Auto Insurance Guide Archive for 2010

  • 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. 

  • Why Car Insurance Is a Necessity

    by Hayden Krueger

    To all car owners and drivers in the United States, it is a known fact that you cannot hit the roads and speed in highways unless you have car insurance. This is because the US government requires all car owners to have this so one could drive legally. Some people consider this as just an added expense, which oftentimes drain the finances of car owners. Nonetheless, unless you decide to break the law and be caught by traffic enforcers on the road, getting car insurance is a necessity and a requisite to safe driving.

    But why did the government resort to imposing a law that requires car owners to have an insurance policy for their vehicles? Stated below are different reasons why.

    The truth is, no matter where you are, there is always a risk that you will be involved in an accident while on the road.

    No one in … Click here to read more

  • How Advantageous is a Short Term Car Insurance Policy?

    by Hayden Krueger

    People need transportation. However, not all people have cars. But some cars are available for rent. This is the option that many people take in order to have a car for a short time only. For a specific time frame you have a car, but it is not actually yours. This is also an option for people who need a specific type of vehicle for a specific purpose such as an out-of-town trip. It is quite advantageous that car rentals abound almost everywhere. This is not only convenient but it is also much cheaper because rental cars can be afforded at low prices.

    Additionally, car rentals are rentable within a time frame that you can specify. It doesn’t matter if you need it for only a few hours or for a month, as long as you declare it and you and the owner had a deal, voila, you got your … Click here to read more

  • Let Auto Insurance Cconfusions End Here

    by Hayden Krueger

    Fact: Full financial car accident defense would cost you a really large amount of money. This means you would be safe from any financial dilemma when you are on the road and an accident occurs.

    Problem: Not everybody is a high paid celebrity who could afford all expensive things.

    Solution: You should be a responsible and safe driver. Read and understand all the terms and conditions each insurance policy provides and on which you would benefit most from. You should also know which insurance company offers what type of insurance policy. Finally, you must make a plan how to reduce the rates of these insurance policies.

    Insurance policies are mandated to about 47 out of 50 states. These states also set what the minimum insurance policy they require each licensed driver. So getting an insurance policy is important since it already is under a law and without it your license … Click here to read more

  • Understanding Liability Car Insurance Coverage

    by Hayden Krueger

    Car insurance is a very useful thing in this day and age. If in the past, having one may somewhat be just a form of luxury or extravagance, it is now considered by many to be one of the major necessities of a person, specifically those owning a car. These days, more and more people already own a car, so you can never anticipate what can happen while you are on the road. Some people may get into accidents others simply need a replacement gear to ensure their safety while driving.

    For some, typically those who already have or are planning to have car insurance, they want to understand more accurately the things related and comprise car insurance. And one of the basic things to understand that comprise car insurance is the insurance coverage.

    An auto insurance coverage gives the exact details on where, when and what kind of situations … Click here to read more

  • Things to Avoid When Getting Car Insurance

    by Hayden Krueger

    Truly, getting car insurance is one of the most important things that you must take into consideration, especially if you are to own a car and would extensively use it. Take note that most, if not all states in the US requires car insurance before drivers can be able to drive their respective cars legally. This is because of the fact that the government actually sees auto insurance as a necessity given the extensive use of cars in this country. In addition, the government also sees insurance as the one that helps protect the overall welfare of the people, especially when they hot the road.   

    However, it is also true that auto insurance definitely comes with a price. Remember that we are actually experiencing a grave economic crisis. In this case, being able to save money as much as you can is necessary. With those dollars hard to earn, it … Click here to read more

  • Simple Ways in Saving on Car Insurance

    by Hayden Krueger

    Being able to save on auto insurance is truly a big deal. This is due to the fact that consumers right now are aware of hard economic times. In this economy, jobs are harder to find, dollars are harder to earn, and careers are harder to make. In this case, saving money is truly a necessity. Therefore, having low cost insurance is the best deal that consumers can have at least when they own a car and wishes to use it extensively. 

    Keep in mind that the global financial crisis does not make road accidents fewer. This is the reason why getting cheaper car insurance for you and your family may only be your valuable option, at least when you still want protection. Most of the states in the USA, if not all, require drivers to meet the state minimum car insurance policies in order for them to be bale … Click here to read more

  • What are the Required Car Insurance Limits of Every U.S. State?

    by Hayden Krueger

    Every state in the United States requires certain limits of coverage for every auto insurance coverage in which a person, specifically a motorist owning a policy, should have. Limits of coverage, meaning an insurance coverage a motorist should not be lower than what the specified amounts are required by laws on each state.

    These limits are characterized by three numbers, which are pertaining to bodily injury and property damage liability coverage. Before knowing these three digits that should be strictly followed by motorist when purchasing auto insurance, it is appropriate to know what these bodily injury and property damage liability coverages are first.

    Bodily Injury Liability Coverage is a type that insures a policy holder if in case he/she is involved in a vehicular accident. He/she is insured by the auto insurance company from paying medical of funeral expenses needed by all people that are involved in the accident and … Click here to read more