- November 28, 2017
- By James Nick
- In Blog
Car insurance can be very expensive if you are not aware of the general facts about car. It is always beneficial to have knowledge about something which you must have so that you get the best deal. Here are some of the general facts about car insurance.
Coverage of lost items in case of car theft
When you buy comprehensive coverage you are protected against damages of lost vehicle. However, most policies do not cover the items that have been stolen or lost from the vehicle as it is done in case of home insurance.
Auto insurance and taxation policy for business user
Once it is determined that how much of time your car is used for business purposes that proportion can be deducted from your auto insurance. Flat per mile reimbursement can be taken by you to make the most out of this fact.
Ways in which auto insurance rates can be reduced
Auto insurance rates can be reduced by the purchase of a low risk, second hand or cheap vehicle. You can get information with regard to the cheapest vehicles to insure. There are discounts on the basis of the profession as well. For example, discounts on rate can be enjoyed by engineers. So can be done by those in public service such as nurses, teachers, military officers and police workforce. If your employer has a group cover policy for its employees inquire about that as well to enjoy discounts on rates. Those who do not drink alcohol can also ask for alcohol discount. In addition to this, the safety devices installed in the car can also earn you discounts.
Cancellation of policy which is not in use
Imagine a case where your policy failed to satisfy you when you needed it the most for instance, you filed a claim and you were refused. It could also be possible that the claim process was really cumbersome and you were required to present yourself several times at the assurance company to get your reimbursement. With myriad if insurance companies present you always have the option of getting cover from a new company. But it must always be remembered that the old policy should be cancelled. If you fail to do so, it would be recorded on your statement as a policy cancelled due to non payment. A bad mark shall be left on your credit rating. To avoid this, old policy must be cancelled before buying a new one.
Bundling your policies
Auto insurance is mandated by most of the states in the US. In addition to this, having home assurance is also beneficial as it also protects against unforeseen calamities. If all your policies are bundled together that is obtained from the same company you can be given great discounts. You will also be saved from the trouble of contacting different companies for different purposes. The quality service will also be provided on the basis of your customer loyalty which is a great benefit.