There are several aspects of car insurance that you may be unaware of.
Some of these things can cost you money, some can save you money, and some can actually make you money.
Because the recent influx of new car insurance companies currently operating, the competition among all of them to attract you as a client has increased tremendously.
Being aware of these factors can help you leverage yourself and your business to the auto insurance company that best suits your needs, and get the lowest rates possible from them.
Below are the three most important.
1) Sales tax and registration fees are should most likely be covered.
If you have to make a claim on a vehicle that has been totally destroyed, you are most likely owed the taxes and registration fees that you paid for that vehicle.
Be aware though, that the taxes will be paid on the valued of the vehicle at the time of the accident, not at the time that it was purchased.
2) Your personal effects will not be covered.
If you get into an accident and anything that was in your car at the time of the accident gets destroyed or broken, your car insurance policy will most likely not cover it.
While your homeowners insurance policy may, the coverage limits will be minimal.
If you are frequently driving with expensive things in your car, (like computers or work equipment), you should look for coverage options to purchase along with your standard auto policy.
3)One small claim can increase your rates tremendously.
Think twice before making a claim.
Even very small claims can greatly impact your future car insurance rates.
Find out what the policy is from the specific car insurance company you are considering, before you sign up.