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Sunday, September 13, 2009

Choosing A Quality Car Insurance Plan

By Brenda D. Elliott

When you are choosing a quality car insurance plan, here are some tips that may help you in the process.

Several institutions rate car insurance companies. The ratings given are based on the insurance companies ability to pay claims made against them in the future. Quality insurance companies will have received at least an A+ rating. While other companies may offer lower costs, they are a better choice for someone looking to meet the state minimum insurance requirements. Look online to find car insurance company ratings.

The second factor in choosing a quality car insurance plan is to choose a company that offers insurance plans that are important to you. For example, if you rent vehicles on a regular basis, you may want to find a company that offers insurance on rental vehicles. This can save you up to twenty-five dollars per day on auto rentals.

When buying that insurance, you will want to add collision and comprehensive damage to the policy. This pays for damage to your vehicle if you are in an accident and are at fault. It also pays if your vehicle is vandalized or stolen. This type of loss is becoming far too common today to do without this insurance.

Medical coverage for your passengers will insure that your loved ones will be able to have any necessary medical procedures paid for in full. Medical expenses can add up quickly and persons involved in accidents often require intensive care that can cost over thirty thousand dollars per day. The small charge you pay for insurance is well worth the protection that it provides.

Additionally, you will want to have adequate liability coverage to take care of injuries to persons in the other vehicles involved in an accident. Because of the rising costs of health care, state minimums for liability insurance are far from adequate. You should consider carrying at liability insurance in the amount of one million dollars. The cost difference is sometimes just a few pennies per month.

Choosing a quality car insurance plan may mean that you skip over the lowest insurance quote. Many people make the mistake of looking for the lowest price and get cheap insurance. It does not offer any of the perks of quality insurance and the amount of money you save may be very little in comparison.

Here is a way that you might be able to save the money to choose the quality plan over the other plans available. Instead of paying in monthly payments, pay for the entire policy for six months. This helps to avoid paying a monthly service charge.

If you are able to pay the policy in full the first time you purchase it, then make monthly payments to a savings account for the next time the policy is due. Pay that service charge to yourself in the form of a savings account. You may end up with enough money to buy yourself a well deserved present. Go ahead, you have earned it. - 21392

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