Are you confused on how to save money on car insurance? Don't worry, so are a lot of consumers. Car insurance companies are spending a lot of dollars on advertiser to find new customers. There's a good chance that you've seen TV commercials from leading insurance companies. The central messages in most of these commercials are that "We can save you money on car insurance." But can they really?
In short, no company can know for sure until you submit a quote request. A number of factors go into determining your rates, and so you won't know what you'll be quoted until you provide some basic information (vehicle info, coverage info, personal info).
So how do you really save on Auto Insurance? We recommend the following steps, all of which can be done through
- 1. Understand what kind of coverage you need
- 2. Shop around for quotes from the top insurance companies
- 3. Consult with at least one local agent that you like (in addition to getting quotes directly)
- 4. Compare your quotes for coverage
- 5. Choose the policy with the best coverage relative to its cost
Car Insurance in Washington
The state of Washington considers mandatory for all drivers to buy at least liability policy for all vehicles. Minimum coverage required is that of:
- $25,000 for one person to pay for bodily injuries or death,
- $50,000 per accident under the same responsibilities, and
- $10,000 to pay for property damage other than your own.
State, antique, collectible, publicity vehicles as well as motorcycles, motor driven cycles and mopeds are not required to own car insurance.
There are other ways for you to establish Financial Responsibility, such as $60,000 certificate deposit at the State Treasure or in a Washington State bank account, submit a liability bond with a company that is authorized by the state for the amount of $60,000. If you own more than 26 cars, you can also apply for self-insuring, this option is mostly used by car dealers.
It is required for all drivers of the previously mentioned vehicles, to have with them proof of insurance at all times. When you acquire a car insurance policy, the insuring company will provide you with an Insurance ID card, which can be used to fulfill this requirement.You must show it whenever it is required either by a law enforcement officer or any other authority.
The fine for not having auto insurance in this state is of $450 and is to be cleared through court.
Mandatory types of coverage are often intended to protect the other's property or pay for their injuries in the event that you were the responsible for the accident. This is good, since it will protect your assets from any financial implications may derive from the accident. However, this will leave your own property unattended or unprotected. To solve this situation, other additional types of auto insurance coverages are available for acquisition, the most common are as follow.
Underinsured / Uninsured Motorist coverage are intended to protect you when the driver responsible for causing the accident has too little liability coverage or has none at all. These coverages will pay for your injuries and those of your passengers. Usually Uninsured motorist is used when the insured is involved in a hit and run situation.
Another type of coverage is known as Comprehensive insurance. This will cover or protect your vehicle against any physical damage it may suffer during accidents which don't involve another vehicle. Such accidents can be those caused by bad weather (floods, tornados, etc) Another eventuality that comprehensive coverage will take care of, is when the accident involves an animal, for example wildlife crossing the road. It can also protect your vehicle against theft and vandalism.
Collision coverage can be used to fix your vehicle when it has been in an accident, regardless if it was with another moving vehicle or a stationary object. Collision will pay you to get any physical damage repaired and have your car working again. It won't matter how much damage your vehicle may have suffered, if it's a bended door or a frontal collision, this type of coverage will help you get that fixed.
Why Car Insurance?
First reason why you need Auto or Car Insurance is because it is required, in almost all 51 States, to have auto liability insurance.
Auto Insurance is there to protect your assets. If you are involved in a car accident, auto insurance will help you take care of medical bills, the cost of reparation for vehicles involved, even sew costs (this may vary, depending on the insurance plan you have selected).
Be sure to ask your insurance company if there are discounts available if you are also a Homeowner with coverage underwritten by the same insurance company.
Start your auto insurance rate quote and see what kind of discounts are available for you.