When shopping for every product or service, it’s important to do your research and ask questions to ensure that you get the best deal. Car insurance is an essential expense if you own a car, whether you live in Florida or Phoenix, but that doesn’t mean that you can’t negotiate a fair price on the coverage that you need.
Most of us only have a basic understanding of our car insurance policy. We assume that it will cover us when we need it, but there are more critical things in our policies that should be understood before we buy. Asking questions before signing on the dotted line for a car insurance policy will give you a better understanding of your coverage.
You may have just bought a new car, or feel like it’s time to start shopping around for the cheapest car insurance Florida or Phoenix has to offer so it’s important to do your research. Let’s look at a few critical questions that you should be asking when you are shopping for new car insurance.
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Questions To Ask Before Shopping For A New Car Insurance
Will My Policy Cover Other Drivers?
Most drivers assume that their insurance policy covers any damage done to their vehicle, regardless of who is driving. In fact, each state has its own rules about driver responsibility and insurance companies vary on their coverage. Ask your broker whether another driver will be covered in your vehicle, or what coverage you have if you are driving someone else’s vehicle. Never assume that coverage is in place in these situations.
Will A Higher Deductible Reduce My Premiums?
If you are looking to save money on your monthly premiums, a good strategy is to increase your deductibles. However, raising up your premiums may put you at greater risk in the case of an accident. You will need to set aside the higher premium amount in savings so that it will be there if you need to make a claim.
What Discounts Are Offered?
Most insurance companies offer a range of discounts, but they don’t always advertise where the savings can be found. To take advantage of some discounts, you will have to ask for them rather than having them be automatically applied to your policy.
How Will Repairs Be Done On My Vehicle?
This is especially important if you own a newer vehicle. Some policies allow for used or recycled replacement parts to be used for accident repairs. While using older parts may save you money on your policy, it could affect your resale value. Find out whether the company prefers to use newer or used replacement parts and if you have a choice about repair options.
Are Towing And Roadside Assistance Included In the Policy?
No one wants to end up having to pay for a tow truck following the trauma of an accident. This is why it’s critical to ask about towing service before you purchase a policy. Roadside assistance is separate from towing services. If you have a sudden breakdown or one of your tires blows out, you will want to know that you can rely on 24/7 roadside assistance to help you out.
Apart from the monthly cost of your policy, you may not give too much consideration to the details of your car insurance policy. It’s important to remember that not all policies are created equal and it would be a mistake to make any assumptions about your coverage. When shopping for a new car insurance policy, don’t be afraid to ask these important questions to help you get the right coverage that will protect you.
