Auto insurance questions?

Question

Hi everyone

I just got my car and I need to get an insurance.

I've been getting some quotes from different insurance companies and they ask about "Comprehensive deductible" and "collision deductible"...

what is this and why whenever I put a less value the insurance is higher?

Can you guys tell me a cheap insurance company?

Im 19 and I got my license a month ago, and the insurance is going to be under my name.

the car I got is a ford explorer 1996

thank you for all information!

Answer 1

How much can you afford to pay, out of pocket, for an incident?  That should be the amount of your deductible.

Answer 2

There is no ONE insurance company that is right for everyone - everyone is rated individually - and all companies have different "likes and dis-likes", different credit tiers, different business models, and many other factors that can vary your rate - and a QUOTE is ONLY a quote until the policy is issued.

Typically, insurance rates will vary from State to State and can even vary by ZIPCODE! It also will depend on the type of car/truck, coverages, limits of liability, and driving record. Some companies run credit scores and MOST run a motor vehicle report and CLUE (Comprehensive Loss Underwriting Exchange) report to see about undisclosed accident involvement.

Deductibles are the amount that YOU want to be responsible for before your INSURANCE kicks in and pays.  They are like a see-saw: the HIGHER the deductible, the LOWER the premium and the LOWER the deductible, the HIGHER the premium. I'm reminded of the old Fram oil filter slogan, "You can pay me NOW or pay me LATER!"

The best thing to do is call a LOCAL independent agent or broker. Don't go across town, or to some other city - look for someone CLOSE. Just look in the phone book for the PIA or Big I (Trusted Choice) logos and you will find a professional licensed agent that will be able to help you solve your insurance problems, and give you rate comparisons of several different companies.

An independent insurance agent will normally have a dozen different companies and if he cannot help you, he should be networked with other local agents that can.

In my agency, we have companies that do NOT run a credit score and welcome drivers with "less than perfect" driving records and specialize in youthful operators!

Most of the replies on this site say "go to this on-line carrier or that on-line carrier or that 1-800 number" but I'm sure that when you do, you will find some impersonal computer user with a script to work from and you won't be able to talk with the same person every time you have a problem!

Good luck, drive RESPONSIBLY and I hope this helps!

Answer 3

If you have a loan, you need to carry both.

An agent should tell you what they are.

Collision, is when you hit something, or something hits your car, or when you flip your car.  It covers the damage to your car.

Comprehensive covers fire, theft, vandalism, hitting an animal (and there has to be blood/fur), falling objects, flood, hail, that sort of stuff.  When it damages your car.

The deductible is how much out of your pocket, before the insurance kicks in.  The lower the deductible, the more the insurance costs, because then you are paying less for the repairs, and the insurance company is paying more for the repairs.

There's no one size fits all cheapest insurance company.  You have to shop around to find the cheapest one for you.  Having said that, if you have spectacular credit, no loan on this car, and are looking for just liability, Progressive will probably be one of the cheaper companies.  But at 19, you're not going to pay as little as a 30 year old.