Portland Auto Insurance Quotes — You’re Certainly Paying More Than Necessary If You Have These Coverage Types For Your Old Car
December 19th, 2009
I’ll give you a time-tested step that will make you qualify for a huge discount or get affordable Portland auto insurance quotes: Folks who because of their level of understanding keep either collision or comprehensive coverage types or both for an old car that’s NOT considered a classic are simply spending far more than would do them any good. The logic for this is that insurance carriers base the compensation they pay on what is known as the Kelly Blue Book value of a car at any given point in time. So even if you’ve paid your premiums without default for several years but the Kelly Blue Book value says your car has zero value, you’ll get a dime from the insurance company and they’ll be fully on the good side of the law.
So, take the right step and leave out these coverage types from your policy for all old vehicles. This simple step will save you much and not compromise you in any way.
Entry Filed under: Autos