With Chubb car insurance used car owners and drivers can find some excellent values
If you are buying a used car, you may be wondering which type of insurance you need. With a Chubb car insurance used car policy, you may find exactly the policy you need.
Know what's required
When you insure a vehicle, you are only legally required to buy the minimum amounts and types of coverage required by your state's laws. If there's a lien on your car due to a loan or lease, your lender/lessee may require you to get a more robust policy that includes ways to protect their investment (such as collision and comprehensive). When deciding which policy options to include in your Chubb car insurance used car policy, any legal or contractual obligations will neeed to be your first consideration.
Look closely at options
While there are multiple options you can add to any car insurance policy, before adding options, you should consider the value of your vehicle. If you buy a relatively inexpensive used car, you may only need to get liability coverage on it. Your policy will pay for any damage that you cause to other vehicles or to other properties, but it will not pay for the cost of repairing your own car. Many drivers with inexpensive used cars prefer the low monthly premiums that are associated with having only liability coverage. However, if your used car is valuable to you, you may want to consider a more comprehensive plan.
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If you have a used car, you may want to ensure that you have a policy that promises to give you an agreed value settlement for your vehicle in case of an accident. With this type of coverage on your Chubb car insurance used car policy, Chubb will give you the agreed-upon value of your car if it is totaled in an accident. Without this type of coverage on your Chubb auto insurance used car policy, you may only receive the depreciated value of your vehicle if it is totaled in an accident.
Look for discounts
Unfortunately, the features that you add to your Chubb used car insurance can drive up the cost of your premiums. Luckily, Chubb offers customers many ways to save. If you qualify, you may be able to get any of the following discounts on your policy:
- Good student
- Driver training including defensive driving classes
- Air bags, passive restraints and other safety features
- Anti-theft devices
- Multi-car discounts
- Daytime running lights
Knowing if Chub car insurance used car policies will be the right choice for you might require you spending some time with a local, licensed car insurance agent with access to companies like Chubb. A local agent can answer you questions about coverage options and discounts and can even show you some sample policies for you to consider before you buy. Reply can help you here by putting you in touch with car insurance agents near you who can help you get just the right levels of coverage for you and your used car.