Basic Frequently Asked Questions for New Insurance Members to Peruse Through and Get a Clear Understanding
It can be very heartbreaking to buy a car only to find out that you cannot drive it because it is not insured. To many, it comes as a shock to hear that you cannot drive your car if it’s not insured. This is because this information was not shared with them or it was not clarified as it should have been.
As we try to decode the very first questions that occur in the mind of every new driver, it would be important to visit https://www.patriotagencies.com/ for answers to these questions and more.
The frequently asked questions include:
- Why do you need a car insurance? It is illegal to drive without a driving license. This is because in case of an accident, you are not provided with a cover for other motorists, pedestrians or even yourself. No one said you will cause an accident but in case of any, then you need to be covered.
- What sort of policy do you choose for your car? The main policy types are third-party, third-party fire, and theft and comprehensive. Take time and learn about each one of them so that you are able to choose.
- What is Telematics insurance? This is insurance that monitors your driving either using a mobile phone app or a black box that is fitted in the car and your premiums are based on your driving behavior. This is one of the newest options mostly preferred by young drivers that have the potential to save money.
- How can you keep your premiums low? There are various ways to lower your premiums, for example, limiting mileage and increasing voluntary excess. This means you don’t use your car carelessly just because someone will pay for damages.
- Will your premiums get lower if you stick with the same insurer for many years? This is not a given; most insurance agencies inflate their renewal premiums.
- Is it cheaper to pay your premiums annually or monthly? Though not at all times, it’s always cheaper to pay them upfront annually.
- What insurance class do you need? Insurance premiums come in different classes as follows:
- Social class – Covers the normal day-to-day driving but not commuting
- The social class that includes commuting – Covers the social use as well as commuting to a single permanent place of work
- Business use – Covers social use as well as designated drivers in connection with their jobs such as driving to sites or to the office
- Commercial traveling – Covers social use as well as the use of the vehicle for commercial traveling
Be sure to check what class the insurance offers before you buy.
- What insurance group is your car in? Different insurance groups rate cars differently but you can use an online platform to find the rating of your car if you don’t already know.
What is an excess? Most policies always include an excess, which is the amount to be paid by the policyholders in event of a claim. The insurance companies ask for a compulsory excess and a voluntary excess.
