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7 Things You Need to Know About Your Car When Buying Auto Insurance!

When it comes to automobile insurance, it is in everyone’s best interest to learn as much as possible about the auto insurance market. Knowledge brings power, and in this case we are talking about the power to make choices that ultimately benefit you. With this in mind, here are seven important details which you should consider when looking for an auto insurance policy for your new car:

1. Determine how much it would cost to repair it. If it happens to be a fancy foreign car with a hefty price tag, it will cost you # images (11)accordingly to repair it. And this will ultimately translate into higher premiums for your auto insurance policy.

2. Make sure that your car is not a prime target for thieves. This is obviously related to the first point. A fancy car will set you up with high insurance rates also because it is more likely to be targeted by car thieves than a more modest vehicle.

3. If you drive for work, make sure you get an appropriate policy. There are insurance policies that specifically cover work related driving activities. A personal policy may not cover these activities.

4. Never, ever lie. If you keep your car in a garage rather than outside, chances are that you will get slightly higher rates for your policy. However, if you lie about this, you risk getting much higher rates for being caught lying, or even being labeled as uninsurable.

5. Consider looking for an insurance policy that covers car rental as well. If you need to rent a car after having an accident, it is preferable that you have a policy that covers a car rental since your finances will probably be stressed enough without having to pay for that too.

6. File claims only when they are justified. Minor bumps no not qualify as “damage” in auto insurance terms, and using irrelevant incidents as reasons for making claims will likely set you up for higher rates.

7. If it is red, it does not matter. Contrary to popular myth, having a car that is painted red will have absolutely no influence on your premiums. The only situation where this might matter is if you have a fancy car, but then it would not matter even if it was green or yellow, it would still get you higher rates.

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