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Monthly Archives: September 2018

You Need Car Insurance

Actually, understanding well about auto insurance before taking a policy of car insurance will give you the confidence that the insurance company you choose is the best and will take care of your needs in case of necessity. There are many factors to be considered before you choose your auto insurance. Some of the factors are the type of car you have your driving records and the amount of premium you can pay.

Actually car insurance is a must when you have a car. Purchasing car insurance is actually buying a policy, which is based on the factors like the type of car you have and the kind of insurance you opt for. Car insurance policies are in fact a package with different coverage for your vehicle.

The liability coverage pays for any injuries in the body, which includes medical expenses, suffering, pain and wages lost. It also includes other damages like damages to property and automobiles.

There is another coverage called collision, which usually pays for the damages caused due to collision with other vehicles or other objects. The comprehensive coverage is not just for any car accident but also for damages caused due to fire, flood, theft, hail or vandalism.

The medical coverage pays for the medical expenses caused by car accidents. When your car meets with an accident and you use a rental car, then you can make use of the rental reimbursement coverage. More often this coverage offers daily allowance for rental cars.

Apart from the safety net that they provide you in case of accidents that may be your fault or the other driver’s fault, the most important reason that car insurance is mandatory is that almost every state has laws requiring a certain minimum amount of insurance for cars and drivers. It is better to know the laws prevailing in your state to find out the optimum amount of insurance you require.

While purchasing you should also look for companies that offer discounts on many grounds. There are discounts for accident free driving, for good students, for having more than one car etc., so ask the company about the discounts that you can avail.

Discount Car Insurance

Multiple Policy Discount – This one is common and yet there are many people that do not take advantage of this discount. This discount can be as high as 15{003491dbbd4cc0b74e69580e955ffd3c40a8346a4eefda9728ac2915a176b5e3} with some companies.

Good Driver Discounts – Insurance companies love to reward the driver that has an excellent driving record. These are profitable policyholders and help bring the over all rates down.

Auto Safety Features Discount – Automobiles with airbags and seatbelts receive lower rates. Anti-lock brakes and anti-theft devices also lower car insurance rates. The vehicle identification number will identify all of these features and so it is important to give that number to whoever is quoting your car insurance.

Young Driver Discounts – Many companies give substantial discounts for high school and college students that have a 3.0 grade point average or better. The drivers training discount has been a standard discount for young drivers. Find a company that has both and you will help lower premium dramatically.

Senior Citizens Discounts – Drivers 55 and older are given retirement discounts if no longer employed. Homemakers can qualify automatically at age 55 with some companies. Mature driver discounts are also available when a driving course is completed.

Lower Tort Option – There are some states that have a lower or limited tort option. This is your ability to sue for pain and suffering. The lower tort option limits your ability to sue but at the same time it can save you 20{003491dbbd4cc0b74e69580e955ffd3c40a8346a4eefda9728ac2915a176b5e3} or more in your premium. Contact your agent or insurance company about the tort laws in your state.

Auto Insurance Savings

According to one reliable source, the average auto insurance premium fell almost 2 percent last year, to an average of just over $2,300 per household.

That may not sound like much, but it translates to an average savings of $60 a year.

If you weren’t one of the lucky ones who got a pleasant surprise when your auto insurance policy renewed this year, don’t despair. You can still save money on your premium by following a few simple steps:

Comparison Shop. If you have a good driving record and/or buy a safer car, your premium should go down. Plus, with some companies now charging lower rates, increased competition means better auto insurance rates for you! Take advantage of online marketing services like InsureMe.com to find the best auto insurance rates from competing insurers.

Find out what your insurance will cost before you buy that new car. Auto insurance companies typically charge more for cars that are expensive to repair or don’t fare well in accidents. So before you drive off that lot, make sure your new car is considered safe, and relatively cheap and easy to repair by your insurer. This will help minimize risk…for both of you!

Ask your insurer for discounts. These cost-savers can lower your insurance premiums more than you might think:

Combining two or more cars on one auto insurance policy

Buying a car with airbags or other safety equipment

Installing anti-theft devices in your vehicle

Completing a driver’s education course

Insuring your home and auto with the same insurer

Applying for a mature driver discount (for those between 50 and 65)

Getting good grades (for students under 25)

Take the highest deductible you can afford. Your deductible is the amount you pay out-of-pocket, in case of a claim, before your insurance company starts paying its share. The higher your deductible, the lower your premium–it’s as simple as that. Just be sure you’re able to absorb a larger portion of your loss in case of an accident.

Improve your driving record. The more tickets and accidents you have, the more your auto insurance costs. So drive cautiously, improve your motor vehicle record, and inform your auto insurance company of the change. They’ll reclassify you as a safer driver, and lower your auto insurance rates in the process!

Consider dropping comprehensive and/or collision coverage if you drive an older car. Physical damage coverages like these reimburse you for damages to your own car. But if the vehicle you drive is several years old–or worth less than $1,000–it may not be worth much anyway. Dropping such unnecessary coverage can really save you money.

Review your policy regularly, and keep your coverage updated. Your auto insurance rates may fluctuate due to:

Adding or removing a driver from your auto insurance policy

Replacing an older vehicle with a newer one

Adding or removing a vehicle from your policy

Increasing or decreasing the number of miles you drive annually

Talk to your insurer if you encounter any of these situations. Under the right circumstances, you’ll reduce the impact on your wallet–and walk away a few dollars richer!

Travel Safe

Today, all 50 states require some form of financial responsibility when it comes to automobiles. Some states require actual car insurance from a licensed car insurance company, and some merely require us to provide proof of financial responsibility should we find ourselves in a motor vehicle-related accident one day.

Even though it’s illegal to skip out on your state’s car insurance or financial responsibility requirements, the fact is that many people to skip out. This is why it’s so important for you to protect yourself with adequate car insurance or financial responsibility, especially if you frequently travel. When we travel, we aren’t always familiar with the interstate highways and smaller town roads we drive to get to our destinations. Other drivers may be just as unfamiliar with the roads as you are. This unfamiliarity can lead to motor vehicle-related accidents.

If you’re involved in a motor vehicle-related accident with a driver who doesn’t have any car insurance, much less adequate car insurance, you’ll be able to rest assured that you’ll at least be covered. You can do this by not only meeting your state’s car insurance or financial responsibility requirements, but by exceeding them. Consider going beyond just purchasing liability insurance and purchasing full coverage insurance. You should also look into underinsured motor insurance coverage – this will protect you in the event that you’re involved in an accident with a driver who has no insurance, or not enough insurance, to cover physical and property damages.