Auto insurance tips (maybe even secrets?)

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Before a car insurance claim:

Improve your credit score which can help show the insurer you are a lower risk, if your state allows.

Don’t add your teen to your policy until they are licensed. You are not required to add your child to your policy just because they have a learners permit (Unless you’re in a high-risk insurance pool) But if you “forget” to tell your insurance carrier once your teen is licensed, your insurance company could charge you back premiums from the date your teen got licensed! Ouchie.

Pay annually, not really a secret, but you will avoid the 5-10% fiance charge

Find a policyholder friends or relatives who uses a car insurance company will let you know if they are satisfied with the company’s service.

Visit to the company’s office even though less business is done face to face, going to the brokers office and look for awards or certificates hanging on their wall

Cancel your insurance policy in writing when you switch insurers. Your policy might say you can end your coverage at any time via written notification with the day of cancelation.

If your friend borrows your car and hits someone, you can have claims made against your insurance company, even if he’s not at fault. If he is at fault (after all, it’s not his car!), You’ll have to pay your deductible, and your rates will go up. And with settlements, judgements, and potential lawsuits that is just the beginning of the fun.

After a car insurance claim:

Price is one thing, claims are another. The company may offer great prices but use in house or (independent adjusters to low ball you on claims. And adjusters can be different per claim. So your mileage may vary in the claim department.

If your car is in an accident, file a diminished value claim in Florida, Georgia, Hawaii, Kansas, Louisiana, Maine, Maryland, Massachusetts, North Carolina, South Dakota, Texas, Virginia, Washington and West Virginia.

Sales tax might be paid for you by the insurer when you replace your totaled vehicle in Alaska, Arizona, Arkansas, California, Connecticut, Florida, Georgia, Hawaii, Illinois, Indiana, Kansas, Kentucky, Maryland, Minnesota, Missouri, Nebraska, Nevada, New Jersey, New York, North Dakota, Ohio, Oklahoma, Oregon, South Dakota, Vermont, Washington, West Virginia and Wisconsin.

If you are hit by an uninsured or underinsured driver: If you have multiple cars on your policy with UM/UIM coverage on each, you can collect the limit of your UM/UIM coverage under as many vehicles as necessary to cover full payment for damages. Second, if you have more than one policy with UM/UIM coverage, even if they’re from two different insurers, you can make a claim under each policy until all your damages are recovered.

If your car is totalled, Insurers will not give you the Kelly Blue Book value. Instead they use their own list of car values, and “special” software for calculating the amount. They will also deduct for mileage, prior damage and overall condition.