Which insurance company you should buy car insurance from?

Insurance is one of the services that your car needs so car owners need to learn more information about insurance company to choose the best insurance package with reasonable cost.

Which insurance company you should buy car insurance from?

Buy insurance with deductible

More and more car owners choose to buy insurance with deductible to get the discount up to 40%. Deductible is an amount of money that customers share risks with insurance company in every compensation cases. For example, for 1 million dong deductible, customer will pay himself if loss costs less than 1 million dong. If loss costs 100 million dong, customer will pay 1 million, insurance company will pay 99 million dong. Because insurance company can save time and cost to solve small cases, it can bring customers better services and benefits. Therefore, the higher deductible is, the insurance fees are lower.

A general rule is giving discount for customers who have no claim discount. It depends on compensation cost of each insurance company. For example, if loyal customers of Liberty protect their car well, they can get discount up to 50% compared to standard fee. They also get many other benefits such as increase in salvage charges. Even your car is used, you still can get 20% discount if you have a good driving history.

Notes when buying insurance

Customers can get more benefits when buying insurance online or by calling. Currently, most insurance companies are applying only one insurance fee for all car lines or car owners’ experience. It is not fair so Liberty calculate the premium based on levels of risk to make sure that customers do not have to pay more what they should pay.

Another thing to note is that buying “two-way” insurance does not mean car owners are protected from any risks or have choice of garage repair because car owners maybe only pay for basic rights. Normally, insurance clerks and agents will extend or reduce insurance fees when customers ask for discount. Therefore, car owners need to ask insurance salesman to explain benefits carefully before signing contract.