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Category Archives: Auto Insurance

Affordable Auto Insurance

When you apply for auto insurance, one of the decisions you’ll have to make is how much your deductible will be, which is essentially how much you are willing to come out of pocket in the event of an accident. If the accident results in damages that require more than your deductible, your insurance company will cover the rest so in their eyes, a higher deductible makes it more likely that they will be “off the hook”. They reward you for that by reducing your premium so for a lower premium, increasing your deductible is certainly an option. Just be sure you have the cash on hand to cover those expenses in case an accident does occur. This also means not having any insurance claims on your record since that will obviously make the insurance cautious about doing business with you.

Add an Anti-Theft Device

This can help save you a few dollars per month as long as you purchase a system that your insurance company recognizes. It would be a good idea to check with them to see what the requirements are or if they have any recommendations on particular makes and models. In addition to the lower premiums you’ll enjoy, you can also rest easy knowing that your car will be a much harder target for thieves once you add your new alarm system.

Enroll in a Defensive Driving Course

This can also save you a bit on your payments but much like the anti-theft suggestion, you’ll want to be sure that your insurance company recognizes the course and that it’s approved. They might even be able to recommend some training facilities in your area.

Compare Rates Online

Quotes from different auto insurance companies can vary wildly, even for the same driver and same car. Since that’s the case, it’s always a good idea to check your insurance rates against what other companies might be prepared to offer. As long as you know you’re getting the exact same coverage in terms of the type of coverage and amounts, it might make sense to switch to a new insurance company and pocket the difference. Luckily many sites online provide instant quotes for auto insurance, allowing you to compare multiple offers at your convenience, any time of the day. Once you find an offer that meets your needs, you can have your new policy and insurance cards in hand in a matter of minutes.

Info of Different Car Insurance

Third party will offer a measure of protection, however it will not protect you entirely if an accident occurs, and most likely will not cover you if your car is stolen. If you possess a “High-Performance” or “Classic” vehicle, then you will need supplementary coverage, outside of third-party coverage. In fact, you will need full coverage, plus the supplementary coverage to protect your vehicle. The coverage offered to these customers is to protect them extensively, since the risks are higher and the cost of repairs on such vehicles is twice more expensive than standard vehicles.

If you only take out third-party insurance on a high dollar vehicle, then you will pay the cost of repair and suffer losses in the event you are in an accident, unless the other driver is at fault. However, if that driver is at fault, still you may pay the cost that is not covered under the other drivers insurance if he too has third-party coverage. The third-party coverage will cover drivers on “public roads,’ or private roads.’ The policy may offer limited coverage for ‘legal liabilities’ and ‘passenger indemnity.” The passenger indemnity means that if you are driving and your passenger hit’s a parked vehicle with the passenger door then you will be covered. The coverage may offer protection against fire and theft also, which will provide you a measure of coverage in the event your car is stolen or fire occurs.

However, you must read the terms and agreements carefully, since some third-party coverage is minimal and will not offer this protection. On the other hand, comprehensive full coverage will defend you on nearly every possible occurrence. Comprehensive full insurance coverage “is the complete form of car insurance” that “adds accidental damage” coverage “to the 3 policies discussed.”

The comprehensive coverage can protect you, despite the level of damage, and will cover you on many ‘personal accidents’ in the event you are injured. Third-party coverage was not planned to provide the coverage that the comprehensive policies bring. Third Party Only is a liability policy that will prevent you from charge if you cause an accident. The Policy will provide a measure of assurance that if you are in an industrial accident “the innocent party’s repair/replacement costs are insured against.”

Thus, insurance coverage is different and most companies base the pricing on age, driving history, gender, type of car, and so forth. Regardless of the type of insurance you are seeking, all policies have premiums. The companies will often ask customers to provide an estimated guess as to how many miles you drive each year and this too will affect your premiums. Most companies estimate that drivers should only drive around 12,000 miles per year, but it depends on the company.

Furthermore, under law you are responsible for your vehicle, therefore, if you are seeking insurance coverage and intend to allow other drivers to drive the car, make sure you get coverage for other drivers, otherwise if the driver causes an accident, by law you will pay for the damage, loss, death, and any other problem the accident caused. Thus, if you have a new car, high-performance vehicle, and other risky materials or issues that can increase your premiums, take not of each area that may be considered a high risk and point this out to the agent ahead of time. It makes sense to get several quotes if you pose a potential high risk to find the best rates on car insurance plans.

Save Money on Cheap Car Insurance

Start off by clearing all the old junk out of your garage, making enough room to squeeze your car in. A vehicle parked in a garage is so much less likely to be stolen or vandalised than one left on the street and a car insurance company will recognise this, giving a significant discount.

If there’s no garage available then the driveway still beats the street but do make sure that you get hold of a decent steering lock and, if possible, invest in an immobiliser too.

Arrange to go on an advanced driving course where you’ll learn a few extra little skills. It may seem a big hassle, especially if you’ve just passed your test, but motor insurance companies put a big value on courses such as Pass Plus, and as a result you should save a few extra pennies. As well as that, you’ll learn some valuable driving skills that are definitely going to come in handy somewhere down the line.

However much discount you’re going to be able to negotiate, your car insurance is still going to cost a fair bit. It’s tempting to spread the cost of the payment out over the course of a year, but if possible, try and pay it all up front. Most motor insurance firms charge a fairly high rate of interest, so if you really can’t afford to pay the lump sum, see if you can borrow the money more cheaply somewhere else.

If your car is getting on a bit, consider buying third party, fire and theft cover instead of fully comprehensive. If you drive a bit of a heap then think about whether your car is worth the extra premium that you’ll pay to get it comprehensively covered. You’ll still be insured against any damage that you cause to another vehicle or person and you’ll receive the whole value of your car if it happens to get stolen or burnt out.

Shop around for a quote; don’t just buy from the first company you come across. Try different combinations of options that are available to see what the best price you can get is. And if you do find a cheap car insurance quote that you think sounds good, tell another company and give them the chance to undercut the price. After all, they’re desperate for your business and so should be willing to knock off a few pounds to have your custom.

Most importantly, buy your car insurance online. High street insurance firms aren’t worth dealing with as they won’t have a chance of matching an online quote. An online firm, on the other hand, has got lower overheads so can afford to cut the price right down and give you a bargain.

Reduce Insurance Premiums

When car insurers provide you with a quote they run through a model that assesses what the potential risk is to decide how much to charge you for your insurance. The lower risk you are, the less you’re going to have to pay.

Here are a few of the things they consider when they’re deciding how high the risk is so the more of these you can reassure them with, the lower your quote is likely to be:

– They’ll ask you if your car is garaged overnight. This is because statistically cars left on the street at night run a much higher risk of theft or damage than if it’s safely tucked away in a garage. Even having the car on a driveway can help.

– They’ll ask you how many miles you drive. This one is obvious, the more miles you drive, the more chance you have of an accident. Try and be as accurate as possible with this one because an overestimate will cost you more.

– They’ll ask you if you’re married. Statistically people who are married have fewer accidents than single people and this is reflected in your premiums, particularly if you’re under 30. It’s a bit extreme popping the question to lower your car insurance, but if you’re thinking about it anyway, why not?

– They’ll ask you what your job is. Professional footballers crash cars much more often than accountants. If your job doesn’t fall into one of their categories directly, make it sound very dull and safe.

– They’ll ask you about additional drivers. If you’re young, it can be a benefit having an older driver on your policy so it could be worth asking Dad, even if he’s never going to drive your car.

– They’ll ask you about accident excess. If you are prepared to pay more yourself in the event of an accident, they’ll reduce your premium accordingly.

– They’ll ask you about levels of cover. If you’re driving a really old car fully comprehensive insurance might not be your best option. Consider a 3rd party option and run the risk of losing the car if you crash it.

– They’ll ask you about your licence. If you’ve got endorsements for speeding they’re got going to be impressed. Similarly, if you have advanced driving qualifications (you can do courses to improve your driving skills) they are going to be much more impressed.

Get Deal on Car Insurance

Only pay for the involve you must. While this seems like an evilessen receipt, it is surprising just how greatly specially involve we pay for but will never use. Again, save around for policies that match your circumstances.

From what you have read so far, determine if this article has answered any of the questions that you had on this complicated subject.

For example, a budding number of companies are presenting really competitive repeats for particular low luck groups such as elder drivers, women, downgraded mileage drivers and drivers with low luck jobs.

Qualifications such as the superior lashing or control lashing tests can make a titanic lessen in your car insurance document and it may be value your while thorough out insurers that specialize in that area.

For the norm driver, savings can be made by right accessories that downgrade the luck of accilessen or theft. skin such as airbags and opposing-stiffen braking systems can downgrade the number of accilessens on the street while vehicle immobilizers and satellite tracking systems will reduce the luck of theft.

Many car manufacturers are with wellbeing and wellbeing accessories as flag now so it pays to judge them when trade your next vehicle.

Where you save your vehicle also makes a difference to your car insurance charge. Is it garaged at night? How steady is the garage? Do you have CCTV, wellbeing patrols or a manned gateway? All these factors make it harder for thieves to take your vehicle and so magnetize reductions in your rule charge.

While looking at customs to cut your auto insurance premium charges many people are tempted to downgrade involve or upgrade the spare they are keen to pay. I personally think that this is a deceitful budget that could charge you extremely in the aftermath of a aver.

It is greatly easier and charge operative to purely exclusive the parts of the rule that are related to your lashing manner and cut out the involve that you do not demand. In this way, you are still copious involveed for lowest charge.

Types of Insurance Companies

Special Car Insurance

This kind of auto insurance is designed for vintage, classic and collectible cars. It has all the benefits that comprehensive insurance offers, so you are protected against all possible scenarios. Keep in mind that special car insurance does impose a certain limit- you can only drive your vintage car for a limited number of road miles a year. Be sure to talk to your insurance agent thoroughly about this matter.

Third Party, Fire & Theft Auto Insurance

As the name implies, you can only file for a claim under this type of insurance if you are at fault in a given accident, in the event of fire and if your car gets stolen. If you hit a wall or if another car hits you, you cannot claim for anything (you should instead let the insurance company of the person who hit you pay for the damages). This insurance is inexpensive, and is ideal for people who drive older cars that have already depreciated in value.

Auto Insurance Premiums Are Very Costly

Some of the things that determine how much you pay for auto insurance are listed below.

• What Type of Vehicle you Drive
There is a clear difference between makes and models of cars in regard to safety. Moreover, higher-end cars attached to a bigger price tag are more attractive to car thieves and are more expensive to replace; they are also more expensive to fix after an accident.

• Your Address
If you live in a place that has a higher crime rate, your premium will reflect the risk of theft. If you locality has proportionately more auto accidents and submitted claims, it will have an effect on your premium as well.

• How You Use Your Car
If you use your car for the commute to and from the workplace or use it for business purposes, you’ll find that you will have a higher premium than those that drive just to go to the grocer or for leisure trips.

• If You Are a Good Driver
If you never have gotten a driving ticket or never been an accident, you will have a lower insurance rate than those who have a less pristine driving record.

• Your Claims Record
If you have previously filed insurance claims, especially if they have resulted in big payouts, your insurance premium will reflect that. But you may also find a rate increase if you have only filed claims in regard to accidents where you are not at fault.

• How Old You Are
Young drivers, especially boys in the teen years, are grouped together as riskier drivers because the statistics say they display poor driving habits and are involved in and cause many more serious accidents than older drivers. To a lesser degree, those sixty-five and older may find their insurance rates up due to age matters that contribute to poorer reflexes, eyesight issues and more.

• Marriage Status
Studies show that husbands and wives are not involved in as many collisions as those who are not married.

• How Your Credit Rates
Though this may not seem fair to some, insurance companies may class you as a driving risk due to your poor credit score.

Speaking to a knowledgeable specialist employed by an independent insurance agency will help you navigate through the web of insurance policies so that you are presented with the most tailored one at the most competitive price.

About Uninsured Motorist Insurance

Uninsured motorist means just that – a driver that doesn’t have insurance. And if they smack you and they don’t have insurance, then you have to sue them to get any money or to get paid for damages. But guess what? If they can’t afford insurance, do you really think you’ll be able to get any money from them if you sue? You could sue and probably win. But then you’d have to get a judgment and IF they had a job, then you could get their wages garnished for years and years to finally pay back the damages.

But it can go deeper than that. What if someone was hurt? Uninsured motorist covers you and your passengers up to the coverage you currently pay for as if you had the accident. So, if you had $100,000 coverage, but it wasn’t your fault, then your insurance company would pay the medical bills.

Try garnishing someone’s wages for $100,000. By the time they got close to paying you off, you’d die of old age.

Some insurance companies combine uninsured motorist coverage with underinsured motorist coverage. Let’s say they have insurance, but not enough to pay for all the injuries and repairs. Then your underinsured kicks in and pays the rest up to your policy limits.

Nobody wants to get into a car accident, especially with someone that doesn’t have insurance. Unfortunately, some people get insurance only long enough to get the tags for their car and then cancel their policy. Sure, they might get a ticket or if they have an accident, get fined, but these laws and fines still don’t get your car fixed.

Find Auto Insurance Plan

First, you need to ask what your budget is. You need to know what your finical status is and how much you can afford every month for auto insurance. Then you can narrow down some of the more expensive coverage in your insurance plans.

Second, decide the amount of coverage you want. Decide whether you want 15,000$ coverage per accident or 30,000$ coverage per accident. Normally, people will try to save money and choose a lower coverage. Personally, I would recommend choosing full coverage that would an accident fully. The reason is because the price difference between the two are minimal compare to the amount of they cover. For example, the difference maybe 10$ amount which means 120$ a year; however, if you get into an accident, the insurance policy will pay you maybe 50,000 than 15,000. You see the difference?

Lastly, find out what is the price range is for the coverage you have selected. After you know how much you want for your coverage. Go to different companies and ask how much their price is for the same coverage by calling them or checking it on their website. After you know how much different insurance companies cost find a well known brand with the lowest price on the same coverage.

Info of Liability Car Insurance

Liability insurance covers medical bills and legal responsibility for you if you are involved or cause an accident. If you are sued, and believe me I know, the “injured” party will sue for everything you’ve got and hopefully settle for whatever your limits of liability are.

I rear-ended a hooptie old pickup truck. Not bad, mind you. I checked on the lady and asked if she was all right. After she found her purse, she said oh, my neck, repeatedly until the ambulance arrived. The only damage to her no tail light truck was the home made bumper was bent. She was paid $2800 for a $500 truck and then she sued me for $78,000.

I only had coverage for up to $25,000 and she took the full amount and dropped the case, but she could’ve sued for more. I would’ve had to sold everything I had and then some to pay her off. So if you haven’t already, increase your limits of liability. I didn’t know I should increase my limits as I relied on my insurance agent to take care of me. He didn’t care. You know how much more it cost to raise my limits? $8. whoopee. I had to make him increase it.

Remember, you don’t always hit hooptie trucks in an accident. You could crash into a brand new Mercedes and that would easily eat all your insurance. Even a brand new “regular” vehicle can cost $25,000. I recommend you raise your limits to protect your home, family, savings, retirement, and any financial future you hope to have.