California is a bustling city filled with never ending awesomeness and surprises. But, we also know that California is an expensive city to live with and for many years, it’s been this way. Every now and then, few surprises popped in. Today, we’re going to give you a little surprise in the form of auto insurance.
You may have told that as you grow older, insurance rates go down. This means that when you turn 25, your premium rates dwindle down. We can’t tell how much it would cost less but we’re sure that you’re going into that direction like everyone else. The reason is that most insurance companies use only the last five to ten years of your driving history and if you’ve been nice for the past few years, it’s an assurance that you’ll save money on cheaper bills. Maintaining a clean driving record is just one of the many factors that insurance companies are using in calculating your premiums. Let’s have a look at some of the other so-called factors discussed below.
Liability coverage is yet another important piece in the insurance world. During a car accident where you at fault, this is the amount that will be used to finance the expenses needed by the other party. In general, most drivers in California are only willing to pay up to what the state’s minimum coverage requires. Although this is completely legal but we’re darn serious about our advocacy to educate drivers that this amount could put your financial situation at risk. If you want better protection, it’s best to pay for additional coverage on top of the basic requirements.
Collision and comprehensive policies can give you the total protection that you need. Yet, these policies do not come cheap and for most people paying a lot of money on insurances is way too much sacrifice for just one commodity. But, don’t fret out yet, because there’s a workaround for that. Try increasing your deductibles and a lower rate slips in.
Keep in mind that you can’t simply do things as you pleased if your car is financed. You’ll need to talk to your lender about your insurance plans in order to avoid any future setbacks. It’s also possible that choosing another type of coverage lowers down the premium rates. All the same, make sure that what you’re trying to accomplish right now offers the very best protection for tomorrow.
If someone needs hospitalization, bodily injury liability settles that. This amount is used to cover medical expenses to the other party when you’re at fault. Property damages and legal expenses are covered as well.
The good news is that all the stuffs we’re talking about have deductibles and limits. If you want to save on your premiums, you just need to increase your deductibles and lower the limits accordingly.
Another thing you can safely scratch off is the roadside assistance. This benefit is usually offered if you’re being a member of a certain group. Although it only cost a few dollars each month, some people don’t actually think they would need one. If you’re a type of person who travels a lot, don’t know how to fix a flat tire or at times drives around your car to nowhere without even checking the gas tank, then you’d better keep this within reach.
Before purchasing your auto insurance in California, have a look at your driving records. If past offenses are no longer there, then you’re pretty much safe. Otherwise, expect a much higher rate than usual. Also, if you belong to the older generation, it’s better to deal with insurance companies that insure older drivers.
