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Did you know that motor vehicle collisions and other auto-related mishaps cost billions of dollars in property damage, medical and legal bills, as well as lost income every year? Yes, you read that right- a billion dollars. Car insurance is more important than you think. First of all, it’s the law, so there’s your first reason. The second reason deals with the fact of just how many people are affected by a car accident. Your coverage not only protects you and your car, but other people involved and their damage costs as well. But having coverage and forgetting about it is not enough for you, the driver. You need to have a comprehensive understanding of what specifically is covered by your CT auto insurance.
Luckily for you, we have some great tips to help you out with understanding everything you need to know about your policy and even more, possibly lowering your premiums. Here’s what the good guys over at the Better Business Bureau have to say:
Understand that auto insurance is different for everyone – Comparing the different types of insurance coverages and fitting them to your specific situation, i.e. your vehicle and your financial status. This plays a vital role in selecting the best possible policy for you.
Know your options – The cost of CT auto insurance varies considerably because it relies on information regarding yoursafety record, previous accidents, how much your car is worth, and where you live. The easiest way to lower premiums is to raise your deductible. Yes, this obviously means that if an accident were to occur, more money would come out ofyour pocket. But with a clean driving record, chances are you’ll be saving some real dough in the long term.
Find the Pot o’ Gold! Well, maybe not gold, but look for rewards from your provider for a good driving record. These can include periodic refund checks and lower deductibles. Furthermore, if you have a student driver, look for ‘good-student’discounts which will help your wallet out if your son or daughter is good in school.
Remember to read the policy and make sure you are getting all possible discounts – The more safety features in and on your vehicle, the more discounts available. These include airbags, anti-theft devices, anti-lock brakes, shatter-resistant glass, reinforced cabin structure, etc.
And finally, bundle and save! – Look around for more discounts that you can qualify for if you bundle your CT auto insurance with your home insurance or and umbrella insurance with the same insurer, like Paradiso Insurance! Give us a call today to see all the ways you could be saving money, without sacrificing an ounce of coverage!