Posted: Wed Oct 15, 2008 5:13 am Post subject: Insuring cheap cars
Hi all,
I'm thinking of purchasing a car that is cheap and has been used for years. Do I still need to cover it?
Crossbreed _________________ Register Now to have your Insurance queries solved.
Insurance coverage is always a requirement for the vehicles be it brand new or years old. Liability coverage is a must on the vehicle whenever you drive. Hence, you're required to maintain sufficient liability coverage to cover yourself from probable lawsuits that you may face after causing damages to others in an accident.
Depending upon your state law you may also need to maintain the PIP coverage to protect yourself from paying the huge medical bills of yours and your passengers if suffer injuries in a car wreck.
However, if the car is in a battered condition and you don't have any lien on it you may skip the collision and comprehensive coverage and thus can reduce the cost of premium.
Auto insurance policies are generally composed of different types of coverage. It would be your choice to pick the right kinda insurance up to any volume that meets your specific needs. But, you should also remember that each state has its own laws that force you to maintain a minimum worth of insurance. I've seen that quite a few of these states would even demand a proof of insurance while you're buying a car.
Regards, Roddick
There is one thing that I'd never want you to forget-
* Liability insurance
Remember, that it is the liability coverage that offers you financial security from lawsuits in the event that you get involved in an auto accident that inflicts bodily injuries to someone else or causes damages to someone else's property!
Thanks, Fatman
Dear friend..there are certain coverages which are mandatory across certain states and yet optional across other states. I'd instantly remember 2 of such coverages namely,
Uninsured/Under-insured motorist coverage
Medical expenses coverage
All that you, your family members or friends would pay towards medical treatments would be covered under the Medical expenses coverage. On the other hand, the UM/UIM coverage would reimburse for the hospitalization charges that you, your family members or friends would need to pay when the accident has been caused by someone without insurance or less insurance.
Purpleheaded08 _________________ Register Now to have your Insurance queries solved.
Hey there..I feel its better if you'd also go for the Collision and comprehensive coverage. It is mostly your choice to take it across the states. It would come in handy when your car gets damaged due to any collision. It would also save your face whenever it is damaged due to fire catching up on it or if ever a heavy object falls on it. Check it out! Caromel_merquez _________________ Register Now to have your Insurance queries solved.
I would only opt out of comp/collission is I was driving a clunker.
I would never...repeat with emphasis...NEVER drive a vehicle without Liability and UIM. _________________ Life moves pretty fast. If you don't stop and look around once in a while, you could miss it. - Ferris Bueller
It would also save your face whenever it is damaged due to fire catching up on it or if ever a heavy object falls on it.
Not only that!
It might also cover you from certain thefts or burglary. But I'd also stress on the worth of your car, since it has got a lot to do while determining your insurance requirements. Some of my friends are of the opinion that if your vehicle value is under $1000, then this kinda coverage won't do any good to you. I think they have a reason to say like this, since its only the actual value that would come to you after paying for the deductible. So, under such circumstances you may need to think a lot regarding other factors or consult an agent. Plasticmind _________________ Register Now to have your Insurance queries solved.
Posted: Fri Oct 17, 2008 9:20 pm Post subject: car insurance
you purchase old or new doesnt matter, but insurance is the better way to prevent yourself from future financial crisis.
In case of accident, insurance will be much more benefical to you. _________________ Get your own website done as low as $100. Click here
Of course!!!! You need to make sure that any car or vehicle that you drive is insured. It is the law and protects you financially. If you want to save money you may consider getting liability insurance only. This should be a whole lot cheaper than buying full coverage and can drastically reduce your premiums. You may end up being very surprised at what it will cost to insure this vehicle and it is possible to even lower your policy with a multiple car discount. I have a truck on my policy that would cost me over $100 more to drop the truck off my current policy even though I don't driver it, figure this out. _________________ Juston Garland
http://www.nationwidebillrelief.com
and it is possible to even lower your policy with a multiple car discount. I have a truck on my policy that would cost me over $100 more to drop the truck off my current policy even though I don't driver it, figure this out.
You just said it.
Multiple car discount. _________________ Life moves pretty fast. If you don't stop and look around once in a while, you could miss it. - Ferris Bueller
