If you don’t already know by now, auto insurance companies use your vehicle as a major determining factor in calculating what you pay for your desired amounts of coverage. Fast, small, and sporty cars all get penalized in the form of high premiums for the car they drive. Unfortunately, most convertibles fit at least one of these criteria.
At a glance, this practice may seem unfair to drivers of said cars. However, auto insurance providers put large amounts of money on the table for each one of their clients. In order to stay in business, it is necessary for them to charge the driver of these cars more.
But it doesn’t go without logic and reason. You become a liability to the insurance company when damage is caused to yourself and property, and the health of others and their property, when you are at fault. As you can imagine, this could get costly. And statistics show that drivers of small, fast cars are more prone to such action. These cars are generally more dangerous, expensive, and result in more bodily injury. Blame it on those pesky, reckless, young drivers, or blame it on the insurance companies, but either way, it is unlikely to change.
Convertible drivers also end up paying more for their auto insurance coverage for these very reasons. By nature, convertibles are more dangerous than your average sedan or even sports cars, with soft or removable roof, it doesn’t take much for you and your convertible to take some serious damage. This increases your financial liability in the eyes of your insurance provider, and they quote you accordingly.
Save Money When You Insure Your Convertible
A new convertible will cost you upwards of $20,000 for most models and are expensive to insure but there are saving to be had. The most obvious way to save when buying convertible auto insurance is to check all your available options. It’s easy to do so by getting multiple quotes, which can be done in just minutes by getting an online auto insurance quote comparison. Selecting a policy with high deductibles will help you save on your premiums and paying for 6 months or a years worth of insurance can score you some serious discounts.
If it an older convertible, you can choose lower amounts of collision coverage, as the car may not be worth much. If your convertible happens to be an older collector’s car, you may qualify for collectible car insurance which understands that an older car may be worth more than its Kelly’s Blue Book value. If you only drive your convertible during the summer or on sunny weekends, you may also qualify for low mileage auto coverage, which charges by the mile, rather than a flat monthly rate.
By: James K Shaffer
When it comes down to it, how you manage your finances is totally up to you. Perhaps you enjoy sticking with one insurance company, perhaps you don’t believe how much money you can save by using a car insurance quote comparison webpage but for whatever the reason, you haven’t compared auto insurance quotes.
At least you realize that you have to have insurance, but it’s really to bad that you can’t take a moment of your time to possibly save over 30% on your car insurance over a year. Many of the online car insurance companies offer a variety of discounts and they really add up.
If you have not looked into car insurance comparisons, it’s time to do so. You’ll fill out a simple form and get an answer right away. If you really want to get the best price, take the time to fill out the whole form. You’ll get an exact quote within 24 hours or so.
Saving money on car insurance is easy with the online web pages that allow you to get quotes from several different companies at once. Your state minimum requirements will already be there, so you don’t even have to worry about that. Just fill in one form, then choose the companies you’re interested in, and fill out the in depth form and you have a quote.
As far as the information you need, most of it is in your head and on your vehicle registration. The hard part is remembering when you had driving infractions such as speeding tickets. But most will take an approximate record and then they get an accurate record from the DMV. This is why to get an exact quote it takes 24 hours.
So go ahead, give it a try, and see just how much money you have been wasting by not getting an online insurance quote.
By: Ted Kripps