When Not to File An Auto Insurance Claim and Save Money
LOS ANGELES, Feb. 1, 2018 /PRNewswire-iReach/ -- Autoinsurancequotesave.com has released a new blog post explaining when not to claim benefits for auto insurance.
Auto insurance is the most important policy a car owner needs. Carrying a minimum amount of liability coverage is mandatory in all states. Some state insurance laws also require drivers to have collision auto insurance. Besides that it is mandatory, vehicle coverage can save drivers from a financial disaster that involves: medical costs, legal fees, and various reimbursements.
When choosing an auto insurance plan, the amount of benefits someone gets is the most important factor. It is not advisable to choose a policy solely due to its low premiums. Many drivers buy a very cheap coverage plan with high deductibles and end up paying most of the repairing costs in case of an accident.
Sometimes claiming benefits is not recommended
Auto insurance premiums are influenced by something called insurability risk. This represents the likelihood of an applicant to cause an accident. The higher the insurability risk, the more expensive it will be to purchase a policy.
The insurability risk can increase if the insured claim benefits over a short period of time, has a bad driving record, a bad financial credit and an unsafe and expensive vehicle. Avoiding any of these situations is recommended as it can reduce auto insurance premiums by more than 50%.
Also, if a policy carries a high deductible, it may not be advantageous to file a claim. For example, if it costs $1000 to repair the vehicle but the policy's deductible is $1500, drivers will not be able to receive any money from the agency.
Clients can understand more about auto insurance by comparing online car insurance quotes at http://www.autoinsurancequotesave.com/.
"Sometimes, paying car repairs out of your own pocket means keeping premiums low for as long as possible," said Russell Rabichev, Marketing Director of Internet Marketing Company.
Autoinsurancequotesave.com is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.
For more information, please visit http://www.autoinsurancequotesave.com/.
Media Contact: Russell Rabichev, Internet Marketing Company, 800.475.3410, [email protected]
News distributed by PR Newswire iReach: https://ireach.prnewswire.com
SOURCE Autoinsurancequotesave.com
iReach LastName, iReachCompany, 111-222-3333, [email protected]
Share this article