When choosing your policy, be smart about the deductible. While the lower deductible means less you have to pay out of pocket in case of an accident, the monthly premium will be much higher. In an accident, the driver with a low deductible only has to pay that small amount out of pocket while the policy will cover the rest. That’s a big difference if the accident actually costs $25,000. If you have a low monthly cost but a $25,000 deductible, that’s $25,000 you have to pay out of pocket. That lower monthly premium doesn’t look so good, when you consider what could happen.
It helps a lot, in shopping for your policy, to have a clean driving record with no tickets, accidents, or any other type of driving violation. The amount of risk you bring to the table will drastically influence the cost of your total policy. It also doesn’t hurt to keep your vehicle in tip-top condition with current inspections and registration. Showing an insurance company that you care about your rig will help you get a good insurance policy.
You should shop around, because it is important to compare the rates offered by different insurance companies. You don’t want to go with the first offer you get. Sometimes you can bundle insurance, combining your home, life, and civilian vehicle insurance, getting you a better rate. Don’t be afraid to share a low rate with a company that offers a higher rate. Insurance companies need to make money, too, and knowing the price they have to beat to win your business could make a difference.