Monthly Premium

This is the amount you will pay each month. This can be higher or lower depending on many other factors. Most car insurance companies will bill you every six months and you will have the option of paying the bill in full or making monthly payments. Your premium may be affected by where you live, the kind of car you are insuring, your age, and the number of years you have been driving.

Who Will Be Driving The Car

If you are the sole driver of the car, then your premium will be lower. If you include your spouse or family member as a secondary driver, your premium will be raised according to their age, driving record, and where you live. It is important to insure everyone that will be driving your car on a regular basis. If there is an accident and you try to file a claim on your policy, but you were not driving the car at the time, you may not receive a full settlement. It is important to ask you insurance provider about the company’s policy on letting other people drive the car.

Amount of Deductible

You will have to pay a deductible for any repairs made to the car when it has been involved in an accident. This means that you will have to pay some of the total repair cost yourself. You can choose a lower deductible or a higher one. The lower the deductible, the more it will cost you each month.

When deciding on a deductible, you should look at your financial situation and decide if you are in an accident whether you could afford to pay a higher or lower deductible. Many people will lower their deductible as their financial situation improves.