Auto Insurance Guide Archive for February, 2011

  • How to Get a Student Insurance Discount

    by Hayden Krueger

    The costs of insurance for student drivers are high; we may also ask how and why these policies are so expensive, how they were computed and what relation is there to the general as far as this demographic.

    In theory, all insurance premiums use pre-defined metrics, which is applied to all policyholders regardless of their age (teen, adult or senior drivers). However, there are other variables used to arrive at the premium rate computation. These factors differ from person to person, which explains the differences in premium prices. In the case of student drivers, insurers normally evaluate the student’s performance in school, driving courses completed, etc. On top of that, the notion that student drivers are high-risk drivers still holds true; bloating the premium prices and making them extremely overpriced.

    Imagine if you have two or three children, who in the next few years, will be asking you to pay … Click here to read more

  • How to Find Low Cost Car Insurance

    by Hayden Krueger

    Whether you are shopping for items or services, we always want to save money. However, do keep in mind that you will get what you have paid for. In the case of insurance, expensive policies are a drain to the bottom line, but it’s all worth it for all those who need it.

    People on a shoestring budget, naturally, would choose low cost car insurance coverage. There’s nothing wrong with affordable coverage, as long as it keeps its promises. Nothing can be worse than to find out that the coverage is not enough to cover the cost of medical bills and damages. That could only mean one thing – paying the uncovered amount using your hard-earned money.

    You don’t want to see yourself in that situation, so the best way to avoid it, is to make sure that a low cost insurance is reasonable and fitting. However, we can’t help … Click here to read more

  • How Auto Insurance Companies Are Keeping Secrets

    by Hayden Krueger

    It is not only our friends that keep secrets from us, but your auto insurance provider may be doing so as well. Some of these secrets are just plain and simple, while others will shock you.

    While most of the auto insurance information you get on the Internet has some truth to it, uncovering this important information could not only help you save money but also assist you in averting from the insurance traps.

    Get A Good Credit To Lower Your Premium Rates. You could say that this is no longer a secret but still a lot of people do not figure out that their credit score affects their insurance rates. Statistically, insurance companies believed that a person having a good credit score is less likely to be in an accident, hence, rare in filing insurance claims. As a reward, your insurer could extend price discounts in response to … Click here to read more

  • High Risk Auto Insurance: Do You Need One?

    by Hayden Krueger

    Auto insurance is an important security contract that covers both drivers and car owners alike. Driving without insurance coverage is punishable by law in most states in the United States, and registration and renewal would not be possible without it. This is the reason why millions of people are looking for auto insurance year after year.

    Road accidents continue to rise each year. Varying scenarios have forced insurance companies to come up with new and interesting types of coverage to protect the motorists.

    One of them is high-risk auto insurance; this aims to protect drivers whose driving records are not that impressive. Such drivers are considered to be in close proximity to troubles and road accidents.  This type of policy also covers other circumstances such as theft. Expensive vehicles are often targets of car thieves, and their costly price tags make them high-risk. Additionally, vehicles with expensive accessories or enhancements … Click here to read more

  • Getting To Know Insurance Coverage for Senior Drivers

    by Hayden Krueger

    If you are aged between 55 and 75 years old, most insurance companies will consider you as a senior driver. You may be considered as an “old folk,” but you could still enjoy some fringe benefits from this particular type of coverage.

    First, being able to qualify to get an insurance coverage for senior drivers is the first benefit. Auto insurance for seniors is relatively low-priced than any other standard insurance coverage. The reason is not about karma but the fact that older drivers, with considerable amount of time spent on the road, are assumed as responsible and safe drivers compared to their younger counterparts. Senior drivers are known for their disciplined behavior, being less aggressive, always use the safer side of the road, and very rarely overtake another vehicle or speeding.

    Auto insurance for seniors is viewed as a special consideration for the elder generations. Apparently, this coverage is … Click here to read more

  • Getting the Most of Low Car Insurance Premiums Like Women

    by Hayden Krueger

    Whether we admit it or not, female drivers are the ones who get cheaper insurance rates than that of men. What is the reason behind this? The answers could not be simpler and that is mainly due to their discipline and safe driving behavior. In addition to that, the low incidence of insurance claims filed by women drivers indicates that they are less likely to be involved in road mishaps. If your goal is to get the same premiums women drivers are currently enjoying, follow our simple reminders below.

    Don’t Forget to Acquire Insurance Quotes online – We have written several articles about comparison-shopping yet many people still ignore this tip when they buy insurance coverage. The role of the thumb is not to buy the first offer you come across, or you would miss out some of the best deals offered by other insurance companies. What you need to … Click here to read more

  • Four Unfamiliar Things Your Auto Insurance Covers

    by Hayden Krueger

    Before you sign the dotted line and send your insurance payment, did you check the coverage carefully? Does the policy cover all the important aspects you need in case of accidents? The rule of thumb is not to pay, unless you are quite sure that these things are taken care of properly.

    Having said that, many, if not all, insurance companies have already included these services to the policy. However, some insurers offering cheap insurance policies usually exclude some or all of them.

    Legal Representation in Court – If the accident will result in a legal suit, you obviously need an attorney to take care of your case. Although both insurance companies will try their best to settle the case, at times, legal interventions may be necessary in resolving the issue.

    Should this happen, and assuming that your insurer provides legal assistance; the loyalty of the attorney is still questionable. … Click here to read more

  • Five Ways for A Safe and Cheaper Teen Car Insurance

    by Hayden Krueger

    If you are a parent and you worry about your teen driver’s insurance policy, you are certainly not alone. What most parents do is to save as much as they can before the due date comes. Apart from savings, doing the following steps below will surely alleviate most of your worries.

    Look For Insurance Discounts – It is still possible to find discounts, even if teenagers are considered as high-risk drivers. Talk to your insurance agent, and don’t hesitate to ask about special discounts or promos, which your teenager driver could avail of. One of the most common discounts extended to teen drivers is that “good grade” discount. Depending on their GPA score, as much as 10% can be scratched off from the final computation. This will encourage students to perform well in school in order to save for student insurance.

    Purchase A Used Car For Your Teen – New … Click here to read more

  • Five Things You Need To Know About Your Auto Insurance Provider

    by Hayden Krueger

    Considering the vast number of insurance companies within your locality and for a thousand more online, it is going to be a difficult decision to do when selecting the right company for your unique needs. If you feel overwhelmed with so many questions, you are not alone. Apart from that, you might be asking yourself what particular type of policy is going to fit your needs on top of those endless insurance jargon terms thrown at you.

    So, in this article, we are going to help you out by discussing five of the most common questions we received from our existing and would-be policyholders when choosing for a potential insurance company to work with.

    What Do You Mean By A Direct Auto Insurance Company?

    As the name implies, this type of insurance provider will work directly to sell its products and services to the potential policyholder, which is you. In … Click here to read more

  • Five Interesting Tips How to Get Cheap Insurance

    by Hayden Krueger

    Each year, we add thousands of vehicles onto our busy streets. Sleek, classy and expensive car models, give us that comfortable and tastefully furnished vehicles. As we travel along our way, we have witnessed numerous car accidents from simple dents to gruesome fatalities. This will keep all of us thinking, “How safe are we?”

    The risk of accidents is always there. No one knows when an accident will happen, or if it ever happens at all. However, we do know that we can do something about it and protect ourselves from financial obligations and legal suits. This is where auto insurances come to play.

    The recent economic downturn left millions of Americans unable to buy insurance coverage for their vehicles. Since it’s mandatory for car owners, they are all looking for ways to buy cheap coverage.

    It’s a fact that auto insurance providers use many factors to determine the premium … Click here to read more

  • Finding the Best Auto Insurance Rates In Town

    by Hayden Krueger

    If you are trying to find the best insurance coverage, it doesn’t necessarily mean that you are seeking for the cheapest ones. It means that you want to purchase the best insurance policy for your needs, and at the same time provide value for the money. Make sure you understand the coverage limits, and that they are sufficient without having to shell out your own money in case of an accident.

    There are many factors insurance companies use to determine the individual’s insurance premiums, the most common are the vehicle’s condition and the risk level of a person.

    In theory, people who own brand new vehicles are likely to get the best auto insurance rates simply because the likelihood of getting into an accident due to corroded brake linings or wear out parts is too little. Add those to the driver’s good driving records and the premiums can be further … Click here to read more

  • Evading High Risk Auto Insurance

    by Hayden Krueger

    Apart from teen drivers getting expensive insurance policies, there are variables that auto insurance companies use to determine if you are a high-risk driver or not. Be thankful if you are not considered as one, because you can continue to enjoy greater benefits and reduced prices. For the few unlucky souls, appropriate actions must be taken, or at the very least, be very cautious.

    High-risk drivers end up paying expensive insurance rates, as majority of today’s insurers won’t allow you to drive with minimum liability coverage only. The level of risk is too high, so you are considered as a drain to their bottom line once you start collecting insurance claims.

    To compensate the potential losses, they will make you pay ridiculously high priced-policies. You can do less in this situation since driving without an insurance coverage will only breed more problems for you.

    Still unsure how you ended up … Click here to read more

  • Dwindling Teen Insurance Rates

    by Hayden Krueger

    Last year was a good year for teen drivers. Insurance companies and the state agencies are reporting low accidents involving teen drivers across the country. The reason behind this is still unclear, but nonetheless, good indicators that may help in reducing the rates for teens are insurance premiums.

    It’s possible that because of stricter laws on teen drivers, improved educational system and the economics have brought this dream into a reality.

    Reports indicate that in 2010, the state of Nutmeg recorded the fewest number of accidents involving teen drivers in the span of ten years. They have attributed this success to their stringent laws enacted in 2008.

    These laws make use of the “graduated approach.” New drivers at the age of 16 are put into restrictive driving privileges and will only be granted with additional privileges if the teen demonstrates responsible driving skills and road manners.

    Unfortunately, fatal crashes involving … Click here to read more

  • Do You Really Need A Full Car Coverage Insurance?

    by Hayden Krueger

    If you are a driver and not running on a tight budget, choosing full coverage car insurance is the best option. Undeniably, this type of policy is very expensive, but the policyholder is covered in every aspect of an accident. If you have full coverage car insurance, your insurer will take care of the following:

    Your insurer will take care of the hospitalization and medical bills of all the involved parties. This includes yourself, your passengers, innocent pedestrians or bystanders, and all the drivers and passengers of the other party.

    • Your insurer will also handle all the repair costs needed to rectify your car
    • It could also take care of all the repair costs needed by the 3rd party vehicle
    • All the damages involved during an accident, private or otherwise
    • This coverage can also be used for any unforeseen events or calamities such as floods, earthquakes, etc.

    As mentioned earlier, … Click here to read more

  • Defensive Driving: How It Affects Insurance Premiums

    by Hayden Krueger

    Did you know that in 2009, there were more than 6 million accidents in the United States? With these high rate of accident occurrence one can only imagine how many are happening currently.

    There are many reasons why these things happen, with careless driving or drunk driving topping the list. Regardless of the nature of the accident, taking defensive driving lessons seems to offer a better solution to protect, not only the driver himself, but also the passengers and other drivers on the road.

    In defensive driving, you will learn how to do things in the right way. Observing proper speed, watching out for sudden acceleration or deceleration from other cars, maintaining safe distance in between vehicles and of course, observing traffic laws. If all drivers would observe these guidelines, there will be fewer accidents and casualties each year.

    Undivided attention must be observed at all times when driving. It’s … Click here to read more

  • Cheap Auto Insurance: What To Do To Find One

    by Hayden Krueger

    When it comes to getting expensive insurance coverage, teen drivers have their own fair share. Apparently, being considered as high-risk drivers could only mean one thing – paying ridiculously high insurance premiums. Still, having such rates are not considered by most insurance companies as a drain to their income, but as a way to neutralize the increasing insurance claims from this particular age group.

    If you have a teen driver in your home, finding cheap insurance coverage and having a headache is almost synonymous with each other. For most parents, looking for cheap insurance is like finding a needle in a haystack. It’s going to take you days or even weeks to find a functional one. However, there are ways to get you out from this dilemma.  That is, buying a complete coverage without having to spend a fortune for teen car insurance.

    The desire for cheap teen insurance has … Click here to read more

  • Budget Car Insurance: Will It Save You Money?

    by Hayden Krueger

    Most of us are looking for ways to save money including the money we spent for auto insurance. If this is the case, budget car insurance may come in handy. This will allow you to get the same coverage and protection, and at the same time reduce your auto insurance expenses each year. If you do not drive a car, you might not need insurance. However, if you drive a car (even if it is a rented car), insurance is a necessity and a requirement not only to protect yourself but also to your passengers and other motorists. Insurance will give you the peace of mind and financial protection. Regrettably, finding a low-cost or affordable insurance coverage these days is rather difficult.

    To help you out, below are some tips that we have compiled for you to locate budget deals easily, discounts, or promotions that may work well within your … Click here to read more

  • Are There Any Measurable Benefits Of Group Auto Insurance?

    by Hayden Krueger

    Group auto insurance is a marketing method orchestrated by insurance companies that provides benefits to the insurer, business owner and the employers who are availing it. To understand why we consider this technique as a win-win situation, keep reading.

    The way group auto insurance is marketed is something that most of us could hardly resist. The benefits are numerous, coverage is attractive and above all, the price is affordable.

    The concept behind group auto insurance is really that simple. It is offered to companies or organizations and even to families with a good number of members. However, in this issue, we’re going to focus group insurance offered to companies.

    In most companies, offering group insurance comes as a work benefit. The business owner or the HR Department usually manages this offer. When it comes to the cost, the employee pays relatively low premiums because the company subsidizes part of the … Click here to read more

  • Affordable Insurance for Teen Drivers

    by Hayden Krueger

    When it comes to high insurance premiums, teen drivers are not exempted. The fact that they are considered as high-risk drivers, is already enough to skyrocket the rates. But did you know that affordable and cheap insurance is still possible for this age group? By showing the insurance providers that they are less risky than their other peers, discounts are not hard to come by.

    It’s good to know that our teen drivers now have a number of choices when it comes to discounts. Unlike before where there were only few insurers willing to extend teen discounts, today is a bit different. Having said that, if your current insurer is not offering you one, why don’t you shop around and look for insurance companies that reward your effort for being a responsible driver on the road.

    Good Student Discount – Most insurers will reward your effort if you do well … Click here to read more

  • Affordable Insurance for New Cars

    by Hayden Krueger

    Is there such a thing as affordable insurance for new vehicles? You just spent a considerable amount to get a new car; the next consideration is to insure the vehicle. You have plenty of options at your disposal in getting insurance.

    With the aggressive competition in car insurance, it’s not difficult to find insurance providers offering “cheap insurance”.  In having these many choices, one should take the time to find out which company is true to their promise.

    In general, it is more expensive when insuring a new vehicle than that of an older one. Therefore, it is crucial that you consider the annual or monthly premiums are affordable enough for you to pay. Don’t fret if the insurance premiums are too high. There are effective ways to reduce those premiums to cover your new car insurance needs.

    Like any other purchases, buying new car insurance will require you to … Click here to read more