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Wednesday, October 21, 2009

Low Cost Georgia Auto Insurance -- One Tip For More Savings

By Chimezirim Gabriel Odimba

Without even being an insurance guru, you can make huge savings in Georgia car insurance by applying your commonsense. But it must be pointed out early enough that commonsense alone canNot bring you the type of savings we are talking about here -- Several hundred dollars. If you want more savings read on...

There are several coverage types as far as your Georgia car insurance is concerned. You can go for comprehensive, collision or third party. And don't forget that you can always get additional features at a high cost if you need something more than the basic policies provided. Omitting any important feature in order to make saving is not particularly smart since it will cost you a lot more down the line.

Cheap Car Insurance Quote

If you need to save a bundle, opt for third party only cover. The law in most places will be okay with just that. Just know that you won't get any money for your vehicle. It only takes care of the third party hence the name. This means that you will have to pay out of your own money to repair your vehicle. If your vehicle is an old one, this you should do.

Just to ensure we are all on the same plate, let's explain briefly the other current plans: Comprehensive and collision. Moreover when taking care of the third party in an accident, a comprehensive plan also covers people involved and your own car. Furthermore, you are also paid for losses due to vandalism, fire and robbery. If you collide withh another object, a collision plan covers your vehicle. Let's continue now that covered the basics...

The fact that your payment is based on the value of your car at the point of accident makes it a poor decision to maintain collision coverage for an old car. There is simply no way the sum of your premiums and your deductible over a reasonable period will not outweigh what you will be given as reimbursement. That is, when you own a classic.

An insurance policy is not worth the sacrifice if it does not pay you on the long run.

This is a defining factor in making much savings in your car insurance: Different insurance companies offer different rates for similar policies. So how do you know the best and lowest if not by getting quotes from a number of insurance companies? - 21396

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