Me and My car stories

Life in modern life is so costly. Many people always ask him / her self how to reduce monthly cost and other fixed cost like insurance. Insurance can be costly but still one of the wise decision to spend money, car insurance for example. Similarly to buy other things it is better to make a research for comparison and search for every discount we may take. In simple ways we get a low rate by driving a “low profile” car equipped with anti-theft and money saving features, adjusting our coverage, gets the entire discount we qualified, and of course make rates comparison between companies.

Equip the car with anti-theft system like immobiliser can reduce insurance’s cost. Some company offer costumer a discount if they have this kind of equipment. Discounts usually are provided for low risk occupation, for safety features, combined risk, and ask for higher deductible.

What is a low risk occupation? For car insurers low risk occupation is the kind of job that has less chance to wreck their car. For example is a technician. This is a simple logic. Because the company will less likely to pay for the accident that less chance to happen. Safeties features can get you discount because safety feature like Anti-lock Braking System is made to avoid accident; standard features like automated seatbelts and airbags are also rewarded. Also a cheap way to get lower insurance rates is to take combined insurance. For example insurance for the house might be combined with car insurance. But different companies will offer different products, make sure if your previous insurance have this kind of facility. A deductible is the amount of money you have to pay before the insurers paying the rest of the total cost. The illustration is like this. You set the deductible is $1000. One day you had an accident that cost you $2300, you will have to pay only $1000 and the rest, that is $1300, will be paid by the insurers company. So when you had a major accident and having a big cost, you will only pay less then actual cost. The kind of the car can also lower your insurance rates. Cars that classified as premium car, high performance car, expensive to repair will lead you to high insurance.

Do you have a non-owner car insurance coverage? What is that and why? Non-owner car insurance is car insurance for people don’t own their own car, but occasionally rent or borrow one. This insurance is rising because many car owners’ gives up their car due to the daily and maintenance cost for car. But occasionally they will still have to drive occasionally, like driving friend’s car or one long trip. The coverage of this kind insurance includes body injuries, property damages and legal fees when you injured or kill and damaging other people’s car or property in the accidents.

When you borrow some one’s car it doesn’t always means that you will be covered by the car insurance also. If an accident happens and the cost is more than the coverage liability, you as the drive are liable to pay for the differences, no to mention for the injuries and damage cause by you, plus all legal fees.

How to get an inexpensive non-owner car insurance coverage? Research any information related to the insurance. Information is strength, don’t make a decision without. With the help of internet you can do the research cheaper and less time consuming. Internet provides you with various insurance companies listed and some sites even do the comparison for you. So finding inexpensive non-owner car insurance is not trouble some after all.

The process of getting result of comparison is quite simple. The sites will provide quotes, rates, coverage and other to be compared. But the decision is still in your hands that is why more little time should be spend to get the best deal.

A non-owner car insurance coverage will takes over only after the car owner’s liability has been used before. So common practises like; adding teens to the existing policy by the parents will not save much money.

If you rent cars for more than 10 days a year purchasing non-owner insurance coverage is cheaper than the insurance used by rental agency.