No matter how safe of a driver you are, it's important to account for accidents that occur when you're behind the wheel. This is where auto insurance comes into the picture, as it will provide coverage for a number of situations that you would have had to pay considerable amounts for otherwise. You may know that auto insurance is important, but not some of the deeper details. Here are a few questions about said insurance that Robert Jain can answer.
"Before I buy auto insurance, do I require it by law?" Most of the United States has mandated car insurance, meaning that, depending on where you live, you must buy some form of insurance for your vehicle. There are exceptions to the rule - New Hampshire is perhaps the most prominent - and the specific plan needed will depend on your residence. Nonetheless, if you own some type of vehicle, names like Bob Jain will recommend that you invest in auto insurance.
"What, exactly, does auto insurance cover?" This is dependent on the specific plan you buy, but there are a few areas of interest worth covering. Collision coverage, for example, will allow you to be reimbursed if damage to your vehicle is beyond repair. Liability coverage focuses on injuries that occur within the vehicle, either to yourself or a passenger. Ask your insurance agent if you're curious about specific details.
"Is it true that the color of my car influences my insurance premium?" When it comes to the misconceptions regarding auto insurance, this is among the strangest. It's also one that many people believe, which is why it's important to note that color plays no part in how much your insurance premium is. The model of your car, your age, and the number of accidents on your driving record are more influential. Color is a personal preference, not an auto insurance variable.
"I feel like my current plan is too high. How can I lower it?" Perhaps the best, not to mention easiest, way is to improve your credit score. Insurance agents are more likely to work with those that have solid credit, as they will be more likely to pay the rates they offer. You can also lower the cost of your plan by driving safer. The fewer accidents you get into during your lifetime, the lower the cost of your insurance stands to become.
"Before I buy auto insurance, do I require it by law?" Most of the United States has mandated car insurance, meaning that, depending on where you live, you must buy some form of insurance for your vehicle. There are exceptions to the rule - New Hampshire is perhaps the most prominent - and the specific plan needed will depend on your residence. Nonetheless, if you own some type of vehicle, names like Bob Jain will recommend that you invest in auto insurance.
"What, exactly, does auto insurance cover?" This is dependent on the specific plan you buy, but there are a few areas of interest worth covering. Collision coverage, for example, will allow you to be reimbursed if damage to your vehicle is beyond repair. Liability coverage focuses on injuries that occur within the vehicle, either to yourself or a passenger. Ask your insurance agent if you're curious about specific details.
"Is it true that the color of my car influences my insurance premium?" When it comes to the misconceptions regarding auto insurance, this is among the strangest. It's also one that many people believe, which is why it's important to note that color plays no part in how much your insurance premium is. The model of your car, your age, and the number of accidents on your driving record are more influential. Color is a personal preference, not an auto insurance variable.
"I feel like my current plan is too high. How can I lower it?" Perhaps the best, not to mention easiest, way is to improve your credit score. Insurance agents are more likely to work with those that have solid credit, as they will be more likely to pay the rates they offer. You can also lower the cost of your plan by driving safer. The fewer accidents you get into during your lifetime, the lower the cost of your insurance stands to become.
About the Author:
If you'd care for more details regarding insurance and other finance-related subjects, contact Bobby Jain.
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