Friday, April 3, 2009

Modified car insurance: High Deductible Vs. Low Deductible


So, you bought your dream car and are knee deep in boxes from all the add ons you have been ordering. Long hours turning wrenches in the shop has finally payed off and it's time to find the best car insurance provider for your modified car.

The storage insurance policy that you certainly remembered to get, no longer provides enough coverage. It is time to make some decisions about what kind of coverage your insurance policy will need to provide. One of the decisions you will be making is weather to have a low insurance deductible or a high insurance deductible.

There are a few different theories out there concerning how to decide what level of insurance deductible is best. Here are some things to consider before making your decision:

  • Most accidents occur close to home.
  • Inclement weather is often the cause of accidents.
  • Deer are inconsiderate creatures.
  • Will you be the only driver?
  • Is your car front wheel or rear wheel drive?
  • How much damage does an accident have to cause before its worth claiming and taking the chance on having your premiums raised?
  • How much money can you set aside for an emergency repair fund?

After considering these variables you will ultimately have to decide for yourself. If the coverage that you decide you need is too much from your current insurance provider, shop around. Performing a simple google search for online insurance companies should give you a good place to start getting quotes. You can find the best sports car insurance online and get fast quotes right over the internet. Keep searching until you find the type of coverage and policy that you need and then find the insurance provider offering the best price.

Happy motoring and God Bless!