Car insurance is one of those subjects many people spend very little time discussing. You find a policy with a decent rate and coverage, the insurance company deducts the fees from your bank account each month, and you drive with the feeling of protection and coverage. Otherwise, you think very little of it. Perhaps this is why there are so many things you don’t know about your car insurance policy. Now is the time to familiarize with these facts before it’s too late.
Car Insurance Doesn’t Cover Valuables
If ever you’ve left your laptop or expensive handbag in your vehicle while you run errands, you do so with the knowledge that it can be replaced if someone were to steal your vehicle or break in. The problem is your insurance policy doesn’t cover your belongings. Keep your car clean and empty, because no one is covering the items found inside.
Your Pet is Covered
Depending on your Youi NZ Car Insurance, your pet might be covered for up to $1,000 in case of an accident. Dogs and cats aren’t immune to injury following an accident, and their veterinary bills can be expensive. If you have a pet you travel with frequently, now is the time to contact your car insurance agency and ask about your pet’s coverage. It might be something you can add with many different policies.
If your pet is not covered and your insurance provider will not add him or her, it’s time to look for another policy with another company that does offer coverage for pets. Your pet is important, and you want to be financially prepared to care for it if the unfortunate occurs.
It’s Cheaper to Pay Upfront
Few drivers aren’t worried about the cost of their car insurance, which is why many car owners are looking for a way to lower their bill. If you ignore your driving record and vehicle type, you can focus on lowering your premium simply by paying your entire premium upfront. Rather than paying monthly installments, your car insurance agency will allow you to pay the entire balance right away. When you take this into account, you can save big time on fees.
Most car insurance companies charge a monthly fee to send a statement, another monthly fee to deduct your payment from your bank account, and they offer no discounts. If you pay upfront you not only avoid paying all those fees, you also get a small discount on the overall cost of your policy.
Car insurance is not inexpensive, but that doesn’t mean you must pay over the top for it. When you pay so much for car insurance, it’s only fair it provides coverage for all the things that matter most to you. Just remember your valuables are not protected under your insurance policy and keep them on your person when you’re not in your vehicle. Discuss your options with your insurance agent prior to settling for a policy that doesn’t work for you.