Monday, August 31, 2009
Cheap Automobile Insurance: Sure-Fire Ways
Contrary to what you might be made to believe, it is a lot easy to attract a cheaper vehicle insurance rate. You only need the right recommendations and the discipline to implement what you'll be taught to get a better rate. Let us now look at several sure-fire ways to get better rates...
1. If you keep collision and/or comprehensive for an old car that isn't a classic, then you're paying way more than is necessary. Your car's Kelly Blue Book value at point of filing claims (and not the price of the car when you bought it) is what controls what you will get paid by an insurance provider. So even if you've paid your premiums without default for years but the Kelly Blue Book value says your car has zero value, you will get nothing from the insurance provider and they'll be completely on the good side of the law.
So, do the right thing and drop these types from your policy for all old cars. If you apply this tip you will pay a lot less.
2. Choosing higher deductibles is a sure way to land cheaper rates. It is a wise move to have a deductible that is as high as possible but as well within easy reach for you.
I must stress that you're bound by law to contribute this much if you ever file a claim.
3. Your rate is seriously influenced by your annual mileage. Therefore do all you can to leave your car wherever there is a good alternative. This is relevant more to people whose profession and location give easy access to modern mass transit networks.
Joining a carpool is also another innovative way of cutting down your mileage.
4. Visit a minimum of five insurance quotes sites. Requesting quotes from not less than five quotes sites raise the chances that you'd obtain more affordable auto insurance quotes. This is because insurers not covered by one site would be covered by another.
Moreover, you should understand that because the likelihood of receiving lower auto insurance quotes is tied to the number of quotes you get, the more insurance companies you get quotes from, the higher your chances will be.
Requesting for your auto insurance quotes online will help you save much more if you invest only 25 minutes to obtain quotes from a minimum of five sites.
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Sunday, August 30, 2009
Affordable Automobile Insurance Rate -- Straightforward But Guaranteed Ideas
1. Ensure your automobile insurance policy is not allowed to lapse no matter what.. It will sentence you to expensive rates for a long time. This happens to many folks when they are switching to another insurance company.
One way to be certain you do NOT make this costly mistake is to let your old policy keep running until you've confirmed that the new policy is fully in place. As simple as this may seem, many individuals are bearing the weight of higher rates because of just a little negligence.
2. If you choose to pay your premiums monthly, you will pay higher rates. You might be sold thatThe ads may show that monthly payments are convenient but what you don't know is how much more you pay for it..
Each check that is processed attracts a fee. In a year, your monthly checks would be processed differently because they are all separate transactions. This implies that transaction fees would be twelve times more for those who pay monthly.
There are also administrative costs to your insurer that result just from taking monthly payments. A clear example of such is the cost associated with sending out payment notices..
These costs plus a profit margin for this feature is included in your premium making it more than a comparable profile that pays yearly every year.
3. An easy but effective way of bringing down your vehicle insurance premium is by authorizing an EFT (Electronic Funds Transfer). This authorizes an insurance provider to automatically withdraw your premiums from your account at specified intervals. This saves an insurer's overhead by eliminating the necessity of payment notices or checks. This is why this attracts cheaper premium.
4. While you take other steps to bring down your auto rates, here's something you can do to get lower rates today: Visit reputable quotes sites and get quotes.
Visit not less than five of such sites for the best results. It's free, quick and easy. However, ensure you give your correct details as you fill the questionnaires presented. All you have to do next is simply pick the quote that gives you the best price/value from the quotes return.
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Saturday, August 29, 2009
Really Cheap Auto Insurance -- 4 Time-Tested Recommendations
1. You can bring down your vehicle insurance rates by going for a multi-vehicle discount. It makes sense to insure all your cars with the same insurer unless you have a better deal for a number of your vehicles with another insurer. You can ensure you are choosing the best in your case by doing extensive comparison shopping. But if you don't plan to shop around, you can rest assured that you'll still save considerably with a multi-vehicle discount.
2. A multi-policy discount is one sure way to cut down your total insurance cost. That's, for example, if you get an auto insurance policy from the very provider which covers your home insurance.
Nevertheless, bear in mind that you might be better off if you get your different policies from various providers who give you the cheapest quotes for each policy. Getting quotes and comparing them with savings you'd make are highly beneficial steps. When you're done, you won't be guessing as you choose which to do since you're positive about which saves you more.
3. There is something referred to as "good driver discount." It is for policyholders who have not made a claim for three years and above. But bear in mind that not all providers give this discount.
Your agent must be made to understand your displeasure with their refusal to give you such a discount and do NOT forget to point out that you might switch to a different insurer. Take it or leave it, every insurance provider likes having drivers who stay claims free for these number of years and you shouldn't have any difficulty getting better rates with a number of other insurance companies.
Most insurers will do everything within their powers to ensure they do NOT lose a prized policyholder and this should draw a concession from them.
4. You can save much money in auto insurance if you get and compare auto insurance quotes from insurance quotes sites. You will realize savings if you go to just one quotes site. But, you'll get more by using at least five.
The straightforward reason for this is that you will receive many more auto insurance quotes from many more insurers. This increases your chances of getting better rates.
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Friday, August 28, 2009
Vehicle Insurance -- Three Additional Smart Tips
Contrary to all you might have been told, you don't really need to do very exceptional things in order to enjoy the cheapest vehicle insurance policy that gives you sufficient coverage. You may be shocked to discover that all that's making it difficult for you to get far more affordable rates are minor things you can easily deal with. Let's examine some of them here...
1. You will pay a lot more on car insurance if you stay in City than you would if you lived in some rural town. If you can live in a rural area you'll be eligible for the lower quotes because the risk of vandalism, crash or theft is quite low in such localities. The more densely populated where you live is, the higher your rates.
2. Re-assessing your auto insurance policy once every six months is one way you can lower your rates. It's painful to state that many folks still pay for coverage points that made sense yesterday but no longer need for at the moment. How about dropping your just-wedded girl from your policy?
Furthermore, there are discounts you might be entitled to. It might as well no longer be be smart to keep paying for some coverage types.
Go through your auto insurance policy at least once a year. You might discover a few points that are no longer a need and save when you drop them.
3. Take out some time to visit a minimum of five insurance quotes sites that return quotes on auto insurance policies. It will require around 25 minutes.
As you visit each site, make sure you give the same information. Doing otherwise will return misleading results. When you've received your auto insurance quotes, compare them to determine which serves your interest best both in price and value.
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Thursday, August 27, 2009
Car Insurance -- Non-Owner, Why Bother?
A auto insurance policy for non vehicle owners? What for? Good question! There are some situations that you will find yourself in and you'll find that getting a car insurance is a wise decision.
Since your city has a mass transit network, you'll not need a personal car for your daily movements. You can easily go to a car rental service at any time you want to go for a picnic or vacation.
Along with renting a car, you'll aslo have to buy a car insurance cover for the rent period. These rental service sell such car insurance policies. This may not really amount to so much if you hire a car once in a long while. The opposite is the case if you rent a vehicle usually makes it more costly than buying a non-owner auto insurance policy.
If your acquitance and relatives know that you have a car insurance policy they will be more likely to lend their car to you than otherwise. Look at it from the vehicle owner's opinion: It shows a level of responsibility. And, people are a lot more relaxed dealing with thoughtful people.
Hold on. A non-owner car insurance policy works within a certain rule. Your non-owner's policy can't override the car owners policy. However, if the vehicle owner's policy cannot cover the damage due to its liability limit, your non-owner policy will take care of the balance. I think an example will help make this clearer...
Imagine that you borrowed a vehicle and had an accident where you caused a damage of twenty seven thousand dollars. In spite of your non-owner's policy, the car owner's policy will be used if his/her liability limit is, say, $30,000. This won't be the case if his/her liability limit were to be half the amount. In such a situation your non-owner's policy will come into effect to cover the deficit.
It is very important, if you have something to do with car insurance, that you know how to make a lot of savings because of the disparity in rates by insurance companies. This 100% legal way to get savings can save you many hundreds of dollars...
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Friday, August 7, 2009
Consequence of Lying to Your Car Insurance Company
Car insurance companies are very strict on their insurance packages and most times, they look at your details to be able to award you the necessary insurance. Therefore, it is not uncommon to find car insurance buyers looking for ways to falsify their details in the bid to reduce their premium price and get cheaper auto insurance quotes. In fact, research has shown that in the UK alone, over 10% of all drivers have lied at a point in time about their details or records while in the US, it is estimated at a whopping 27%. Details that are mostly lied about include the age and address of the driver. In some cases, drivers have been known to leave out speeding tickets, drunken driving records and bans on driving they may have received.
Sadly, many drivers seem to think this is the norm and therefore lie about all these when they are applying for an insurance policy. And this is further influenced by the thinking that the companies are mandated to pay and reward them. Most informed drivers know that falsifying your records is seen as fraud while the uninformed drivers think it is ok to lie about their records. The truth is insurance companies are beginning to catch up with this trend and are taking steps against the frequent occurrence of such acts. One of these steps is in the installation of software that will function as a lie detector and will compare all the different data for traces of irregularities. Besides this, insurance companies now have penalties that are meted out on culprits of this act. These include:
1. Cancellation of the Insurance Policy. All culprits will lose their rights to any form of insurance with the company of they are caught. This means that all the monies paid prior to that time will not be retrieved or paid back and the driver will forfeit all attendant benefits.
2. All Claims will be lost and denied. All drivers caught in the act of falsification will be denied all claims. During accidents, most drivers and car owners resort to the insurance company to offer some form of relief. Even if the claims are genuine, the insurance company will desist from making the required payment if it detects false information.
3. Blacklisting in all car insurance companies Depending on the severity of the false information, most insurance companies will willingly blacklist the driver thus making it really hard for him to drive his car.
4. May pay Fines If the driver is found guilty of severe falsification or under the insurance act, he would be required to pay the sum of one hundred thousand dollars and another two hundred thousand dollars if there are other offences discovered. 5. Jail Terms.
In Canada, all offenders could face up to ten years in prison and may be forced to pay a sum greater than five thousand dollars if found guilty. So whatever the case may be, it is in your best interest to tell the truth at all times.
Sadly, many drivers seem to think this is the norm and therefore lie about all these when they are applying for an insurance policy. And this is further influenced by the thinking that the companies are mandated to pay and reward them. Most informed drivers know that falsifying your records is seen as fraud while the uninformed drivers think it is ok to lie about their records. The truth is insurance companies are beginning to catch up with this trend and are taking steps against the frequent occurrence of such acts. One of these steps is in the installation of software that will function as a lie detector and will compare all the different data for traces of irregularities. Besides this, insurance companies now have penalties that are meted out on culprits of this act. These include:
1. Cancellation of the Insurance Policy. All culprits will lose their rights to any form of insurance with the company of they are caught. This means that all the monies paid prior to that time will not be retrieved or paid back and the driver will forfeit all attendant benefits.
2. All Claims will be lost and denied. All drivers caught in the act of falsification will be denied all claims. During accidents, most drivers and car owners resort to the insurance company to offer some form of relief. Even if the claims are genuine, the insurance company will desist from making the required payment if it detects false information.
3. Blacklisting in all car insurance companies Depending on the severity of the false information, most insurance companies will willingly blacklist the driver thus making it really hard for him to drive his car.
4. May pay Fines If the driver is found guilty of severe falsification or under the insurance act, he would be required to pay the sum of one hundred thousand dollars and another two hundred thousand dollars if there are other offences discovered. 5. Jail Terms.
In Canada, all offenders could face up to ten years in prison and may be forced to pay a sum greater than five thousand dollars if found guilty. So whatever the case may be, it is in your best interest to tell the truth at all times.
About the Author:
Full service insurance brokerage offers corporate and personal solutions. When looking for the best protection and information on Personal Insurance, Car insurance in Ajax, Health Insurance in Ajax, Commercial Insurance, Life Insurance options.
3 Simple Ways To Learn How To Lower Your Car Insurance Rates
There are a number of ways you can do to reduce your car insurance rates and gain a better perspective on how car insurance works. If you know how to minimize your car insurance rates you will save a lot of cash in your lifetime. So here are three simple techniques to save on auto insurance.
The simplest means of saving on any insurance policy is through shopping around. The best part about this is, you can do the task in less than five minutes by simply filling up an online quote form. Regardless of your credit standing, driving history, or age, you can decrease your premium rate by comparing car insurance rates of multiple companies.
The next best thing to secure a car insurance is by driving safely. If you really want to save a chunk of cash, then you ought to obey traffic rules and get rid of speeding tickets. Your driving history is likely the greatest determinant of car insurance companies in computing your premium. So be wary, and keep a clean driving record.
And Lastly, anyone can save money on their car insurance by increasing their premium. The more you are willing to pay out of your pocket means that's less money the car insurance company will have to pay when you submit a claim. Again, anyone can qualify for this type of discount. Of course, you have to be able to afford your deductible if an accident does occur.
Another pointer so you can save on your car insurance, maintain good credit. A good credit score will lessen your car insurance rates. Insurance companies will definitely consider your sense of responsibility when giving you an offer. If you have bad credit, don't worry because you still have a chance of availing the discount on car insurance by simply building up your credit. This will take time but will be worth the effort. Your rates will just decrease if you have a good credit rating.
If you follow these easy steps for minimizing your car insurance rates, you will end up saving thousands of dollars in your lifetime. Otherwise, you would end up paying higher rates for car insurance. These recommendations are simple to follow so heed them to save money. There are other factors to regard as well when looking at car insurance rates, this is just a piece of advice.
The simplest means of saving on any insurance policy is through shopping around. The best part about this is, you can do the task in less than five minutes by simply filling up an online quote form. Regardless of your credit standing, driving history, or age, you can decrease your premium rate by comparing car insurance rates of multiple companies.
The next best thing to secure a car insurance is by driving safely. If you really want to save a chunk of cash, then you ought to obey traffic rules and get rid of speeding tickets. Your driving history is likely the greatest determinant of car insurance companies in computing your premium. So be wary, and keep a clean driving record.
And Lastly, anyone can save money on their car insurance by increasing their premium. The more you are willing to pay out of your pocket means that's less money the car insurance company will have to pay when you submit a claim. Again, anyone can qualify for this type of discount. Of course, you have to be able to afford your deductible if an accident does occur.
Another pointer so you can save on your car insurance, maintain good credit. A good credit score will lessen your car insurance rates. Insurance companies will definitely consider your sense of responsibility when giving you an offer. If you have bad credit, don't worry because you still have a chance of availing the discount on car insurance by simply building up your credit. This will take time but will be worth the effort. Your rates will just decrease if you have a good credit rating.
If you follow these easy steps for minimizing your car insurance rates, you will end up saving thousands of dollars in your lifetime. Otherwise, you would end up paying higher rates for car insurance. These recommendations are simple to follow so heed them to save money. There are other factors to regard as well when looking at car insurance rates, this is just a piece of advice.
About the Author:
Now, to answer the question how does car insurance work head over to the how car insurance works website for more car insurance tips and how to get the best rates.
Insurance History and Premiums-Cause and Effects
Your very first insurance premiums will very likely be higher than they will ever be again. That is, if you're careful. Like your first experience with buying on credit, you won't get as good a deal as you will once you show how reliable you are, whether in your bill-payments or your driving habits. You start out as an unknown quality to insurers, so they start you out at a price that lets them be sure not to lose money on "people like you."
Many will argue that the lack of insurance history should not increase one's premiums. Regardless, among the many considerations in determining premiums are an applicant's demonstrated ability to maintain their payment schedule, their proclivity for making claims on their past policies, and their demonstrated clean driving record. A failing in any of these areas will have the effect of markedly increasing your premiums to a much higher rate than you would prefer.
One thing they can check easily is your credit history. Be sure you have a track record of paying your bills on time. For example, if you've let a previous policy lapse because you quit paying the premiums, you can bet that will cost you when it comes time to deal with your new insurance company. They want to get paid! And now you look like you might not take that seriously.
Though you can find brokers offering high risk insurance covers at best rates for persons with a new driving license, or for a person with lots of traffic violations or accident claims, the fact is ,the initial payment and the deducted amount will compensate the rate offered ,finally summing up for a poor insurance coverage.
So, for amateurs, it is best advised to go for a short term insurance policy, say around 6 months. Prompt timely payment and a good driving history for at least 6 months will give you a good chance of having a better quote next time. Instead of continuing or extending the same policy after 6 months, it is always better to compare what the other companies are ready to offer you. No doubt, there might be some surprising deals for just 6 months of clean history which might save you a handsome amount, may be a few hundred dollars.
Those drivers who maintain coverage for several years through the same company may not be taking advantage of potential savings that are available to them. Insurance companies are not in the habit of pro-actively offering existing customers lower rates, even if they may qualify for them. On the other hand, competing insurance companies are more likely to offer a potential customer with a strong history better rates in the hopes of getting them to switch providers.
Be street smart. Make sure you go around and hunt to get the best quotes from the Insurance companies which are ready to offer you their services before selecting your Insurance policies. Think twice before getting committed to a policy. A little amount of good behavior such as not allowing the policy to lapse, clean driving record or prompt payment of premiums on time can reward you with higher rates and get a better deal the next time you start hunting for the best cover.
Many will argue that the lack of insurance history should not increase one's premiums. Regardless, among the many considerations in determining premiums are an applicant's demonstrated ability to maintain their payment schedule, their proclivity for making claims on their past policies, and their demonstrated clean driving record. A failing in any of these areas will have the effect of markedly increasing your premiums to a much higher rate than you would prefer.
One thing they can check easily is your credit history. Be sure you have a track record of paying your bills on time. For example, if you've let a previous policy lapse because you quit paying the premiums, you can bet that will cost you when it comes time to deal with your new insurance company. They want to get paid! And now you look like you might not take that seriously.
Though you can find brokers offering high risk insurance covers at best rates for persons with a new driving license, or for a person with lots of traffic violations or accident claims, the fact is ,the initial payment and the deducted amount will compensate the rate offered ,finally summing up for a poor insurance coverage.
So, for amateurs, it is best advised to go for a short term insurance policy, say around 6 months. Prompt timely payment and a good driving history for at least 6 months will give you a good chance of having a better quote next time. Instead of continuing or extending the same policy after 6 months, it is always better to compare what the other companies are ready to offer you. No doubt, there might be some surprising deals for just 6 months of clean history which might save you a handsome amount, may be a few hundred dollars.
Those drivers who maintain coverage for several years through the same company may not be taking advantage of potential savings that are available to them. Insurance companies are not in the habit of pro-actively offering existing customers lower rates, even if they may qualify for them. On the other hand, competing insurance companies are more likely to offer a potential customer with a strong history better rates in the hopes of getting them to switch providers.
Be street smart. Make sure you go around and hunt to get the best quotes from the Insurance companies which are ready to offer you their services before selecting your Insurance policies. Think twice before getting committed to a policy. A little amount of good behavior such as not allowing the policy to lapse, clean driving record or prompt payment of premiums on time can reward you with higher rates and get a better deal the next time you start hunting for the best cover.
About the Author:
Graham McKenzie is the content syndication coordinator for Carinsurancesa.co.za. South Arica?s leading Car Insurance portal.
Thursday, August 6, 2009
The Difference Between 4x4 Insurance And Regular Car Insurance
4x4 owners may wonder why their insurance rates are higher than they are with cars. The fact is that 4x4 vehicles are much different than normal cars and vehicles. They have extra capabilities and features that the insurance company sees as more hazardous. You should know what to expect before you buy a 4x4 vehicle.
While it depends what policy you have, most of the time car insurance is very basic in its coverage. In most cases it will cover the other driver and their vehicle. Other policies include your vehicle and even cover theft or weather damage. 4x4 vehicles are not much different in how they are insured however they are different in what happens in a crash scenario. When a crash happens a 4x4 vehicle will do more damage than a normal car would. Thus it makes your rates increase.
Another important factor is that 4x4 vehicles are known as high profile vehicles. They usually will be a target for theft more than an average car. This is especially true if the vehicle is kept in a public parking lot. Those who have a 4x4 vehicle and live in the city will pay more for insurance since their vehicle is more likely to be targeted due to higher crime rates.
Fixing a 4x4 vehicle tends to be more expensive than fixing a regular vehicle. There are a few different reasons for this. The first reason is that 4x4 vehicles have parts that are specialized and harder to find and thus they are more expensive. Another reason is because many 4x4 owners will add extra parts to their vehicle. While these parts may make the vehicle perform better, as they do with sports cars, they are not covered by insurance and thus are more expensive to fix. Some companies will allow you to insure these parts however you will have to pay much higher premiums to do so.
Off road driving is the biggest difference between 4x4 and regular car insurance. This option lets you take your vehicle off of the road and through other terrains. If you damage your vehicle, which is fairly likely, the damages will only be covered if you have a specific policy with off-road insurance. A standard policy will become void for the time you drive off road, leaving you to pay the damages yourself. Prices will increase if you regularly participate in races or other all-terrain sports with your 4x4. Some people choose to get insurance for these events just for one day to reduce costs.
It?s important to know that as with sports cars 4x4 vehicles will be more expensive naturally when it comes to insurance. The best thing you can do is to compare quotes from various companies and find the lowest rate. You can also greatly reduce the rate of your vehicle by having it just for a recreational vehicle. You will also want to read through the policies that each company offers. This is because some companies will cover some situations while others won?t. If you plan on doing something besides driving your 4x4 vehicle you should ask your insurance agent what they can cover.
While it depends what policy you have, most of the time car insurance is very basic in its coverage. In most cases it will cover the other driver and their vehicle. Other policies include your vehicle and even cover theft or weather damage. 4x4 vehicles are not much different in how they are insured however they are different in what happens in a crash scenario. When a crash happens a 4x4 vehicle will do more damage than a normal car would. Thus it makes your rates increase.
Another important factor is that 4x4 vehicles are known as high profile vehicles. They usually will be a target for theft more than an average car. This is especially true if the vehicle is kept in a public parking lot. Those who have a 4x4 vehicle and live in the city will pay more for insurance since their vehicle is more likely to be targeted due to higher crime rates.
Fixing a 4x4 vehicle tends to be more expensive than fixing a regular vehicle. There are a few different reasons for this. The first reason is that 4x4 vehicles have parts that are specialized and harder to find and thus they are more expensive. Another reason is because many 4x4 owners will add extra parts to their vehicle. While these parts may make the vehicle perform better, as they do with sports cars, they are not covered by insurance and thus are more expensive to fix. Some companies will allow you to insure these parts however you will have to pay much higher premiums to do so.
Off road driving is the biggest difference between 4x4 and regular car insurance. This option lets you take your vehicle off of the road and through other terrains. If you damage your vehicle, which is fairly likely, the damages will only be covered if you have a specific policy with off-road insurance. A standard policy will become void for the time you drive off road, leaving you to pay the damages yourself. Prices will increase if you regularly participate in races or other all-terrain sports with your 4x4. Some people choose to get insurance for these events just for one day to reduce costs.
It?s important to know that as with sports cars 4x4 vehicles will be more expensive naturally when it comes to insurance. The best thing you can do is to compare quotes from various companies and find the lowest rate. You can also greatly reduce the rate of your vehicle by having it just for a recreational vehicle. You will also want to read through the policies that each company offers. This is because some companies will cover some situations while others won?t. If you plan on doing something besides driving your 4x4 vehicle you should ask your insurance agent what they can cover.
About the Author:
Susan Reynolds is the webmaster for a leading South African Insurance Portal that provides consumers with the best Car Insurance Options.
Tuesday, August 4, 2009
You Can Save Money On Your Car Insurance With These Top Tips
It really does not take much to transform you into a savvy shopper, just consider the following car insurance tips. You might be surprised by how simple, easy, and effective these strategies are at saving you money. Here's some foolproof ways to shave ten, twenty, or even hundreds of dollars off your car insurance policy.
First, drive carefully. Even if a person only got hold of a few speeding tickets or had a few accidents, a higher car insurance policy rate still awaits him. It is always best to have zero record of any driving offenses. Instead of consuming your hard-earned money for insurance premiums, be wary in obeying all traffic regulations so you can keep your money in your own pocket.
Take note also of different discounts that car insurance companies are offering. Get familiar with their promos to maximize your benefits. For example, you can incorporate all of your vehicles under one policy to receive a multiple vehicle discount.
You can insure both your house and car on the same policy, and obtain a multiple line discount. You may inquire from companies of further price reductions for good student card report, low mileage, airbag and anti-theft safety systems, newer car model, and occupational and auto club discounts. The more discounts you avail, the more money you will save.
Another word of advice for car insurance: make your deductibles larger if possible, provided the price is sound. Your deductible is how much you will have to pay up front when filing a claim before the insurance company gets involved with the payment. When you have a low deductible, say you paid the first 250 dollars, your premium will be bigger. On the other hand, if you have a higher deductible of 500 dollars, your premium will be smaller.
If ever you plan of moving out, it would be a fine point to seek out the best deal in the area. Most of the time, there are better rates suited for the new location. Auto insurance companies are like snowflakes-they all have the same concept in mind: to insure their customers, but each one uniquely tailors their own plan to implement this. So if someone claims that as long as youre insured, any insurance company will do, don't believe them.
The best advice that you can get to save money on your insurance is to shop around. Don't just pick the insurance with the cheapest premium, because the quote may not include the same coverage from one plan to the next. Instead, be sure you compare and contrast plans with similar coverages, deductibles, and limitations, so you know you're really getting the best possible deal.
It is a good idea to look into websites that compare different plans so you'll be well informed. Hopefully these car insurance pointers are just what you need to start saving money on your premiums today.
First, drive carefully. Even if a person only got hold of a few speeding tickets or had a few accidents, a higher car insurance policy rate still awaits him. It is always best to have zero record of any driving offenses. Instead of consuming your hard-earned money for insurance premiums, be wary in obeying all traffic regulations so you can keep your money in your own pocket.
Take note also of different discounts that car insurance companies are offering. Get familiar with their promos to maximize your benefits. For example, you can incorporate all of your vehicles under one policy to receive a multiple vehicle discount.
You can insure both your house and car on the same policy, and obtain a multiple line discount. You may inquire from companies of further price reductions for good student card report, low mileage, airbag and anti-theft safety systems, newer car model, and occupational and auto club discounts. The more discounts you avail, the more money you will save.
Another word of advice for car insurance: make your deductibles larger if possible, provided the price is sound. Your deductible is how much you will have to pay up front when filing a claim before the insurance company gets involved with the payment. When you have a low deductible, say you paid the first 250 dollars, your premium will be bigger. On the other hand, if you have a higher deductible of 500 dollars, your premium will be smaller.
If ever you plan of moving out, it would be a fine point to seek out the best deal in the area. Most of the time, there are better rates suited for the new location. Auto insurance companies are like snowflakes-they all have the same concept in mind: to insure their customers, but each one uniquely tailors their own plan to implement this. So if someone claims that as long as youre insured, any insurance company will do, don't believe them.
The best advice that you can get to save money on your insurance is to shop around. Don't just pick the insurance with the cheapest premium, because the quote may not include the same coverage from one plan to the next. Instead, be sure you compare and contrast plans with similar coverages, deductibles, and limitations, so you know you're really getting the best possible deal.
It is a good idea to look into websites that compare different plans so you'll be well informed. Hopefully these car insurance pointers are just what you need to start saving money on your premiums today.
About the Author:
For more car insurance tips and suggestions for any questions regarding car insurance so you can save more money the easy way. Finding car insurance tips is the easy part, you also need to find a good car insurance company that will suit your needs.
Car Insurance Tips For Saving Loads Of Cash
With just a few car insurance tips, you could be on your way to saving money on your premiums. A lot of people gripe about how much they pay for car insurance, but the fact of the matter is, many of those same drivers aren't getting everything they can out of their policies. If you know what your insurance company offers, you are more likely to get the best possible deal.
The quickest way to reduce your payment is to make sure you are getting every discount you can qualify for. After all, why pay full price for a product when you don't have to? Car insurance works the same way.
There are all kinds of discounts available. A student can get a discount because they have a good report card. A police officer or nurse or other professional may qualify for discounts because of their alliances. Also, if someone puts their house on the same policy as their car they may qualify for a discount.
Another thing is, you may opt to drop your coverage. Now before you think of throwing these car insurance suggestions out the window, consider it this way. If you have a car that's more than fifteen years old, and you insured it with collision coverage, it's like spending your money for nothing.
When you get in an accident, your car will be considered a complete loss. Rather than purchasing collision for an older car, simply discontinue this particular coverage since you don't need it. Go ahead and evaluate all your vehicles' coverages to make sure you aren't over insuring them.
Another tested means to minimize your premium is to pay off your entire bill when you receive it, rather than pay it monthly. Having to pay the bill in a monthly basis may seem practical, but in reality, you will be paying more. If you pay a bigger amount instantly, you'll trim down your bill and end up paying less in the long run.
Now you realize, all you have to do to cut costs on your insurance is to spend a piece of your time to ensure you are getting the best out of all the discounts available. Only pay what is necessary on coverage and pay your complete bill up front to avoid additional fees. The money you will save with these car insurance tips will accumulate amount as the years go by.
The quickest way to reduce your payment is to make sure you are getting every discount you can qualify for. After all, why pay full price for a product when you don't have to? Car insurance works the same way.
There are all kinds of discounts available. A student can get a discount because they have a good report card. A police officer or nurse or other professional may qualify for discounts because of their alliances. Also, if someone puts their house on the same policy as their car they may qualify for a discount.
Another thing is, you may opt to drop your coverage. Now before you think of throwing these car insurance suggestions out the window, consider it this way. If you have a car that's more than fifteen years old, and you insured it with collision coverage, it's like spending your money for nothing.
When you get in an accident, your car will be considered a complete loss. Rather than purchasing collision for an older car, simply discontinue this particular coverage since you don't need it. Go ahead and evaluate all your vehicles' coverages to make sure you aren't over insuring them.
Another tested means to minimize your premium is to pay off your entire bill when you receive it, rather than pay it monthly. Having to pay the bill in a monthly basis may seem practical, but in reality, you will be paying more. If you pay a bigger amount instantly, you'll trim down your bill and end up paying less in the long run.
Now you realize, all you have to do to cut costs on your insurance is to spend a piece of your time to ensure you are getting the best out of all the discounts available. Only pay what is necessary on coverage and pay your complete bill up front to avoid additional fees. The money you will save with these car insurance tips will accumulate amount as the years go by.
About the Author:
For more car insurance tips and suggestions regarding car insurance head to the how car insurance works website. Finding car insurance tips is the easy part, you also need to find the best car insurance company that suits your needs.
Monday, August 3, 2009
The Meaning Of Incidence Rate
Consumers in the automobile insurance market often come across "incidence rates". This phrase, while confusing to some people, is actually a simple method for determining the level of risk for a specific vehicle.
Certain types and models of vehicles are more attractive to thieves. Also, certain models have been shown to be more likely to be involved in accidents or violations such as speeding or reckless driving. The insurance quote not only takes into account your personal driving history, but is also determined by the type of vehicle that is being insured.
To determine the level of risk associated with your car the insurance company will look at professionally produced statistical lists supplied by the auto industry. These lists include information such as the universality of parts, failure rates, and the number and types of accidents the car is generally involved in. These have all been thoroughly researched by experts in the field who specialize in statistical analysis.
It's common knowledge that sporty cars are more likely to get speeding tickets but many people do not know that cars with light colors are involved in more accidents as well. This information should be available to everyone, not just your insurance agents. You can talk with a car dealer or do an internet search on why your rates might be higher than everyone else.
But what if you really had your heart set on a certain vehicle type, only to find out that the specific model was more prone to auto thefts than others? Obviously, your insurance rates will be higher than if you had chosen a different vehicle. If a vehicle is stolen, your insurance company must reimburse you for the full fair-market value of the vehicle. But by installing anti-theft devices, alarm systems, and even GPS systems, you can lower the theft risk and help lower your insurance premiums.
If your car is a color that's more likely to be hit by another car, such as white, you can add uninsured or underinsured motorist protection to ensure that you are covered in case the other driver isn't. Most of the time the insurance company will allow a lower rate in this case as they're protected from extra costs. Remember that even though it's illegal to drive without insurance it's still very common to find people who don't think they need it. You have to think ahead to protect yourself in this situation.
It's very important that you know what the incident rate for your car is for all of the situations mentioned above. These would be accidents, theft, and the sad but possible possibility that your car could be completely destroyed in a car accident. Everyone might want to ponder their car choices a little bit more, and maybe choose the slightly more conservative car over the flashy white or yellow sports car. This could save you money in the long run, and it might actually help make you safer!
Certain types and models of vehicles are more attractive to thieves. Also, certain models have been shown to be more likely to be involved in accidents or violations such as speeding or reckless driving. The insurance quote not only takes into account your personal driving history, but is also determined by the type of vehicle that is being insured.
To determine the level of risk associated with your car the insurance company will look at professionally produced statistical lists supplied by the auto industry. These lists include information such as the universality of parts, failure rates, and the number and types of accidents the car is generally involved in. These have all been thoroughly researched by experts in the field who specialize in statistical analysis.
It's common knowledge that sporty cars are more likely to get speeding tickets but many people do not know that cars with light colors are involved in more accidents as well. This information should be available to everyone, not just your insurance agents. You can talk with a car dealer or do an internet search on why your rates might be higher than everyone else.
But what if you really had your heart set on a certain vehicle type, only to find out that the specific model was more prone to auto thefts than others? Obviously, your insurance rates will be higher than if you had chosen a different vehicle. If a vehicle is stolen, your insurance company must reimburse you for the full fair-market value of the vehicle. But by installing anti-theft devices, alarm systems, and even GPS systems, you can lower the theft risk and help lower your insurance premiums.
If your car is a color that's more likely to be hit by another car, such as white, you can add uninsured or underinsured motorist protection to ensure that you are covered in case the other driver isn't. Most of the time the insurance company will allow a lower rate in this case as they're protected from extra costs. Remember that even though it's illegal to drive without insurance it's still very common to find people who don't think they need it. You have to think ahead to protect yourself in this situation.
It's very important that you know what the incident rate for your car is for all of the situations mentioned above. These would be accidents, theft, and the sad but possible possibility that your car could be completely destroyed in a car accident. Everyone might want to ponder their car choices a little bit more, and maybe choose the slightly more conservative car over the flashy white or yellow sports car. This could save you money in the long run, and it might actually help make you safer!
About the Author:
Graham McKenzie is the content syndication coordinator for Carinsurancesa.co.za. South Arica's leading Car Insurance portal.
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