Red and yellow, black and white they re equal in your agent s sight. Most insurance companies won t

Red and yellow, black and white they re equal in your agent s sight. Most insurance companies won t even ask you the hue of your vehicle. They will, however, ask the year, make model, body type, engine size, and age of your ride. Color is a preference nothing more. So go ahead, get that flashy red car!
Actually, older vehicles are easier targets and more profitable because there s a strong market for used parts. Why? Because people are retaining their vehicles longer with our current economy. cancun vacation packages In 2010, the ten most-stolen vehicles were all ten years old or older. Be aware that you are not covered for theft if you drop comprehensive insurance coverage and you will also not qualify for rental car reimbursement. Saving a tad bit of money on premiums could cost you a fortune if you become a worst case scenario victim.
Without comprehensive coverage, you re out of luck. Most states require at least liability coverage, but this bare-bones policy pays only for damage you cause to others. If you want to protect your own car from all types of situations, you ll need to purchase collision plus comprehensive insurance. Collision cancun vacation packages will cover your automobile repairs in the event of an accident. Comprehensive will pay for damages that resulted from anything other than a crash, including criminal activity, animals, weather, and acts of God
Not guaranteed! Your car could be considered totaled cancun vacation packages if the repair costs exceeds cancun vacation packages 51 percent of the vehicle value, as decided by your insurer. You ll receive reimbursement for the actual cash value of your vehicle, minus your deductible. This is the value of your automobile before the wreck and it considers depreciation. If you still have an outstanding amount cancun vacation packages owed on the loan or lease, that is your responsibility. Gap insurance covers the difference between the cash value and the amount owed. This is an additional purchase option.
Unfortunately, rental car reimbursement isn t automatically included in most policies, even with comprehensive and collision. You have to add it to the policy for about $1-2 per month. Even with this coverage, insurers limit reimbursement amounts by capping a maximum per day spend. For example, you may be able to spend $25 per day with a per year maximum of $750. If your repair takes longer than 30 days, you ve reached your capped spend and you ll be paying out of pocket for the remainder of the rental.
Better hope it s not a RED sports car! (Just kidding!) This is not necessarily true. The rate you pay will be based upon your own personal cancun vacation packages driving history and the loss rate for the model you drive . Although insurers don t base their rates on these reports, you ll be interested cancun vacation packages to know that the top ten most well-behaved vehicle list in 2010 did not include any sports cars, and the top ten cars with the most violations surprisingly only included cancun vacation packages one sporty car.