Auto Insurance: Protective Car Policy

2007-03-08 10:33:40

( Insurance )



BASIC TO EXTENSIVE COVERAGE

Our government makes the purchase of an auto insurance mandatory for all existing car owners and for those looking to buy their very first vehicle. Auto insurance is a provision that protects the car owner from having to shoulder the repair or replacement costs in case the vehicle is damaged or stolen.

There are many types of car insurance depending on the benefits and coverage you want to avail of. Inexpensive auto insurance provides the most basic in terms of coverage benefits but inexpensive auto insurance is good enough for most people, especially for those who replace their cars as often as newer car models hit the market.

INSURANCE CONSIDERATIONS

Ultimately, the cost of auto insurance is dependent on the type of vehicle being insured. Auto insurance companies will look at the model of your vehicle and make an estimate based on how much it will cost to have the vehicle repaired or replaced as the case may be. Of course, more expensive car models will require higher auto insurance premiums. Consequently, it is much easier to find inexpensive auto insurance for cheaper and older cars.

Another consideration for auto insurance companies is the history of claims made on that type of car. Some companies have had more history of claims on a certain vehicle model. In this case they will charge higher premiums for that type of car, regardless of how much the other insurance company is charging you for the same type of auto insurance.

Better to shop around until you find an auto insurance company who is willing to give you the auto insurance coverage you like at the price you can afford. Be wary though of auto insurance discounters who will make promises they cannot deliver just to get your business. When the inexpensive auto insurance promise is too good to be true, better tread slowly and carefully.


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