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About Very Cheap Car Insurance

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Summary: Very cheap car insurance is probably not going to have high limits of coverage and will probably not include damage to the vehicle. Compare auto insurance rates with equal amounts of coverage using information from a licensed insurance salesperson in this free video on insurance.

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By Ned Leutz
eHow Presenter

Ned Leutz is a licensed insurance salesperson at Webber and Grinnell insurance in Northampton, Mass. He is licensed for auto, liability, homeowner's, commercial and property insurance....read more

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Video Transcript

"About very cheap car insurance. I guess the one thing I can say about very cheap car insurance is if it seems too good to be true, it probably is too good to be true. Car insurance rates are determined by the risk factors involved, and also by the property that's being insured, 'cause as we know, car insurance covers both property and liability. So if you have a very cheap car insurance quote, there's a very good likelihood that you're not covering the property of your vehicle. So you're not carrying comprehensive and collision insurance, and there also is a good likelihood that the limits are very low on your car insurance. Nevertheless, that said, you could have very cheap car insurance because you have an older vehicle and you're a very safe driver and it's a very safe vehicle type. So, you can get very cheap car insurance if you purchase an older vehicle. You choose not to carry comprehensive and collision insurance on it, and you're a very safe driver. But other than that, I'd say if it seems too good to be true, it probably is. As you know, with very cheap car insurance, there's a lot of companies out there promising very cheap car insurance and you want to make sure that you're really getting an apples to apples quote before you sign on with any company, because often, very cheap car insurance can come about because the coverage just isn't there, and coverage has been stripped down in order to bring the price down."

eHow Article: About Very Cheap Car Insurance

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