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Car InsuranceGoogle the word “Car Insurance” and many of the news articles that appear suggest the best ways to find a “cheap” policy.

This is a topic the Keating Agency has written about before.  However, it’s a message that bears repeating.

Cheapest doesn’t equal best. In fact, buying the cheapest auto policy could leave you in a fiscal pickle.

Answer Some Questions to Find the Right Car Insurance

Our friends at the Insurance Information Institute (III) say  you should answer some questions to find the right car insurance.  Your answers determine the type of policy and amount of coverage best for you.

How much do you drive?

Are you the “little old lady” who only drives the car to church and back?  If so, mileage-based insurance may meet your needs.  A driver who regularly travels longer distances needs more coverage.

Do you use your car for work?

Car InsuranceIf you have your own business, or drive your car as part of your job, you may want to explore commercial policies.

What type of car are you insuring and where will it be parked?

High-end cars, or those with lots of technology may cost more to repairParking on the street or in high-crime areas impact the cost of car insurance.

Will other people drive your car?

The number of people with access to your car, as well as their driving records, makes a difference.  If you, or another driver had recent accidents or speeding tickets, expect the cost to go up.

Do you own the car outright?

Many people lease or finance a vehicle.  If a car is totaled, the insurance payout is expected to be given to the lender or lessor.  Depending on the determined value of the vehicle, this may or may not be enough to cover the cost of the loan.

The loan amount exceeding the value of the car is especially possible for a financed new car.  This is a situation where the buyer may want to purchase a Gap Insurance supplemental policy.  The policy covers the difference between the value of the car and what is owed.

The Keating Agency believes that an informed consumer makes better purchasing decisions.  That is why we produce weekly blogs like this one.

Of course, it’s impossible to cover every aspect of an issue in a single blog.  We invite you to contact us with your questions.  Find out why we’ve been your local, independent insurance agency for 50 years.

At the Keating Agency, we’re here for you.

Request a quote!

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