Auto Insurance Guide Archive for July, 2010

• Need To Find Affordable Auto Insurance In Alaska? Ways You Can Try Right Away

  by Hayden Krueger

  If you live in Alaska and been wanting to find ways to get an affordable auto insurance, and then use this guide when searching.

  Auto insurance is one of the things that a driver must possess and keeping it up in Alaska seems a bit hard because of the already high minimum amount set for basic requirement. I understand that you want to get the best coverage there is with the least price you can pay. Having said that, I have listed few steps below which you could use right away as a guide towards finding your ideal insurance coverage among the many reputable auto insurance providers in Alaska.

  Knowing the basic requirements and optional.

  Like another other states in the U.S., Alaska also requires every driver to acquire a liability insurance coverage. There is a $50,000 per person, $100,000 for the injuries of all persons in the accident, and … Click here to read more

• Using The Internet To Get Cheap Auto Insurance In Connecticut

  by Hayden Krueger

  Drivers in the State of Connecticut are required by law to have an auto insurance. You could face hefty fines if you drive around the state without a valid auto insurance or you let someone, who does not have insurance, to drive your vehicle.

  The State of Connecticut will refuse to register your vehicle if you do not have a proof of insurance. Auto insurance is not that hard to buy in this area but the question remains if can you afford it or not.

  Furthermore, you could also face substantial fines and worst put you behind bars if your insurance coverage in inadequate for the damages sustained. You could lose your driver’s license in the process and you will have to pay all the damages out from your own pocket, which could further endanger your resources.

  Many insurance providers have sprung in Connecticut for the past few years. The … Click here to read more

• Using Your Car To Save Money

  by Hayden Krueger

  If you are one of those people who “baby” their cars, then you need to protect it as much as you can. I am sure by now you are already aware how much it is costing you to keep it that way. Insurance companies are known to change insurance rates often and the next time you insure your car could shock you.

  There are many factors that could affect how insurance providers calculate your insurance premiums. However, common elements such as driving habits, the type and model of your car and its performance are widely being considered.

  With that in mind, here are few tips that you can start right away to eliminate the need for paying overly excessive premiums for your vehicle.

  Identify the type of coverage that you will likely need. Doing this will take time and you should able to separate your needs from wants afterwards. If … Click here to read more

• Can You Really Save Money When Buying Auto Insurance Online?

  by Hayden Krueger

  Online shopping is no longer limited to the usual merchandise that we purchase on eBay or Amazon.  Today, you can easily purchase auto insurance coverage with just a click of a button. Recent reports from PRNewswire indicate that by the end of 2009, a staggering 20% of online purchases for auto insurance policies took place as compared to the previous year.

  The internet started humbly with few private networks connecting to each other. Its main function is to focus on the academics and military applications. But since the introduction of the public information superhighway in the 90’s, the internet has become an indispensable tool for many business owners, corporations, private individuals, etc. for different purposes.

  ComScore Inc., a company that keeps track of market trending and demographic on the internet, released a report that showed around 38 million auto insurance quotes were served online in the U.S. in 2009, and … Click here to read more

• Familiarizing Insurance Terminologies

  by Hayden Krueger

  Lawyers have their own set of jargon words and for most people these terms are just a way too complicated and redundant to understand. The reason can be traced several hundred years ago where people are using several languages across the country. Lawyers were forced to use two languages to avoid being misunderstood. For instance, many of the today’s jargon words are seemingly redundant in context such as break and enter, land and tenement or fit and proper. Because of the need to define in extreme precision, the practice continued until this date, which is evidently shown in today’s modern contracts.

  The term insurance itself is not a difficult subject, per se. However, since it is considered as a legal contract between two parties – the insurance provider and you – the need to be precise in terms and agreements are needed, hence that style of writing is being enforced.… Click here to read more

• Louisiana Increases Its Minimum Liability Coverage

  by Hayden Krueger

  The State of Louisiana has recently increased its auto insurance premium rates in response to the increase of the minimum liability coverage.

  The minimum liability of Louisiana until last year was 10/20/10. Which means as a driver, you are required to be covered at least $10,000 per person, $20,000 coverage for all persons in the accident and the remaining $10,000 for property damages.

  However, these rates cranked up early this year and drivers are now required to carry at least $15,000 for the liability coverage causing injury or death to one person, $30,000 total accident and $ 25,000 for property damages sustained during the accident.

  This means that for drivers who have the minimum liability coverage could expect an increase of $71 this year, which should be around $6 a month. Although this is not a huge increase, but for many drivers who are still suffering from the economic depression, … Click here to read more

• Is There Really A Cheap Insurance Coverage For Young People?

  by Hayden Krueger

  There is no excuse, teen drivers (particularly the males) aged 25 and under are likely to experience auto accidents than any other age group, which is why most young drivers are going to be slapped with expensive insurance premium rates.

  There is a healthy competition between auto insurance companies these days, which makes it even easier to find better deals than it used to be. For instance, the use of comparison websites wherein you get multiple quotes from different auto insurance companies is just a snap.

  Find cheap auto insurance coverage by shopping around

  Perhaps the best place to start looking for a cheap insurance is your existing insurer. If you are with the huge insurers such as Pemco or Geico, which carries multiple lines of insurance products, they are mostly likely to offer discounts for people who insure more than one vehicle into them. Most of them have these … Click here to read more

• Should You Opt Out From Uninsured Motorist Coverage

  by Hayden Krueger

  Uninsured motorist coverage is only required in the 20 states of the U.S. while the remaining 28 states, consumers can refuse of having this coverage on their policies.

  If you have been reading articles from this site, you already know that there are two states in the U.S. that do not require drivers to carry auto insurance – that is Virginia and New Hampshire. Although in Virginia, vehicle owners are required to pay $500 fee each year starting from the day they registered their vehicles and soon thereafter.

  Did you know that there are about 14% uninsured drivers nationwide? This would mean that there is a 1 to 7 chances that when someone hits your car, the driver does not have any insurance coverage at all. And if he did have one, it will not be enough to pay all the incurred damages.

  These days, everyone wants to save money … Click here to read more

• Traffic Laws and Auto Insurance – Drive Safe and Pay Less

  by Hayden Krueger

  Auto insurance can be really helpful and easy to handle too, if your premium amount is not too high to pay every month. One of the most basic and important reasons of your premium rates to go high is related to your driving records. Your insurance company will keep a check on your driving record regularly, to see if there are any traffic violations. The minute they find one, they will get ready to collect more monthly premium from you, as they consider you to be a risky driver. Traffic rules and the way they affect your premium rates differ by state. Generally, offenses that classify you as a more risky driver can affect your premium rates really bad, and some minor traffic offenses and one-time only offenses, though they affect your premium rates, do not evidently change it.

  Speeding and reckless driving

  Speeding is an offence that can get … Click here to read more

• Filing a Hassle-free Insurance Claim

  by Hayden Krueger

  Auto insurance safeguards you and your family and your vehicles from accidents. While insurance is very necessary, claiming the insurance especially for significant amount of money can be quite challenging experience. You will have to go through a lot of paperwork and formalities in order to get your money. If you have opted for a higher deductible, then you will have to pay a large amount from your pocket that cannot be included in the claim.

  Under any circumstance, call your insurance company to let them know about your incidence as soon as it happens. Every insurance company has a different rule to file a claim depending on the state you reside in. You can talk to your insurance agent about the process and procedures you will have to follow when you file a claim.

  First and foremost requirement is for you to fill up a proof of claim form. … Click here to read more

• Claiming Auto Insurance Disputes

  by Hayden Krueger

  Sometimes, claiming money from your insurance agency can be an easy breezy process. But sometimes when you need money the most, you will not receive any kind of co operation from your agency and you won’t get your claims answered. Under such circumstances haggling around with the insurance company can be a harrowing and frustrating experience. There are certain ways to handle your unanswered claims and to negotiate with your insurance company without making the process too big.

  If there is a mutual disagreement about the settlements that the policy holder receives then there is a provision to settle things out between the company and the policy holder through a process called appraisal. In this process, both the insurance company and the policy holder will each have an appraiser who will review the settlement claimed and determine if it is a fair one.

  When there is a disagreement, both appraisers … Click here to read more

• Understanding Different Facets of Auto Insurance

  by Hayden Krueger

  Auto insurance is nothing but the insurance you purchase for your vehicle. It is nothing but an agreement between you and the insurance company from which you purchase the policy. You will have to pay monthly or annual premium for the policy you purchased and the insurance company agrees to cover the costs of damages caused during accident. Though it appears to be a simple concept, it has many facets to it that needs better understanding.

  In most of the states in USA, it is mandatory for you to carry at least liability insurance. Liability insurance enables you to cover the expenses of the other person’s damages if you are involved in an accident. In some states like New Hampshire, however, it is not very mandatory for you to carry insurance, but you must be able to demonstrate your financial stability to cover all liabilities to other person involved in … Click here to read more

• Pay less on your Monthly Premium

  by Hayden Krueger

  Premium for car insurance is one of the major expenditure that you incur every month without fail. Sometimes when the financial situation is precarious it becomes difficult to pay the heavy premium for your auto insurance. There are some factors that affects your monthly premium amounts and these are completely under your control. By making necessary changes, you can control the amount of premium you pay every month.. 

  Type of vehicle:

  Your insurance premium is fixed based on the model of the car you own. Do your research regarding the history of the model of the car and buy the one that has least number of recorded accidents or thefts. You will pay much lesser premium amount for the ones with least number of accident or theft histories. Go for an economic and functional car rather than sporty one. Insurance companies charge more premiums on costly sports cars and fancy … Click here to read more

• Auto Insurance Discounts – Save that Extra Buck

  by Hayden Krueger

  An important part of buying auto insurance for your car is paying the monthly premiums on time. Though important, auto insurance can be frustrating in this one aspect. Premium amount depends on some factors that you can control and some factors that are completely out of your control. Whatever factors affect the premiums there are some ways to avail discounts from your insurance company. You must consider all your chances and weigh all companies in question, before making your choice and signing the deal.

  More insurance, more discounts

  If you own more than one car, then getting all the cars you own, insured by the same company can earn you some discounts. Most companies have this discount to get more clients and business to their company. Also, if you have to take a homeowner’s insurance or a life insurance, getting those too at the same company can earn you more … Click here to read more

• Auto Insurance – Different Types of Coverage

  by Hayden Krueger

  Purchasing a new car is a very exciting process. Along with all those additional paperwork and procedures, one important thing that is mandatory with the purchase of new car is auto insurance. Auto insurance is an agreement between you and your insurance company that covers you and your vehicle at the time of accidents. There are several policies and insurance companies. There are many types of coverage that these insurance companies offer. Determine what coverage works best for you and what coverage is mandatory in the state you live, before making your choice.

  Liability Insurance

  This kind of insurance is the most common of all and is mandatory in almost all states. In liability insurance coverage, the insurance company pays for all your liabilities to the other party involved in accident with you. If there are damages to the vehicle of the other party, then you are liable for the … Click here to read more

• Auto Insurance – Understand what you are paying for

  by Hayden Krueger

  Auto insurance is one of the basic necessities for every driver. It is to safeguard you monetarily in any unforeseen circumstances. All states in USA require you have at least a basic car insurance that adheres to certain standards set by states. Every state has different requirements for insurance. Some states do not have specific insurance requirement, but it requires documents demonstrating your financial capabilities to handle accidents. It is strongly recommended that you have auto insurance once you own a car, but sometimes, the premium you have to pay can be overwhelming. Premiums for auto insurance vary greatly based on a number of factors: 

  Vehicle mileage:

  Premiums are directly proportional to the use of your vehicle. The more you drive and increase the mileage, the more premium you will have to pay. The logic behind the rule is the car is more prone to risks with increased usage. The … Click here to read more

• Factors that Bear Effect on Premiums

  by Hayden Krueger

  Car insurance premium has a usual spot on the list of things we worry about. We tend to doubt why we are paying such high prices while we learn about people paying a lot less than we do. It will be good if we have knowledge on how our insurance providers compute for the premium rates we pay for. Discussed below are some factors that have a bearing on our premiums.

  The first factor insurers consider is age. In this case, the first time drivers, oftentimes teenagers, are charged at a higher rate because the companies see teenagers as riskier on the road and are more involved in vehicular accidents according to statistics. With these concrete data present, insurance providers think that teenagers would need more money from insurers more in accidents. This causes them to raise the premium they charge so the company will not be bankrupt.

  The next … Click here to read more

• The Relation of Good Credit with Car Insurance

  by Hayden Krueger

  The cost of car insurance nowadays is not something we could take for granted. Nobody wants to spend too much money because of the economic crisis going on and all. The companies have different reasons why they heighten and lower the premiums that their customers pay, and everyone must be vigilant in understanding why and how rates go up and down to avoid high amounts of premiums. With all the recession going on, surely everybody wants to save some cash.

  The credit score is a very good example. Insurance providers hardly tell their policyholders that this is a basis for computing the premium you pay. Of course doing your own homework pays off. To get things straight, a good credit score is equal to a lower premium you have to pay.

  What is the reason behind this matter? How come credit score bears something on our car insurance premium? This … Click here to read more

• Learn the Ropes of Truck Insurance

  by Hayden Krueger

  If even bicycles and motorcycles are required to be insured, how much more when it comes to trucks? Trucks are commonly used for delivering products in both short and long distances in small and big fleets.

  Truck owners and operators alike must be knowledgeable when it comes to acquiring truck insurance. However, it is still unwise to stick in your company. Check first if you are getting the best service you are craving for.

  Primarily, one must inspect whether the insurance provider is a specialist on truck insurance. It is always a better option to choose the specialist because the specialists know the needs of truck owner-operators. Also, the specialists are aware of the specifics of trucks in different states such as the allowed load limit. This gives you an edge because they do not delay investigations since they have learned the ropes.

  But, the question remains. How can truck … Click here to read more

• How you can get the Best Insurance Policy

  by Hayden Krueger

  In order to hit the roads and speed in the highways of the United States, drivers have no choice but to purchase car insurance. This is completely essential for you to drive legally unless you want to be apprehended by traffic enforcers and have your driving record stained. Since drivers have no choice, people want assurance that they are getting the best insurance policy that they could afford. The main purpose of car insurance is so that you have the protection you need whenever you hit the road. And with the proper policy you need, you can count on total protection. 

  Posted below are some of the different tips that car owners and drivers alike can use in order to get the best car insurance policy. These tips help you cut down on the premium without compromising the quality of protection. 

  • Compare the rates
    Keep in mind that there are

  … Click here to read more