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A Review on What Information the Insurance Company Needs to Provide With an Auto Insurance Policy

Author: John Smith  //  Category: General

‘United States has over 11 million crashes recorded every year.’ This piece of statistics makes it all the more important to secure your automobile against all odds. No one actually wants to pay anything more than what is required, but at the same time, it is also necessary to ensure an adequate cover for your car. In the US, all auto owners have to carry a minimum amount of insurance for their automobile.

Make sure that you too have got your car insured according to the state norms. You are liable to get full coverage in case your car has been taken through an auto loan. However, before you sign up with any auto insurance company, it is better to shop around and compare a few quotes.

Information Required By The Insurance Company

The insurance provider that you select for your car insurance would approach you for certain details. Generally all companies roughly ask the same questions, let us see what these are:

o The first thing that would be asked would be the make and the model of your car.

o Next, you would be asked about how many people would drive the car.

o You would have to provide the ages of all those who might drive the car along with their driving records.

o Also, details about your residence, how long have you lived there and where you intend to keep the vehicle would be asked.

o The insurance provider would show special interest in how much you might drive. This means that you would have to tell them an approximate annual mileage of your vehicle.

o They would also be interested in knowing how often you drive for pleasure other than daily commuting for work.

o Last, they would ask the kind and type of insurance cover that you are looking for.

It is better to have all documents at hand. You will need your residence proof and identity proof along with the driving records of yourself and all those who would drive the vehicle, before you call the agent over. Also decide on the kind of coverage that you are looking for and the premium that you can afford. See if you can reduce your premium rates by increasing the deductible.

Some Other Details That Would Be Asked For:-

o The VIN number of the vehicle.

o Whether the vehicle is installed with safety devices like air bags, anti-lock brakes and other anti-theft devices.

You can also keep your old policy handy to provide all the information. Try and avail some discount on the premium rates by informing the agent of certain safe-driving course that you might have taken. Once you have provided the agent with all of the above information, he would prepare a quote for the premium amount that you would be required to pay.

Before you buy any auto insurance policy, it’s better to search around and compare the quotes offered by different auto insurance companies.

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