In today’s world of discount offers, purchasing and getting cheaper car insurance is made easy by considering few factors. The first factor is deductibles. All types of policies come with deductibles and car insurance too comes with it. It is the most important part of your policy for which you are responsible to pay. The insurance policy does not provide complete damage cover and some portion of the damage has to be borne by the insured. Deductibles vary from state to state and come in different denominations like $50, $100, $250 and many more.
A classic example to illustrate the benefits of a deductible is when an insured person has taken a policy with a deductible of $500. Suppose he is responsible for an accident, which causes damage of $2500, he is required to pay only the $500 deductible and the insurance company will take care to pay the remaining $2000. One can save on premium by increasing the deductibles. By increasing the deductible amount, the premium can be lowered as much as from 25 to 40 per cent. This amount can then be used to meet any repair costs at a later stage. Many insurance companies provide credit scores while deciding rates and one should discuss in detail about the offers available with the insurance dealer. Other additional factors, which help to avail cheaper car insurance are discounts offered by some insurance companies by installing certain safety devices to the car, by racking up lower mileage than any average user and safe driving. All of these help an owner to remain with a high score and get a discount on premium payment.
For more information about Antique and Classic Car Insurance consider Leland West Insurance where you will get a comprehensive guide to antique car insurance.
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