Cheap car insurance; a good example for oxymoron.

This interesting article addresses some of the key issues regarding car insurance. A careful reading of this material could make a big difference in how you think about car insurance.


Whenever you think about car insurance you already know it is going to cost a small bundle.

Not to mention those of us who have had a couple of fender benders, they certainly know that their policy is not going to be anywhere close to be called cheap.

I think that a better way to look at insurance in general is from the bottom up. What does that mean?
Well, think of how much it would cost you to have to pay out of your own pocket for the repair of two, or more, vehicles. Or even worse, what if the accident has caused serious injuries?

You see, suddenly the insurance rate you are over to pay does not seem all that expensive anymore.

Anyway, the fact that cheap insurance is definitely one of those expressions we can define as oxymoron remains. Unfortunately car insurance will never be cheap. But there are a few things we can pay attention to which, over time, may result in significant saving.

- Insurance is a product like any other therefore you know that if you buy " more " you usually get a better price, right? So why not bundle up two or three kind of insurances? Many insurance companies can cover your needs for home insurance, life insurance and car insurance.

Offering to do business for all your insurance needs with the same company leave certainly give you the leverage necessary to obtain lower rates, for all your polices.

- How prevalent accidents are you format to have in the next ten years?

The best time to learn about car insurance is before you're in the thick of things. Wise readers will keep reading to earn some valuable car insurance experience while it's still free.

That sounds like a tricky question, does it? Of course you are not planning to be involved in any business, but if you are an average driver statistics say that you commit have one accident every ten years.

If you retain a deductible of five hundred dollars your insurance premium will be low enough to save you at least three thousand dollars over a time span of ten years. There you have it! If you get your " statistical " mistake you'll have to pay the five hundred dollars deductible, but because you have bought a higher deductible, in time, you will totally save a bundle since your monthly payments are lower than what they would have been if you had chosen to buy a smaller deductible.

- Do you know that you can reach an agreement with your insurer about the amount of money you would ask for pain and suffering? Yes, it is called " Limited Tort ".

This is how it works. Whereas you agree not to request more than a certain amount of money for the inconveniencies occurred consequently to an juncture, your tabloid payments could be perfectly less.

You will still be able to sue and receive monetary relief if you had to go through rehabilitation or if you have lost money for you could not work for some span. You are just agreeing that you won't be asking for a few million dollars.

Check with your insurer, not all states have limited tort options, but if you live in a state that does you can save up to twenty percent of your policy rate.

So now you know a little bit about car insurance. Even if you don't know everything, you've done something worthwhile: you've expanded your knowledge.