This was not on your list of things to do this week, but here you are looking for a used car, SUV, hatchback, wagon, or van for your son who is a senior in high school. The insurance company just let you know they will not pay for the accident damage on his old van, but they will give you the market value. So, now you are car shopping. You are looking for something under $5,000 with 100,000 or less miles. Most importantly, the car you find must be able to hold an upright bass, or two bass guitars and an amp, or all of the above.
Sometimes both personal and commercial auto insurance coverage can be disappointing and confusing. The bottom line is whether or not you can collect enough after an accident to replace or repair the car that you depend on every day. Lack of appropriate coverage can be the difference between finding an affordable replacement and having to settle.
The good news in personal and commercial auto insurance is that the cost for premiums has not shown a significant increase in the last few years. The average auto insurance expenditure, for example, dropped from $799 in in the year 2007 to $797 in 2011. This information from a December 2013 National Association of Insurance Commissioners report indicates that as the insurance fees regulate themselves, it is definitely a time to get free insurance quotes from a variety of carriers to make sure you are getting the best rates. Online car insurance quotes are another option for rate comparisons.
Young drivers between the ages of 16 and 25 pay the highest rates and every speeding or moving ticket violation can raise their auto insurance rates. In addition to charging higher rates for inexperienced drivers, car insurance companies also look for ways to offer better rates to other drivers. According to Cars Direct, for example, some insurance companies offer discounts to hybrid vehicles drivers because research shows these drivers are less likely to be involved in an accident.
Comprehensive auto insurance can be affordable auto insurance if customers spend time doing their research and comparing rates between providers. Commercial auto insurance, as well as personal auto insurance, rates are competitive, but require careful examination to make sure that you are getting the coverage that you want. After all, you might find yourself looking for a new car some day — the best used van to carry an upright bass with the cash insurance settlement that you are awarded.