Secrets of Car Insurance
29 Mar
Car rental insurance is a common pitch given at the rental car counter. If you have your own full coverage insurance on your car, you do not need to purchase this type of insurance. It is unnecessary and you will save money by turning it down. Loaning your car to a friend could end up hurting you for such a nice offer. If that person get in an accident, it is your insurance that will cover the cost and they could raise your rates and effect your record. It will also be your responsibility to pay the deductible. Think twice before loaning your car.
Do you know that your martial status affects your rates of your car insurance? They base this idea that younger drivers are more likely to have an accident and they also feel unmarried individuals are more accident prone also. Next time you get a quote online, do two of them, one single and one married. This way you will find out which company is still using this practice.
Where you live plays a part in your insurance rate also. Urban areas will cost more because the chance for theft and accidents are higher there. Insurance companies have also found a relationship between your occupation and your risk as a driver. Those who pay the lowest in rates are: pilots, actors, artists and navigators.