Know the Car Insurance Tricks Hidden in your Policy

Living can be very expensive. As a result, many of us – naturally so- look forward to bonuses, pay raises and possibly even winning the lotto. Since this may not be an option for all of us, we look for discounts and cut coupons. In this same mindset it is important to know the car insurance tricks that might be causing you to pay a higher rate.

1) Why is my car insurance quote from Company A so much higher than Company B? Of course, there may be many reasons for this but one you may consider is your credit score. If your credit score isn’t in the greatest shape, you might notice an increase in your car insurance rates. This car insurance trick may not cause you hefty rates everywhere. In fact, not all car insurance companies check credit scores. You may want to ask your agent before moving forward.

2) Do I need Collision Insurance? It may be best to know the various car insurance types before heading into a policy by conducting a car insurance quote comparison. If you are not familiar with a term, you may want to ask your agent what it is for. Collision insurance helps cover expenses in relation to your car as a result of an accident. The company generally pays you the actual value of the car. If you have a beat up lemon, you might only need the minimum.

3) What is Gap Insurance? Car insurance tricks hide in the technicalities. If you have a brand new car, you might want to consider Gap insurance to help prevent a big bill in the event your car is totaled. If your car insurance only helps cover part of your outstanding car loan, Gap insurance may help cover the remaining balance left over.

4) What are they talking about? The biggest car insurance trick begins with an uneducated customer. When reviewing your policy and/or claim ask questions. Know what your policy contains and have all the information on your car ready at the time of the claim. Being prepared might be the most important step.

No one wants to be a victim of car insurance tricks. Taking steps towards choosing the right car insurance could start with reading and understanding your policy carefully.

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