Last year I purchased a second hand car through a car loan. It was what I have always wanted, a car I will drive with the ownership registered under my name. It makes a hard working man have a sense of self fulfillment. I got a car insurance for the car since I am a new driver and I do not want to take the risk, I choose the best deal from the list of insurance quote offered to me at the time of purchase. I knew also that there are also car insure for rent car.I though I was fully secured not until last month. My car was stolen from a restaurant’s parking lot. The police were notified but as soon as I report the incident, my car would be chopped into pieces or totaled and no way of getting it back in full.
My car insurance provider paid the total cash value but the car loan had a bigger amount. I ended up losing a car and applying the gap between the money I got from my car insurance and from the loan I have. This year aside from the basic car insurance I will also be getting a gap insurance. I then learned on how to save on car insurance. And good thing this company also give chance to have cheap car insurance for bad driver .