
- Ask for group discounts. Get as many insurances as you need from the same company.
- Stay insured. If you cancel your plan even for several days, some companies may consider you as high risk and you may need to pay more next time.
- Car security devices. Any extra security measures you take to deter thieves from stealing your car will further decrease the risks you pose to the insurance company.
- Good driving records. This will definitely lower your price.

By: Patricia V Gomez

Patricia V Gomez — Wed, 27 Jul 2011 23:42:02 +0000

What is the difference on Deductible Other Than Collision and Deductible Collision? And which is best to pick? We own a 2001 Ford Exployer and is paid for and a 2009 Chevrolet, and we still owe $9800.00. Which is best to carry? One or the other or both?

By: melissa

melissa — Fri, 05 Nov 2010 14:30:25 +0000

Don’t forget that when shopping for a new car, most lien holders will require you to carry comprehensive and collision coverage with a deductible not greater than $500, so check with your insurance agent for a quote before your purchase a vehicle that will be financed to make sure that you can afford the premium.

By: Buy Groceries Online

Buy Groceries Online — Sun, 04 Apr 2010 20:09:29 +0000

Don’t forget that you can act as your own ‘first line’ of car insurance, by having a safety net savings account.

Instead of having a low deductible with higher premiums, you can opt for a higher deductible to get lower premiums.

If you don’t make a claim, then you saved a lot of money. If you have a small accident, you can choose to simply pay cash, so it’s stays off of your insurance claim record to prevent higher premiums in the future.

And if you have to make a claim and pay the higher deductible, then most likely you will have still saved money that year.

In 27 years of driving, I’ve never made a claim, so this strategy has saved me a lot of money.

By: CarInsuranceQuote.net

CarInsuranceQuote.net — Sun, 04 Apr 2010 03:33:20 +0000

It’s important to discuss specific policy coverages with your agent and/or company. If you have an older vehicle for example and you’ve been involved in multiple accidents, you might consider carrying full coverage. If the car is old, the premiums will be cheap, but it will be even cheaper to pay the deductible than to donate the car after an accident and have to find a new one.

By: Double My Net Worth

Double My Net Worth — Sat, 03 Apr 2010 13:04:43 +0000

Having been in 9 car accidents myself, I certainly have seen the benefits of car insurance as well as the downsides. For example, I just had paid off a 3 year old car bought brand new a week before it was totaled in a no-fault state.

As a result, I lost more than 50% of what I paid for the car. I know the value of the car depreciate but it does not justify the high premiums I paid for in that state. MA is even worse when it comes to insuring your car. All the major carriers, State Farm, Progressive, etc… won’t even touch MA.

However, yes, I do agree with you, the older the car, the less it is worth making collision insurance optional. Do keep in mind that your deductible also reflects the cost of premiums and repairs. Even if you have an accident (where a rock falls off the dump truck on the Interstate and smashes your headlight before proceeding to ding the hood of your car) and it cost less than your deductible, always inquire whether the other party’s insurer will cover the cost before shelling out your own money because your own insurance carrier won’t pay until the costs exceed your deductible by a penny.

By: mcshaun

mcshaun — Fri, 02 Apr 2010 00:51:43 +0000

Some will offer packages that may save you money, while others will offer packages that will have you paying for types of car insurance that you may not need. Besides premium rates, see how much coverage you are getting and find out about limits, restrictions and any additional fees

By: jerry

jerry — Fri, 02 Apr 2010 00:01:44 +0000

I know that car insurance has saved my bacon more than once, although I did not have uninsured motorist insurance when I was hit by a guy who decided to take off after crushing me into a row of parked cars, and it was really frustrating. I didn’t even know that was an option (the uninsured coverage part, not the hit and run part.), and it leads me to believe that it’s important to know all of the options.
Jerry

By: basicmoneytips.com

basicmoneytips.com — Thu, 01 Apr 2010 11:41:52 +0000

Liability insurance is of course the minimum you can have. However, one thing I would mention about that is the medical coverage limitiations. There is usually a state minimum that is set, such as $25K. That means should you cause an accident, the insurance is only going to pay $25k worth of someone’s medical bills. Most people who just carry liability just take the state minimum allowed amounts and go on about their day.

With health care costs, $25K is not a lot these days. Also, there is always the chance the accident can be bad.

For usually just a couple dollars a month you can up that level to a figure such as $100K. Personally I think it is well worth it.

By: Cd Phi

Cd Phi — Wed, 31 Mar 2010 19:39:17 +0000

Informative post. Car insurance is really expensive if you don’t know which insurance you should get. There are many things that can reduce your car insurance premiums as well such as things like good student discount and good driver discount. You just have to ask to make sure you can get the best possible premium.