Auto Insurance Guide Archive for January, 2010

• 5 Things you Avoid While Buying Auto Insurance

  by Hayden Krueger

  People who buy car insurance for the first time often get overwhelmed by the options they have and they make avoidable mistakes. While buying auto insurance there are a few things a person must not do since these things can cause him financial loss. This article will elaborate on 5 basic things not to do while you buy or renew auto insurance. 

  Do Not Buy the First Quote Offered 

  Although it may be tempting to opt for the first auto insurance company that gives you a quote you should not do this. Comparing quotes is the best way to ensure that you get value for your money since by comparing quotes you become aware of the various companies that offer good policies for a reasonable price. By opting for the first quote you do not explore the chances of getting a lesser or a better quote. 

  Do not Opt for … Click here to read more

• Should you buy rental auto insurance?

  by Hayden Krueger

  Rental auto insurance covers the cost that would be required to rent a car in case of certain contingencies. The situation in which you might rent a car might vary from time to time. And each insurance policy will cover you only for certain situations.

  It is important that you review each and every policy in detail. There will be a lot of sub clauses that you might want to consider while making your decision. It’s good to research your options before you go ahead and make a decision. Because once you pay for your policy, there is no way to reverse on the policy. You have to make a good decision and stick to it.

  When you rent a car, normally your personal auto insurance will be transferred onto the car that you rented. That is your insurance policy will start covering the rented car also. The liability coverage … Click here to read more

• How much auto insurance coverage do you need?

  by Hayden Krueger

  This is an often asked question. People want to know just how much auto insurance coverage is too much. And this is in fact a very pertinent question to ask.

  If you get too much, you are simply wasting your hard earned money on something that might not even come in handy. But if you buy too less, you run the risk of having to pay a lot out of your private coffers in the event of an accident.

  How can one decide how much auto insurance coverage to get?

  The easiest piece of advice would be to get as much as you can afford. Try to gauge what amount of money you can set aside every year without feeling the pinch. Once you know what this figure is going to be, you can start by setting aside that amount and trying to gauge whether or not this is affecting … Click here to read more

• Getting auto insurance coverage at the rates you want

  by Hayden Krueger

  Auto insurance rates are something which keeps changing with time. It depends a lot on the prevailing economic situation. If the economy is good, then people will spend more. And if people spend more, they are obviously going to buy more cars. And with an increase in the number of cars on the road, you will naturally see an increase in the demand for auto insurance. This will automatically drive the auto insurance rates through the roof, its all about demand and supply.

  So how can you keep your auto insurance rates down?

  All it takes is a few simple steps. If you follow them to the dot, you should be able to keep a check on the insurance premium that you are going to be paying every quarter.

  Ensure that you have a good driving record. A driving record is something that is maintained by the DMV or department … Click here to read more

• Choosing the Right Auto Insurance Company To Cover You Financial Liabilities

  by Hayden Krueger

  Auto insurance is the law in all the states of the United States of America. And apart from it being the law, it is also common sense to own auto insurance coverage so you will be not be financially burdened in case of any accident.

  Over the past few months, insurance rates have been going up continuously. This is partly due to the fact that there has been a revival from the recession. People are slowly starting to spend more and save less, just like during the pre recession times. And with increased spending, it is obvious that there is going to be an increase in car sales. With an increase in car sales, the demand for insurance automatically goes up and hence the rates will also go up along with it.

  The first step is to choose your insurance company. Look over the internet and shop around for the … Click here to read more

• Basics about non owners auto insurance

  by Hayden Krueger

  Non owner’s auto insurance is something that has been around for quite sometime now. It started out as rental insurance but later branched out as a separate entity.

  What is non owner’s auto insurance?

  Non owner’s auto insurance is necessary for people who drive a car that is not owned by them. This may or may not mean that he or she does not own a car. But this is not the point in question. The fact is that the person is driving a car and may get into an accident.

  Now normally any car will have insurance which will cover for accidents no matter who is at the wheel. But there are some insurance policies which will cover for damages only in cases where the person at the wheel is the owner of the vehicle. That is the insurance policy is attached both to the car and the policy … Click here to read more

• Auto insurance coverage options you can give a thought to

  by Hayden Krueger

  There are several types of auto insurance coverage available. It is important that you research and shop around before you freeze on a certain type of coverage. Because you need to be aware that once you pay up the first installment on your policy, there is no going back. You cannot get a refund and back out of the policy in the middle of the year. You will have to wait for another year until you can avail of a new policy. And it is not a good habit to keep changing policies. This will only give you bad deals on your policies.

  So what are the different types of policies that are available out there?

  Bodily injury liability provides coverage against bodily injury claims that might arise out of an accident. It covers all injuries that are sustained in an accident. This includes injuries sustained by you, by the … Click here to read more

• All about Auto Insurance for Women

  by Hayden Krueger

  Women have generally enjoyed lesser auto insurance rates when compared to men in this country. And it will always be so.

  Why do women get to pay lesser premiums?

  Though many people consider women to be bad drivers, that is not the case. There might be a lot of jokes about the lack of driving skills among women but the statistics speak otherwise. The department of motor vehicles has historically recorded more percentage of accidents due to the fault of male drivers. And hence the insurance companies consider women drivers to be safer and more responsible.

  Now that you know this fact, you must also know that they will give you a lot better deal than a man. Being a woman gives you a huge benefit when looking for a policy. Make sure you use this to your benefit.

  When you go shopping for an auto insurance policy, try finding … Click here to read more

• Information that can be handy while buying Auto insurance for teenagers

  by Hayden Krueger

  Teenage auto insurance is very expensive to procure and sustain. There are a number of reasons for this situation. And it is important that we understand these reasons in order to take steps to avoid paying a ransom for your auto insurance policy.

  Teenagers are known to be rash drivers. It is statistically shown that more than half of the accidents in this country are caused due to teenage drivers. So it’s not just an assumption, but a very hard fact that younger drivers are not responsible enough. So why is this?

  Young drivers do not have sufficient experience. They have just started driving and hence are under a lot of pressure to prove themselves. They also need to learn the rules and regulations, all this takes time. so what can you do to help them out?

  Try getting your kid registered in a defensive driving class. This will not … Click here to read more

• High risk auto insurance policies

  by Hayden Krueger

  Auto insurance rates are never going to be the same for any two individuals. Each driver is unique and it is going to be obviously different for each one. And unfortunately for some, they end up being categorized as high risk individuals.

  Who are high risk individuals?

  There are a number of classes of people who fall under the high risk category. We shall discuss each category in detail and then end the discussion with suggestions as to how to prevent oneself from being branded as high risk.

  Young drivers

  Teenage drivers or drivers who are below the age of 25 will automatically be branded as high risk individuals. There are a number of reasons for this and the most important one is that the highest percentage of accidents is caused by teens in America.

  It is also assumed that the lack of practice and experience can reduce the ability … Click here to read more

• All you need to know about Auto insurance fraud

  by Hayden Krueger

  In the current economic situation, it is becoming more common to sight cases of auto insurance fraud. Every day there are new reports of cases of fraud and the perpetrators are devising new methods to prevent being caught and to collect on their insurance.

  The most common method would be staged rear ending of cars. A car which is speeding on the highway will suddenly apply its brakes and cause the car from behind to slam into it. And for all practical reasons it looks like you were the person at fault because you were the one who could see the car ahead of you. This is one of the reasons why you are always advised by the police to maintain at least a two car distance with the vehicle ahead of you.

  Even when you have adapted your cruise control system, try not to lose your concentration. Make sure … Click here to read more

• Working out a good deal on your auto insurance

  by Hayden Krueger

  Getting a good deal from your auto insurance agent is all about patience and perseverance. And before you take the dive into finding a good deal, it is important that you do your homework about the subject.

  There are a number of books which can guide you to take the right steps. And more than books, nowadays with the advent of the internet there are a lot of websites that offer good quotes for your auto insurance policy.

  The first thing to do is to go online and look for a free quote. Look in third party websites that offer a number of insurance quotes under one roof. This way you can do a comparative analysis. And also remember to cross verify the claims of the third party website with the original website of the insurance company.

  Once you have shortlisted a few companies after looking at their quotes, the … Click here to read more

• Winning auto insurance litigations

  by Hayden Krueger

  Auto insurance litigation can be a painstakingly long and expensive process. And it is better if one is prepared beforehand and knows what exactly must be done prior to meeting with an accident.

  So what exactly must you do after an accident?

  The first thing to do obviously is going to be to check whether everybody is fine. Make sure that no body needs immediate emergency care. If they do, then you must call the emergency services immediately.

  And once you have extricated all the people from within the wreck, move away from the vehicle. But do stay within visual range. If it is a freeway or any other high speed corridor, try alerting the other drivers to the peril by switching on your flash lights or by putting a couple of flares in front of the wreck.

  But before extricating anyone, make sure that you are not going to … Click here to read more

• Various Factors that Vary auto insurance rates

  by Hayden Krueger

  Auto insurance rates are affected by various factors. It is important to know what exactly can affect your rates before taking a decisive action to counter it.

  The most important factor is obviously the type of auto insurance that you have chosen. First party insurance or fully comprehensive auto insurance is one of the most popular new car policies. It gives the policy holder the maximum amount of flexibility and at the same time it has to be noted that it is pretty expensive. In fact it is the most expensive type of conventional insurance you can get.

  A non conventional insurance would be sports car, classic car or commercial auto insurance which is much more expensive. First party insurance gives you coverage for all accidents. Even if you were not at fault, you can claim for damages. And you can also claim reimbursement for situations where you have met … Click here to read more

• Repercussions of driving without a valid auto insurance policy

  by Hayden Krueger

  Driving without auto insurance is a very irresponsible thing to do. It is not only against the law in all states across the United States of America, it is also extremely unsafe.

  The government enforces auto insurance on all road going vehicles in order to ensure that the driver is financially responsible for his actions. In the absence of auto insurance, vehicles can run amuck and cause disaster on the road. The driver needs to be penalized for his or her actions on the road. Or else there will be no accountability for what happens on the road.

  A person can claim that he or she has sufficient financial backing to pay for damages in case of a road accident, but existence of finances is not proof of intent to expend with it. And in the absence of an insurance policy, a person can be driven to bankruptcy trying to … Click here to read more

• Must know information about commercial auto insurance

  by Hayden Krueger

  Commercial auto insurance is something that is way different from conventional auto insurance. There are a lot of factors which differ and hence result in a widely different cost range.

  Commercial auto insurance is required for people who are using vehicles for any purpose other than personal use. We shall now see a couple of examples where commercial auto insurance could be used.

  A lawn mowing company would use various kinds of lawn mowing vehicles. This could include small scale one-man vehicles or even larger tractors which would be used for landscaping and agriculture. It has to be noted though that these vehicles will not be used during the harsh wintry months of November or December. And hence there would be a certain idle time associated with the use of these vehicles. We shall deal in more detail with this later on in the article.

  Another example of a commercial … Click here to read more

• How much auto insurance is too much?

  by Hayden Krueger

  This is an often asked question to which there is no straight answer. The best answer that any auto insurance agent can give you is that you must buy as much insurance as you can afford.

  The first thing to do when deciding how much to buy is to find out how much the state prescribes as the minimum auto insurance coverage. This way you will know how much is the bare minimum that is necessary.

  For example, in Nevada, for bodily injury liability the coverage is 15000$ per person per accident and 30000$ for all the individuals involved in the accident per accident. And for property damage sustained during the accident, the minimum coverage that is required is 10000$ per accident. All states have a more or less similar limit structure.

  The second step is to understand what exactly the minimum coverage can take care. As can be seen … Click here to read more

• Getting a classic car auto insurance

  by Hayden Krueger

  Classic car insurance is something that is not very common in all places across the United States of America. It’s important to know someone who will be able to give you a good deal. But if you don’t, there are always other ways to get started.

  The best way to get the latest news about classic automobiles is to register in a classic car club. There are a number of state wide classic automobile clubs which conduct a wide variety of events all year round. The registration fee might be hefty for a few professional clubs, but it is worth the cost if you are serious about maintaining your car for a long time at the minimum possible cost.

  The most common event that you can go to is the annual gala or meets. It is in such events that you get to socialize with like minded individuals and get … Click here to read more

• Filing auto insurance claims which guarantee success

  by Hayden Krueger

  Filing for an auto insurance claim is never easy. It takes a lot of time and patience to get your money from the insurance company. And it is also important that you do it right the first time, else you will end up losing your money.

  The first thing to do after being involved in an accident is to take down the registration number of the other party involved. If the other party is the offending party, then it is all the more important to do this as you have to claim damages from the other party’s insurance company.

  If a police officer is present at the scene of the accident, then it makes the entire process a lot easier. As the officer will take a detailed statement from each of the parties and this will make it easier to go about the claim later on. It also helps that … Click here to read more

• Drive safe and avoid accidents to keep auto insurance premiums down

  by Hayden Krueger

  Driving a car is something that pretty much every adult in this country is capable of. America is a country where one cannot lead a normal life without access to a car, at least which is the case in all parts other than a few cities with a good public transport system.

  Although a lot of people can drive, the question is can these people drive safe? Do you know the ways and means to avoid getting into an accident? Being aware at all times can help you in avoiding an accident like situation. It is important to anticipate what is going to happen on the road. We shall discuss a few pointers on how to avoid accidents.

  The most important thing as mentioned before is to be aware of your surroundings. Make sure you know the local rules and regulations. It is important to do your homework before you … Click here to read more