8 questions to pay attention to when buying car insurance

(The Epoch Times reporter Yushan comprehensive compilation report) When it comes to choosing car insurance, the easiest thing to do is to use the company that your friends use, or the insurance company you saw on the TV commercial recently. But it might not be the best deal. But blindly checking the yellow pages and picking up the phone is not a good way. Getting comprehensive information still requires you to ask a broad set of questions so that you can actually compare different insurance plans.

1) Can insurance cover those drivers?

This is an issue that many people ignore. What would happen if your 15-year-old son drove your car? Will your insurance company pay in the event of an accident? What if one of your friends borrowed your car and hit another car? If you’re self-employed and drive your car for work purposes, say, delivering pizza to customers or driving to the bank, and you end up in an accident on the road and hit someone else’s car, will your insurance company cover it? ? Every insurance company and every state has different policies and regulations, and you want to make sure you know the answers to these questions before these things happen. For this or this kind of question, you’d better ask your insurance agent if you have an accident by lending your car to someone else, or if you rent a car and have an accident, does the insurance company pay? how much to pay.

2) How much is the deduction?

If you are involved in a traffic accident and file a claim, the insurance company will most likely not pay the full repair cost, you may first have to pay a certain amount, this is your deduction, your insurance company pays the bill the rest of the. Deductions generally range from $0, $100, $500, $750, $1,000 and $1,500. The higher the deduction, the lower your monthly premium. You can lower your premiums by increasing your deductible. Taking on a higher deduction in exchange for a lower insurance premium might be a smart move, since you may never get into a car accident. However, you don’t want to set the deduction too high. If you do get into a car accident, you’ll also want to make sure you can afford to pay the deductible. Because if you can’t pay the deduction, the insurance company won’t pay to fix your car.

3) Are there insurance discounts?

Almost every insurance company offers a slew of discounts, but don’t assume your agent will automatically qualify you for the discount. You need to always ask your insurance company what discounts are currently available, and then ask the insurance company to apply the discounts you are eligible to apply to your insurance. Discounts are usually due to your car has certain safety features, such as car alarms or airbags, having a good safety driving record; a former “good student” (usually a 23 or 25-year-old who got at least one in school) B grade average); if buying other types of insurance from the same company, usually home and contents insurance. In addition, some insurance companies offer a wide variety of other discounts, such as regular garage parking, an insured car eco-hybrid, belonging to a recognized professional association or organization, or even graduating from a specific college or university. But, again, to get these discounts, you have to ask. If you ask, you may have it, if you don’t ask, you will never have it.

4) How to pay the premium?

Yes, if you can afford a car, you can afford car insurance. However, it will make it easier for you to control your budget if you pay your insurance in monthly installments instead of a one-time annual premium. Or maybe paying every three months would be a good arrangement too. Ask your agent about all possible payment options. Most insurance companies offer at least annual and six-month premium payment options. Opt for multiple payments, such as monthly premiums, and you may end up paying a few extra dollars each month. Instead, choose to pay the entire annual bill in one go, or half-yearly premiums, and the insurance company will offer a certain discount.

5) How much is your car worth?

Determining the value of a car is a problem that many people overlook. Do you particularly like cherry red sports cars or retro models? Well, you now have a little extra cash, you can buy it if you want because you like it, you can be willful! Or, you got a nice car from a private owner for an unbelievably good price. It all looks fine, but when it comes time to insure a car with a difference, and you find out that this gimmick costs twice as much as a regular sedan, it’s clearly not in your budget. Or this cheap car is of unknown origin and cannot be reported. So when you buy any car, check its value, then ask the insurance agent, do a rough insurance inquiry to see if you can afford the car and if you can afford insurance too. When buying a car from a private person, it is necessary to have complete documents and a clear source.

6) Is there a 24-hour claims service?

Having a car accident can be very stressful, even if no one is injured. Don’t put yourself in a more stressful position just because the accident happened on a Saturday night, because your insurance company doesn’t work on weekends and only pays claims on Monday. Many insurance companies now offer 24/7 claims services over the phone and online.

Also, be aware of any special requirements when submitting a claim. Generally, you only need to provide your name and address, the names and addresses of those injured or witnesses in the accident, and general information about the nature of the loss or claim. It is also very important to have your insurance policy in hand.

7) Will the insurance company pay for original parts?

Bet you never thought about it! When a vehicle is damaged, most people assume that their insurance company will pay for repairs from the car’s original (also known as “Original Equipment Manufacturer” (OEM)) parts or parts of the same quality, as well as an OEM-certified dealership cost. However, this is a risky assumption, as the parts used in the repair can be “aftermarket” parts, and aftermarket parts are cheaper, which is why some insurers prefer to use them. While some states require insurance companies to use OEM parts, others do not. To complicate matters, some insurance companies use both components. For example, they use OEM parts for safety-related components like airbags, but aftermarket parts for less critical parts like door handles and fenders.

8) Is the insurance company near your home?

Now, it seems that a lot of business is conducted online or over the phone. However, when you’re discussing complex matters like insurance, it’s actually best to meet with the agent directly. An agent who can meet also usually provides better service, so find out if they are a physical office where you can meet. In the office, you can ask them to provide you with an annual personal insurance review. An annual review helps ensure that you no longer pay for coverage you no longer need and that you always have the coverage you need.