Car Insurance – What Is Liability And Collision Insurance?
Car insurance is one of the more confusing and difficult topics. In Tennessee, for instance, you can have car insurance that only covers liability claims and not collision. But what does this mean? It means that if you are at fault in an accident, your liability insurance will cover property damage or injury to others. Collision coverage will reimburse you for the cost incurred on your own vehicle when it was damaged during a crash with another car or other object.
The infographic below should help clear things up! It outlines all the basics around liability and collision as well as some common FAQs about this topic.
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How to Reduce Your Auto Insurance Costs By Up To 50%
If you are looking for an easy way to save big, reduce your auto insurance costs by as much as 50%. We'll show you how in our post. [ARTICLE START] If you are like most Americans, your auto insurance costs add up faster than the dollars in your wallet. Since 2001, while gas prices have fallen 35%, car insurance premiums have risen by 105%. According to industry experts that is because of the ever increasing cost of claims. Car accident injury claims alone are costing insurers over $200 billion a year. If something isn't done, experts say that the cost of auto insurance could double in the next ten years. The solution: Reducing your liability while increasing your collision coverage. At Auto Insurance Discounts, we will walk you through a step-by-step process to reduce your auto insurance by 50% or more. That's right, up to a 50% discount on your insurance premiums just by following our simple steps. First, let's talk liability coverage since that is usually the most expensive part of your policy. Liability Coverage
We all know what liability is and why it's important to have it; but we don't know how much it costs or how much we need to keep in our policy. Liability coverage comes in two parts: Bodily Injury and Property Damage. You might already have heard of these. When we file a claim, the insurance company will reimburse us for our expenses related to an auto accident. Because there are so many variables, determining how much liability coverage you should have is somewhat difficult. An insurance agent can tell you; but I don't think that's what you want to hear . Let's face it, no one wants to read a long policy or spend hours researching the internet trying to figure out this equation: How much insurance do I need? That's why I'm going to walk you through a simple process that will give you precise numbers for your premium savings. Watch out, because when you walk through these steps, your insurance agent will be left scratching his head wondering how you got a 50% discount on your policy. This is the same process that we use with companies and agents across the country and they tell us it works great. In fact, we've worked with clients who've been paying $2500 and $3000 per year for their insurance now paying as little as $1200 per year. Step 1 – Open The Big Book Of Insurance An agent can tell you what he or she thinks; but to get an accurate number, you have to take action first. That means calling up an agent and asking for the big book of insurance . This will give you the information you need to calculate how much liability coverage you need and which company you want to shop with. The big book usually gives you information on several companies at once so make sure that when you call, they give it to you. Your agent will know this information from his own files. Don't worry, he'll be just as surprised as you are when he gets your numbers back - a 50% discount! Step 2 – Calculate Your Policy Costs If you're in Tennessee, I know your agent can do this for me: but if not, find out how much it costs to file a claim in your state or the details of your policy. The cost of a claim is determined by your deductible, the company's loss ratio, and collision coverage (if you have that). If you don't know how much it costs to file a claim, you're not going to be able to figure out how much liability coverage you need. Take the cost of filing a claim in your state and divide that by the number of years of coverage required by your policy (say 5 years for Tennessee). This will give you an approximate average cost to cover a typical claim. You might end up with $400 or more per year; but don't worry, most folks can get coverage for half that amount. Step 3 – Calculate The Cost Of Your Policy This is the part that will really shock your agent! Here's how to calculate the cost of your policy: divide the number you got in Step 2 by the number of years in your policy (for example 5 years would be $400 / 5). If you cannot figure out how much you are paying for insurance, this should give you a high-level estimate. Don't worry, if it's too high, we can also help with lower coverage and lower premiums. To get coverage at 50% off, just call or email us today. We'll show you EXACTLY how to save big.
OTC Discounts Offers Auto Insurance Discounts TN, SC, NC, GA - 50%+
If you are looking for an easy way to save big, reduce your auto insurance costs by as much as 50%. We'll show you how in our post. [ARTICLE START] If you are like most Americans, your auto insurance costs add up faster than the dollars in your wallet. Since 2001, while gas prices have fallen 35%, car insurance premiums have risen by 105%. According to industry experts that is because of the ever increasing cost of claims. Car accident injury claims alone are costing insurers over $200 billion a year. If something isn't done, experts say that the cost of auto insurance could double in the next ten years. The solution: Reducing your liability while increasing your collision coverage. At Auto Insurance Discounts, we will walk you through a step-by-step process to reduce your auto insurance by 50% or more. That's right, up to a 50% discount on your insurance premiums just by following our simple steps. First, let's talk liability coverage since that is usually the most expensive part of your policy. Liability Coverage
We all know what liability is and why it's important to have it; but we don't know how much it costs or how much we need to keep in our policy.
Conclusion
Don't stay in a bad auto insurance policy. Low-cost auto insurance quotes from Auto Insurance Discounts can help save you money on your car insurance coverage. We offer low-cost, affordable car insurance that has great customer service and a low rate of claims. Take the time to compare different auto insurance companies so you can find one that fits you best. Learn more about Auto Insurance Discounts at http://www.autosavingsonline.com/auto-insurance/auto-insurance-discounts-tn.html or give us a call at 1 800 853 4539 .