Tag Archives: Auto

Get Student Auto Insurance at the Best Price

The reasons due to which young people pay more largely vary. While the main reason continues to be the historic accident data and lack of driving experience, young people can still save some money by leveraging on the discounts that are offered. Auto insurers generally offer a discount even for teenagers. All that you need to do is enter your details such as car, age and zip code and you can see the available discounts within a few seconds. Listed below are the typical student discounts that a teenager can avail:

1. Good Student Discounts

Students studying in college or high school are eligible for this type of discounts, with the only parameter being that they should maintain good grades. By studying hard, students can manage to save considerable money. As per the research conducted by auto insurers, it was observed that students who excelled in studies were at a lower risk of accidents. Hence, the financial risk involved with these types of students is less, due to which they can enjoy discounts when they maintain good grades. The basic idea behind this discount is that it takes consistent commitment, dedication and qualities to achieve good grades and it also means that they possess all the qualities to be a great driver.

Qualifications for a Good Student Discount

· The discount rates are generally offered to students who maintain a B or higher grade throughout the year. When this criterion is met, they are entitled for a discount of 10% from the auto insurance premium. Not only does hard work help you succeed in life, but it also helps you in saving some significant money when you are studying.

· The student must be a full-time student and must not be doing a part-time or distance learning course.

· There is an age cap of 25 years on the student.

For parents who are paying the insurance premium of their kids, you can always lure them to study harder. If they try for it and are unable to achieve it for some reason, you can always motivate them to study harder and perform better in the year to come.

2. Certified Driver Safety Classes

There are different types of education classes meant for drivers. They are taught by highway patrol officers and other experienced drivers who will share the valuable tips about driving. By learning from them and passing the class, you obviously become a better driver than you were. When you produce the certification to insurance companies, they can give you a discount of up to 10% of your premium. However, when you join certified driver safety classes, you will have to ensure that they are recognized by the auto insurers.

3. Buying a car which has a lesser insurance cost

The cost of the car and type of car you are buying plays a major role in determining the premium. For teenagers, the cost of insurance is anyway twice that of the cost paid by a 40 year old. However, the car you choose can help you to lower your rates to a certain extent. Do not buy sports cars like Porsche or any new flashy cars that is a favorite among thieves. To stay safe and avoid major car insurance costs, buy used cars such as Toyota Camry, which is safe and does not come with a huge price tag for insurance premium.

4. Resident Students get a discount!

Students who are planning to join a college or university in a different place, which is generally at a distance of over 100 miles, are eligible for this type of discount. Although not many people know about this, this discount can be enjoyed by students who do not plan to drive to their school or use their car only on limited occasions when they are home. However, this must accompany a proof such as an admission letter along with the address of the college. The auto insurer will also require proof of mileage and this discount might come with a few restrictions.

5. Research and find the cheapest student auto insurance online!

If you spend some time researching on the internet, you can find student car insurance at cheap prices. Car insurance companies generally offer insurance covers at a cheaper price compared to the rates charged by agents and other third parties. In a matter of few clicks, you can compare the policies and pick the one that best suits you.

4 Things to Consider When Purchasing Auto Insurance

Are you looking to buy a new insurance for your car? If this is the case, then you might be overwhelmed with the wide variety of offers that are present on the market. So how do you proceed? In this article, we will be providing 4 tips to help you make the best decision when purchasing auto insurance.

Know your requirement

You need to know what you are looking for before starting your search for an auto insurance company. Not all companies are equal, and each one of them specializes in one area of insurance. For instance, some companies specialize in low-cost insurance while others might charge a premium but offer a better service. The key here is to determine which type of auto insurance you want, and then you can start your search.

Consider the reputation

It is also important that you consider the reputation of the insurance company. Some companies might offer some fantastic policies only for you to find out later on that they are not easy to deal with when it comes to claims. For this reason, you should ensure that you check the reputation of the company first.

A quick search online should provide you with feedback from other buyers, and there are plenty of forums online where you can interact with other insurance policy holders to find out whether the company you are interested in is a reliable one or not.

Accessibility

Some companies are only available through online channels while others have local offices. In the majority of cases, the ones that are available solely online are the cheapest, but it can be difficult to get in touch with a real person in the event of an emergency.

If you are more confident in dealing with a real person, it might be important that you consider an insurance company that may have local offices in your area. Also, make sure that there is a phone number listed on the website to ensure that you can quick access to the company.

Compare quotes

As mentioned above, not all insurance companies are equal, and it might be interesting to compare quotes. Nowadays everything can be done online or via email, and this can allow you to get numerous quotes quickly. Just make sure that you are comparing like with like as policies may differ between companies.

Once you are satisfied with a quote, you can still call your insurance agent to discuss further and attempt to get a lower rate for your auto insurance.

Things You Need to Set Up an Auto Insurance Policy

Money is an obvious one. And, of course, having a vehicle to insure and a garaging address is another. A completed application with signatures applies to all polices. Also, each company will have their own unique set of guidelines for what you will need. Lastly, legal requirements can change in different jurisdictions.

Payments to start a policy are mostly made by check or credit card. Many policyholders now a days use an electronic form of payment. For credit and debit cards the account number, expiration date, and security code are needed. For an electronic funds bank transfer the account and bank routing numbers. In either case the account holder, which is not always the policyholder, must provide authorization.

Before a policy can begin the exact Vehicle Identification Number or VIN (17 digit alpha numeric) is needed. Providing the year make and model is insufficient. Each car has a unique VIN which identifies the characteristics for that particular car. Air bag, antilock brakes and other vehicle features are verified. CLUE reports (Claims Loss Underwriting Exchange) indicating vehicle claims history require the correct VIN.

Information not provided on computer generated reports such as the MVR and CLUE are necessary to complete the application and issue (begin) a policy. Be prepared to provide the employer (school) name and address for all drivers. When making payments on the car the bank or leasing company name and address is necessary. The application will have to be signed and payment authorized.

Companies often require a variety of documentation supporting the policy. Proof of prior insurance or school transcript for discounts is typical. Photographs of the vehicle or policyholder picture identification are less common. If there are different vehicles in the household covered by another insurance policy you may be asked to provide proof. Not all jurisdictions have the same legal requirements. For example, 7 counties in Florida require mandatory vehicle inspections when starting a new policy that include physical damage coverage.

Most, but not all, of the necessary information for a policy is generated by reports from your name, address, drivers license and VIN numbers. It is imperative that the 17 digit VIN number you provide is correct. Complete information, payment details, specific requirements, and signatures are the things you need to set up an insurance policy.

What Do You Mean My Auto Insurance Policy Doesn’t Cover This?!

Auto insurance is an agreement between you and your insurance company where you arrange to pay a premium in an exchange for the peace of mind that your insurance agency will pay for vehicle related financial losses during the duration of the policy. You need auto insurance because you are liable by law to pay for losses you cause to others in the event of an automobile accident. Purchasing auto insurance is the surest way to guarantee you will be able to fulfill your end of the bargain. In some states it is required that you have minimum forms of insurance in order to drive. You also must have insurance in order to finance a car.

One of the first questions you will be asked when obtaining automobile insurance is how much of the covered loss or deductible do you want to be your responsibility? You may choose between $100, $250, $500, or $1,000. The higher your deductible the lower your premium however you must keep in mind that the deductible is the amount you must pay before your insurance will assist you. If you cannot afford to pay the first $1,000 of the covered loss you may want to consider how much you can afford and choose a lower deductible.

Your insurance coverage is broken down into each purpose you would need to be covered for. One of the most common coverages include liability which pays out when the insured driver is legally responsible for bodily injuries and property damage they cause to others. Bodily injury damages cover medical expenses, pain and suffering, lost wages and other special damages. Property damage includes damaged property and loss of use. Liability also pays legal defense expenses. Each state has a set minimum amount of coverage you must carry but you may opt for higher amounts.

Personal injury protection pays medical expenses for covered individuals despite who is at fault for the accident. It also covers rehab, lost wages, replacement of services and funeral expenses. Medical payment coverage pays medical and funeral expenses regardless of fault when the causes of these requirements are due to an automobile accident. Collision coverage pays for damage to an insured vehicle caused by collision with another vehicle or object. Your deductible will apply to collision coverage.

Comprehensive coverage pays for loss of or damage to an insured vehicle unless is damaged or lost as the result of a collision. Comprehensive would cover losses due to theft, fire, wind, hail, flood, vandalism or impact with an animal. Your deductible will apply to comprehensive coverage.

Uninsured motorist pays for loss or damage caused by another driver who does not have liability insurance. Under-insured motorist coverage pays when the insured driver is injured in an automobile accident caused by a driver who has an inadequate amount of liability insurance. Rental reimbursement pays rental vehicle costs when your vehicle is put out of commission as the result of an automobile accident. Daily monetary limits may apply. Emergency roadside assistance coverage pays towing expenses when your vehicle breaks down. Distance limits may apply.

Your policy will generally cover you, your spouse children and other family members who reside in your residence as well as anyone else who has permission to drive your covered automobile.

Auto Insurance Primer

What is auto insurance? Auto insurance (or car insurance, motor insurance) is insurance consumers can purchase for cars, trucks, and other vehicles. Its primary use is to provide protection against losses incurred. By buying auto insurance, depending on the type of coverage purchased, the consumer may be protected against:

* The cost of repairing the vehicle following an accident

* The cost of purchasing a new vehicle if it is stolen or damaged beyond economic repair

* Legal liability claims against the driver or owner of the vehicle following the vehicle causing damage or injury to a third party.

Liability insurance covers only the last point, while comprehensive insurance covers all three. Even comprehensive insurance, however, doesn’t fully cover the risk associated with buying a new car. Due to the sharp decline in value immediately following purchase, there is generally a period in which the remaining car payments exceed the compensation the insurer will pay for a “totaled” (destroyed, or written-off) vehicle. So-called GAP insurance was established in the early 1980’s to provide protection to consumers based upon buying and market trends. The escalating price of cars, extended term auto loans, and the increasing popularity of leasing gave birth to GAP protection. GAP waivers provide protection for consumers when a “gap” exists between the actual value of their vehicle and the amount of money owed to the bank or leasing company. In some countries including New Zealand and Australia market structures mean that people are more likely to buy a nearly new car than a new car so this is less of a problem.

In the United States, liability insurance covers claims against the policy holder and generally, any other operator of the insured’s vehicle, provided they do not live at the same address as the policy holder and are not specifically excluded on the policy. In the case of those living at the same address, they must specifically be covered on the policy. Thus it is necessary for example, when a family member comes of driving age they must be added on to the policy. Liability insurance generally does not protect the policy holder if they operate any vehicles other than their own. When you drive a vehicle owned by another party, you are covered under that party’s policy. Non-owners policies may be offered that would cover an insured on any vehicle they drive. This coverage is available only to those who do not own their own vehicle.

Generally, liability coverage does extend when you rent a car. However, in most cases only liability applies. Any additional coverage, such as comprehensive policies, i.e. “full coverage” may not apply. Full coverage premiums are based on, among other factors, the value of the insured’s vehicle. This coverage may not apply to rental cars because the insurance company does not want to assume responsibility for a claim greater than the value of the insured’s vehicle, assuming that a rental car may be worth more than the insured’s vehicle. Some states, such as Minnesota, may require that it extend to rental cars. Most rental car companies offer insurance to cover damage to the rental vehicle. In some regions, the costs associated with not having access to the vehicle (“Loss of Use”) is also covered.

When Getting Auto Insurance, the First Thing Most People Do Is Get a Bunch of Quotes

Auto Insurance Quotes comparison should include a few more steps than checking your wallet. First is to get all the information presented to you in order, this means getting accurate quotes in the first place. If you did not give the company your cars make and model as well as your driving record, chances are you were given a ballpark quote that may be a lot more, or less, than you will pay. Often insurance companies give ballpark ranges of their lowest paying customers in order to entice you to join, only to nail you with much higher premiums later.

Getting your insurance quotes on an apple to apple basis can be hard, not all insurance policies are the same. The main factors to compare are bodily injury, property damage, collision coverage and uninsured motorist coverage. Personal injury protection is also favored by many people as it ensures full coverage. Never assume that coverage is the same between companies just because the price is similar. Compare to your existing coverage, or that of a friend to determine the coverage offered is adequate, or insufficient for your needs.

While you glance over a friends policy, ask for their opinion. People are happy to tell you about bad companies, and good as well, ask whom they use and have used. Another test many people use is to call the potential companies claims line, note how long it takes to get a person on the phone. Either hang up or simply explain you are comparing insurance quotes and wanted to see response times of their claims department. If you have one or two companies in mind at this point check their social media websites, this will quickly tell you how their customer service really is; people are very fast to complain publicly if they feel wronged by a large company.

The final check you should do when performing an Auto Insurance Quotes comparison is to check your top choices finical standing. The internet is the fastest place to check the credit standing of a company, but calling customer service can also yield results. A company in poor standing finically, is at a higher risk of dropping your policy or being unable to pay out to you should you need to file a claim. Worst-case scenarios are rare, but they can happen to anyone, always choose coverage for the worst situation, to ensure you are covered no matter what life throws at you.

All You Need to Know About Auto Insurance

What is auto insurance?

It is an agreement between you and the company that defends you against any monetary loss in the happening of an accident or theft. In trade for your paying a premium, the insurance company agrees to pay your losses as summarized in your guidelines.

Auto insurance is made obligatory by most of the states and this provides you with some economic protection in case of an accident or any misfortune. But this information is not enough for an individual to decide whether he should take up auto insurance or not. For this, you need to more about different kinds of aspects provided by various schemes. So let us learn how this works and what is obtainable from it.

Different types of Auto insurance:

• Property – This includes losses such as damage to or theft of your car.

• Liability – This includes your official responsibility to others for physical injury or assets damage.

• Medical – Includes the cost of treating injuries, therapy and any other kind of medical expenses.

Fundamentals of Auto Insurance

You need to understand some basic things about your scheme. Auto insurance might be different in some ways but here are some common things about it that will mostly remain the same.

• Your policy will cover you and your family members listed on the auto insurance, whether you are driving your car or someone else’s car (with their authorization).

• Your policy will also provide protection if someone who is not in your scheme is driving your car with your approval.

• Your personal vehicle insurance only covers driving for personal reasons, whether you’re commuting to your office, running household errands or taking a trip to another city. But it will not provide any kind of cover if you use your car for profitable purpose. For instance, if you rent out your car or use it for delivery purposes.

• Personal auto insurance will also not offer coverage if you use your car to supply transportation to others through a ride-sharing service such as Uber or OLA. A number of auto insurers, on the other hand, are now offering supplemental products (at an extra cost) that expand coverage for automobile owners providing ride-sharing services as well.

Is Auto Insurance Mandatory?

Requirements differ from state to state and you might have to get it depending on your state’s legal guidelines. If you are financing a car, your lender may also have its own necessities and might want you to get it. Almost every state requires car owners to take:

• Bodily injury liability – which covers expenses related to injuries or death that you or another person has faced in an accident while driving your car.

• Property damage liability – which compensates others for damage that you or another person who was driving your car might have caused to another vehicle or other property, such as any boundary marker, any building or pole in the accident.

These things make it compulsory to enroll in one policy as soon as possible. This will not only help you but also your family members. So make sure you take up a policy as soon as possible for a safe and secure drive.

Cheap Full Coverage Auto Insurance Guide: Learn About Different Options and Where to Find Good Rates

No matter which state you live in, you’ll be required by law to have at least some sort of auto insurance. The basic requirements vary from one state to the next, but essentially you’ll need enough coverage to help pay for any damage or injuries you might cause others. What if it really isn’t your fault, though? What if you wind up in the hospital yourself? Or what if you don’t have enough money to pay for having your own vehicle repaired? The best thing to do is try to find cheap full coverage auto insurance.

Check out different quotes to see how you can get a deal on comprehensive and collision insurance. There are many sites that allow you to look over various policies. You’ll likely have to enter in some personal details, like your age, state, car model and make, and how long you’ve had it. There are obviously going to be some factors that affect the types of rates you get, from your driving record to your credit rating. The higher “risk” that you are, the higher the rates you’ll get.

Try to find coupons and special discounts wherever and whenever you can. Auto insurance discounts usually come in three types: ones based on your policy, for car safety features, and for being a good driver with a clean record. The rates tend to be higher for younger drivers, as they are considered higher risk when compared to older, more experienced drivers.

Adult Drivers Can Get Cheap Full Coverage Auto Insurance

However, even if you are an adult driver who’s had your license for years, you still might have difficulty obtaining cheap full coverage auto insurance if your record isn’t the cleanest. Carefully look over the “Discounts” page of a car insurance company’s site to see if there is any type of savings you might qualify for.

There is no rule that says you have to get vehicle insurance by one of the major companies. There are many small companies throughout the country that offer decent rates. With the smaller providers, you can get a more personalized experience as well.

Think about your own limits and deductibles. If you are financially comfortable, then it’s probably okay to opt for a higher collision / comprehensive deductible. Raising the deductible obviously means that you’ll get cheaper insurance, whether you pay for it monthly or annually.

It goes without saying that you should ALWAYS read reviews and comments about different insurers when comparing rates. One place that’s been getting plenty of reviews these days is esurance. There are tons of cheap full coverage auto insurance esurance discounts that you might quality for.

Tips, Tricks, And Advice On Auto Insurance

Don’t put yourself at risk of the financial burden by not having auto insurance for yourself or your teen drivers! Having auto insurance protects you and helps offset costs, should you be in a car accident. Use the following tips to pick the right auto insurance company to fit you or your teen driver’s needs.

As you choose car insurance, be sure to properly protect yourself when it comes to liability for property damage and bodily injury. The right amount of coverage in this area can make a big difference in the event of an accident. Not having enough coverage can leave you with a lawsuit that can be hard to recover from.

When insuring a teenage driver, lower your car insurance costs by asking about all the eligible discounts. Insurance companies generally have a discount for good students, teenage drivers with good driving records, and teenage drivers who have taken a defensive driving course. Discounts are also available if your teenager is only an occasional driver.

When considering insurance for a young driver, it is wise to not purchase an expensive car. Rates are high enough for teenagers, they will skyrocket depending on the type and worth of a car. In this situation, safety is one of the highest factors affecting insurance costs.

One of the best ways to drop your auto insurance rates is to show the insurance company that you are a safe, reliable driver. To do this, you should think about attending a safe-driving course. These courses are affordable, quick, and you could end up saving thousands of dollars over the life of your insurance policy.

When shopping for an auto insurance policy, most companies are going to offer extras like towing, road-side assistance, GPS services, and other add-ons. These may come in handy if you’re ever in a pinch, but they can be really expensive. Say no to these extras in order to save money on your insurance.

There are a lot of factors that determine the cost of your automobile insurance. Your age, sex, marital status and location all play a factor. While you can’t change most of those, and few people would move or get married to save money on car insurance, you can control the type of car you drive, which also plays a role. Choose cars with lots of safety options and anti-theft systems in place.

Check into how much you would save by using the same insurer for both your home and your car. Some companies offer a discount if you have multiple policies with them. The majority of companies today do insure a variety of items, so it is a good idea to look into the possibility.

To make sure you’re getting fair pricing in your premiums, verify that your reported information is accurate in your policy. For example, ensure that the make/model of your vehicle is correct, the number of miles on the vehicle when you took out the policy, etc. Even your reported commuting distance is important as shorter commuting distances can have a positive effect on your premium savings.

You will want to make sure to contact your insurance company if you get a divorce and no longer want your ex to be on your policy. If they get into an accident while they are on your insurance policy, it could cause your rates to go up, and you will have to pay for their mistake for the rest of the time you have a policy with that company.

When you purchase a new car, you should keep your insurance rates in mind and look for the best safety features you can get. Safer cars are cheaper to insure. Because insurance companies are responsible for medical liability, they will charge a lower premium for safe cars that minimize injuries in an accident.

Know the laws in your state concerning auto insurance. In almost every state, car insurance is compulsory. You can face stiff fines and penalties for not carrying adequate car insurance. Some states are even known to jail repeat no-insurance violators. Educating yourself is important so that you can comply with the laws.

When trying to decide on an insurance company for your auto insurance, you should check into the department of insurance from your state. You will find some valuable information there which will include closed insurance cases, important financial data as well as licensing information. This research will help you decide if you feel comfortable trusting this insurance company.

Pay for your auto insurance coverage in one payment up front. When you pay in full you will not be charged interest charges as you would if you were paying monthly. This means some companies also offer you a discount if your coverage is paid for ahead of time. Monthly payments can be convenient, but they may not be as affordable as you would like.

If you live in an urban area or an area where there are many wild animals, you may want to consider animal collision on your insurance. Repairing a car after you have hit an animal, especially a large one, can cost you thousands of dollars. Animal collision covers all of these costs.

A big part of setting the cost for your auto insurance premiums has to do with the type of car that you drive. Remember that when you are in the market for a new car – cars that are more expensive to repair, for example, will often result in higher insurance rates.

Ensure that your car insurance plan pays up front for car rentals. Drivers whose policies do not include rental coverage may wish to secure additional insurance for this purpose. The extra policy can be as much as $20 per day. If your car requires major repairs, you could be paying for quite a while.

Don’t allow your teen or yourself to drive without auto insurance. Car accidents and car repairs can be incredibly expensive. Having auto insurance before something happens is important so you can protect you and your family from a financial struggle! Use the tips above to get auto insurance today!

PIP: Insurance Coverage That You Want Together With Your Auto Policy

Ever hear of PIP? For those unfamiliar, we’ll give you the long form name for this form of coverage. Personal Insurance Protection is an extension of an auto insurance policy that is an optional coverage in some states, a required coverage in others and not available in still other states.

What is it?

PIP or Personal Insurance Protection is a medical insurance that protects you or your passengers if there is an injury from a car accident. If you have acquired it, PIP will cover medical costs and more even if you are responsible for the accident or collision.

Understandably, the coverage is also known as ‘no-fault insurance’ due to the nature of coverage not being dependent on liability.

Of course in states like New Jersey, New York, Pennsylvania and Florida where the Personal Insurance Protection is mandated, drivers need only get a minimum required amount of coverage.

This is where the insurance professionals put in their advice.

“Don’t get the minimum amount of PIP coverage,” they say. “Even if you find your overall auto insurance premium on the rise due to our recommendation of at least $250,000 in the associated coverage, you’ll be thankful if the need arises.”

The ensuing example of a policyholder illustrates the truth to the claim.

A man did not like the fact that his car insurance would increase with the acquisition of $250,000 in PIP so he decided to stay with the status quo of $15,000 in related PIP coverage and no increase in overall auto premium.

But luck was not on his side in this case.

After getting into an accident and remaining in the hospital for two days, the associated bill was over $45,000!

This was a hard lesson, spurring him on to requesting additional PIP coverage as recommended by his agency.

“Like me,” he said, “most folks do not comprehend how important an adequate amount of health related coverage is in regard to vehicle protection. I learned the hard way that it pays to listen to the professionals who understand the impact of an accident – something that can occur at any given moment anytime. “

Personal Insurance Protection can provide the following coverage after a crash that may result in injury.

• Medical costs, rehab costs, ambulance, medication, durable medical equipment

• Loss of wages if applicable

• Substitute of service by the injured party, if applicable

• Funeral costs if injury leads to death and if applicable in coverage.

For more information about this important coverage, speak to the experienced professionals.

Best Auto Insurance

The truth is that there is no one company or policy that is considered the “best auto insurance.” What is true is that for every individual there is a policy that is the best for you. There are three main types of auto insurance policies available to the average driver; liability coverage, comprehensive coverage, collision coverage.

Generally speaking, liability coverage is the least expensive, followed by comprehensive, then collision being the most expensive. However, there are many more factors that go into the cost of a policy. Age of primary driver, the location of the vehicle to be insured, make and model of vehicle, driving record of primary driver, and even the safety ratings of the vehicle all go into considering the cost of your policy.

By law, every car that us driven in the United States must be insured. The mandatory nature of this can make it tempting to purchase the cheapest policy possible, especially if you are not a rich person. Many people have made that assumption and bought the cheapest possible insurance only to find out after an accident or a theft that the policy they bought didn’t cover anything! The best auto insurance is most likely not the cheapest. Liability coverage does not cover any damage to your car that occurs in an accident, regardless of which driver is at fault. It also doesn’t cover and theft or the vehicle, which could leave you one sorry car-less driver.

Comprehensive coverage will cover a stolen vehicle and is usually only a little bit more expensive than liability coverage. When is comes to auto insurance, it is best to not be a cheapskate because you could end up losing much more in the end. Comprehensive pretty much cover anything other than a collision, such as acts of nature ie. rain or fire.

Collision coverage will give you the most complete coverage and because of this, it is usually quite a bit more than comprehensive coverage, on average 50% more. Collision coverage will cover any damage done to your car from a crash of any kind, whether it be a collision with another car or crashing into a tree. This type of policy will also cover everything that is covered under comprehensive. Although the monthly payments might be pricey they can pay off big time in case of a major accident or any other kind of incident.

Keep in mind that there is always a deductible that needs to be paid when you file a claim. Usually, the higher your deductible, the lower the monthly payments are. One might be tempted to opt for a high deductible to keep their monthly payments down, but this tactic is short-sighted and could bite you in the rear or you ever do need to make a claim.

Hopefully, these tips and pointers have helped you decide on the best auto insurance for you!

Understanding Why Auto Insurance Premiums Are Very Costly

These days, we’re all complaining about the high cost of living. It appears as if anyone who owns and operates an automobile is hit by a good dose of bills that require struggling with: the cost of purchasing the car, fuel costs, maintenance and repair costs – and the super BIG ONE – auto insurance premiums.

If you haven’t yet verbalized it, no doubt the glaring question is underscored in your mind: Why does car (read car, truck, motorcycle, RV and so on) insurance have to be so very, very expensive?!

The answer to anything related to insurance comes from the industry itself and this is no exception.

“Insurance rates differ from person to person and are based on a few factors,” says a noted specialist working in the Tri-State area and employed by an independent agency. “It all boils down to how much of a risk you as a driver may be.”

Eight Factors that May Affect Your Auto Insurance Bill

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.

Understanding the Auto Insurance Claims Process

If you own a car, truck, motorcycle or any other vehicle, you know you need related insurance. All is good as long as you pay your monthly premium and do not make a claim.

Then you are involved in an accident. What then?

For many auto insurance policyholders, the auto insurance claim process is very, very complicated. Here, we bring you the basics of understanding with the following oft-repeated questions.

How long does it generally take to process an auto insurance claim?

A: If the insurance company has all the facts, a settlement should be achieved fairly quickly. By providing much of the details involved in the collision, the policyholder him or herself will help get the process off the ground. Any insurance company worth its reputation will do its utmost to process the claim as efficiently as possible.

Why is the estimated cost of repairs less than the actual payment check?

A: This is because the auto policyholder must first pay out-of-pocket for the deductible. Only after this, is the remaining balance given through a check.

What is the reason for the auto lien holder to be placed on the insurance payment check?

A: Many states make this a requirement for the simple reason that the lien holder has an insurable interest in the repair work done on the vehicle. In order for the policyholder to get the funding for the repair, he or she must be in touch with the lien holder.

What is the meaning of Direction of Payment?

A: Most auto repair shops require you to sign a Direction of Payment form so that they have documented evidence that the insurance company has permission to pay them for the repair work they complete.

What is common practice of insurance companies in regard to rental cars during the time the insured car is in the shop for repairs?

A: Most times, an insurance company will supply a rental car if the insured car is inoperable and in for repairs.

What about towing costs?

A: Generally speaking, towing is a covered service provided by the auto insurance company following an accident.

What is the procedure if the insured incurs injury during an auto accident?

A: The policyholder should be in touch with the insurance company if he or she is injured. The claims person will inform the policyholder about the related medical care and treatments that are covered under the policy.

Auto Insurance Rates: Do They Rise As We Age?

The auto insurance industry realizes that the senior population has a lot of driving experience under its belt. That does go a long way as far as safety is concerned, and, seniors are rewarded in good measure with low premiums on their policies. But, by the same token, no one can deny the fact that as the years go by, eyesight becomes weaker and people are not as quick to react as before. In addition, compromised health situations tend to develop, necessitating medication.

Studies indicate that all this can translate into car accidents – a significantly large amount of these involve tragic fatalities. The insurance companies know about the resulting damages, injuries and death because of related claims that are submitted by policyholders. And claims are an expensive drawback that triggers rates to go up.

Before you begin to panic, allow us to reassure you that the premium hike for seniors at a certain stage is rather slight and it can be countered by savings rewarded to those who attend approved safety driving classes, as well as discounts that many insurance carriers offer.

For clarity, please view the following synopsis of the varying insurance developments in the course of the senior’s driving life.

• If you are in the fifties, you will essentially enjoy lower premiums than those older and younger than you. This is because you typically are still in good health and you still have quick reflex reactions.

• From sixty years of age to sixty-five, you still will be getting the less expensive auto insurance premiums – something that may shift afterwards.

• If you are in the 65-69 year old category, you might see your auto policy increase in rate. In this case, it is in your interest to seek an insurance agency that has the ability to shop the network to see if you can get a cheaper policy.

• Between the ages of seventy and seventy-nine you will generally see an increase in premiums. This is related to a higher risk of an accident. It does not mean, however, that you will not find a cheaper plan elsewhere with a company that understands you still may be in good physical shape and are not personally prone to a collision.

• Once you hit eighty, you will be viewed as a high-risk to the auto insurance industry and retroactively be billed higher rates. If you choose to continue driving at this age, speak to an experienced independent agency that has the ability to shop for cheaper premiums and get applicable discounts to lower your premium.

Whatever your situation, remember to take all precautions in driving safely. After all, it’s your well-being and others on the road that is at stake.

Questions to Ask Before An Auto Insurance Purchase

Information about auto insurance companies and coverage options are available from multiple sources for examples the state’s department of insurance, magazines, and independent reviewers’ websites. Insurers operate within the scope of state’s regulations, so everyone will get more or less the same suggestions. There are laws that govern how insurance companies conduct their businesses. There is a clear boundary between legal and illegal practices, but customers still need to do their due diligence to not only avoid frauds but also purchase the right insurance policy that contains the right coverage from the right company.

Insurers have their own methods to determine price and coverage. Apart from company’s policy, customers’ personal data and previous DMV records, behaviors on the road are also essential. Two people who have the same car model and make can get different quotes because they have different records and preferences as well. Here are some questions policyholders must ask themselves before they decide to purchase coverage from any provider.

1. How Much Do They Drive?

More mileage per policy period means more expensive premium. A person who drives a car every day of the week to commute spends more time on the road, hence higher risk of accidents. Distance between home and workplace also helps determine auto insurance premium. Therefore, someone who drives short distance should pay less for auto insurance coverage. Some companies provide discounts for low mileage, too.

2. Do They Use Their Cars for Commercial Purposes?

There are two types of auto insurance policy: personal and commercial. Personal auto insurance is for those who drive for personal purposes for examples to their workplaces or leisure travels. All types of coverage in the policy protect the safety of the drivers and cars. Commercial auto insurance provides more complete protections such as for cargo or passengers (who are not from the same household). Financial protection for cargo means more expensive premium, but this is necessary from business point of view.

3. Do They Have Any Emotional Attachment with Their Cars?

People who love their cars very much need the best protections available from providers. In addition to minimum coverage requirement by the state, optional coverage is necessary to protect cars from wide range of potential dangers. Collision, Comprehensive, and Road Assistance are not mandatory, but they must purchase such coverage for better protections. Additional coverage increases premium rate.

4. Does Anybody Else Drive the Car?

Other drivers (for examples spouse, children, or anybody who lives in the same household) must put their names in the policy. Additional drivers mean more expensive premium, but it can be cheaper when the other driver is a teenager. Insurance companies tend to think of young drivers as high-risk, so it is best to list their names as secondary drivers to minimize cost.

5. What Type of Cars Do They Drive?

Cars with minimum safety features cost more to insure. Sports cars or luxurious models are expensive to repair, and this is why auto insurance providers charge higher premium.

6. Do They Own or Lease the Cars?

Full ownership of the car grants the right to choose any combination of insurance coverage available from provider. When the car is still under lease or finance agreement, the financial service that leases the vehicle often requires driver to include specific type of coverage as part of the deal. In this case, total cost for insurance is almost always more expensive than the amount full owners have to pay.

7. Where Do They Park?

Policyholders’ address is also an important thing to consider. People who park their cars in urban areas where crime rate is high tend to pay higher for auto insurance. There is higher risk of theft and vandalism in the area, so additional protection is necessary. Car owners who live in suburbs often pay less.

8. Do They Have Any Traffic Violation History?

Traffic law violations in the past affect the current premium rate. Records of DUI, involvement in major accidents, improper turn, and failure to produce driver license or insurance card affect premium. When an insurance company thinks that a driver is too risky to insure, the driver needs non-standard auto insurance. The term “non-standard” refers to coverage for high-risk drivers.

Terms and Conditions of Auto Insurance

Based on the high rate of accidents which happen each year, it is imperative that anyone driving a car whether it is your car or a friend’s car must have an auto insurance policy even if it is the least of all insurance policies available.

An insurance covers the policyholder and in most cases it covers other people who use the car or the driver. However if the car gets into an accident which is not in the interest of the policyholder, or in violation with the agreement between the policyholder and the insurance company, the insurance policy will not cover the damages from such accident.

In instances where the insured vehicle gets sold to another person, the new owner is covered by the third party liability Insurance and also by the comprehensive car insurance policy (if there is any) within a period of 3 weeks after the change of ownership. When there is a new active insurance policy, all deductibles under the insurance will be paid by the new car owner.

Auto insurance does not cover damage to vehicles in company possession for purpose of sale

Depending on the car insurance policy agreement between you and your insurance company, there might not be a need for you to notify them when the terms in the policy agreement changed. The consequence of refusal to notify the insurance might be forfeiture indemnity and compensation if an accident occurs or reduction of the indemnity and compensation or lapses in the payment if indemnity and compensation.

Therefore to avoid the consequences stated above, whenever there is a change in the policy information notify your insurance company immediately.

You can purchase the same auto insurance from two different insurance companies without terminating the initial insurance with the first company but when an accident occurs, the agreement in your car insurance policy will applied, and this may mean that both companies pay half is the cost for the accident each.

Another important thing to note regarding auto insurance is the deductibles which are based on the agreement in the auto insurance policy. Deductibles are deducted only once in cases of an insurance event involving both third party liability and damages under the comprehensive auto insurance.

No deductible will apply in situations such as:

1. Damages from a known liable tortfeasor

2. Damages from fire, explosion, lightening or theft

3. Damages from items falling on the car.

Furthermore, there will be additional deductible if there is driving damage to the car by another person other than the policyholder, or any registered user of the three car under the auto insurance policy.

There are certain accidents which your auto insurance policy may not cover. Under the liability insurance, your auto inside policy does not cover;

1. Injury to the driver

2. Damage from the carriage of goods by road under the acts of contract

3. Damage to attached vehicle

4. Damage which occurred at the time the vehicle was rented out unless it can be proved that the damage is as a result of occurrence which is in accordance with the auto insurance policy

5. Damage to items belonging to the driver, policyholder, anyone stated in the auto insurance policy it a regular user.

The following accidents are not covered by the comprehensive auto insurance:

1. Damage resulting from weather conditions

2. Damage car parts during repairs unless it can be proved the damage had occurred during the driving or by fire

3. Damage in the electrician and mechanical parts the vehicle, unless it can be proved the damage occurred in accordance with the auto insurance policy

4. Damage resulting from reckless driving i.e. Overheating or no change of oil

5. Damage which occurred while the car was rented out

6. Damage which occurred from intoxication of the driver

7. Damage caused intentionally by grid negligence

8. Loss of the car due to seizure of the car by law enforcement authority

9. Damage under warranty and guarantee

10. Damage from usage of the car such as wear and tear, scratches on the car body and so on.

Duration of the auto insurance policy is based on the agreement between you and the insurance company. Most auto insurance agreement are annual and are renewed yearly unless it’s canceled in writing by the policyholder or the insurance company with a month’s notice.

Guide on How To Save On Auto Insurance

Saving is always a wise act. Saving on insurance is good for as long as you do not suffer the essentials in exchange of saving a few bucks. What would be the wisdom in being able to save a little only to spend that much in the end because the auto insurance you got has limited coverage? The point being here is not to advise buyers to get the most expensive auto insurance but rather to give the buyer the chance to discern with regard to what they need and what they will be getting.

The very thing to consider trying to save on auto insurance is getting the right one, granted that you are still on the verge of getting insurance. Here are several ways to save on car insurance:

1) Take advantage of the competition. The very nature of competition, of having several players in the market is to extract the best deal for the client. For insurance companies to attract customers, they must try to offer the lowest premium possible. Although this can be affected by a number of factors like driving record and area or territory which the client lives, it still is a good point to start.

2) Know what coverage you really need. Knowing what you need would pretty much dictate the coverage you would require. At times people are not able to save in getting auto insurance is because they get to pay more for certain coverage they really do not need.

3) Utilize available payment schemes.It is of big help if you can pay for your premium in instalments. You may have to pay a bit more overtime but you may not be demanded to give out a considerable amount of money in one giving. This will be a factor in saving if in the end it allows you elbow room in your finances.

4) Consider the type of car that is less to insure.One way to save on auto insurance that most people tend to overlook is the fact that the kind of vehicle they will insure very much affects the premium. Care to find out which type of vehicle would require lesser premium most especially when you get collision and comprehensive coverage.

5) Choosing your deductible. A deductible is the amount that the insurance does not pay for repairs and is shouldered by the client. Should the client decide to raise his/her deductibles, the insurance premium is lowered.

6) Improving ones credit. A client’s credit is a big factor when auto insurance companies compute for how much to charge. A good credit standing is always favourable.

7) Appeal traffic violations if contestable. A traffic ticket increases the premium in auto insurances. When a traffic ticket aka civil traffic citation is contested, it is always before a judge. If the court finds reason in your plea, the decision will be in your favour. In that case you would not be charged for the violation. No violation, no bad record. No bad record means there will be no increase on your premium.

Top Ways to Save on Auto Insurance

When you get a car, you need to have auto insurance. It is important to get coverage that is comprehensive, but also inexpensive. While most people care a great deal about getting a good price when they first set out to get car insurance, they often fail to continue searching thereafter. Not continually looking for good deals can cost you hundreds each year.

Many people are unaware that the cost of your auto insurance can be lowered to help you save, depending on your driving record, your car, and where you are.

Increase Your Deductible

If you insurance the amount you pay for a deductible, it will reduce the cost of insurance fees. Now understand that this move is certainly one way to save on the costs month to month, but if you end up in a car accident, then yes it can end up costing you more to fix the damages.

However, if you have a history of being a safe driver, try it out and set some money aside for an emergency fund to cover unexpected car costs.

Try Carpooling

There are some insurance companies which actually track mileage, so the less you drive, the cheaper your coverage. With these policy types, if you drive less than 7,500 miles you get the lowest rate, and anything up to 13,000 is the medium rate.

Change Plans to What You Need

It is better for you to change plans to what you need, when you need them. Buying a brand new car is going to require different insurance compared to an older car. When you are paying off your car loan you will need collision and comprehensive coverage, but once it is paid off you have many more insurance options at your disposal.

You might end up with more collision insurance than you need. In fact, on older cars it is recommended that you drop collision insurance anyway because comprehensive coverage is comparable inexpensive and will give you all the coverage you need.

Combine Policies

If you have car insurance and renters/homeowners insurance through different companies, you might be able to combine your policy with one company and stack discounts.

Check for Discounts

If you have changed jobs, moved somewhere new, or anything else, keep track of your policy options. You might be able to get a cheaper policy in a new town or with a new job.

Check Your Credit

Your credit score has a small role to play in what your insurance costs are. So pay your bills on time and make sure you work hard to improve your credit score. As you are doing so, continually check to see if you now qualify for lower rates.

Other Discounts

As a student, good grades can earn you discounts. As an adult, see if you can take an adult driver safety program from better discounts. Consider avoiding a red colored car, as these come with higher insurance rates for users compared to other colors.

Cheap Auto Insurance: Tips for Comparing Policies and Finding Discounts on the Right Coverage

When shopping around for car insurance, it’s important to note that price isn’t the only thing that matters. It’s the overall value of each offer that matters. Cheap auto insurance isn’t necessarily the one with the lowest rate – it’s the one that offers everything you truly need at a reasonable rate.

Most states only require that drivers carry liability insurance, which protects others on the road. It won’t, however, cover your own medical bills or vehicle damages should an accident occur. Think of how much money you will lose if you wind up in a bad accident and your car is totaled. Or, even worse, you end up with bad injuries and are unable to continue working.

How are car insurance rates calculated? There are many factors that are considered, including:

• Driving record

• The type of vehicle (model and make)

• How often you use it

• Your age

• City / state

• Credit score

• Whether you have a garage or if you keep your vehicle parked on the street

If you are a student or senior citizen, you’ll be eligible for a discount. In many areas, you can bring the price down by taking a safe driver’s course.

The Importance of Comparing Cheap Auto Insurance

Finding cheap auto insurance involves a lot of comparing. Enter in your details such as location, date of birth, and type of vehicle for which you need insurance into a car insurance shopping site and you will be presented with numerous quotes from different companies. The type of information you have to provide varies from one site to the next.

Do research on each and every one of the insurance companies for which you get a quote. Read over the terms and conditions carefully. Which one offers the type of coverage you know for sure you’ll need? Are there some policies that offer coverage you can do without? If you have an old clunker, for instance, might not even be worth the cost of insuring it with repair coverage.

If you get the option to pay premiums yearly instead of monthly, you’ll definitely want to consider doing so. Most people prefer paying monthly since it allows them to break the insurance up in smaller payments. However, there are often huge discounts available for those who opt to pay once annually. Depending on the insurer, you could potentially save hundreds of dollars a year.

The best place to begin your search for cheap auto insurance is esurance. It offers an online Coverage Counselor tool to help you simplify the process. Use esurance coupons to help you save big on the ideal car insurance policy.

Get Car Insurance Quotes Online: Guide on How to Use Internet Tools to Find Auto Insurance

Thanks to the internet, information regarding auto insurance companies and rates is easy for everybody to obtain. You don’t have to go through a third party – you can conduct all of the research yourself. All it takes is a short survey and you can get multiple car insurance quotes online. Spend a bit of time comparing them and reading reviews on the companies to decide which offer is the right one for you.

Unfortunately, there is a lot of misinformation on the internet, and scams are rampant. This is why you must be careful when doing your research. Don’t just automatically choose the cheapest policy you come across. No two quotes are going to be exactly the same, since each company conducts their evaluations a bit differently.

The criteria, in general, are the same, however. Factors that will likely play a role in the quotes you receive including your driving record, credit score, model and make of the vehicle, geographical location, and age. What DOES differ is the amount of weight each company puts on each of these factors.

What kind of information must you provide in order to get car insurance quotes online? In order for the quotes to be as realistic and personal as possible, you must enter details about your age, location, vehicle, and driving history. Some sites may require you to provide more personal information than others.

Good News When You Get Car Insurance Quotes Online

The good news is that there are sometimes discounts available to help you save. Before you select an offer and go through it, you must first find out if you are eligible for any kind of discount. Sometimes, students can get a discount if they take a driver’s education course and maintain good grades. Adult drivers might even be able to save if they take a driver’s defense course. There are also discounts for members of certain organizations, such as the military.

There are also “equipment-related” discounts. If you get your vehicle equipped with anti-theft technology, such as alarms, kill-switches, tracking systems, etc., you might be able to get a nice discount. Just check and see if the equipment has to be factory-installed.

Other potential discounts you might be able to obtain include automated payment from checking account setup, green / hybrid vehicle, customer loyalty, and being the homeowner of a condominium or single family home.

Where can you get car insurance quotes online? One safe, reliable place to begin your search is with esurance. Reviews are highly positive and the site allows users to get real quotes for free. Compare the quotes and policies side-by-side and select the one that best suits your needs. esurance is a very user-friendly site.

Cheap Liability Auto Insurance Info: What Should You Do to Find Affordable Car Insurance Coverage?

Getting just the minimum amount of auto insurance in your state can be risky, since it’s usually not enough to cover everything. It might help you pay for damages to the other person’s vehicle or property, as well as their medical expenses, but what about your own car and medical expenses? The idea is to try and get the most coverage possible with cheap liability auto insurance.

Carefully read over all of the different types of coverage and decide which ones will be right for you. Search for quotes online and read reviews on each company to learn more about them. Just as you’d never buy the car itself without first shopping around, you should do the same with insurance. How do you get quotes? You enter details about your age, location, car, etc. and hit “submit” or “search”. The details that you have to enter vary depending on the website you use for searching for quotes.

You don’t want your cheap liability auto insurance to be too cheap. Look for value, not the lowest monthly rate. Also, there are deductibles to consider. If you really aren’t confident that you’ll be able to pay money out of your pocket in the event that you are involved in a collision with a lot of damage, then consider paying more on the premium. Try cutting a few other expenses here and there to help you make the payments.

Cheap Liability Auto Insurance Coupons and Discounts

The good news is that there are always ways to save money, as auto insurance companies often offer coupons and discounts to help both new customers and loyal customers. For instance, you might be able to get a discount off your first-term premium by signing up and buying car insurance with a particular company. There are also “pay-in full” discounts that will give you a percentage off the premium if you pay it upfront instead of monthly.

There are several other categories of potential discounts as well, such as being a good, safe driver with a clean driving history and having safety features installed. A few examples include “Anti-Theft Discount”, “Antilock Brakes Discount”, “Defensive Driver Discount”, etc. Even though younger people are usually expected to pay more money for auto insurance, there are still “Good Student Discounts” offered by most insurers.

In summary, you’ll want to learn about the minimum car insurance requirements in your state and then fill out a form to search for quotes. Compare them and look over all of the discounts. The best place to start your search for cheap liability auto insurance is esurance.