Choosing the most profitable car insurance is quite difficult, because there are a number of factors that must be considered. There are those who say that the TLO type of insurance is more profitable, while others think that the all risk type of insurance can provide more protection. Then which one is correct? 1. Consider the premium Because everyone's financial condition is different, the premium price set by the insurance company also has various effects. However, generally all risk charges a fairly large annual premium, which is around 2% – 3% of the car price, while the average TLO value for car insurance is 0.8% – 1%. The amount of all risk premium payments is often twice as high as TLO. Higher premiums are not always better, especially when your car has not suffered any damage. Remember all premiums paid annually are non-refundable even without a claim. 2. Consider the Year of the Car Choosing the most profitable car insurance can also be seen from the ag...
People spend days to find the car they like, have all the extras installed and choose the color. Hopefully, nothing is going to happen to your automobile and you will keep enjoying many memorable rides. But you would want it to be cared properly if you have an accident. Many people do not cut corners when they are investing a small fortune on vehicles. They surely would not want their insurers cut corners when they need to be repaired following an accident. Normally, most decent car insurers would do their best to complete the repairs as good as it can be done. This does not mean that some of them will not try to get away with cheaper options. For example, some companies would make it much harder to choose your own body shop and instead insist that the vehicle should be taken to their approved garages. Surely, majority of companies try to protect their interest as well from few policyholders who would try to get more out of the accident than they should. But as long as you comply w...