5 Basic Things You Need to Know About Car Insurance

Auto insurance is necessary because it provides you with compensation if damage where to occur from an accident or other covered perils such as: falling objects, theft, fire, vandalism, and so on.

Whether you drive a brand new car or one that’s very old, the chances of you getting into an accident are the same. Accidents not only cost money, they can also cause severe injury or death.

1. Here are some of the most helpful coverages

The coverage you are required to buy is liability insurance. Some other coverages are collision and comprehensive. Collision pays to repair your car if you’re at fault and comprehensive provides coverage if your vehicle is stolen or damaged that’s not a collision.

2. Factors that affect your rate

Insurance companies use many different criteria when evaluating the application during a process called underwriting. A company will look at your vehicle records to see how many tickets or accidents you have received. They will also look at your credit history to see what your rate will be. If your credit improves, you may save money overall.

3. Higher deductibles can lower your premium

The prices is based on how much money the insurance company believes it may have to pay overtime. If you raise your deductible, your insurance company knows that they wont have to pay as much for your claims. Because of this, they will most likely give you a lower premium. If you decide to do this, make sure you can afford to pay the deductible if you have to file a claim.

4. Insurance discounts makes a difference

Most companies offer auto insurance discounts for things such as a safe driving record, anti-theft devices, car safety features, and payment in full. it’s important to make sure you’re getting rewarded for being a safe driver and for having safe car.

5. The car you drive will affect your rates

For example, if your vehicle is expensive to repair, the insurance company is going to have to pay more if you get in an accident. On the other hand, if you car is safe and protects your passengers well, they wont have to pay as much if you’re in an accident. There are many other factors that can raise or lower the quotes you receive.

Contact IBC Insurance today to get a quote by calling 712-277-2424 or by filling out this form online. We look forward to serving you, Siouxland!