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Anyone who is buying car insurance for the first time may not know what car insurance is required or what they want from buying car insurance. Insurance companies also have various car insurance products for you to choose from. In this article, we will introduce you to how to buy car insurance and what you should looking for in car insurance.

For those who are looking to buy car insurance, yula.la has a collection of insurance companies for you to choose from, click here to see the listing of insurance companies.

How you use your car on the daily basis 

The first thing before considering buying car insurance is to monitor your characteristic or how you use your car on the daily basis, whether you use your car mostly in the city or the countryside, how many times do you drive per week, how’s the road condition and how prone are you to the accident. Your car driving experience is also what you need to take into consideration, whether you are a rookie or have been driving for so many years. These are the indicators for finding your suitable insurance package.  

Insurance company’s reputation

One of the important things when buying car insurance is the insurance company’s reputation and stability. Look into the claiming history from previous customers. You can also look them up from the news, social media, or their website, as well as asking the salesperson about the company.

Funding for the insurance

The next thing you need to look into is the insurance funds, which will be the amount that the insurance company will pay for you when the accident happens and there are 70% damages in your car. The model of the car is the indicator of the insurance fund after deducting 10% of depreciation per annum.

Responsibility to the third party

It’s the cover for the person who affects by the accident, whether a person is a pedestrian on the road or a third party, which can define into 2 cases, damage management to life, physical or hygiene of the third party, and damage management on the third party’s property.

Additional Service from the insurance company

The insurance company also offers additional service for their customers which is coming with the package such as car hauling service, 24/7 hotline with nationwide coverage which you can call from wherever you are. 

Repair service center or Auto repair shop

In the insurance package, it’s clearly stated which shop the car owner can go for a fix after the accident, there are 2 places usually indicate on the contract which are your car brand’s repair service center and auto repair shops. As for the repair shops, there are also 2 types of shops which are out-of-network and in-the-network auto repair shops. No matter what you choose, it will be considered as a determinant of premiums. If you choose to repair a car at the center, it will be more expensive to repair it in the auto repair shop.

Responsibility to the third party

It’s the cover for the person who affects by the accident, whether a person is a pedestrian on the road or a third party, which can define into 2 cases, damage management to life, physical or hygiene of the third party, and damage management on the third party’s property. 

Car insurance premiums

Premiums are the price of car insurance. All of the above we’ve mentioned are car insurance premiums indicators, which are important features that drivers should have in place for cost-effective coverage to hedge the financial crisis.

This is the information you need to keep in order to choose the right car insurance for your needs and coverage that is worthwhile for you. No matter what type of insurance you choose, you need to choose an insurance package that can cover your life and property and alleviate your financial burden, that is the function of all types of insurance.