Automotive Insurance Tip
You should shop around every couple of years for
better rates on your auto insurance policy.
Why?
Example:
You buy a
brand new Car for $25,000. which requires "full coverage insurance" for the loan.
You get insured and drive your new car off the dealers lot. Instantly
the car becomes "used" and the value of the car decreases by thousands
of dollars. Now... you are paying the same rate for a brand new car even
though the cars value has declined significantly.
Does the price of your insurance
go down? NO.
You continue to drive the same car
for the next 2, 3, 4, 5, 6 years and the car continues to drop in value.
Does the price of your insurance
go down? NO.
If
you stick with the same insurance you would still be paying for
coverage on a brand new $25,000 vehicle. Even worse.... if you do
get into an accident and the cost of the repairs exceed the book value
of your vehicle it is "totaled". The insurance company cuts you a check
for the current book value.
When you check
for better
rates you will usually find them because you are insuring an older
vehicle
at its current value, not the value of when it was brand new. Not only
that, but as you get older your auto insurance rates gradually decline.
This is
why all of the car insurance companies advertise they can save you
money by switching to them.
In
addition to getting a great rate, you stop overpaying for insurance at
the same time. The savings are almost instant and the amount of money
you can save is substantial.
It is FAST, FREE, and
EASY!
Get a free auto insurance quote from USInsuranceOnline.com today!
If you save money.. GREAT! Glad we
could help (tell a friend)! If not... nothing is lost.
Thank you for your time.. good luck.
