Rule No 1: For car insurance purchases-Don't buy auto insurance out of fear.
Auto insurance is one of the most expensive parts of your financial plans, yet if you must drive, you have to buy it, no question. Its a nice thing to do to stay in the good book of the law whether you live as far as China or the city of Mexico the demand is equally the same.
Normally, you're expected to dedicate a worthy portion of your total disposable income to fund a car insurance which could be a reasonable 4-10% of your yearly income for those whose annual taking falls within the range of $20, 000-$30,000. Spending this amount makes it necessary that you take your automobile insurance policy serious to safeguard against the loss of avoidable resources.
Rule No 2: For car insurance purchases-Do buy auto insurance using good financial judgment.
Its funny and yet complex when you consider the fact that once you start paying an expensive premium for your car insurance plan, it becomes almost impossible to change it except you decide to call off the contract.
According to statistics of fatal car accidents its one(1) out out of a hundred accidents over a period of ten(10) years that it will be fatal. If that scares you, check out the highest killers . Diseases and sicknesses kill 20 times more over a ten(10) year periods than auto crash.
The best assurance you can get for your life as you cruise with your family is the insistence that everyone wears a seat belt before you start driving. The benefit of wearing a seat belt cannot be over emphasised.
While driving about 50miles/hr on a straight road with little or no traffic lets understand what is happening at that speed. Suddenly applying the break, your body will be thrown forwards with great force, and your seat belt will hold you in place as your body is being "thrown forwards". In actual sense, however your body was actually not slowing down much at all and your body speed relative to the car initially was much greater. The car began to slow down due to break force and your body in accordance with Newtons First law wanted to continue to move at the original constant velocity. Now if your seat belt was not there to provide an opposing force, to your momentum and inertia, by holding you from going forwards, you very likely would have been thrown into the dash or steering wheel no doubt.
April 2008, my wife, our two kids and I were in a Toyota corolla driving to a new by place of worship, and I was driving at a speed of 25km/hr and suddenly a car overtook us and applied the break immediately and because it happened so quickly when I hit the break the car slowed down but eventually crashed into the car in front. You know what, we weren't wearing seat belt. We came out of the car with some injuries (even though we were merely doing 20km/hr) especially I and my darling wife who were seating in front.
Sometimes I begin to wonder what impact an automobile crash (going 60km/hr or 100km/hr) will have on the occupants if they weren't wearing a seat belt. After that experience I made up my mind never to drive unless everyone wears a seat belt.
To continued
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