Auto Insurance Guide Archive for February, 2012

  • Look for reasons beyond accidents for purchasing auto insurance

    by Hayden Krueger

    There are many reasons why you should purchase auto insurance. A lot of people believe that auto insurance would come into picture only when there is an accident and they need to get their damage repair costs reimbursed. However, it is important to understand that even if you are a perfectly safe driver, there are several ways in which you might need auto insurance coverage eventually to avoid big unforeseen expenses. Here are some of the reasons why you will need auto insurance coverage.

    For theft and natural disasters

    When your vehicle has been stolen, vandalized or damaged by natural disasters like earthquakes, floods, hurricanes and cyclones, you will need your auto insurance coverage to recover the cost of the vehicle. Most of these are beyond your control, but you can avoid any concerns by taking a comprehensive insurance that covers most of these. If you live in areas which … Click here to read more

  • Five precautions you should take before you purchase auto insurance

    by Hayden Krueger

    When you purchase auto insurance you shouldn’t do so blindly. This is because you would be paying the insurance provider month after month for coverage for possible accidental damages in the future. So every possible precaution should be taken to make sure that when you eventually need the reimbursement after an accident, you will get it without a lot of fuss. Those who often purchase auto insurance without much thought or analysis, end up being in trouble later when they do need the insurance coverage. Here are some precautions that you should take while purchasing auto insurance.

    1. Compare the insurance rates of at least 4 or 5 different insurance providers. When you do that you are well aware of what the current insurance industry rates are. This way, you wouldn’t end up overpaying for the coverage that you are getting. There are online sites where you can request for free
    2. Click here to read more

  • Different ways in which driving and traffic laws affect auto insurance

    by Hayden Krueger

    Driving, as well as the state laws where you reside could greatly affect the auto insurance premium that you might be paying. It is therefore important to be well versed with most rules, so that you don’t get any negative remarks in your driving record. This is important, because when you apply for auto insurance, companies invariably tend to check your driving record in the past, especially the last 2 or 3 years to check driving patterns and common driving violations. From this, companies tend to deduce whether you are a reasonably safe driver or not. If the chances of your being reckless and getting involved in an accident are high, you will be charged higher rates, specifically because the risk of your claiming for damages would be high.

    Liability insurance

    This is commonly mandated across all states. Third party liability insurance has to be purchased by all vehicle owners, … Click here to read more

  • Ten easy tips to save big on car insurance

    by Hayden Krueger

    Most customers try to cut down on their auto insurance costs by doing away with auto insurance altogether. However, that isn’t a wise move at all. On the contrary, it could leave you vulnerable to big unforeseen expenses in the future. It is better to learn how to save on your car insurance, rather than compromising on the coverage itself. Here are some simple tips that can help you save hundreds of dollars on car insurance every year.

    1. Avoid driving whenever it is possible. You can share cars with friends or colleagues or take public transportation if possible. By driving less, you lower your mileage and that brings down the auto insurance premium as well.
    2. Follow traffic laws to the T. This is very important. Whether it is texting or distracted driving, not wearing seat belts or driving under influence, speeding or jumping signals, it isn’t good for your profile
    3. Click here to read more

  • Key factors that impact auto insurance premiums

    by Hayden Krueger

    A lot of auto insurance companies use their own logic to provide a quote for the coverage you are looking for. However, there are a set of factors which are considered by most auto insurance companies. It is advisable to understand these factors so that you can look for better discounts. Auto insurance rates firstly depend on your profile. For example, a middle aged professional who commutes daily to work will have to pay greater rates, compared to a senior citizen or a housewife. Another related factor is your average mileage across a year. If you travel a lot, then the chances of your being in an auto accident are higher, which is why your auto insurance rates too go up.

    Auto insurance rates depend on the city or the region in which you commute often. For example, if you drive 25 miles a day in a city which has … Click here to read more

  • Five types of coverage that you must consider

    by Hayden Krueger

    When it comes to auto insurance, nothing really is set in stone. You have to take a call on what you need and what you can do without. Once again it is up to what you can afford and the offer that you are getting from the insurance provider. Shopping online and taking quotes from multiple insurance providers can actually help you save some money by bagging the best possible deals. However, you will have to cast a look at the different types of auto insurance coverage available to you and inspect if you might need them.

    The first of these is the comprehensive coverage which becomes very handy when your car is damaged by forces which are beyond your control, other than a fellow motorist. For example, if your car has been damaged due to a fire, a flood or a hurricane or an act of vandalism then you … Click here to read more