Friday, March 4, 2011

Online Car Insurance Calculators Help You Choose the Right Option

To be able to compare insurance policies, it is important to know the respective premium for each policy. However, the insurance policy premium for vehicles cannot always be a calculation that you can do on your fingers. Not everyone might understand many details and clauses that are a part of automotive insurance policies. These details and little clauses affect the premium of the insurance policy as well. For example, the more benefits that a policy is going to include the more it will cost you and vice versa. Furthermore, other significant clauses also decide the final cost of the policy such as the condition of the car, its age, its previous claims etc.
Since, it is difficult to guess the premium that you will have to pay for any insurance policy, websites providing insurance policies provide their potential customers with a car insurance calculator. The purpose of this calculator is to help the interested person, i.e. you, calculate the premium that you are going to have to pay for the policy. The insurance calculator will calculate the premium for you based on the information that you will provide. The following are some things that an insurance premium calculator will need from you.
1. Date of registration: The car insurance calculator will ask for the date of registration for your car. You can find this information in your RC (Registration Copy).
2. Car details: The insurance premium calculator will also need information such as the manufacturer and the type of model of the car. Furthermore, you may also have to provide the total cost of your vehicle if the amount listed with the website is different from yours.
3. Policy start date: This is important for the records of the car insurance calculator as the amount calculated is based on an annual rate.
4. Additional coverage details: With some insurance providers, you can even include additional bonuses as per your specific needs. These additional clauses in the coverage would cost you extra money but can be extremely useful depending on your needs. Some of the additional clauses available include extra fuel kits, co passenger insurance, value of accessories etc. It should also be noted that installation of theft prevention tools in your vehicle are recommended before buying an insurance policy.

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