Different Types of Auto InsurancePosted: March 3, 2012
Here is an excerpt from a new blog post at GreggMarcus.com:
If you are a current car owner you know how annoying and incomprehensible car insurance can be, especially when you have high rates to pay. Most people are unhappy with the extremely high costs of their auto insurance, though many don’t know that several different types of auto insurance available in the market. Many of these different policies may be far cheaper than what you are currently paying. In this post,Long Island Insurance Executive, Gregg S. Marcus discusses the different types of auto insurance and why some may be more beneficial to you than others. Before switching policies it is recommended that you educate yourself on all possible insurance types:
Fully comprehensive policies are by far the most expensive and the most widespread of all policies across the country. A large part of the auto industry includes cars that are either leased or financed through loans; this allows dealers and lending companies to require additional standards regarding auto insurance. Most lending companies require fully comprehensive insurance for financed vehicles, so if you took out a loan to purchase your car expect to pay a substantial amount for auto insurance. Fully comprehensive insurance covers almost every possible insurance situation. The benefit of a fully comprehensive policy is that the insurer will cover the accident regardless of the situation; therefore paying a little more may be worth it.
To read this post in it’s entirety, click here to visit the Gregg Marcus official website.