Give Your Auto Policy A Tune-up
|
When you originally purchased your auto insurance policy, you purchased a certain type of coverage to meet your needs at that time. Since then you have probably experienced many changes in your life. Have these changes changed your auto insurance needs? Is it time to "give your auto policy a 'tune-up'"?
As you probably already know, the term 'tune-up' is usually discussed with vehicles. A new vehicle rarely experiences any mechanical problems. However, over time a vehicle's performance and efficiency levels may decline. At that time, you may need to 'tune-up' your vehicle's engine to bring its levels of performance and efficiency to an acceptable level.
As stated earlier, you have probably experienced many changes since you purchased your original auto insurance policy. Chances are you do not have to 'tune-up' your policy every time you experience a life change; however, you should review your type of coverage to make sure your policy meet your needs. When your life changes your needs will also change, you will need to 'tune-up' your auto insurance policy.
Just like a vehicle's engine, your auto insurance policy may need a periodic 'tune-up'. Again, this will happen when your current policy fails to meet an acceptable level of your needs. First, re-assess your auto insurance needs. Ask yourself questions about how your life has progressed.
How have your life changes altered your needs since you took out your policy? Do you need to insure a spouse now? On the other hand, do you no longer have a spouse to insure? Do you need to insure more vehicles? Do you need to insure less vehicles? Are there more drivers to insure? Are there less drivers to insure? Are there more dependants in your household to which your personal injury deductible may apply?
If you put comprehensive and collision coverage on any vehicles, have they aged to the degree that carrying those types of coverage are no longer worth their costs? Are there new companies in your market which offer lower rates for the types of coverage you have now? Will a new company provide better customer service? Will a different company offer more discounts and better flexibility?
Like the first time you purchased your auto insurance policy, when you go to 'tune-up' your policy, you should make sure you purchase as much insurance as you can afford that meets your current needs. You do not want to purchase so much insurance that your policy will cancel because you cannot afford the premium payments. On the other hand, if you have the funds, you do not want to purchase too little insurance that will create problems for you financially if you are involved in an accident.
Just as you were told earlier in this article to re-assess your auto insurance needs, you should now analyze your economic status. Can you afford as much coverage as you have had in the past? Or, do you have to purchase less coverage than you have had in the past? You will need to determine how much an auto accident will affect your current economic status.
Again, people experience changes in their lives. Sometimes these life changes result in a change of needs. When those changes affect your needs, you need to 'tune-up' your auto insurance policy and bring it to an acceptable level.
Visit http://www.carinsurance.com for Auto Insurance in your State.
John Machmiller is a representative of CarInsurance.com. You can visit CarInsurance.com at http://www.carinsurance.com or contact them at 1-877-327-8728.
CarInsurance.com's online insurance marketplace gives an opportunity to consumers and to insurance companies. We offer the ability to shop for car insurance online.
Consumers can receive quotes from many insurance companies, in some states you are able to purchase your insurance instantly, online. You don't have to drive your car to buy car insurance. Buy online... anytime!
|
|
|
Msa Or Hsa: Can I Keep My Msa Or Do I Need To Convert It Into An Hsa?
The Medical Savings Account (MSA) is an older form of the Health Savings Account (HSA).You cannot open a new MSA. You cannot contribute additional money into your MSA.However, you can keep your MSA as long as you like. When you retire, it will automatically turn into an Individual Retirement Account (IRA) and you can withdraw money from it then for any reason (not just medical).Or, if you don't want to keep y...(related: Insurance)
How To Match The Right Insurance Policy To The 4 Stages Of Life
As we go through life our needs change. A Young man or women with a family has very different insurance needs then the Empty Nester. Here is a guide to help you determine what type of insurance best matches your need based on the 4 Stages of lifeStage 1 While traveling the great state of Missouri one of the biggest objections I hear is why do I need life insurance. I'm young, single and healthy. That is the best time to buy life insurance. The younger you are and the healthier you are the cheaper life insurance is.When you are still young and single you may not really need life insurance but that is the best time to buy it. A small whole life policy of 50,000 or maybe 100,000 is really is good investment for a young person. As long as y...(related: Insurance)
How Do I Calculate How Much Life Insurance I Need?
Life insurance protects you and your family from economic hardship as a result of death. It is an insurance company's obligation to pay the recipient of your cho...(related: Insurance)
The Life Insurance Quote Business Is Booming, But Is The Insurance Quote Accurate?
The life insurance quote business online is booming. Not only are life insurance agents quoting a more diverse portfolio of companies, but consumers are also now able to quote life insurance online for themselves. In this article, I will analyze the impact of the life insurance online quote on the insurance industry, the insurance broker, and the consumer looking for insurance.In the not so distant past, life insurance was sold, not bought. The typical agent would travel door to door, network locally, and perhaps meet with potential...(related: Insurance)
I Was In An Accident, Will My Car Insurance Rates Go Up?
You were on the phone, got distracted and before you knew it traffic had stopped, giving you no room to stop and you rear end the girl in front of you. Or, let's say you're driving along and a deer jumps out and rams into the side of your door.
Now, let's say you need to file and claim and get your car fixed. But, are your rates going to go up?
In the first case, more than likely they will depending on how much your insurance company pays out to fix both cars and medical bills if anyone was injured.
But, in the second example, since this will be a comprehensive claim your rates should not see an increase at your renewal. Unless you have a long history of hitting deer then the people from PETA will be out to get you. Or if you fil...(related: Insurance)
Why Should You Shop Around For Auto Insurance?
How do you know if what you are paying for your insurance is a good deal? What is a good deal? Is choosing the cheapest company the best way to go? Does buying from the ...(related: Insurance)
Uk Young Driver Motor Insurance - Build Your Own No Claims Bonus Or Insure Through Your Parents
For may young drivers, affording the costs of motor insurance is an issue. With first time insurance costs running to several thousands of pounds in some instances, it is no wonder that younger motorits are looking for ways to keep premiums down.There are many legitimate ways of doing this. Young drivers shoudl look at the type of cover they need, consider the pass plus course and their first car should have as small an engine as possible to keep the cost low.However many young drivers look to insure in their parents name in an effort to make their first policy affordable.If the main driver is a young driver, most companies will insist that they ...(related: Insurance)
Mortgage Life Insurance
Owning a home is a dream for most of us, although it is an expensive one. The monthly payments usually take up a big slice of our monthly income, and the sudden loss in the event of you or your spouse's early death may leave your survivors unable to make payments. To make your family is protected from financial hardship, consider Pick-a-Term Mortgage Protection insurance.Pick-a-Term M...(related: Insurance)
Finding Fast Life Insurance
Since the widespread growth of internet usage and database building it's never been easier or quicker to find fast life insurance. There was a time not long ago that the project could drag out forever. The process began ...(related: Insurance)
site-map - Copyright © 2006 Insurance | All Rights Reserved. | Insurance