No matter how safe of a driver you are, it's important to account for accidents that occur when you're behind the wheel. This is where auto insurance comes into the picture, as it will provide coverage for a number of situations that you would have had to pay considerable amounts for otherwise. You may know that auto insurance is important, but not some of the deeper details. Here are a few questions about said insurance that Robert Jain can answer.
"Before I buy auto insurance, do I require it by law?" Most of the United States has mandated car insurance, meaning that, depending on where you live, you must buy some form of insurance for your vehicle. There are exceptions to the rule - New Hampshire is perhaps the most prominent - and the specific plan needed will depend on your residence. Nonetheless, if you own some type of vehicle, names like Bob Jain will recommend that you invest in auto insurance.
"What, exactly, does auto insurance cover?" This is dependent on the specific plan you buy, but there are a few areas of interest worth covering. Collision coverage, for example, will allow you to be reimbursed if damage to your vehicle is beyond repair. Liability coverage focuses on injuries that occur within the vehicle, either to yourself or a passenger. Ask your insurance agent if you're curious about specific details.
"I heard that the color of my car impacts the cost of my insurance. Is this true?" In a word, no. Despite what you might have heard, the color of your car has no bearing on how much you pay in terms of insurance. Some of the variables that influence how much you pay include, but aren't limited to, your age, driving record, and the model of your car. Color is a cosmetic element and nothing more.
"How can I make auto insurance less expensive for me?" If you've been paying for auto insurance, but believe that the rates are too high, it's possible to make it less expensive. One of the ways to do this is by building a solid driving record. By driving with care, abiding by the rules of the road, you will develop a solid reputation behind the wheel. This is the easiest way to lower your insurance, so if you feel like you're paying too much at the onset, you can always revisit this in a year or two.
"Before I buy auto insurance, do I require it by law?" Most of the United States has mandated car insurance, meaning that, depending on where you live, you must buy some form of insurance for your vehicle. There are exceptions to the rule - New Hampshire is perhaps the most prominent - and the specific plan needed will depend on your residence. Nonetheless, if you own some type of vehicle, names like Bob Jain will recommend that you invest in auto insurance.
"What, exactly, does auto insurance cover?" This is dependent on the specific plan you buy, but there are a few areas of interest worth covering. Collision coverage, for example, will allow you to be reimbursed if damage to your vehicle is beyond repair. Liability coverage focuses on injuries that occur within the vehicle, either to yourself or a passenger. Ask your insurance agent if you're curious about specific details.
"I heard that the color of my car impacts the cost of my insurance. Is this true?" In a word, no. Despite what you might have heard, the color of your car has no bearing on how much you pay in terms of insurance. Some of the variables that influence how much you pay include, but aren't limited to, your age, driving record, and the model of your car. Color is a cosmetic element and nothing more.
"How can I make auto insurance less expensive for me?" If you've been paying for auto insurance, but believe that the rates are too high, it's possible to make it less expensive. One of the ways to do this is by building a solid driving record. By driving with care, abiding by the rules of the road, you will develop a solid reputation behind the wheel. This is the easiest way to lower your insurance, so if you feel like you're paying too much at the onset, you can always revisit this in a year or two.
About the Author:
If you'd care for more information about insurance and other finance-related subjects, consult Bobby Jain.. This article, Auto Insurance Questions Answered By Robert Jain is released under a creative commons attribution license.
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