Vehicle Insurance- When Driving Safely isn't just Enough

2007-03-08 10:33:40

( Automobiles )



With the prevalence of road accidents everyday, it is not merely enough to take the wheel with caution. It is always a good idea to invest in a comprehensive vehicle insurance.

A collision and comprehensive vehicle insurance is a worthy investment. It rids you of shelling out thousands of dollars for added liabilities in case your basic vehicle insurance coverage is exhausted. With this, you won’t have to shell out from your own pocket other costs that may be incurred after an accident, for example the increased liability award if you are found to be “at fault”, or huge medical bills for your injuries.

The cost of car insurance varies from one country to another but in the US, it is normally the state insurance departments that set the least amount of liability or medical coverage. Thus, the minimum cost of car insurance in Florida differs from that of other states. However, considering the additional liabilities you might have to pay after an accident, the minimum vehicle insurance rate may not be enough.

If a job requires you to drive a lot, or if you are a mature driver, a vehicle insurance with excess liability policy is a must have. So when your basic coverage is drained, you still have an umbrella for additional charges. You might also consider car insurance for teens. A short term car insurance will work well for teens who are recent drivers.

Additional premium for comprehensive vehicle insurance is computed based on the make and model of the vehicle, as well as the prevailing cost of repairs and replacement per state. Overall safety records of the vehicle and its features which help prevent or lessen injuries, may also be looked into by the insurers in determining the premium for vehicle insurance.

While it is a good idea to insure newly- released vehicles or second-hand cars, it might not be so for older cars. It is not wise to pay for car insurance coverage that amounts more than ten percent of the old car’s prevailing market price.


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