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What Is Comprehensive Insurance?

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Comprehensive insurance is a coverage that helps pay to replace or repair your vehicle if it's stolen or damaged in an incident that's not a collision. Comprehensive typically covers damage from fire, vandalism or falling objects (like a tree or hail). If you're financing or leasing your car, your lender likely requires comprehensive coverage. If you own your vehicle outright, it's an optional coverage on your car insurance policy. WHAT IS COVERED BY COMPREHENSIVE INSURANCE? Comprehensive helps cover damage to your car that's not the result of a collision, such as: Theft Vandalism Fire Natural disasters (like a hurricane or a tornado) Falling objects Damage done to your car by animals A civil disturbance (like a riot that results in damage or destruction of your car) COMPREHENSIVE COVERAGE DEDUCTIBLES AND LIMITS When you purchase comprehensive coverage, you will select a set deductible, which is the amount you pay out of pocket toward a covered claim. Let&#

Cheat Sheet: How To Get The Best Car Insurance Deal

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Cheat Sheet: How To Get The Best Car Insurance Deal Who knows car insurance better than a car insurance agent? Very few. The problem is if you reach out to a car insurance agent and ask what's the best insurance for me—they are paid based on the cost of the premium!1 That's why we wanted to do the digging for you. We compensated our agent for their time,2 on a consulting basis, in order to get the truth. Step 1: Get Your Leverage From Another Provider This is the most important step because you need to "arm ourselves with leverage in the negotiation." In this step, you need to find a provider who will offer you a better deal than your current provider. It's not hard considering the average American is overpaying by $368 due to price optimization (those who stay with their provider longer, pay more).3 One of the biggest opportunities is in discounts. Discounts are often advertised, but unless you bring them up, they try to avoid giving them to yo

What is 'Auto Insurance coverage'

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What is 'Auto Insurance coverage' An Auto Insurance coverage is a policy purchased by vehicle owners to mitigate costs associated with getting into an auto accident. Instead of paying out of pocket for auto accidents, people pay annual premiums to an auto insurance company; the company then pays all or most of the costs associated with an auto accident or other vehicle damage. BREAKING DOWN 'Auto Insurance coverage' Auto insurance premiums vary depending on age, gender, years of driving experience, accident and moving violation history and other factors. Most states mandate that all vehicle owners purchase a minimum amount of auto insurance, but many people purchase additional insurance to further protect themselves. A poor driving record or the desire for more complete coverage will lead to higher premiums. However, you can reduce your premiums by agreeing to take on more risk, which means increasing your deductible. In exchange for paying a premium,

Let's Learn More About How to Get Cheap Auto Insurance

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Let's Learn More About How to Get Cheap Auto Insurance Do you have the right car insurance? Well, many people think that it is a must to have the right car insurance. It will be better if you get the best one with cheap auto insurance. While most people know whether they have liability, collision or comprehensive coverage, some people pay much attention to their insurance coverage until after they have been in an accident, the others just do not really care about it. Shopping for car insurance is an important planning topic that is often overlooked since most teenagers are added to mom and dad's insurance policy when they first get behind the wheel and then later shop for the least expensive policy when they have to the pay the bill on their own. In this article, we will be discussing car insurance coverage and so you will get some tips to help you get the most for your money. Cheap auto insurance has two primary benefits. The first one is protecting your assets a

How to Choose Cheap Auto Insurance

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How to Choose Cheap Auto Insurance - Car Insurance Cheap Choosing the right auto insurance policy for you and your family can take a little work in order to ensure you have the right policy for you. Just because a policy is cheap it may make it attractive, but you will not have the correct coverage for you and your family. In this article I will five you some simple tips for choosing the correct policy for you and your family. First, it is important to know exactly the kind of coverage you need. It is good to do some homework and compare the different plans based on your age, driving record, where you live and the age and type of car you have. Second, the web is a great place to gather the information you may need to make an intelligent decision. The web offers the opportunity to work with companies and individual agents to give you quotes. It is a fast way to compare the different premiums. Third, you may want to check with friends and relatives if they like their insurance a

5 Quick Tips to Save Money on Auto Insurance

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5 Quick Tips to Save Money on Auto Insurance The start of the New Year is a time when people’s thoughts turn from parties, feasts and vacations to fresh beginnings, healthier living and improved money management. According to Statistic Brain Research Institute, money-related resolutions accounted for 42.1% of New Year’s Resolution for 2017 and making better financial decisions was the third most popular on its list. Budgeting, paying down debt and building your savings account are all important ways to be fiscally responsible. Making some simple adjustments to your auto insurance policy may also help you save money to put towards achieving your financial goals in 2018. Here are five quick insurance tips that could save you some money. 1. Bundle Your Policies. Do you have an auto insurance policy with one company and a homeowners or renters insurance policy with another? Bundling your policies not only makes things easier by having everything in one place, but it may also

Types of Auto Insurance Coverage

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Types of Auto Insurance Coverage Established by provincial and territorial governments, mandatory auto insurance​ is the minimum amount of coverage every vehicle owner must have. Additional auto insurance coverages you may consider include: ​ Collision Specified perils Comprehensive All perils Collision Your vehicle flips over on the road and is damaged. You lose control of your vehicle on icy asphalt and hit a guardrail. This coverage pays for damage to your vehicle caused by upset or a collision with another object. Specified Perils Your vehicle is stolen and never recovered or recovered with substantial damage. Fire engulfs your next-door neighbour’s house, spreads to your garage and destroys your insured car or truck. Specified perils pays only for losses caused by perils specifically listed in your policy. These perils are: Fire Theft or attempted theft Lightning Hail Rising water Earthquake Windstorm An explosion, riot or civil disturbance The fall