Auto Insurance Guide Archive for February, 2010

• All of the help you need in selecting the perfect Auto Insurance coverage

  by Hayden Krueger

  Many factors need to be kept in mind before one can venture out to buy an auto insurance policy. One of them is additional coverage. With the continuing slump in the current economy, it is tempting to think of it as illogical, and something that is not required, but the reality is, that one cannot doubt its long term benefits.

  The budget for the auto insurance may or may not be one that is shoe string, but if it is possible to slightly extend the budget, collision coverage should definitely be opted for. This kind of coverage will take on the money required for repairs or complete replacement of the vehicle which is involved in the accident. People who buy their vehicles on loans have to, as a mandate, get this coverage.
  Then there is the comprehensive coverage. In the event that the car of the policyholder or some of … Click here to read more

• Affordable auto insurance now within your hand’s reach

  by Hayden Krueger

  Auto insurance rates have been going up over the past few months. This is mainly due to the renewed consumption of the American public. The recession is now unofficially over, anyone who walks the streets of down town New York City on a Friday night would know! With an increase in all prices, there is bound to be an increase in the auto insurance rates as well.

  Curbing the increase in auto insurance rates

  The first thing to do when you want to get cheap insurance is to look for it on the internet. There are a number of websites that offer free insurance quotes to the discerning customer. All you have to do is put in your details like name, contact number, address. In some cases you might also have to put in other details like your social security number, vehicle identification number and also drivers license number. It … Click here to read more

• Which auto insurance coverage is yours?

  by Hayden Krueger

  Auto insurance coverage is required by law in the United States of America. The minimum coverage differs from state to state. If you do not own auto insurance, you can be severely penalized and the penalties can vary from a minor fine to a jail sentence if you are involved in an accident.

  The most basic type of auto insurance policy is third party insurance coverage or personal injury protection. It is a coverage which will provide for all the losses sustained by the other party involved in the accident, but not for your losses. And it is also required that you are the party at fault in the accident. It will not cover you if there is no proof that you are the party at fault. Normally, the other party will litigate in order to prove your fault in the accident. This is natural given that no one will … Click here to read more

• What you should know about insuring your truck

  by Hayden Krueger

  Most people believe that insuring a truck and a car are the same thing, which can’t be further from the truth. Sure, insurance for both will protect you against collision and acts of nature or vandalism, so yes, there are similarities, but the differences are noteworthy.

  The first and key difference is that most trucks have commercial insurance. Insurance companies generally provide commercial insurance for trucks because most trucks are used for commercial applications. The way insurance companies see it is, if you have a truck, you are going to be using it for commercial work. There are different definitions of commercial application of course; even something such as delivering groceries can be considered commercial application. Trucks can be used for almost anything and everything, including carrying heavy cargo loads. Most trucks on the road are owned by commercial companies, and enterprises.

  Another major difference is the size of a … Click here to read more

• Unveiling all about month to month car insurance

  by Hayden Krueger

  If you want the cheapest deal possible along with the maximum flexibility, do not look further than month to month car insurance. It is important to plan and budget out your policy in the current economic scenario.

  Conventional car insurance requires you to pay your premium every quarter or every year. And the premium amount might be at times cheaper than going for month to month car insurance. But it is usually a lot more expensive than month to month insurance.

  Month to month car insurance does not require a large deposit initially. Sometimes you do not even need to pay a deposit at all. And it is very flexible because you can stop being affiliated with the policy at any given time. All you have to do is stop paying and inform the insurance company of your decision. When you make your first payment you get a non obligatory … Click here to read more

• The key to getting cheap modified car insurance

  by Hayden Krueger

  While purchasing the premium for your car insurance, you have the liberty of bargaining for a cheaper price, even though the insurer has the final say in the matter. Surprisingly, even if it a modified car that you’re driving, it isn’t very hard to get your insurer to settle on a better rate. All you have to do is get your know-how of bargaining right when you’re getting affordable modified car insurance.

  Don’t jump into the bargaining fray right away; you will need to know firstly, what the risk factor concerned with your modified vehicle is. If you have extensively modified the engine of your vehicle to give you increased horse power, well, your insurance premium will rev up accordingly. But other measures, such as fitting an anti braking system, or an alarm system, or lock wheel nuts fitted to alloy wheels of your vehicle can significantly bring down the … Click here to read more

• The benefits of Instant auto insurance quotes

  by Hayden Krueger

  If you are in the market shopping for auto insurance, how do you proceed? Who do you contact? Here is a guide that will help you understand the auto insurance market better and get not only good quotes but an insurance policy that’s ideal for you.

  The auto insurance market is not unlike any other market, it compromises of companies, competition between them, various options, and of course a confused consumer. Insurance companies are making the process of getting auto insurance quotes and signing up for a policy easier in the hope to get more sign-ups and out beat their rivals. However the system doesn’t work as well as it could, most people still don’t go for multiple quotes and just settle for any company they have heard of, or one that has been recommended by a friend, a colleague or a family member.

  The first thing to be done … Click here to read more

• The secrets to Low Cost Car Insurance

  by Hayden Krueger

  With the current economic condition, and the prices of gasoline inching ever higher and higher, you need to save on everything. Your auto insurance is no exception either. Getting a cheap insurance policy now, has never been so important! In fact, you need to find ways to save money on anything that is related to your vehicle. That isn’t so hard, thankfully. If you’re interested in saving on your auto insurance, read on. You’ll be walked through some simple ways of saving on your auto insurance.

  The first rule to saving is to compare. Compare prices, quotes, everything that you may potentially buy. There are plenty of auto insurance companies out there in the market, each offering different rates for the same. And the rates that two companies can quote can differ a lot. So be sure to get at least around 5 to seven quotes from different auto insurance … Click here to read more

• The benefits of group auto insurance

  by Hayden Krueger

  Man is a social animal, and since time immemorial has been one. A pack of ten people surely outweighs one standalone person. Can this be extended to auto insurance too?
  Let’s find out.

  Thousands of people have group insurance plans, despite this, it is rapidly gaining popularity, and for good reason. When you approach an auto insurance company as a group, the auto insurance company sees two things; one is a lot of policies, and a longer customer retention opportunity.

  When you sign up for a group policy, the company gets say, 5, or 10, applications at a time, and these policies are most likely to be continued in years to come, surely most people from the group will enjoy their services enough to convince the people who would like to change, if there are any. Insurance companies will gladly share a part of the fortune you are about to … Click here to read more

• The significance of analyzing insurance quotes

  by Hayden Krueger

  Even as you read this article, people are wizening up to the need for them to collect multiple insurance quotes, compare, and then make an informed decision. Applying for multiple quotes is one thing, settling for the cheapest one is another, and choosing the one that will deliver the best bang for the buck in the long run is another.

  You will soon learn the secret to picking the one that’s best for you, and your applications. Insurance quotes are feely available and you should definitely consider at least five to six quotes. Now what’s left is to analyze the quote you have received. First things first, make a list of pros, and cons of each quote, go through the fine print, its got a lot of important information you need to know about. No one likes going through the fine print of so many policy documents, however it is … Click here to read more

• Benefits of full coverage car insurance

  by Hayden Krueger

  As of today it is mandatory to have some form of auto insurance in the United States.  Driving without insurance, or with insufficient insurance, leads to heavy penalties, suspension or cancellation of your license and registration, or even jail time. The rules are imposed upon us by the government not for their benefit, but for the benefit of us, the citizens of the nation. 

  The government of each state prescribes a minimum amount a vehicle can be legally insured for, this is called the state minimum, and should only be used as a yardstick for legally adequate insurance, such insurance is no where near adequate in real life situations, and will have you spending huge wads of cash out of your pocket. 

  There are way too many subcategories to chose from, much to the plight of the average insurance seeker. Going through fine print isn’t everyone’s cup of tea, so … Click here to read more

• The auto insurance company that is the best for you

  by Hayden Krueger

  When looking for auto insurance quotes, to get the best, you must approach the best- the best auto insurance company that is. There are plenty of auto insurance companies in the market, and you can learn more about them and the prices they offer, on the internet. Most of them have websites, so it isn’t really necessary to go to their offices. If you start off with a detailed search, you will get the best offers by the best auto insurance companies.

  Renewing your auto insurance or buying a new one is a good idea; but before you do so, choose a reputed company so that you will be assured of good service, coupled with a cheap, affordable price. You may think that such companies do not exist, and even if they do, are extremely hard to locate, but in this global village, everything and anything can be found out … Click here to read more

• Should you get Gap auto insurance?

  by Hayden Krueger

  Most people buying a new car don’t understand and presume Gap insurance to be a costly and complicated affair. If you spend a little time to understand how it works, it is quite simple really.

  Before we plunge right into it, let’s understand what Gap insurance is. With the exception of property, most assets are prone to depreciation. The car once used, depreciates in value, by about 25% once it leaves the showroom. Insurance companies calculate the payout in the event of an accident based on this depreciated value of the car. Cars are either termed as slightly used, and used. The distressing part about this is a car that’s been driven for even five miles is considered slightly used and its value in the market depreciates.

  For example, let’s say you bought a new sedan or station wagon, and just rolled it out of the showroom, on the way … Click here to read more

• Know more about availing student car insurance

  by Hayden Krueger

  The life of a student in today’s times is very different. Students, today, drive to school and that too with their own cars. With the demand for quality education skyrocketing, many students find themselves in a situation where t hey have  to travel far and wide to study in esteemed universities, and so the need to own and drive an automobile is intensified. All students will agree that attaining that degree is no easy task, and is definitely not easy on the wallet either. There are projects to do, assignments to complete, excursions to go to, fees that need to be paid, in addition to the need for daily allowance. Thus the need for cheap student car insurance is strongly felt amongst youth.

  As a young driver, do not make the mistake of not paying the bills you can’t, paying just those you can, and then waiting for lower premium … Click here to read more

• Information that can come in handy while insuring a used car

  by Hayden Krueger

  Its illegal to drive without insurance in the United States, driving with insufficient insurance is also illegal, and the penalties are quite high. You could have your license and registration suspended, fined a worthy amount, and you will still be liable to get arrested. Used car is almost identical to auto insurance for a new car; however there are some noteworthy differences, on how the premium is calculated, and how you decide what coverage you would be requiring.

  Steps in shopping for auto insurance for a used car are almost the same as for a new car; you get multiple quotes, (5 to 6) and then compare the prices, and the cover provided to you. After all the intention for both types of insurance is the same, to protect the owner from losses in the event of accidental damage. The trick is to select a quote which offers you a … Click here to read more

• Increase your awareness on High risk auto insurance

  by Hayden Krueger

  A driver is considered high risk if he or she has a bad driving record. And it is very difficult for high risk drivers to get auto insurance itself, let alone cheap auto insurance. Even if you end up getting a policy, you might not be able to get good rates on your policy.

  Driving record or driving history

  A driving record is something that is maintained by the department of motor vehicles or DMV of every state. It is a record of every traffic infraction that you have ever committed, right from a speeding ticket to a parking ticket to major infractions like driving under the influence. This record is accessible by any insurance company to which you apply for a policy. Hence it is very crucial that you maintain an untarnished driving record. You cannot afford to have more than a few minor violations. The more violations you … Click here to read more

• Getting competitive deals for auto insurance rates for women

  by Hayden Krueger

  As a working woman, life is tough enough for you, and you certainly don’t need the additional stress dealt out by auto insurance salesmen. Most women already find it hard to get a good auto insurance deal, women by large aren’t as comfortable with cars as men are, and this puts them at a weaker stand when dealing with a sales representative. Over the years women have proven that they are just as good behind the wheel of a car as anyone else, and you need to remember that. Most women get muscled into paying higher premiums by sales representatives trying to earn a higher commission from the insurance company. It’s not uncommon for women drivers to get stuck with cover they don’t need.

  A secret most women don’t know is that insurance companies at large prefer women as customers. They tend to be safer and more sedate drivers. According … Click here to read more

• High risk auto insurance at a lower cost

  by Hayden Krueger

  High risk auto insurance is auto insurance given to people who don’t qualify for any other kind of insurance for various reasons. Insurance companies decline insurance to anyone they see as a high risk, or a potential risk in the future. However they have a high risk policy which such people can sign up for, at a premium price of course.

  The policy document in such policies is drawn up with added clauses and provisions. For example, if the car is considered at a high risk of getting damaged, the owner needs to make efforts to decrease the risk factor. These provisions should be carefully studied. Such policies draw a higher premium as the insurance company sees the individual or their vehicle as a risk to their profitability. For a high risk vehicle or owner, there is a higher chance of the company having to spend on repairs and medical … Click here to read more

• Getting auto insurance quotes without divulging personal details

  by Hayden Krueger

  Today, the internet is filled with all sorts of fraudsters who are always on the look out to snatch money from unsuspecting browsers. And with people looking to the internet for all their auto insurance needs, it is becoming more important by the day to know how to not get swindled while looking for a good auto insurance quote.

  The first step to take when wanting to get cheap auto insurance is to look for it online. There are a number of websites that offer free auto insurance quotes. The official insurance company websites offer free quotes, but you can get only one quote per website. And you will not be able to conduct a comparative analysis. You need to visit many different websites in order to get a decent number of quotes. And even while browsing official looking websites, you need to take care that you are on a … Click here to read more

• Five things to remember about instant car insurance

  by Hayden Krueger

  Everyone loves everything instant these days. It’s due to the fact that everyone has a lot on their hands, they have more things to handle at the same time, and they’d like instant services, as well as goods, to fulfil their needs, so that their time isn’t wasted. People feel the same way about car insurance. No one wants to go through a long and arduous procedure before getting their auto insurance, which is why nowadays; the concept of instant auto insurance has taken off.

  With the burgeoning popularity of the internet, more and more companies are going online; hence it has also become a much more competitive platform for companies, including auto insurance companies, which compete to give you car insurance quotes for free in no time at all, via the internet. However, before you sign up for a policy online, you have a few pointers to remember.

  Most … Click here to read more