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Auto Insurance – General Information

It is much easier to insure your car than it is to insure your home, as there are far fewer variables to consider. They are usually only interested in the make and model of your car, your age, occupation, where you live, and your driving record.

The three general options offered are Third Party Coverage, Third Party Fire & Theft Coverage, and All Risks. Third is the legal minimum required, which will only protect the property and bodies of others. Third party fire and theft will cover the above, and if your car catches fire or is stolen. Comprehensive is the most expensive, but you will pay if you crash your car and someone else is not to blame.

Uninsured loss recovery is also generally available, and this will help you if your car is damaged by someone else and it was not your fault. This can be helpful, regardless of the level of insurance coverage you currently have, in going after drivers who are responsible for any accidents that have affected you.

Anyone with a history of traffic violations or traffic accidents will attract the higher end of the premium scale. However it is always worth shopping around especially if you have speeding tickets as there are big differences in the way companies deal with these offences, as nowadays it is very easy to rack up penalty points by being caught on camera on the road.

Insurance companies usually have a list of occupations that they consider to be safe and others for which they would prefer not to offer you insurance. Other insurance companies look at what their job actually entails, for example an office worker is likely to get a better deal than, say, a journalist, as it is generally thought that they are running around the country following the news.

Women are generally rated as safer drivers than men until around the age of forty, when this sex discrimination ceases to be a problem. This could mean that, if they are a couple, it will make sense for the woman to be the primary driver, with the designated man as the designated second driver.

The deductible is the amount you have to pay for any claim you make. As long as you are prepared to accept more of the risk by paying more of the claim, you may be able to get lower premiums. It is always worth asking the insurance company for a range of quotes based on several different excesses.

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