Is it Illegal to Drive Your Car Without Insurance?
No matter where you live globally, if you drive a car you need car insurance. Driving without car insurance is risky for you and other drivers on the road and depending on where you live may be illegal. There are over ten things to consider before buying car insurance anywhere including in Australia. Listed below are at least seven factors to consider.
Insurance of any kind is put into place to protect you and your assets. In some instances, if you do not carry insurance such as car and homeowners the companies that carry your loan can force an insurance policy on you and it may be higher then what you want or can pay. Forced insurance may not be the type of policy you would buy yourself. Make sure that you have the insurance policy you want and avoid lenders from forcing insurance on you.
The Factors that Set Your Insurance Costs
1. Did you know that the following issues raise your insurance costs?
- The older you become the higher your car insurance rates rise.
- A poor credit score means you pay a higher insurance cost.
- Tickets and claimed accidents raise your insurance cost.
- The more luxurious and expensive your car the higher your insurance cost.
- Children, driving age always raise insurance costs.
- Married vs single impacts insurance.
- Gender makes an impact.
- The location where you live may raise your cost.
- Car model
- Kilometres drove per year
- Car modifications
2. Know What You are Paying for In Your Insurance Policy
Never overlook reading every word within your car insurance Australia policy. Know what you are paying for and what coverages you have in the event you must use your policy. Insurance policies are confusing, however, reading your policy brings to light what it can do for you in the event you need the benefits. Are you covered for rental cars? Does your policy cover your engine, wheels, tires, windows, mirrors, lost or broken keys, lock service, roadside assistance, rental car coverage in the event your car goes into a shop, and the undercarriage?
3. Think Twice about Standard Insurance Coverage
While standard insurance coverage or the minimum coverages your lender agrees to generally cover very little and the out-of-pocket dollars are higher
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