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Getting used car insurance policy you will not regret


Buying the right type of coverage is a tough task for any car, especially a used car. More often than not, people end up buying used car insurance in a hurry and then regret their decision because their either paid more for their policy or they purchased a policy that does not meet certain requirements they are looking for. If you want to avoid any faux pas and ensure you pay the right price of the best coverage for your used car, here are some tips that can help you along the way.

First of all, understand whether you need an extensive coverage such as a comprehensive or collision coverage for your car. If you car is expensive and does garner attention easily, then such a coverage may prove to be a wise choice. However, if the car is years old and does not fetch a high value in the market, then basic coverage such as the liability coverage or the third party coverage is a better option. The basic coverage will cover the state specified minimums and a few other features that can offer financial respite in the eventuality of any accident.

Increasing the deductible on the used car insurance coverage will also have a significant impact on the overall cost of the policy. The deductible is the amount you will have to pay upfront before the insurance company processes your claim. Make sure you choose a deductible that is within your reach. Do not opt for very high deductibles just to lower the premiums. Have a realistic understanding of how much you can contribute from your end in the case of any accident and then set the deductible accordingly.

If you are buying used car insurance for teen drivers, make sure you avail the discounts that are designed exclusively for them. The good driver discounts are for children who have an average grade point of 3.0 or more. The occasional driver discounts and “away at school” discounts can also bring down the overall cost by a great extent.

Another way to reduce the cost of used car insurance is by fitting your car with safety devices that minimize the chance of accidents. Auto insurance providers consider this to be the traits of a responsible driver who values their lives and the lives of others on the road and hence offer higher discounts.