Types of Auto Insurance  

Bodily Injury Auto Insurance

Bodily injury coverage would cover you if you were at fault in an accident and the person in the other vehicle suffered injuries exceeding their personal injury coverage. If you did not have this coverage the other party has the right to sue.

Uninsured Motorist Auto Insurance

Uninsured motorist is another coverage you may want to consider. Uninsured motorist covers you if the other party was at fault, did not have auto insurance, and you were injured (exceeding your personal injury coverage).

Comprehensive Auto Insurance

Comprehensive coverage would cover your vehicle in the event of fire, theft, vandalism, hail storm damage or any natural causes minus the deductible you agreed upon when purchasing your insurance. A good way to lower comprehensive is to pick a car with a low theft rate. Put another way, drive a car that no one else wants.

Collision Auto Insurance

Collision coverage would cover physical damage to your vehicle, if you were at fault in the accident. The insurance company would pay the actual cash value of your vehicle. If your vehicle is financed, comprehensive and collision coverage are possibly are required by your lending institution.

Extra medical payment coverage can also be provided if you are interested.

Lowering Your Insurance Premium

Males pay more than females. The middle-aged pay less than the young or the old (ages 25 and 56 seem to be landmarks). If you want to decrease your rates, it helps to move to a better neighborhood (less theft and/or traffic congestion) or get married.

Choosing the car car you drive is a consideration. The lowest rates go to the most bland vehicle types – minivans and low/mid-priced sedans.

The cost of the car, will play a major role in cost of insurance.

Getting involved in a crash (even ones that aren't your fault) can raise premiums. The label of "high-risk driver" stains your record, typically for about three years.

Don't get tickets. Insurance companies look for any excuse to raise those premiums.

Don't over-drive. Risk increases with exposure and premiums increase with risk.

Cover your kids under your policy. Do not make those risk-prone minors the primary driver of any car.

Get a car packed with safety features like air bags, antilock brakes, traction control, and stability control.

Shop around for the best carrier.

Pay your bills. It might not seem fair, but at many companies, insurance premiums vary with credit scores.

Take a class. Many insurance companies will give you a discount if you attend a defensive driving class.