The 7 Most Important Questions About Insurance to Ask Providers

Everyone wants to pay less for insurance, but in order to achieve that goal, there are questions about insurance that you need to ask insurance providers. This will make sure that you’re getting the best insurance possible.

When you purchase an automobile, the next step is to find an insurance provider that you like for a fair price.

With insurance being a requirement for car owners, it is important to know the essential types of insurance so that you find the best fit for your vehicle and yourself.

Continue reading to learn about the 7 most important questions that you should ask insurance providers before signing up for a plan.

1. Will My Policy Cover Other Drivers of My Vehicle?

Your car insurance policy will most definitely cover your driving, but one of the most common questions about insurance is whether other drivers have coverage. 

What if a family member or close friend needs to borrow your car to run to the grocery store? What happens if they get in an accident?

The answers to that question depend on the insurance provider and the laws of the state in which the accident happens. Don’t make the mistake of assuming that an incident like that gets covered solely because you have car insurance.

2. How Will My Commutes Affect My Insurance?

When you interview with an insurance company they will ask you questions about your driving habits. One of the first things they’ll ask is the driving distance for your main commutes, like to work or to school.

The insurance company will also be interested to know if your car gets used for applications related to your job. If you travel a lot for work by car or work as a delivery driver using your car then that could affect how much you save on insurance.

You should be aware that most insurance companies will exclude coverage on your vehicle if it’s used for traveling sales or delivery functions. If you get in an accident while driving for work you will have no coverage.

3. What Coverage Do You Need for State Minimums?

If you are looking to save money on insurance, a good option is to go with the minimum amount of coverage that is required by your state. While that is great for cheap car insurance, there might be a better value available that isn’t required.

An example of that is insurance that covers you from being hit by uninsured and under-insured drivers. It doesn’t cost much and will cover the costs if you do happen to be hit by one of those types of drivers.

You should also ask if the insurance provider has personal injury protection coverage. It is an inexpensive add-on that will make sure that your medical bills are covered as well as any lost income that you suffer.

4. Do You Offer Gap Coverage?

Gap coverage is most common with cars that are leased, but it is a great option for people who have a loan on their car. 

Usually, insurance providers will not cover more than the worth of your vehicle. If the amount you owe is greater than the value of your vehicle and you don’t have gap coverage you will be on the hook for the difference in a situation where your car is totaled.

Gap coverage covers that financial gap between what is owed and what the value is. That way, you have peace of mind that you won’t be paying anything if your car does end up being totaled.

5. How Will My Car Be Repaired After an Accident?

When accidents happen, you’re going to need replacement parts. It is important to ask insurance providers where those parts will come from for repairing your car.

Insurance providers source parts that are new as well as used. It will cost you more in monthly premiums if you opt for new replacement parts but the peace of mind that it gives you is well worth it.

Gap coverage covers that financial gap between what you owe and what the value is. That way, you have peace of mind that you won’t be paying anything if your car does end up totaled.

6. What Factors Are Making My Premium High?

If you talk with an insurance provider about car insurance and they give you a quote for their services you may have additional questions about insurance. The logical question would be why your insurance premiums are so high.

Asking this question will prompt the insurance providers to address the specific factors that cause your premium to be high. It opens the door for you to address and explain those factors to see if the provider will lower your premium so you can pay less for insurance.

7. What Discounts Do They Offer?

Many car insurance providers have a variety of discounts that they offer to drivers that qualify for them. Unfortunately, in most cases, they won’t bring the discount programs up so unless you ask they won’t inform you of them.

If you’re lucky, the insurance agent will bring them up to see if you qualify for any of them. If they don’t bring them up you should ask about them. You might qualify and save on insurance even more.

Some insurance providers offer discounts for cars that have airbags. Others offer safe driving discounts to drivers with clean and safe driving records. Another common discount is a student discount, which is for students that achieve good grades academically.

Asking the insurance provider for the list of discounts is the only way to know which programs they offer that you’re eligible for. The amount of money you save on insurance is well worth asking about the discount programs.

Now You Know the Best Questions About Insurance

Finding an insurance provider is a process that involves a lot of research and asking questions about insurance to find the best fit for you. A lot of factors change depending on where you live and what you’re using your car for.

It is also important to find out about the discount programs that you are eligible for so that you can pay less for insurance. Asking these questions will give you peace of mind should you ever end up in a car accident.

For more helpful information on topics ranging from daily life to traveling, be sure to check out more posts on Stop Having a Boring Life.

Author: SHABL

Rob has been traveling the world and living abroad for over a decade. The goal was to stop having a boring life and it turned into something far greater. He's worked with national tourism boards and been mentioned in National Geographic. These days he lives abroad and loves business, technology, the tropical lifestyle, good food and travel.

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