Why Its Best To Get Car Insurance Immediately

For young adults that are purchasing their very first brand new car, the charges associated with car insurance is a pain to deal with (as if the amount you spend to get a car isn't enough).

Some people may even think that “I don't need that yet” or “I'll get it when I need it”. However, most people don't realize that car insurance is an investment in protection for the future and, chances are, insurance won't be available to you when you do need it.

The main motivation in getting car insurance is the financial protection it gives motorists in cases of accidents. If a person finds himself involved in a minor collision, repairs would have to be made by the offending party. If you are the offending party but covered by car insurance, the insurance will pay for the damages sustained.

“But I drive carefully. I won't get into accidents.”, you might say.

You may be a defensive driver, but that doesn't mean everyone else is; your safety is often in the hands of another person behind the wheel. Also, car insurance covers any hit-and-run accidents that your car may take in the parking lot.

For some states, having car insurance is a necessity. If you are pulled over in a state where car insurance is mandatory, your car can be impounded on the spot.

Considering these benefits, it's best to insure your car from the start, while it's cheap, in order to maximize protection.

Read More

Insurance Talk with a Former Claims Adjuster

Edmunds.com editor Philip Reed had a friend who got his Mini Cooper into a terrible accident. With a bit of skillful negotiation, he managed to get $1,500 more on his insurance than the original offer—and was able to write a story about it. If you're living in a state with high insurance quotes, getting the most out of your car insurance is a must. Make sure you get every penny of the auto insurance you've paid for.

You should start by talking to the claims adjuster. He assesses how much insurance money a client can receive based on factual evidence. Having spent four years as a claims adjuster himself, Reed writes that all it takes is a matter of understanding how the job works. More often than not, claims adjusters are on crunch time, and are expected to crunch the numbers for hundreds of clients. As claims adjusters base insurance claims on facts, clients must dispute these numbers with the facts to ensure fair offers.

Get several quotes to compare them with the current insurance claim. On average, claims adjusters have a $500 elbow room, which is already a substantial amount. However, try to understand that cars depreciate in value the moment the buyer drives it off the dealership lot, and car depreciation also reduces insurance value. Reed suggested steering clear of preferred body shops; don't worry, you have the right to do this.

Read More