Things to Consider When Insuring an Older Car

Consider ThemPeople everywhere have wondered if they have too much insurance on their older car. They wonder what coverages can be lowered without changing effective coverage to poor coverage. There are two types of coverages that make up an auto policy. The first is liability coverage, which is used to cover injuries to other people in the event of an at-fault accident. The second is comprehensive coverage, which pays for damages to the policy holder’s car in the event of an accident or damage caused by natural perils.

Comprehensive coverage is something to think about. This coverage is what covers the auto in case of damage from a stationary peril. If the auto is older it is most likely suffering from damage brought on by age. When a car ages, most people will often not care what the car looks like because the value often decreases over time. However, there are some cars that are older that are still in pristine condition and are still worth high amounts of money. Value is the thing to consider.

A second coverage to consider is the collision coverage, which is what covers the auto in case it hits something. Value of the car is an important thing to consider here as well. If the car is only worth $200 then it might be worth not carrying this coverage.

Another thing to think about is how often damage occurs to the car. Damage brought on to a stationary car by collision perils are more likely to occur than collision while in motion. It is possible to only carry comprehensive coverage and not collision. So if you wanted one coverage and not the other, it is possible to drop the undesired coverage.

Insuring Your Car if You

Customize Your InsuranceIf you’re physically disabled, you’ve probably spent thousands of dollars on customizing your vehicle to make it dependable and safe for you to drive. When you’re looking for affordable vehicle insurance rates, it’s a good idea to do a vehicle insurance comparison to find out which company can offer you the best deal.

However, you need to take your customization into account with your vehicle insurance comparison. The only way to get realistic quotes is to provide the insurance companies with complete and correct information as soon as you begin your vehicle insurance comparison. You’ll probably be required to provide documentation about your car and your ability to drive, which your physician and health insurance carrier should be able to provide.

When you request quotes for your vehicle insurance comparison, be sure to account for the value of the customized features as well as for the vehicle itself, as the replacement costs of a customized vehicle are generally higher than those of a regular vehicle. Most insurance carriers have so-called riders, which are endorsements that cover all of these additional costs, though they come at a higher premium.

It’s always a good idea to contact AgentInsure to help you with your vehicle insurance comparison. AgentInsure instantly connects you with a licensed agent in your area who can help you with your vehicle insurance comparison, so you’ll have no problem finding the best deal!