Not All Insurance Is Created Equal.
The insurance premiums are calculated on a number of criteria, the vehicle and drivers being the primary factors; but, also, the parts costs involved in the auto body repair. Parts costs are effected by a wide number of factors. In many cases your insurance policy will mandate aftermarket auto body parts be used in the repair of your vehicle. While aftermarket auto body parts have a place, consider that they may affect the resale value of your car or truck. Additionally, you do not want aftermarket auto body parts on your 1 year old vehicle with 11000 miles. Unfortunately, many insurance policies state that if the vehicle is one model year or over 10000 miles they can use aftermarket auto body parts.
Please note that the model year is used, not the actual age of the vehicle; meaning, if you bought your 2008 car or truck in November, and had an accident in December, your automobile is over one model year old. (the new model years generally come out in August). This scenario can lead to added costs. If you want new OEM auto body parts, you may be responsible for the cost difference. Take the time to read or ask your insurance agent what you are paying for when you get an insurance quote; most times, your vehicle is the second largest purchase you will make. When dealing with an insurance claim, remember that the money the insurance pays out is your money, make sure you get what you paid for. Substandard parts and repairs can significantly decrease the value of your vehicle.
Make Sure You Get Your Rental Car.
Rental Car coverage is also misunderstood. It is an added costs to your policy. If you are in an auto accident, that is your fault, and can not drive your car; can you afford to be without a vehicle while it is being repaired? These costs would be in addition to the deductible, and can easily add $40-$50 per day.
