Auto Insurance Guide Archive for June, 2010

  • Lending your Car Can Be Bad for You

    by Hayden Krueger

    Owning a car entails a lot of responsibilities. At other times you have to bring it to the mechanic for maintenance and tune ups. You also have to spend money for your gas so you can use it. You also need to clean it from time to time. It is one of the things you own that you cannot neglect.

    But a classic example of a big responsibility you have is that you have to get car insurance from a state registered company. If you drive uninsured you are breaking your state’s law. You also have to pay for your premiums regularly and you can not allow your car insurance lapse because they all matter in your next application.

    Never lend your car to someone who is not covered by your insurance. You are a generous person but in this specific situation you cannot risk your car and your car … Click here to read more

  • Statistics Matter in your Car Insurance Rate

    by Hayden Krueger

    There are many factors to consider in determining your car insurance rate such as your age, marital status, sex, and occupation. But one of the least understood is the power of statistics in determining your rate of your insurance.

    Statistics show pattern that help insurance companies decide on which group should be given a higher or lower rate depending on the risk level. A group with a high accident rate is considered as high risk therefore, they have to pay higher premium.

    Women are benefiting in lower insurance premium because of the numerical figures presented in statistics. They are better drivers than men because they have been involved in fewer accidents-mostly minor accidents. This is why insurance companies charged them lower because there is no risk involved. Why? Even though they got involved in accidents and file for claims, the insurance company will still gain much because the amount of … Click here to read more

  • The Physical Damage Coverage

    by Hayden Krueger

    Having your own car is a necessity nowadays, and having car insurance is mandated by law. Aside from these details, there are also many things that you have to look into. These things are directly related with your car.

    Car insurance as we know is our protection against any event that might cause financial trouble in our life. And aside from that, the maintenance of the car alone also requires a lot of our attention. An important insurance coverage that might be of your need is the physical damage coverage.

    Physical damage coverage is divided into two- the Collision Coverage and the Comprehensive Coverage. Depending on your needs and the car that you own, you can choose either of the available coverage. Try to analyze the difference.

    Collision coverage will take care of the restoration of the car in case it will be involved in an accident. From the repair … Click here to read more

  • Insurance Coverage Choices That is Available in most Insurance Companies

    by Hayden Krueger

    Time is gold. Choosing insurance coverage that we would want to avail requires a lot of our time and effort. To save time, we must know the basic facts about car insurance and what are the choices available for the public. 

    If you are looking for possible coverage to take, here is the list of most commonly offered coverage by most car insurance companies. 

    1. Liability coverage- This is mainly for third parties being injured in an accident including properties damaged.
    2. Physical Damage Coverage (Comprehensive and Collision) – this auto insurance coverage will take care of the repair or payment of your car in case of collision. This also includes repair or payment if it will be damaged because of other incidents such as typhoons or hurricane and even car theft.
    3. Uninsured and Underinsured Motorist Coverage (UM) – covers the driver and member of the household and your passengers for bodily
    4. Click here to read more

  • The Downfall of Underinsured Driving

    by Hayden Krueger

    All states of the United States of America require drivers to carry car insurance with them. This is for the drivers’ protection to any accident that may happen while they are driving. Furthermore, this is to protect them from liabilities that may come up especially if they cause damage to others and properties.

    Selecting the best auto insurance quote that would suit your needs is very challenging. With so many insurance companies in the market today, sometimes you feel that they are all offering the same coverage. And aside from that, once you are done with the selection process, the coverage limit that you are going to chose is not an easy task as well. There are many factors that you need to consider before you can finally decide on what is the coverage limit to choose that would help you in case accident happens.

    What are the issues that … Click here to read more

  • The Personal Injury Protection Coverage

    by Hayden Krueger

    Health is wealth. No matter how hard the situation we are into, if we are hale and hearty, any trials that would come our way seems to be bearable. As they usually say, no matter how hard a problem may seem if you are healthy, you can always find ways to decipher it.

    In the United States of America, people are always making measures with regards to physical condition issues are concern. Health insurance is very essential. But sometimes, due to circumstances that are not within our grasp, we tend to overlook at the fact that health insurance is very indispensable.

    In line with car insurances, to be involved in a car accident will drain the health insurance that we have, especially if the policy that we have does not cover personal medical expenses. Regardless whether the accident is our fault or other party’s fault, this would still involve money … Click here to read more

  • The Loan/Lease Payoff Coverage

    by Hayden Krueger

    To carry car insurance is mandated by law. Nobody can escape the fact that every driver should carry auto insurance with him while driving. But carrying insurance is not enough. We should also understand what is the coverage associated with our premium. Buying a policy that you are not familiar with what it can do is useless. You might be having it but unable to avail of the coverage because you don’t know what you paid for.

    There is much available coverage to choose from. Depending on your needs as a driver, you can select the best insurance policy. One policy that is very important is the loan or lease payoff coverage. The actual premium will vary according to the type of vehicle insured.

    This coverage is available if you have an unpaid car loan to a company not to individuals. If the value of the car is lower than … Click here to read more

  • Driving History as a Factor in Car Insurance

    by Hayden Krueger

    While driving in the streets, you might as well become aware of the different driving behaviors. It is a fact that most road accidents are caused by reckless driving. It does not only concern you but all of the cars in the streets who might be at risk if driving side by side with a careless driver. You might be driving your car in a very defensive manner but then because of the driver besides you, you got into an accident unexpectedly.

    In line with driving behaviors, how does your driving history affects the auto insurance premium that you are paying? This is a good question to ask especially if you are wondering why you are paying a large amount for your car insurance charges.

    Driving history is one of the first things that car insurance company will look into in determining your insurance premium. Drivers who collected a lot … Click here to read more

  • Using Your Age in Getting Favorable Insurance Discounts

    by Hayden Krueger

    The downfall of the financial system forces everybody to tighten their belts. Surplus products are in demand. Same goes to products that are carrying levels or colored tags with them- discounts. Of course who would not wish for merchandise or services that are cheaper? It catches the attention of the shoppers. Same goes with car insurances. Everybody is trying to squeeze something on their budget to make both ends meet.

    Age is a very essential feature that affects the insurance premium that you are paying. Since it is already been established that younger drivers spends more on their premiums, the option left accessible for them is to find cheaper insurance quotes. Their premium maybe higher but that is not a reason why they should not be given enormous discounts.

    Since insurance companies consider the drivers on the age group of 25-40 to be the safest drivers, this leaves students and … Click here to read more

  • Your Personality Determines Your Insurance Premium

    by Hayden Krueger

    Sometimes you are wondering why you are paying much for your car insurance premium. It even occurs to your mind that your insurer may be overcharging you. But have you ever thought that providing insurance is a risky business?

    The premium that you pay is actually corresponds to your risk in the point of view of the insurer. This means that the higher your danger for an accident, the higher your insurance premium would be,

    What are the risks that are taken into consideration? It would be simplified into two categories only. You as the driver and the car that you drive,

    As a driver, the insurance company will determine how risky you are based on many factors. Age is on the top of the list. Insurers consider young drivers to be more aggressive. The safest age bracket would be from twenty-five to forty years old drivers. Logically speaking, when … Click here to read more

  • The Disadvantages of Underinsured and Uninsured

    by Hayden Krueger

    Driving your car in the highway exposes you to a lot of possibilities. The odds of getting into an accident are great. As they say, it is better to be prepared for the worst than doing something to correct the wrong turn of events. Having car insurance will save you a lot of troubles. It might not only protect you alone but including your family in financial aspects.

    With the increase of drivers in the streets, there is a great possibility that even a good driver can get into accident injuring him, and in most circumstances, other people in the streets. Are you covered from this? Or better yet, is your car insurance coverage enough to take care of possible expenses that might arise in a road accident?

    You might be carrying car insurance and that makes you think you are covered. But when you are actually involved in a … Click here to read more

  • Liability Coverage Dissected

    by Hayden Krueger

    The insurance coverage that you may obtain is considered to be the most significant to you, considering a lot of different factors of course. With so many existing insurance quotes coming from different insurance companies, we sometimes overlook at the fact that understanding it is more important.

    One insurance premium is perhaps good to somebody but don’t expect that it is best for everyone. Your lifestyle and the way you use your car determines what king of car insurance will be most appropriate for you.

    One of the must have auto insurance is the liability coverage. It is very significant to know at least the fundamentals of this coverage to have an edge in case you will be in a car accident and you need to use your insurance for support.

    Liability coverage is subdivided into two key parts. The first fraction is the bodily injury coverage (BI) and the … Click here to read more

  • What is Full Coverage Insurance?

    by Hayden Krueger

    Car insurance is sometimes confusing, especially if you are not aware of what is the coverage that you are availing. It is wise to have auto insurance, but knowing the things that are covered by it would even be better.

    The auto insurance coverage which usually confuses the policy holder is the full coverage insurance. Well, from the phrase alone, full coverage, the common perception is that your car is totally covered no matter what happens. This notion is to some extent correct. But here is a deeper enlightenment of what is really a full coverage insurance is all about.

    Full coverage insurance is usually branded as comprehensive and collision coverage. Depending on the state that you are residing, this may vary considerably. But here is the simple explanation of full coverage insurance quote.

    Full coverage is only not obligatory, however. If you plan on financing a car or taking … Click here to read more

  • Customer Service Determines How Good Your Car Insurance Is

    by Hayden Krueger

    In availing services offered by a certain company, there are many things to take into consideration. It is not only the merchandise or services that is necessary, but also the services accompanied by the product.

    In car insurance, what are the services coupled with it? Aside from the coverage that each policy can provide, one important detail not to disregard is the customer service provided by the insurance company. As policy holder, you are expecting the best services that are reasonable enough of your money’s worth. What is the significance of good customer service in auto insurance?

    Car insurance means shield for you and your property in case of accident. Regardless of whether it is your fault or not, you are still expected to give your insurer a call in cases like car accident. In this regard, you will not be talking to the insurer directly. Since most insurance companies … Click here to read more

  • Things to Ponder in Having the Right Insurance Company

    by Hayden Krueger

    The accessibility of car insurance companies nowadays is undeniable. The plain task of choosing the insurance company that would take care of your insurance is not as easy as you sense. Every company will try to convince you to get their policy instead of the others’. They will present their quote as the best you can get in town. And sometimes, just by merely listening to an insurance agent who is trying to persuade you to avail their services will makes you think that it is the one you are looking for.

    With the ongoing financial crisis that hit the globe recently, everybody tries to squeeze something in their budget. This is also true in choosing the insurance that we would want to avail. Everybody will be looking for a cheap insurance instead of high priced one to save even the smallest amount of money. So, how can we find … Click here to read more

  • The Financial Benefit of having Car Insurance

    by Hayden Krueger

    There are many factors that cause accidents in the streets. The fact is that even good drivers can get involved in a vehicular accident. Lapses in human judgment can cause even a good driver to be in an accident. The odds of getting into it cannot be avoided. The sad truth is that it can happen on times you are less expecting it.

    No matter how careful you are in the road, the possibility of getting into an accident is always possible. That is the risk that is associated with driving and you must always be prepared for the worst thing that might happen.

    A car accident can cause a lot of trouble. With the recession that is currently experienced worldwide today, having car insurance is a big help in case road accidents happen to you. It would be a big help in taking care of the financial responsibilities that … Click here to read more

  • The Basis in Computing Premiums

    by Hayden Krueger

    Looking at your monthly bill, you are sometimes wondering why you are paying a large amount of money on your car insurance alone. Two people living in the same location have different amount in their premiums. This is because there many guidelines followed by car insurance companies in determining premiums for specific persons. The calculation may be provided by the state law and/or insurance companies whichever may apply. The fact is, jurisdiction of laws greatly affect premiums.

    Here are the bases in calculating premium charges. It may still vary according to jurisdiction but more often than not, car insurance companies have logarithmic computations on the premiums to be paid base on these criteria.

    Gender- according to studies decades ago, the number of accidents involving male drivers is higher than those of female drivers. So there is a greater chance that a lady driver will pay a lower premium based on … Click here to read more

  • Online Shopping for the Best Auto Insurance

    by Hayden Krueger

    Nowadays, the increase of motorists in the streets is very noticeable. In this case, more cars mean more car insurance companies, to meet the demands of all the drivers. Choosing the best one requires a lot of time and effort. It is also frustrating since there are different offers and this sometimes can give confusion to the person scouting for a good insurance quote. But then, there is also a greater probability of getting a good one.

    It is also a fact to note that technology is fast becoming more advanced as compared to decades ago. The internet is undeniably the most influential form of mass media nowadays. Almost everybody can access the internet. Even a seven year old boy can go online, especially given the fact that there are many services offered for the youngsters online.

    In lieu to this fast-track advancement of the worldwide web or the internet, … Click here to read more

  • Cheap Car Insurance: a Great Help in Case That you Need It

    by Hayden Krueger

    The roads nowadays are occupied by more vehicles as compared to decades ago. It also goes with the numbers of drivers that have actually more than tripled. Car insurance companies also increased in numbers as car and car owners’ number grew.

    What is the importance of having auto insurance?

    In the United States of America, it is mandated that a driver should carry at least the minimum coverage specified by the state’s law. But with the economy going down and recession hits the market, every person is trying their best to at least save or even free them from responsibilities.

    Consider car insurance for example. If it is not mandated by law, most people would opt out to having one for sure. If you come to think about it, it is not only mandated by law but also it is your protection, in any case that you will be involved … Click here to read more

  • The Importance of having Liability Auto Insurance

    by Hayden Krueger

    The different states in the United States of America provides different amount of car insurance coverage. The question on how much amount of insurance do you needs also depends on the state’s law that you have. There are states that require only a minimum amount but there are also those that give higher amount. So, it is wise to know the minimum car insurance coverage that is mandated by your state’s law. From there, you can start comparing insurance quotes from insurance companies to determine what additional coverage that you would want to avail aside from those mandated by law.

    Once you understand your legal responsibilities according to your state law, you are now ready to analyze the different quotes presented to you. There is much coverage to choose from. Here is an example of one coverage that you might need what is the importance of having one.

    Liability auto … Click here to read more