Car insurance is a necessity that most of us would like to save money on.
There are certainly ways to lower your auto insurance costs, but if you're not careful you could put yourself at financial risk.
This is especially true if you live in areas prone to storm damage.
Here is some advice to make sure you have the right protection for your situation.
Understand the risks of storm damage where you live or are visiting.
A single hailstorm can wreak thousands of dollars in damage on vehicles in just a small area.
Hurricanes, tornadoes, floods, wildfires and other severe storm weather causes more and more damage to vehicles every year.
In fact, the Insurance Information Institute notes that the number of vehicle damage insurance claims due to these disasters nearly doubled between 2001 and 2005.
Understand your auto insurance policy and coverages.
Raising your deductible or eliminating comprehensive coverage can save you money on premiums.
However if you live in an area prone to severe storms, it may be more cost-effective to have better coverage or lower deductibles.
Talk to your agent if you're not sure.
When shopping for car insurance, only work with reputable companies and insurance agents.
Your car insurance is only as good as the company that provides it.
When you shop for car insurance, make sure you're dealing with a financially stable company with a good reputation.
Get at least three quotes and ask questions about both saving on insurance costs and making sure you have adequate protection.
Think about adding rental car coverage.
It may add a little to your premium, but if you're out of a vehicle for several weeks while it's being repaired from storm damage, you could spend hundreds renting a car.
If your car is damaged, before authorizing any repairs understand the work being done, what's covered by your policy, and if the repairs are covered by warranties.
Get more than one estimate on the work if possible.