Red Vintage Automobile in Florida

Three Things That Effect the Cost of Car Insurance

Red Vintage Automobile in Florida

Anyone who drivers should have car insurance for their own protection and the protection of other motorists. Understanding the ins and outs of car insurance in Orlando can help ensure you have the right coverage at the best price.

Anyone who drivers should have car insurance for their own protection and the protection of other motorists.  Understanding the ins and outs of car insurance in Orlando can help ensure you have the right coverage at the best price.

 

Deductibles

 

A deductible is the amount you pay out of pocket to repair a damaged car.  If you have a $250 deductible and $1000 in damage, you will need to pay $250 before your insurance kicks in to cover the rest. Higher deductibles generally lower premium costs, but evaluate if it makes sense to go with the larger deductible if you can’t actually afford to pay it if needed.

 

Multiple Policies

 

If you have multiple types of insurance policies from the same carrier, such as homeowners and auto, you may be eligible for a price deduction by bundling them together.

 

Discounts

 

Like every other product, there are discounts available on car insurance in Orlando. Purchasing a car with safety features and an alarm system may reduce the cost of insurance. Certain cars are also just more expensive to insure; sports cars are generally more expensive to insure than sedans. Talking to your insurance carrier about discounts before you buy is a great way to maximize insurance saving.

 

These three examples are all things that can impact the cost of car insurance. Knowing what to ask your carrier can help save you money in the long run.

 

photo credit: Kay Gaensler cc