Whatever the valuables you have, you need to have protection against its loss, damage, theft, etc. You can have this sort of protection if you purchase an insurance for that article. The same thing is applicable in case of Car Insurance too.
Started in UK through the Road Traffic Act 1930, now car insurance has become an inevitable part of documents pertaining to the car in almost all the countries of the world.
If you buy a Car Insurance, you need to consider a few facts so that you have right kind of coverage according to your budget and lifestyle. These are as follows:
Consult Your Friends And Acquaintances
Before you approach any particular car insurance company, it is better to discuss with your friend or acquaintances. They might have availed the insurance in past, and they will be in a position to suggest you in a better way. You may inquire about which company to approach, what is its previous record in paying claims, etc.
Also refer social media because the people who are aggrieved due to any reason with such services usually take their complaints to the social media. So, search for social media, blogs and other websites. On Twitter use the hashtag for the particular company you are considering you can also consult the National Association of Insurance Commissioners and the Center for Insurance Policy and Research to check or find formal complaints lodged against companies.
Refer State Buyer Guide
Various states from time to time release their guide for buying car insurances explaining every minute detail of damage, collision, theft, etc. and related comprehensive coverage. Get an outline of the minimum coverage required and factors influencing insurance rates/premiums, starting from driving records to the sparingly use of your car.
Compare Policies of Different Companies
You need to do a comprehensive research regarding policy coverage, rates/premiums, length of coverage, level of service, etc. Apart from searching on the Internet, contact a few companies of your choice over telephone ask relevant questions. If you have installed certain facilities in your car such as alarm, anti-lock breaks, your premium will be low.
Confirm About Add-on
After choosing an insurance provider, consider various add-ons available to your policy. The more add-on you have, the greater the coverage you are likely to get.
Go for Rental Coverage
It is advised that you think of rental coverage for your car. You can get some special benefits and discounts. In case of new and leased cars, you can get GAP (guaranteed auto protection) insurance.
After, this much research and homework, consult the car insurance company of your choice, select the right kind of coverage and drive your car with pride.