Car Accident Insurance - How to Get the Best Rate

Looking for car accident insurance? Want to know how to get the best rate with a a top company? Read on ...

Car Accident Insurance

Car accident insurance coverage, also known as collision coverage, pays for repairs to your car after an accident no matter who was at fault. If your car is totaled this coverage will replace your car.

In order to get the cheapest price on this coverage you need to raise your deductible (the amount you pay toward a claim before your insurance pays) to the highest amount you can afford. Increasing your deductible from $200 to $500 can save you as much as 30% on you premium. Increasing it to $1,000 can save you up to 40%.

Other Insurance Coverage

Comprehensive - pays to repair or replace your car when it's damaged by anything other than an accident - theft, vandalism, fire, storms, etc. You can save money on this coverage by raising your deductible to an amount you can afford to pay.

Bodily injury liability - pays for your legal fees and claims made against you if you're found liable for an accident in which other people are injured or killed. You can save money on it by getting your state's minimum coverage. But if you own a lot of assets you may want to increase this coverage to protect them from a lawsuit.

Property damage liability - pays for repairing or replacing the other person's car when you're at fault in an auto accident. Again, you can save money on this by getting your state's minimum.

Uninsured/underinsured motorist - pays for medical expenses and property damage costs when you, your passengers, or your family are hit by an uninsured, underinsured, or hit-and-run driver.

Personal injury protection - pays for you and your passenger's medical costs when you're involved in an accident. It also pays for you and your family's medical expenses if you're in another car, walking, or bicycling.

Save Money by Comparison Shopping

Comparison shopping is the best way I know to save big bucks on your auto insurance. The difference in premiums from one company to another for the same policy can vary by hundreds, even thousands of dollars a year.