Do you Need Car Insurance?

Car insurance is something that we all need to have but don’t like paying for it because if you’re a safe driver it almost seems like a waste of money paying your car insurance premium every month but when you do have an accident or get pulled over by a police officer it’s better to have it than not have it.

There are many types of car insurance premiums that cover different things. You can get a car insurance premium that covers the theft of your vehicle, damage from natural disasters, bodily injuries sustained from accidents and so much more.

Car Insurance 101

Have you ever bought your dream car and then went into shock once you realized how much it would cost to pay your car insurance premium every month? It is true that car insurance companies charge more to ensure ‘high profile’ vehicles like a brand new Mustang compared to a brand new Dodge Caravan. This is a harsh reality but true because car insurance companies know that the odds of you getting into an accident with the Mustang are higher than you getting into an accident with the Caravan. Another thing that affects the cost of your premium is the color of the vehicle that you choose. The color red is a classic color that insurers charge more to insure because they know that people are more likely to speed in a red colored vehicle compared to a dull gray colored vehicle

How can you Save Money on your Car Insurance?

There are a variety of different factors that go into how much you’re charged for your car insurance including choosing a car that is more expensive and at risk for being stolen, driving long distances to and from work, traffic violations, accidents, your age, sex and marital status are also factors as to how much you’re charged for your car insurance.

If you’re interested in getting cheap car insurance it’s important to ask yourself if your vehicle is worth full coverage or limited liability coverage. By choosing limited liability coverage you can save yourself money every month. Just make sure that the coverage you choose meets the requirements of the state that you live in because some states now require full automobile coverage regardless of the make, model or year of the vehicle that you drive.