4 Things you should know about your car insurance

Here are some scenarios that you think will not cost you but can actually burn your pocket:

#1 You have to should the bad driving of your friend

If your friend borrows your car and gets involve in an accident, you will have to file a car insurance claim. You need to shoulder the deductibles plus your monthly premium might go up because of the claim. In case your friend does not have the permission to use your car, you will not be held liable for the damages. The other party may also sue you because of injuries and other possible claims. Best move, do not lend your car.

#2 The personal stuff inside your car is not covered by your car insurance

Laptops and other damaged personal effects are not covered by your car insurance policy. You can use your home insurance to cover for the items if the cost is beyond the deductibles. Check with your insurance agent on how you can go about it.

#3 You can stack your car insurance policies

Stacking your auto insurance policies means you can claim more than once using the same policy or among 2 car insurance policies. If you need to cover for the total cost of a damage, you can make use of the limits under the multiple vehicles covered by the policy.  Another scenario will be to combine multiple policies from different insurance companies to cover the damages. You have to check with your insurance company if there is an option for stacked policies.

#4 Usage based auto insurance may save your some money

There are car insurance policies which charge premiums depending on the amount of driving you do. If you cut down on car usage because of increasing fuel prices, then this kind of policy might work for you.  This is not available everywhere so it will be best to check with providers in your state or country If you can avail of a usage based car insurance policy.