Other Free Encyclopedias » Online Encyclopedia » Encyclopedia - Featured Articles » Featured Articles: Blanco Kitchen Sink - Blanco Kitchen Sinks: More Than 80 Years of Quality and Innovation to Cherry Hill Inn - Find a Cherry Hill Inn and Get Close to Philadelphia

Car Insurance Performance - How To Measure Car Insurance Performance

policy coverage look accident

Many drivers think that they’ve got great car insurance, until they’re involved in an accident or until they look at a few car insurance quotes online. Unfortunately, it can be difficult to measure car insurance policy performance, but the process becomes much easier if you’re able to carefully read and think about your car insurance policy.

A good car insurance policy should carry a low cost, but should provide enough coverage to handle all of the expenses of an accident—not just a driver’s liability expenses. Therefore, drivers should look at the amount of coverage that they buy before evaluating other aspects of a car insurance policy. This is a good way to measure car insurance performance and make accurate judgments about the value of a certain policy.

This can be more difficult than it sounds. The problem is that adequate coverage will vary greatly from one driver to the next. While some drivers may be perfectly fine with small amounts of comprehensive coverage—particularly if they drive an inexpensive vehicle, and they don’t spend much time on the road—other drivers may need much more coverage in this area to cover the expenses of a major accident. Consider the value of your car when setting the value of your comprehensive car insurance coverage. For personal injury protection, think about your health insurance and what you could feasibly pay after an accident. For liability coverages, estimate high. Your coverage is by far the most important part of your policy, so make sure that you’re buying safe amounts to ensure good car insurance performance.

Consider your deductible while you’re thinking about coverage. A good policy should have an affordable deductible, but set the deductible too low and your car insurance premiums will be too high. Again, know what you can pay, and plan around your budget and savings—don’t let a single car accident wipe out your bank account.

You should carefully read the exclusions section of your car insurance contract in order to know how your car insurance will perform in an accident. Exclusions detail situations in which your car insurance provider wouldn’t have to pay for your claim; they can be extremely important. Look for any exclusions that seem suspicious. Feel free to ask your insurance agent about them, and if they seriously compromise your coverage, be ready to cancel your coverage. There’s no sense in paying for car insurance coverage that won’t cover the costs of an accident due to a strange exclusion.

Another way to judge car insurance performance is to know what rates your insurers’ competitors are offering. Your car insurance performance isn’t exactly good if you’re overpaying, so take a few minutes every few months to look at car insurance quotes. There are many websites that allow you to look at dozens of quotes at a time from a variety of different car insurance companies. Use these websites to check your premiums, and if you’ve been overpaying, you should ask your insurance provider for a lower rate. If they’re unable to offer a lower rate, consider severing your ties and starting a new car insurance policy with a new provider. You can also get special discounts from some insurance companies. Ask your agent for specific details about discount programs, and if they offer them, take any necessary steps to take advantage of these programs. Get comfortable talking to your car insurance agent. You’ll likely need their help at some point down the road, and talking to them frequently is a good way to find preferential rates and special deals.

If you’re going to buy a new car insurance policy, always check the insurer out thoroughly, taking time to look at customer satisfaction rates. Good car insurance performance means low premiums from a trustworthy company that can help you with your insurance questions. As you gather quotes, be sure to keep that in mind, and you’ll likely end up with a policy that you can be completely comfortable with.

Car Insurance Short Term - Car Insurance Can Be Purchased for the Short Term [next] [back] Car Insurance Line - How To Find Affordable Car Insurance Lines

User Comments

Your email address will be altered so spam harvesting bots can't read it easily.
Hide my email completely instead?

Cancel or