How to get lower insurance premium?
The car insurance premium for a new car will be higher than for a used car simply because of high value of the former, Also, a new car is more prone to theft. In the case of used cars, collision is is given low value. It will be interesting to note that in the case of used cars one need not pay much for collision and comprehensive insurance. The liability insurance is same whether it is a new car or used car because the damage is same.
First of all, you should know and study the car's history. This has a significant bearing on the insurance premium. It is desirable to have full coverage insurance premium for your used car. Full coverage insurance is costly and many car owners opt for the state's minimum mandatory liability insurance. But, some are required to take a full coverage insurance. Still, you can take a cheap full coverage car insurance if you could give effect to the following tips
The internet is the best source for searching for free quote about a cheap full coverage car insurance. By this, you can find the right company that gives lowest rate and good discounts. Blemish free driving record, age, the number of cars and availing of a different kind of insurance from the company will all go to diminish your car insurance premium.
If you buy a car insurance for the first time and you have availed a car loan it will be fine to get a full coverage insurance. The insurance company will pay the amount of the value of the car in the event of damage by whosoever.
Another term in car insurance is liability insurance. If you are responsible for the damage to other person's car and property, liability insurance will pay him the cost . You are not eligible for any payment for damage to your car. Most states have a mandatory minimum liability insurance of $25,000 or $50,000 . Many people think this is enough. This is a wrong notion. In an accident caused by you,if the other person claims $75000 for damages to car and property, whereas you have only $25,000 liability insurance, you have to pay $50,000 from your pocket. You can prevent this situation by doubling the deductibles so that liability coverage is more without any increase in premium.
Once you have decided car insurance needs, all you have to do is to search in the internet and choose not only the lowest car insurance premium but also a good reputed insurance company.