Deployed Military Personnel: 3 Car Insurance Tips
A few reasonable car insurance tips can assist automobile owners in avoiding costly mistakes; especially for military service personnel. Car insurance is a legal necessity in most states and military personnel are not excluded from this requirement. However because military personnel are often stationed outside of their state of residence there are a number of issues they should be aware of in order to ensure the best overall coverage. Here are five car insurance tips that will help military personnel obtain the best policy for their needs.
Finding the Best Policy
Selecting an insurance policy is much like shopping for any other item you wish to purchase. Essentially, an automobile owner will want to look around for the best possible deal available. This means you will want to investigate various insurance companies and compare quotes and policy coverage options. Do not rely on one quote or a tip from a friend. Do your homework and determine the best option for you based on the information you obtain.
Also remember that the lowest priced policy is not always the best policy. Make certain you compare the various policy options available. Auto insurance options cover a wide area of coverage and the prices will correspond accordingly. You want to find coverage that meets your needs and budget.
In addition to your budget constraints, you should determine what kind of coverage you actually require. Start with the minimum requirements and add whatever additional coverage is necessary. For example, if you have purchased a new automobile that is financed on monthly payments, you will probably be required by the holder of your car loan to maintain full coverage auto insurance. On the other hand, if your car is paid for, you might opt for liability coverage only. The determination of what you need is critical to make an informed decision among the various policies available.
Ask About Car Insurance Discounts
One of the areas many car owners fail to investigate is car insurance discounts. Most insurance providers offer various discounts to qualified policy holders. These discounts are not always advertised and it is up to the car owner to request this information. This is especially true for military personnel. Many insurance providers offer special discounts to service men and women; some of which will significantly reduce your payments. In fact, for military personnel that are facing deployment overseas, military discounts can be especially helpful. In such situations, many insurance companies have special rates that can be applied if the insured car is going to be left in storage or unused during the length of the deployment.
Military Car Insurance
Military personnel can also opt for car insurance specifically tailored to them. These policies generally carry provisions that account for such issues as deployment overseas and other prolonged absences. In fact, the rates for military car insurance policies are factored according to the rank of the insured personnel (E1 to E5, and E5 to officer). These policies obviously offer military personnel advantages that other policies may not.
These are just a few tips that should help military personnel find the best car insurance policy for their needs. Finding the best policy is a matter of doing the proper research. By taking the time to investigate the available options, military personnel will ensure they obtain a policy that is both cost effective and practical.