subject: Why To Compare Car Insurance Rates [print this page] There are a lot of things in life that people have to pay for, which they wish they didn't. One of those things is car insurance. But since they're going to have to pay for it anyway, the best thing to do is compare car insurance rates, and make sure that they are getting the best deal possible.
There is an option not to have car insurance in a couple of states in the US, and in a few other countries. But not having a policy is probably a bad idea-- if you are at fault for an accident and you aren't insured, even in a state where that is legal, you could lose all your savings paying for the other person's injuries and property damage.
Policies also offer things like comprehensive and collision coverage. These are for situations that are not covered by liability coverage, but which your car is damaged in. Comprehensive covers situations such as theft and vandalism, and other damage done to your vehicle that is not related to an accident, and collision covers damage done to your car during an accident, no matter whose fault it was. These parts of the plan usually have deductibles, but can be well worth it on a newer car. Consider dumping them on older vehicles.
For some reason known only to the insurance companies, the same amount of coverage is sold for various dollar amounts, even to the same people. The criteria for receiving a certain price on a policy include your driving history, any previous accidents, your age, what kind of car you drive and how far you drive it, etc. But even for the same people asking to be insured at the same rate, different companies will charge different amounts.
Obviously, choosing a reputable company is very important. It's no good to pay a cheap rate to a company that won't or can't pay up after you've gotten in an accident. But there are lots of relatively large companies out there that are worth looking through to see if you can find a better rate.
Especially if your teenager has just started drivings, you should compare car insurance rates. For adult drivers, the differences are relatively small, but for new teenager drivers, companies with better good student and safety video discounts can save you a lot on your plan. It might be a pain, but regularly shopping your policy around will make sure that you aren't paying more for it than you should.
by: Lance Thorington
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