You should know that the premiums for car insurance vary according to the type of coverage you choose. For example, sports cars will often cost more than a sedan. Also, your credit score plays a role in determining how much you will pay for car insurance. Drivers with better credit score will get lower rates. Another thing to remember is that men and women pay different rates for driving. If you’re a male teen driver, you should expect to pay more than a female.
If you’re wondering what your policy covers, you need to know that there are different levels of coverage available to meet your needs. Collision coverage can include comprehensive coverage. Comprehensive coverage will also protect you in case you’re involved in an accident. The deductible on your insurance policy is the amount of money you’ll have to pay before your insurance kicks in. Buying higher coverage is recommended if you own a car or have significant assets.
Liability coverage covers the damages you cause to another driver or their property. Collision and comprehensive coverage cover repairs to your vehicle. While no state requires collision and comprehensive coverage, some loan providers may require it. Keep in mind, though, that these extra features will increase your monthly and yearly premium. And keep in mind that it’s not always necessary to purchase all three types of coverage, which are usually priced separately. If you’re unsure, talk to your insurance company and compare the rates of each type.