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When you buy a new car or even a used car, it is very important that you take steps with your choice of insurance company to reach a good deal when choosing which auto insurance policy you decide to sign up for. While insurance for your car can be bought online these days, there is no comparison to actually talking to an insurance assessor and being sure that you are getting the best deal possible. Most insurance experts will recommend this.
You will also find that there are different auto insurance companies that will cover your car for different reasons and outcomes. Perhaps you are a car enthusiast and your hobby is to fix up classic older cars. If you are planning to insure your prized 1967 Ford Mustang, that you have spent years restoring to it’s former glory, you will find many insurance companies that specialize in classic cars. These insurance companies have specialized policies for all types of car lovers. This is just one example of one type of auto insurance.
If you are looking to insure your family car or your son or daughter’s new car that they bought once they passed their driving test to get their license, you will find many auto insurance choices for the younger driver. Drivers under the age of 25 will typically pay more for insurance as a person under this age is more likely to be involved in an accident. If you do your research, you will find that the statistics are quite convincing so it is understandable why insurance companies will charge a higher premium for a younger driver. Having said all of that, there are ways you can reach an agreement with an auto insurer to pay a lower premium.
One of the ways you can do this is to take out cover for multiple drivers and negotiate to pay a larger excess in case your younger driver has an accident that is his or her fault. Now if your son or daughter have been taught to drive properly and know the meaning of being a defensive driver, then the risks of your child being involved in an accident that is their fault is not as high. You should also consider that your younger driver may well be involved in an accident with someone who in uninsured.
In countries where it is illegal to drive an uninsured vehicle, this risk is lowered considerably, however in some parts of the world, it is not a legal requirement to insure your vehicle, especially in countries like Australia, as drivers are insured under third party insurance when they register their vehicles and drivers on a tight budget can also reach an agreement with an auto insurer to only insure to cover the other driver’s damage and any property damage. Some younger people who are on a tight budget can also insure to cover themselves again theft of their vehicle or in case of a fire.
While it always advisable to take out comprehensive insurance, most young drivers purchase an older car for their first car and sometimes the car just is not worth paying for comprehensive insurance given how expensive it is to insure a driver who is under 25. However, if the car is worth $2,000 or more, it is advisable to contact an insurance broker and negotiate the best deal. And, a word of advice, do not back down if you are not happy with the deal they are offering. You should ensure that you reach an agreement that you are happy with and when taking out insurance for an under 25 year old driver, never just buy a policy online. Talk to the insurance company face to face or over the phone. It is impossible to reach an agreement on your auto insurance when you buy a policy on the web. Confer via email if you have to.
The reasons you should never buy an auto insurance policy online is because there is no way you can give the insurance assessor a clear picture of your life circumstances online. Certain circumstances in your life might just earn you a discount on your premium and that is worth taking the time to talk to an assessor when you are looking to reach a good deal on your auto insurance policy.
Are you insuring a new car or does your car have extras that are not factory made. This will cost you more. To use an example, if your new automobile is a utility or a four-wheel drive, many people like to install a bull bar on the front to protect the car in case of a collision with another car or in most cases, an animal. If you are a lover of four wheel driving or what the Americans call; pick-up trucks. Many pick-up truck, utility or ute drivers (as they are known in Australia) often choose to buy a utility with a bull bar, and especially in Australia, as there is a very good chance of a collision with a kangaroo, even in the city. You might find this an unbelievable statement, but in Australia’s capital city, there are kangaroos hit and killed on a daily basis.
The damage done to the drivers car can result in the insurance company opting to write the car off. Which means that the insurance company will often replace the car with another car at the value agreed upon when the policy was taken out. In the case of a new car, insurance policies can be majorly different. You are usually paying a hefty premium for the insurance company to replace a brand new car. The above examples are merely to point out that in different part of the world, you will be negotiating your auto insurance to cover you for many different kinds of mishaps.
One last little bit of advice that you should be aware of is this; if you are insuring a second hand automobile, ask the insurance company to figure out what the market value on the car is. If it works out that this amount is close to the amount you paid for the car, then this is a good amount to agree on the insurance agency paying out should your car be damaged so badly, it needs to be written off. However, if you do not agree with the market value. You are free to choose the amount you want the car to be insured for. Obviously you need to be reasonable, you cannot insure a 1998 Ford Futura for $10,000, especially which you paid $1,000 for it. If the car is in good condition cosmetically and mechanically, then try to negotiate for around $5,000. If your car is written off, then $5,000 is enough to replace your car with a decent and probably newer car.
In the US or Australia, you should be able to get a car that is no older than ten years and is in great condition. You have think about what you would do if your car was written off, basically when negotiating auto insurance, you need to play a little game of “What if?” Think about how you would cope in a worst case scenario situation and you should be able to reach an agreement on your auto insurance without a problem.
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