Auto Insurance Guide Archive for February, 2010

  • High risk auto insurance 101

    by Hayden Krueger

    Are you considered as a high risk when it comes to auto insurance companies? Are you insuring a teen, a senior or a high powered sports car? It’s no longer a secret that high risk insurance costs considerably more than normal insurance policies. Although the market has evolved to a state where there is hope for high risk drivers and more and more companies don’t believe in classifying drivers as high and low risk drivers. 

    What is high risk?

    Insurance companies calculate a risk factor each customer can mean to them. This is basically a numerical representation of the odds they will make a loss to a profit by insuring you. The higher the figure the higher of a risk your policy is to the company; you share part of this risk by paying a much higher premium thus increasing the chances of a profit and leveling the playing field. … Click here to read more

  • Getting auto insurance companies to give coverage at affordable rates

    by Hayden Krueger

    Cheap auto insurance can be found anywhere from advertisements on fliers and gas stations, to local directories and yellow pages to insurance company websites and privately run comparison websites sites. 

    Online quotes 

    If your not too tech savvy and are not interested in online quotes you can always drive down to the nearest insurance agent to get yourself a money saving deal. Another good way is to call auto insurance companies on the phone and request quotes; however both the aforementioned methods should be used only if you are unavailable to receive quotes online. 

    Online quotes save you a lot of time, in the same amount of time you would spend with an insurance agent over the telephone or in the office you can request up to 20 online quotes! Over and above you can also request multiple quotes at a time on a comparison website saving you even more … Click here to read more

  • Auto Insurance policies with low down payments

    by Hayden Krueger

    Many factors affect your insurance premium, and very often they are not factors you can control. For example a young single male driver you will undoubtedly attract a higher premium and there is nothing he can do to change it; sure he can take a few driver’s ed courses but that wont get his premium down as much he will most normally need it to be. 

    Similarly a single parent whose 16 year old is learning to drive will have to bear a huge spike in auto insurance premiums, or someone who lives in a neighborhood infamous for vandalism will not only have to put up with the constant fear of their car being damaged or stolen but also a much higher premium. Very often these increases in your insurance premium don’t seem fair, but its how your insurance company works. Most people living frugal lifestyles can’t afford to pay … Click here to read more

  • Used Vehicle Auto Insurance Information at your Finger Tips

    by Hayden Krueger

    People who are thinking of buying a used car for the pure fact that it sounds like a cheaper deal, make sure that everything is checked and reviewed before the actual buying of the vehicle. One doesn’t just have to think about the vehicle, but he will also have to research about used car insurance that he is going to need.

    The first step is to gather as much information possible about the used vehicle. Being a used car, one will have to assume that the car has had up to 5 owners prior to him. It is necessary to get as much information about the last owner of the vehicle. You will need to find the answers to a lot of questions- what was the kind of care that the last owner took of the car? Was it checked on a regular basis? Was it used to carry very … Click here to read more

  • RV auto insurance information you cannot afford to miss

    by Hayden Krueger

    RV stands for recreational vehicles. For the uninitiated, they are homes on wheels for a lot of people. But essentially, they are just cars with trailers. This brings us conveniently to our topic at hand.

    As opposed to car insurance, RV auto insurance can get quite complicated and not to mention, expensive. This stems from the fact that RV’s are generally larger and can be regarded as more dangerous and prone to mishaps than cars. Trailers have been known to detach themselves from the car and cause damage inclusive of, but not limited to self and traffic on the road. Although RV’s are primarily used for camping trips, they are a means of transport and a suitable alternative for a large number of people who are constantly travelling and on the move all the time. As mentioned above, dangers arise constantly in RV’s and owners need to be extremely cautious … Click here to read more

  • Revealing all about auto insurance that you need to know

    by Hayden Krueger

    The term motor vehicle insurance refers specifically to the coverage given to motorcycles, cars and trucks. In the event that an accident causes bodily harm as well as damages to livelihood and property, it is this kind of coverage that allows a policyholder to file for a claim.

    It is known that owning auto insurance is necessary if you own a vehicle; it is required by the law to have insurance for the vehicle as well. If one does not comply with these rules, heavy fines are imposed or still worse, one can be made to serve time in jail. The minimum requirement is for one to have liability insurance coverage for the third party, in case damages are received by the third party in case of an accident.

    The coverage offered by motor vehicle insurance may include loss of life, and damages of property, received by policyholders and third … Click here to read more

  • Make a well informed choice of auto insurance for you new vehicle

    by Hayden Krueger

    When people buy new cars, it is obvious that they have to buy new auto insurance policies as well. But those who spend huge amounts in just buying their cars usually end up buying cheap, inexpensive policies for their vehicles. However, this can be dangerous; they may end up cutting out very valuable quality service that will need. Worse still, many drivers only learn that the policy they bought was insufficient to pay for damages, only in the event of an actual road mishap; usually this holds true for cheap policies.

    Now when buying a vehicle on loan, the loan company usually requires that you purchase brand new auto insurance. If the vehicle is damaged, stolen or totaled, this proves as a protective measure from financial obligations for the company. If you delay in getting your vehicle an insurance policy, the company gets one for you, and this proves to … Click here to read more

  • Know how to buy auto insurance like the back of your hand

    by Hayden Krueger

    Buying auto insurance can be a time consuming process which at times might seem complex if you don’t have the right information to assist you. In order for you to make an informed decision, it is imperative to be equipped with the right information to make a choice that suits you the best. 

    Understand your requirement 

    Every person’s requirements from an auto insurance policy differ and just like a person’s car, it needs to be customized to suit the car owner. When you go in to purchase a car, the salesman will obviously suggest a car; however, this may not be the best option for you. It is in actuality what he perceives to be the best car for you. You need to make your own decision as to what suits your applications and usage pattern. In the same way, no insurance agent can suggest what cover you should get, … Click here to read more

  • Filing Successful and Hassle-free Auto Insurance Claim

    by Hayden Krueger

    Most auto insurance claims that are rejected are mainly not accepted because the person filing the claim missed out on import information. Filing an insurance claim is not hard provided you know what information needs to be given to the insurance company. This article will elaborate on tips to help you find a successful claim for auto insurance. 

    Get the Right Details 

    After an accident occurs the first thing you should do is to talk to the other person involved in the accident and to get his insurance details. While you are getting the other person’s insurance details you should also get his contact information. While you are at the scene of the accident you should make it a point to note the extent of the damage of both cars and if any passengers in the car were hurt. 

    Call the Right Authorities 

    While you are at the scene of … Click here to read more

  • Decreasing auto insurance premiums for high risk drivers

    by Hayden Krueger

    Common belief tells us that high risk drivers can’t save. This mentality will never change as long as insurance companies control information provided to us. This however does not help customers much. Internet has revolutionized the way we think and the quantity of information available to us. There are various options open to high risk drivers to save on insurance premiums, here are a few of the best ways to drop your premium today. 

    Who qualify as high risk? 

    People with bad driving records, people in the age groups of 16-25 and 55 and above, people with bad credit scores, people with exotic or high powered sports cars, people with highly modified cars just to name a few. Insurance companies categorize customers to analyze the risk they pose to their profitability. People who statistically are more likely to make a claim are categorized as high risk. These isn’t always true, … Click here to read more

  • Cost Effective Auto Insurance Made Easy

    by Hayden Krueger

    Request quotes 

    Everyone’s looking to save money on auto insurance premiums, but how does one go about it? Start online, the internet is a good place to shop for insurance quotes. Insurance quotes are freely available at no cost, and barely takes any time, requesting ten quotes will not take more than an hour, and no specialized computer knowledge is needed. Head to a comparison website, which will help you compare quotes side by side, so you can compare the cost and the cover provided. To begin with, request ten quotes. 

    Understand your need 

    Everyone has their individual needs when it comes to auto insurance, and you should take the time out to find a plan that will suit your needs. You can’t go on the word of the salesperson; he/she is working on commission and will be more likely than not to suggest something to you that will earn … Click here to read more

  • Controllable and Non controllable factors that impact auto insurance rates

    by Hayden Krueger

    There are many controllable and uncontrollable factors that decide the amount of auto insurance you pay each year. While the controllable factors can be controlled by you and others who use your car, the uncontrollable factors cannot be controlled by anyone. This article will help you understand which 6 factors affect your auto insurance premium the most.

    Your Age, Gender and Marital Status are Non Controllable Factors

    Your age is one of the key factors that decide the amount of premium you pay each year. Insurance companies believe that certain people are of more risk to accidents than others and they also believe that people between the ages of 21 – 55 have a lesser chance of accidents. Teenagers and young adults who are younger than 21 years are charged a higher premium and so are people above the age of 55 years old.

    Your gender is another important uncontrollable … Click here to read more

  • Commercial auto insurance information that will come in handy

    by Hayden Krueger

    Commercial auto insurance is very much different from conventional auto insurance. Firstly, it is the cost of the insurance that differs. It is much more expensive to insure commercial vehicles. But apart from this fact, there are a lot more things to keep in mind.

    Commercial vehicles are obviously going to be used a lot more than a private vehicle. The owner is going to try and get the most out of his investment. No one would want a costly vehicle to just lie around in the garage. The more it is put to work, the more profits the owner rakes in. the insurance company is obviously worried about the risk associated with extensive usage. It is apparent that the more you drive around in a vehicle, your chances of meeting with an accident increase. It is simple probability and statistics at play here.

    The only way to avoid such … Click here to read more

  • Cheap Auto Insurance now a reality

    by Hayden Krueger

    Auto insurance is made mandatory in most states because vehicle insurance protects the interests of vehicle owners. Most people are under the impression that in order to get good vehicle insurance they have to spend a lot on premium every year. This is not true since there are many ways to get cheap vehicle insurance. The following paragraphs will elaborate on the top 5 ways you can get cheap auto insurance for your vehicle.

    Realize That You Have More Than One Option

    Many vehicle owners opt for the first insurance plan that they find since they feel that they have limited options. The truth is that unless your credit score is really bad you will have many options when it comes to auto insurance. Before committing to the first vehicle insurance company you should first search online for better insurance options. The best way to do this is to ask … Click here to read more

  • Benefits of group auto insurance you cannot ignore

    by Hayden Krueger

    Many feel that the process of searching for a cheap, affordable group auto insurance is too long and highly confusing, and there is a general tendency to look down upon it. But these thoughts are not just outdated; they’re baseless too, as there is the opportunity of choosing an insurance policy that is tailored to your needs. Group auto insurance is the need of the hour in such a circumstance, specially if you have a large family or a large friends circle.

    There are many insurers who offer policies of different types, for example, health, home, and vehicle, within the same insurance company itself. Hence the client has the option of choosing more than just one insurance plan. The most appealing part of group auto insurance is the fact that one can get amazing discounts and packages. However its worth mentioning that combining the policies on your health, home and … Click here to read more

  • Auto Insurance Myths Busted

    by Hayden Krueger

    Rumors and myths are usually floated around about every service or product in the market and the auto insurance industry is no exception to this rule. There are various vehicle insurance myths floating around that scare car owners when ever it’s time to insurance the car. This article will provide information on the top 6 auto insurance myths and also provide facts. 

    The Color of a Car Affects the Premium 

    Most car owners are scared that if they buy red cars or yellow cars their car premium will sky rocket through the roof. This myth is probably based on the assumption that since sports cars are usually red and yellow, all owners who own cars that are of these colors also have to pay a high insurance rate. The fact is that the make, model and condition of your car actually affect your insurance rates and not the color. 

    The Click here to read more

  • Auto insurance if you have a high risk vehicle

    by Hayden Krueger

    Are you in the high risk bracket?  

    Did you just buy that spanking new sports car that you’ve been eyeing all this while? And then later find that it was going to neatly take a large bite out of your bank statement to just insure it? Well, you can take comfort in the knowing the fact that you’re not the only one. There are plenty of others just like you. It doesn’t matter if you have a sparkling clean driving record; you will still fall into the ‘high risk’ bracket, only because of your vehicle. 

    Auto insurance rates are ever rising and it definitely doesn’t seem fair to the consumer, especially if you own a sports car and what’s worse, there seems to be no getting out of the sticky situation. However, you can still manage to considerably lower your premiums if you keep a few things in mind, and … Click here to read more

  • Auto Insurance for Teens with emptying your wallet

    by Hayden Krueger

    Teenagers often wait to turn 16 so that they can drive their first car but most teenagers do not understand that teen auto insurance is expensive. Parents often struggle to tell their children that driving a car is an expensive affair since auto insurance for teens usually costs a lot. This article will help you understand ways you can reduce the amount of vehicle insurance you pay for your teen’s car every year. 

    Compare Quotes and Get Multiple Quotes 

    Most parents feel that auto insurance companies do not want to insure teen drivers hence they opt for the first quote they get. While shopping for vehicle insurance for your teen you need to understand that the only reason insurance companies charge a high premium is because teens are risky drivers. The easiest way to get cheap auto insurance for your teenage child is to take your time and to get … Click here to read more

  • All you need to know about Family Auto Insurance

    by Hayden Krueger

    Your quest for a good auto insurance policy for the family car starts with shopping for insurance. Don’t ever make the mistake of settling for the first quote you get, there are options in the market and you should make use of them. Approaching an insurance agent or broker was the way to go, and for decades they have been helping people derive multiple quotes and save hundreds of dollars. However times have changed and the winner’s choice are websites run by insurance companies and private parties hosting sites where you can get multiple quotes in a fraction of the time. Online quotes are faster, simpler, and save effort spent in traveling to different insurance agents. 

    Auto insurance company’s website 

    Websites like these are funded, operated and maintained by an insurance company. You can request a quote from only that company at a time, and its scope is thus limited. … Click here to read more

  • An indispensible guide to teenage auto insurance policy

    by Hayden Krueger

    Buying auto insurance for teenagers is far more complex than it appears to be. There are websites which specifically help you apply for quotes for teenage auto insurance, and such sites can be a boon in your hunt for affordable insurance. 

    Deciding factors for the premium 

    Insurance companies will consider the teenager’s age, sex, driving record, location, and of course the car they drive. The older your teenager the lower the premium will get, males attract a higher premium as compared to females who tend to be more careful on the road. The teenagers driving record till date (if any) will also be considered; a less than perfect record will result in higher premiums. If the teen is living in a high crime neighborhood, the premium will shoot up as the car will be more susceptible to vandalism, theft and even damage. Certain cars are considered high risk, as they … Click here to read more