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When shopping for auto insurance, you are often faced with several choices. You know you must have auto insurance to drive, but apart from the mandatory guarantees. How do I know what guarantees are best for you? Mandatory guarantees Firstly, check what guarantees are required, that is to say without guarantees that you can not drive without exposing yourself to a fine or a suspension of your driver's license. Worse yet, if you damage someone's personal property, or if you injure or kill someone and you are sued, you may have to pay the costs yourself. Optional Benefits In addition to the mandatory coverage base, you might also consider a few options, depending on your situation and the type of car you own. Here are some factors to consider if you consider optional coverage. The automobile is rented or purchased it? If your car is leased or purchased with financing, your leasing company will usually require that you add two other types of guarantees: Collision coverage protects you if your vehicle collides with another object, is overthrows (rolled over) or is hit by an object. Without Collision coverage, if you are found solely responsible for an automobile accident, repairs to your vehicle will not be covered. Warranty excluding collision or upset protects you if your car is stolen, vandalized or damaged by fire or if it suffered damage to the windows. How old is your car? The warranty covers the replacement value new vehicles for a period of two, three or four years, depending on your choice. If your vehicle was stolen or declared a total loss, it would be replaced by a new vehicle with the same characteristics, equipment and accessories. If the vehicle should be repaired, any part can not be repaired will be replaced with a new part. If your vehicle is older than 10 years, you might consider not to purchase Collision coverage or warranty excluding collision or upset. Your vehicle may not be worth much more than the required premium for each of these guarantees. It depends on your comfort to take yourself costs for damage. On the other hand, if your vehicle is under 10 years, you should consider the purchase Collision and excluding collision or payment to cover the much higher costs of repair or replacement of the vehicle. Depending on the age of your vehicle, you can choose to increase the deductible from $ 500 to $ 1,000 or more. A higher deductible will reduce your premium. Praise you or do you borrow a vehicle often? Liability cover for damage to vehicles not belonging to the insured protects you if you damage a car or trailer that you rent or borrow anywhere in Canada or the United States. Depending on the type of vehicle you rent for personal use, that means you do not have to pay any additional amount for the insurance offered by the rental company. Would you have any other means of transportation if your car was seriously damaged? The optional Extended Warranty Loss of use pays for a rental car or taxi fares or transportation when your car is in the garage due to damage or loss covered by your policy . Suffer an accident is a rather unpleasant experience, but with this warranty, it makes it a little more bearable. What kind of items do you keep in your car? Car owners often overlook a type of insurance or home insurance. Did you know that if you fly your luggage in your car, it is in fact your home insurance covers damage. If you do not have home insurance, anything that is not considered part of your car is not covered by auto insurance. In fact, the only items covered under your auto insurance are those that are permanently attached to your vehicle, such as your car radio. So if you often keep your CD collection, your laptop, your sports equipment or cell phone in your car, you should consider additional protection offered by the insurance. Once you get a quote, you can add or remove optional coverage and deductibles fit then recalculate your premium. However, make sure your submission includes all the guarantees you need. Note the guarantees included in the premium to accurately compare different bids. Read more articles on insurance To get you free car insurance quote visit Instant Car Insurance Quotes Online The General Auto Insurance .
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