Some Information About Auto Insurance Policies
Auto insurance policies are applicable to any motor vehicle that is new or old.
It helps to safeguard the owner against massive expenses that may be incurred in the future in case of an accident.
There are four types of auto insurances that are offered by most companies - • Full Comprehensive Coverage - this covers any expenses that are incurred on the entire vehicle.
These can be big or small and can be repair costs and even replacement expenses.
It is the most common type of policy found and is also the most expensive because of the fact that any and all expenses can be charged to the company.
• Third Party - this covers any damage that is done to person or property in the event of an accident.
It is not governed by the assigned blame and covers the expenses whether or not the blame was yours.
This is the most basic form of policy and in many states is mandated by the law.
• Third Party Fire & Theft - this covers only the damages sustained to another vehicle through fault of yours.
This means that if you are not at fault no expenses will be covered and if by chance you hit anything other than a motor vehicle no payments will be made.
• Special Policy - this covers only those cars that are more than 25 years old.
Its coverage is like the Full Coverage policy but under this plan the car will be allotted a limited number of miles it can travel in the year.
If the incident or accident occurs when that limit has been crossed then no money will be paid.
To get an affordable insurance policy there are a few tips that you can use.
These may help you save a lot of money on the premium - • Take multiple quotes from different companies so that you can choose the one that has the lowest premium.
• Hire an agent.
An agent can get you further discounts on the plan (if possible) and can also help you with the entire process of application and any claims later on.
• Submit proof of a good driving record.
If you have not had any accidents and have not made too many claims on the policies of other vehicles you own the company will view you as a lower risk and may reduce your premium.
It helps to safeguard the owner against massive expenses that may be incurred in the future in case of an accident.
There are four types of auto insurances that are offered by most companies - • Full Comprehensive Coverage - this covers any expenses that are incurred on the entire vehicle.
These can be big or small and can be repair costs and even replacement expenses.
It is the most common type of policy found and is also the most expensive because of the fact that any and all expenses can be charged to the company.
• Third Party - this covers any damage that is done to person or property in the event of an accident.
It is not governed by the assigned blame and covers the expenses whether or not the blame was yours.
This is the most basic form of policy and in many states is mandated by the law.
• Third Party Fire & Theft - this covers only the damages sustained to another vehicle through fault of yours.
This means that if you are not at fault no expenses will be covered and if by chance you hit anything other than a motor vehicle no payments will be made.
• Special Policy - this covers only those cars that are more than 25 years old.
Its coverage is like the Full Coverage policy but under this plan the car will be allotted a limited number of miles it can travel in the year.
If the incident or accident occurs when that limit has been crossed then no money will be paid.
To get an affordable insurance policy there are a few tips that you can use.
These may help you save a lot of money on the premium - • Take multiple quotes from different companies so that you can choose the one that has the lowest premium.
• Hire an agent.
An agent can get you further discounts on the plan (if possible) and can also help you with the entire process of application and any claims later on.
• Submit proof of a good driving record.
If you have not had any accidents and have not made too many claims on the policies of other vehicles you own the company will view you as a lower risk and may reduce your premium.