Auto Insurance Articles Archive for October, 2010

• Auto collision insurance – when to have or not to have it

  by Jasper Ericks

  There are several different items that you can include in your auto insurance policy. It would depend on what you feel you need when it comes to insuring you and your car. The most common item that auto insurance companies offer would be “full coverage”. One thing you should know though, having full coverage does not really mean that it covers everything. It is only comprehensive coverage and collision coverage combined. Comprehensive coverage covers damages to your vehicle that was … (more) October 19, 2010

• What can cause me to have high risk auto insurance?

  by Jasper Ericks

  A poor driving record can cause you to have high risk auto insurance. It has a higher insurance premium than a regular one because reckless drivers are more likely to be involved in an accident. That means auto insurance companies will be shedding more money just to cover the cost than with a careful driver. They are called “high-risk” because they are a risk to the company’s assets. No company would like to shed more than what is coming in … (more) October 19, 2010

• Factors that can push you to get high risk auto insurance

  by Jasper Ericks

  There are a lot of factors that affect your approval for an auto insurance policy. These factors are often evaluated based on statistical information. Studies have been made for car insurance companies to know who among applicants are high-risk and who are not. If applicants are considered as high risk, then the approval is less likely or you will be given a higher premium to pay. Auto insurance companies want policyholders that will not cause them to be bankrupt so … (more) October 18, 2010

• How can I benefit from a group auto insurance policy?

  by Jasper Ericks

  You can benefit more from a group auto insurance policy than a regular auto insurance taken individually because of its collective quality. When you go for regular car insurance, your person needs to be evaluated. Your age will be taken into consideration, your driving record and behavior, your gender and your car model and its brand. From these and other significant data, you will be provided a premium rate and whatever they may give, a low or a high one, … (more) October 18, 2010

• Good to know things about group auto insurance

  by Jasper Ericks

  Group auto insurance is a car insurance offered to formal and informal types of groups. Let us say that you are a part of a large company or just a small organization and you are issued company cars to use or even have your car that you use for work, this is the most common type of auto insurance provided by car insurance companies. There are several benefits that this type of auto insurance gives, not only to the whole … (more) October 17, 2010

• Things I need to know about gap insurance

  by Jasper Ericks

  “GAP” in GAP insurance stands for Guaranteed Auto Protection. This is usually taken by people who have car loan balances that are more than what their car is currently worth. Cars are one of the things that depreciate easily. A brand new car that costs $30,000 can be as low as $20,000 at face value in a matter of months. Gap insurance is used when the car is stolen or it is totally damaged. So how does it work? If … (more) October 17, 2010

• When Should I Get GAP Insurance For My Car?

  by Jasper Ericks

  In our economy that is based on credit, we do not usually pay cash for the things that we need. Instead, we get loans and credit cards to pay for them for convenience because we do not have the funds to pay for them upfront. A very good example would be getting a house or a car. These things are a necessity for us so we try our best to get them. Mortgages and car loans are made available for … (more) October 16, 2010

• Considerations for New Car Insurance

  by Jasper Ericks

  If you have an experience of insuring an old and used car, you might have an idea on how auto insurances work. Insuring a new car is quite different from that of insuring a used car because the need for each car differs. There are certain requirements that auto insurance companies have for their consumers. People who will purchase insurance for a new car will likely be given higher auto insurance rates than those with a used car. Also, … (more) October 16, 2010