Auto Insurance Guide Archive for 2010

  • Factors Considered by Auto Insurance Companies Before Deciding the Rates

    by Hayden Krueger

    There are various types of coverage provided by auto insurance companies. Coverage is provided for accidental damage repairs. Coverage is also provided for medical expenses in case of accidents. Auto insurance companies also provide coverage for theft. However, the insurance premium is not the same for everyone. The rates vary from person to person based on various factors.

    Age of the Car owner

    Interestingly, the insurance premium depends on the car owner. Housewives and seniors are less likely to drive the car a lot. Hence the chances of accidents and thefts being much less, the insurance premium too would be less. The premium is found to be the highest for middle aged working men who seem to use the car the most and hence are the riskiest age group for insurance providers.

    Credentials of the insurance policy holder

    The credentials of the insurance policy holder also influence the insurance rates. … Click here to read more

  • Basic Checkpoints While Taking an Auto Insurance Coverage

    by Hayden Krueger

    Most of us often do not pay much thought to the auto insurance coverage we are going for. The law mandates everyone to at least have a liability insurance coverage which will pay for the damages and losses caused to the other party due to the policy holder’s fault. However, there are a lot of other areas, where auto insurance coverage is important and one needs to give it a serious thought before deciding which policy to go for.

    Determine Your Need

    The auto insurance coverage you take should always be in sync with your need. If you use your car extensively for commuting not only to office, client meetings and various places inside the city but also out of station destinations, then you need collision damage insurance, accident and medical expenses insurance, liability insurance, roadside assistance and all the other forms of coverage that cover high risk in case … Click here to read more

  • The types of auto insurance coverage that can protect you well

    by Hayden Krueger

    Auto insurance varies from state to state. In some states in the U.S. there is no mandate requiring the motorists to possess auto insurance of any kind. In states like Mississippi, Iowa and Alabama there are no laws that necessitate people to take up auto insurance but they have to post a cash deposit or bond in case of any damages occurring during an accident. There are financial responsibility laws in place for these states. However if you are residing in a state where it is compulsory to have auto insurance you will need to have some proof of it at all times in your car. You should be able to present it to an officer of law upon request and if you default or have an expired insurance then you may have to compensate financially or otherwise. Let’s look at some basic types of insurance you may need to … Click here to read more

  • Some precautions you should keep in mind while buying auto insurance

    by Hayden Krueger

    Who does not have a car these days? Every one old and young has their own vehicle. It’s just not possible to manage without it. Having a car, old or new can be thrilling and most people know of the rules about auto insurance so they walk in and walk out with a new policy and then leave it in a corner someplace. Trouble arises when they actually need to use it. There will be a million clauses and you find that you probably are not covered at the end of it despite shelling out a fair sum every month. What can you do to avoid this?

    When it comes to getting an insurance quote for your car, you just want the easiest way out. You may have opted for an online insurance policy and not given it a second look after that. You need to make sure you know … Click here to read more

  • Facts about auto insurance that you need to be aware of

    by Hayden Krueger

    Every single individual needs a car or ends up buying one. It is just plain difficult to get around town without a car for comfort and for safety reasons as well. Especially when you have a family, a car is a must have. Along with having a car, it is just as important to ensure that you have your insurance taken care of. Car insurance is something many people neglect on account of various justifications they may have but the big fact is that it is a necessity whether the state decrees it or not. In case you ever are in the unfortunate position of being in an accident you will end up with so many bills you’ll wish you had yourself covered for these liabilities.

    When you are on a trip to someplace or on a business trip for a long duration on site in a different state you … Click here to read more

  • Traffic Rules in Texas you should be aware of

    by Hayden Krueger

    Every state in America has its own version of the basic traffic laws framed by the government. The degree to which states vary from each other and the original is dependant on a number of factors. However, the basic traffic rules are applied across the states. The rule to drive on the right side of the road, the right or way rule, the speed limit etc, are all traffic laws that are to be followed across the states. However, every state has its own version of the rules. The most commonly digressing law is the one on speed limit. Different states impose different speed limits on those driving through or within the state. 

    In Texas, the state’s traffic rules are an indication of what the most common sins are. The state does not tolerate driving under the Influence of Alcohol or any other mood enhancer. Driving drunk is a traffic … Click here to read more

  • Personal Details that influence Insurance Rates

    by Hayden Krueger

    What might seem like the most nondescript details are important details for an insurance Company. The reason why Insurance Companies ask that many questions is to accurately access the applicant accident potential. It is easy to understand why an insurance Company would be interested in calculating an accident potential. There are some people whose driving habits and trends render them more prone to road accidents than others. Given below is a list of a few, very general personal details that insurance companies use to gauge this accident potential 


    Age is one of the most important considerations for an insurance policy. At the offset, it should be understood that this assessment based on personal details works on the principle of stereotyping. These companies will assume, mostly, that a young driver, or college student is more likely to crash his or her vehicle that a middle aged woman. Now this stereotyping … Click here to read more

  • Know the reasons for the variations in your auto insurance premiums

    by Hayden Krueger

    While even the most personal details are of interest to the Insurance Company, a few other peripheral details are important as well. The sum total of these details provides the Insurance Company with a picture or profile of the applicant based on which a policy is issued. The details therefore directly influence the policy offered as suitable to the applicant. Since these policies are mostly specific, it may help to take a closer look at the things a detail tells the insurance company.

    A seemingly bald detail may speak volumes about the person. The most obvious question of interest to an insurance Company is the applicant’s past driving record. These may throw up parking tickets, speeding tickets and the works. Each of these helps in piecing together a profile of the applicant. And it rightly should. Even if there are very good and genuine reasons behind each of those tickets … Click here to read more

  • Driving rules in the United States everyone should be aware of

    by Hayden Krueger

    Driving laws can change from one country to the next. The road rules are based on several factors – The geographical terrain, the most common type of vehicle preferred in the region, the weather etc. These factors play a huge role in affecting the risk of accidents and other road related disasters. While most people assume that traffic is the number one reason for road accidents, it cannot be farther from the truth. While safe driving can prevent traffic related accidents, there is little that can prevent nature triggered accidents. The most basic safety measure to follow would be to drive slowly. Slow driving can prevent accidents caused by heavy rains, snow or hailstorms. This is however, just the tip of the iceberg and a quick look into how and why different countries and sometimes different states in the same country can have different driving laws. 

    Driving in some states … Click here to read more

  • Considerations to factor in when selecting the auto insurance for your needs

    by Hayden Krueger

    Car and vehicle insurance in general is much sought after. Every Vehicle owner must and eventually will get his or her vehicle insured. The reason why vehicle insurance has become so important is that it protects one from the high costs of repairing a vehicle should it come to be damaged. Repairing a vehicle can be a costly business. Most automobile parts are very expensive, with the price tag escalating with the model and showroom price of the vehicle. The costlier the car, the more expensive it will be to refit it with parts and components. 

    Small repairs are manageable, but the chances are that accidents would leave the car or bike in a nearly unrecognizable state. Therefore, vehicle insurances come in handy. These days, insurance companies have come up with all sorts of insurance policies to cater to the specifications of customers. These companies also factor in a lot … Click here to read more

  • Buying Auto Insurance now made easy

    by Hayden Krueger

    All vehicles these days are insured. The package, the insurance company, the coverage provided may vary, but the bottom line is that the every vehicle on the road must be insured. The need for insurance is also the need to stay prepared. The road is one of the most unpredictable places there can be. The number of vehicles, the gridlock of traffic, and the high stress levels that drivers combat with are just a few reasons why accidents are becoming increasingly common. While the states are doing everything that can towards containing road accidents, the truth remains, that the accidents do occur. The reasons behind these accidents change from time to time. 

    In the years gone by, most common cause of accidents was reckless night driving, under the influence of alcohol. The traffic rules imposed by the different states has helped curb the incidence or drunken driving, though it has … Click here to read more

  • Facts about auto insurance most users are unaware of

    by Hayden Krueger

    You have bought yourself a new car, done your homework and got your car covered and insured in the best way possible. That is a good way to start, but some things about the insurance business stay hidden to most consumers. Some facts you do not realize till you actually are in a position where you need to know of it. For example when it comes to cancelling an insurance policy due to any number of reasons- transfers to a new state, selling your car or you just do not like the service, there are precautions to be followed. Firstly make sure you intimate the company clearly and get acknowledgement that they know you are terminating your policy. If you just stop paying, they will bill you in advance for next month and if you do not pay them, your credit sores get affected.

    Standard method in cancelling the policy … Click here to read more

  • Understanding the nuances of Auto Insurance

    by Hayden Krueger

    Getting insurance for your vehicle is a way of insuring the life of your vehicle. Car manufacturers are constantly churning out the fanciest models, cars and bikes that defy gravity and every other law of physics. These designer vehicles cost a pretty penny and it is usually with a sense of fear that owners take these dolled up beauties out for a spin. In the warm comfort of the showroom, the car looked like it could single handedly take down a small army, but out on the streets besides the big trucks, the car looks shockingly small and vulnerable. The options are few: The shiny car either stays in the garage or you go out and find your self an insurance policy that covers vehicle damage.

    Thankfully, there are many such policies available. All insurance companies have auto insurance or vehicle insurance. While the details of the package may vary, … Click here to read more

  • The Process of Acquiring an Auto Insurance Policy

    by Hayden Krueger

    The process to acquiring auto insurance begins by looking for one. There are several policies to choose fro. These policies while adhering to a common base vary in terms of the kind of coverage covered and the extent of the coverage provided. Finding the right policy to suit your needs and expectations is important. Furthermore, various Insurance Companies offer deals and ways to get better coverage for the amount paid. And then some insurance companies have proved themselves better than other over time.

    Choosing the right Insurance Company is a big step. Some people believe that the bigger the company’s holdings, the more reliable the company is. This is true up to an extent. However, there are some smaller Insurance Companies who do specialized work in one sector of insurance, say, health of auto etc. These companies though smaller are effective and prompt with their services. So, size doesn’t always … Click here to read more

  • Paying the price – Auto insurance costs and quotes

    by Hayden Krueger

    The backstage preparation to a company paying for your damages sustained in an accident is an interesting one. No company and no organization is generous enough o pay for your bad fortunes with its own profits.

    If a company is offering to pay for some damage coverage, it only means that it is paying for the coverage with money that you have, over time invested in that company, or will be charged for in the future. The concept if Insurance is just this. The insurer pays a sum of money to the insurance Company that holds on to it and pays for damages if the insurer ever gets into an accident. The advantage for the insurer is that the cost of coverage may turn out to be particularly high, especially if it is the insurer’s fault. The Insurer therefore need have no worries since his/her insurance company will step in … Click here to read more

  • Coverage Policies in the United States of America

    by Hayden Krueger

    Anyone with a little experience of getting a vehicle insured will know that the matter is one that needs a great deal of decision making. The Insurance Company, will itself, give suggestions in relation to what sort of insurance policy will best suit the needs and usage of that particular customer. However, it is important for the insurer to have some prior knowledge of the various options available.

    To begin with, the basic principle underlying an insurance policy is reimbursement. In very simple terms: the insurer pays a pre-decided amount of money to the insurance company, at regular intervals. The insurer, by doing so, earns the guarantee that the insurance Company will take care of any repairs or damage brought on by an accident. The insurance policy will completely cover the cost of repair. This is the fundamental concept. Insurance companies have built upon this base and have come up … Click here to read more

  • Auto considerations – What insurance Companies are looking at

    by Hayden Krueger

    Insurance companies in the U.S have only been going from profit to better profit. The growth in other sectors such as the automobile market has affected the growth rate of the insurance sector. Understandably, the features of the policy have changed with the changing need. The most popular forms of auto insurance in the U.S are currently the liability policy and the comprehensive policy. Both policies cover damages sustained during an accident. 

    The need for auto insurance 

    Auto insurance like life insurance, property insurance and health insurance undertakes reimbursement for damages sustained. The likelihood of an accident on the road has increased tremendously. With the amount of traffic and the speed at which some vehicles operate it is a wonder there aren’t more accidents. There are various types of auto insurance policies. Other than the blanket policy that covers general reimbursement, there are several other policies devised by the insurance … Click here to read more

  • Things to Make Sure of For Commercial Auto Insurance

    by Hayden Krueger

    Commercial auto insurance comes into picture when it is not your domestic vehicle that you are insuring but the vehicles you use as part of your business. Commercial auto insurance is a slightly more complicated proposition than the case of domestic vehicles as a whole lot of new factors get involved in the former case. Hence the range of negotiation is larger; the number of factors is more and most importantly the amount of money involved is also higher. Hence one must be careful while choosing commercial auto insurance.

    The first thing to realize about commercial auto insurance is that invariably not one vehicle but an entire fleet consisting of several vehicles is involved. This means a very good business opportunity for the insurance company. At the same time it represents a good amount of risk too. Hence there are pros and cons for either party which needs to be … Click here to read more

  • Checkpoints Before You Choose an Auto Insurance Company

    by Hayden Krueger

    Choosing an auto insurance company to take up insurance for your vehicle is not as easy a job as it may seem on the outside. There are a lot of factors that need to be weighed in with some compromises and some priorities. Choosing the auto insurance company and also the terms of the insurance are the most important steps involved in the process of driving a vehicle and you need to get them right to save yourself money and trouble in the future. By driving a vehicle you are imposing a risk, albeit small, on yourself, others’ lives and also finances. Therefore nothing but a good insurance will do to ensure you have a safety jacket.

    The first thing to check is the reputation of the company. Natural disasters like floods, cyclones or earthquakes have many insurance holders knocking on the doors of the insurance company. If this happens … Click here to read more

  • Tips To Get Some Good Deals On Auto Insurance For First Time Insurance Buyers

    by Hayden Krueger

    Cars are something everyone wants to have and driving your own car is a pleasure no doubt. Most states however rules that you should carry documents of your insurance or proof of the same when asked by an officer of law at all times. Besides this fact, many people choose to ignore getting a policy on their car because they believe they are young and invincible. The high costs of insurance also make many teenage drivers neglect this important aspect. The fact that there is a higher cost on insurance for new drivers is based on the fact that they are inexperienced and are more likely to be reckless or try tricks with their new car on the roads. Since a lot of teens are on the road with their cars, auto insurance for teens is somewhat a specialized area.

    Insurance for teens can be more expensive at the beginning … Click here to read more