Cheapest Car Insurance For Imported Vehicles – 5 Tips

If you own or plan to buy an imported vehicle, you are undoubtedly excited about your car. Imports can be fuel-efficient, sexy and sporty. And, like any car foreign or domestic, foreign cars require a significant investment to keep you behind the wheel.

Car ownership is never cheap. There are the car payments themselves to think about. And, then you have to pay for gas, repairs… and car insurance.

Imports And Domestic: All Cars Need Insurance

Whether a car is an import or a domestic make, you are going to need to buy insurance. Purchasing car insurance is not only a legal necessity, but it is also a moral one. But, even if these concerns are not at the top of your list, there is another very good reason to buy insurance: to protect your net worth.

You see, if you skip buying insurance or buy too little, you could be liable in civil court for damages after an accident you cause. So, besides being a legal and moral necessity, buying insurance is just plain smart.

Many Imported Vehicles Are Sports Cars

Many imported vehicles fall under the sports car header. If your car is considered as such in the eyes of most insurers, get ready to pay more for insurance than you would if you owned a minivan or a sedan. However, the good news is that you can find insurers that specialize in sports cars (see below).

Types of Insurance Coverage

There are various types of coverage. In general, you will want to consider liability insurance (to cover the other party), medical coverage (to cover your party’s medical bills), collision (to cover your party’s vehicle repairs) and uninsured motorist (to cover your party’s bills if the other party causes the accident but is not insured).

Finding The Cheapest Car Insurance – 5 Tips

Here are 5 tips for cheapest car insurance for imported vehicles:

1. Decide whether your car is considered an sports car: While there is no universal definition for sports car, in general sports cars are going to be those that are high performance, have two doors, and have a tuned suspension.

2. If a sports car, create a list of insurance companies who specialize in sports cars: Some insurance companies specialize in sports cars, so be sure to put together a list of them.

3. If not, compile list of best insurance companies around: If your import is not a sports car, that just opens up the field even wider for the companies you have to choose from.

4. Create a list of desired coverage types and limits: When shopping for insurance to get the cheapest rates, you are going to want to get comparable quotes from multiples companies. This means getting comparable coverage. Speak with an insurance agent about which types of coverage and coverage limits you need. Then, ask for those same types of coverage from each of the other companies you contact.

5. Contact at least 5 car insurance companies: Now, start shopping! Contact at least 5 of the companies on your list. Don’t stop until you have contacted all of them: more choices means better chances for savings!

Follow these 5 tips to get the cheapest car insurance for imported vehicles.

Take Legal Advice For Car Insurance

Car insurance is a must for each and every owner. Generally they tend to ignore this simple insurance policy, which may save a lot of money. But strict laws have made car insurance are a must for all car owners.

Now car owners need to have the insurance as soon as they drive the car out of the showroom. Since it has become mandatory for all owners to have auto insurance, it has also become important for owners to take a good legal advice before signing up an insurance policy.

Auto insurance business has really become very competitive and with several players operating in the market. But there are no strict laws that can regulate the operations of these car insurance companies.

So it is always a wise step to take a legal advice while signing up with a car insurance company. Several insurance companies will try to lure you by offering the cheapest insurance. In most cases it is just a trap and you feel that you are having the best auto insurance, but when the time comes, you face the harsh truth.

Auto insurance companies generally try to confuse clients with legal jargons. In most cases, clients tend to take all such things lightly but repent later. So taking a legal advice before finally buying car insurance is the best idea.

Take the advice of your counsel and sit down with the insurance prospectus to get your mind cleared about all the legal angles of getting the best auto insurance.

Most drivers generally are more worried about the amount they have to pay as a premium and often opt for cheapest auto insurance. But by doing that they are not doing justice to their hard earned money. Cheapest auto insurance won’t give you full protection and add a legal twist in its clause. These car insurances offer lower premiums only because they don’t offer full coverage of the vehicle.

In the lure of cheapest car insurance, car owners neglect all the intricacies of these car insurance plans. In all these cases it is your lawyer, who can be your best guide and can also assist you in filing your claims.

Filing claims is not a child’s play and drivers generally rely on agents to do the work for them. But agents taking advantage of the situation can get you into problems and the insurance company can deny or reject your claims.

3 Tips For You and Your Car – Cheapest Insurance Rates Online

Life is full of its expenses, both large and small. There are those irregular expenses which come along now and again, such as having to buy birthday gifts, repair your car, buy new clothes, or fix a water heater. These types of expenses are hard to trim out of your budget because they just seem like necessities when they arise: we more or less have to pay them.

And then there are the regular expenses that you know are coming each month and for which you need to be prepared. Under this category falls items like rent or mortgage payments, utilities, car payments, food, gas, and car insurance.

When it comes to paying our regular expenses, some of them are pretty much set in stone and not negotiable. For example, for rent or mortgage payments, you are going to continue to be paying what you pay now unless you decide to move houses or refinance your mortgage.

However, some of our other regular expenses allow us some control as to how much we pay each month. For example, for food or gas, we can make lifestyle choices which affect those expenses each month – driving them higher or lowering them.

But there is another regular expense that is easy for most of us to ignore – and yet we have more control over it than we think: that is car insurance.

Insuring Your Car Is A Necessity – But It Can Also Come In Handy

No – I am not advocating that you decide to stop paying for your car insurance. To the contrary, buying car insurance is required by law in most places. And not only that, it can come in very handy if you ever do get into an accident.

It is easy to underestimate the value of any type of insurance until you need it. In fact, car insurance is one of those things that we hope we never have to use. Still, it is good to know that the insurance is there in case an emergency should arise. You could say that buying auto insurance is like buying peace of mind.

Types Of Insurance Coverage To Consider

For auto insurance, there are a number of types of coverage you will want to consider. Each one comes into play in different situations. Here is a quick breakdown of each:

a. liability coverage (usually required by law) pays the other party’s medical and auto repair expenses if the accident is your fault

b. collision coverage pays for your vehicle repairs if the accident is your fault

c. medical payments coverage pays your party’s medical expenses if the accident is your fault

d. uninsured motorist coverage pays for your expenses (medical and vehicle repair) if the accident is the other party’s fault but they are not insured

Maintain Insurance For Your Car: Cheapest Insurance Rates Online

A great way to shop for car insurance and get the best deal is to shop online. Here are 3 tips for doing so:

1. Write down the coverage you want: In order to get comparable quotes from multiple insurers, it is smart to first use a spreadsheet application or pen and paper and write out exactly the types of coverage you want. Even if you should change your coverage needs before actually signing a new policy, it is a good idea to request the same coverage types of each insurance company so that you can compare pricing more easily.

2. Do research to make a list of at least 5 insurance companies: Now, do online research to make a list of at least 5 insurance companies that specialize in low-rate insurance.

3. Apply to all 5: After you have found at least 5, start applying. In fact, make sure to follow through and apply to all 5 companies. It will be tempting to stop after applying to 1 or 2, but applying with all of them could make the difference between a good rate and the cheapest-possible rate.

Car insurance is not only a legal necessity, but it also represents peace of mind. Follow these 3 tips to find the cheapest insurance rates online.