Most Recent Auto Insurance Guide in Factors That Affect Insurance Rates

  • Reasons for A Surging Auto Insurance Rate

    by Hayden Krueger

    No car owner in its right mind would love to see his auto insurance rates increase. While most drivers would pay the same amount during and every renewal period, some may not be that lucky enough and face inexplicable rising rates. Here are a couple of reasons why we think your insurance rates have risen.

    Have you recently purchased an expensive vehicle, and you are at your retirement age? Well, it’s a surefire way to increase your premiums. These two factors don’t mix, and, even if they stand alone, both become a sure candidate for the not-so cheap premiums. You might have heard that only the teenage drivers using expensive car models can be slapped with expensive premiums, but you are dead wrong. Age does matter, and unfortunately, your age and the teenage drivers are both on the extremes.

    Teenage driver could mean being inexperienced that quadruples the chances of … Click here to read more

  • Why Buying Auto Insurance Online Matters

    by Hayden Krueger

    The Internet is truly one remarkable tool that everyone should take advantage of. It speeds up everything from communication, shopping to services; you name it the Internet has it. Transactions that took days to complete, now takes only few seconds. Using the Internet, we are now able to see what’s happening in the other side of the globe, in real time.

    In the not so distant past, we’re used to wait days or even weeks to get a response from our insurance companies. It’s a tedious and long process, and it’s not even funny. If you want to acquire multiple quotes, you are going to call every single insurer and then go through the same process repeatedly.

    On the Internet, you can still acquire multiple quotes, but, no longer have to be in that situation again. By using comparison-shopping websites, all you need to do is to fill out one … Click here to read more

  • Auto Insurance Rates: Learning From Japan’s Tragedy

    by Hayden Krueger

    The recent natural disasters that struck Japan were beyond anyone’s expectations. The earthquake and tsunami left immeasurable damages to both life and property. Assessing the cost of the disaster is often very difficult to evaluate as it affects nearly all angles in Japan’s economy.

    Japan’s destruction serves as an eye-opener to all policyholders out there. In times like these, finding cheap insurance policies will be next to impossible. Understanding the implications of natural disasters should help the driver stay protected at all times. By knowing the possibility that some ‘Acts of God’ could wipe out your investments in no time, will help anyone’s insurance cost be in control.

    When an earthquake strikes, all policyholders under a comprehensive coverage are eligible to file insurance claims. If the effects are wide-ranging, the influx of claimants could swell in just a few days. Under the law, insurance providers are obliged to pay for … Click here to read more

  • How to That Insurance Discounts for High-End Vehicles

    by Hayden Krueger

    If you own a luxury car or some high-end vehicles and still looking for ways to, at least, cut the insurance costs, then this article is for you. If you do not own one, feel free to browse through our other articles found in this website.

    So, going back to that question, yes, it is still possible to slash down your expensive insurance premiums by doing the tips, which I am going to share with you today. High-end vehicles such as BMW, Jaguar and Audi automatically get very high premium rates.

    There are several reasons why it ended up that way.  You may or may not know that your age, profession, location, driving records, driving experience and even your credit score will have something to say on your insurance rates. In addition to that, the type, the model and the make of your car also plays a big consideration.

    Some … Click here to read more

  • How to That Insurance Discounts for High-End Vehicles

    by Hayden Krueger

    If you own a luxury car or some high-end vehicles and still looking for ways to, at least, cut the insurance costs, then this article is for you. If you do not own one, feel free to browse through our other articles found in this website.

    So, going back to that question, yes, it is still possible to slash down your expensive insurance premiums by doing the tips, which I am going to share with you today. High-end vehicles such as BMW, Jaguar and Audi automatically get very high premium rates.

    There are several reasons why it ended up that way.  You may or may not know that your age, profession, location, driving records, driving experience and even your credit score will have something to say on your insurance rates. In addition to that, the type, the model and the make of your car also plays a big consideration.

    Some … Click here to read more

  • Why Your Insurance Rates Are Ridiculously High?

    by Hayden Krueger

    So many factors could affect your insurance rates and since it’s impossible to discuss all of them in this issue, we will just discuss the common ones.

    Well, if you must know, one of the most “poorly” paid people in the U.S. are the performing artists; underpaid or sometimes not even paid at all. Often unappreciated and unacknowledged, life is difficult. However, when it comes to auto insurance, they are enjoying much more reduced rates.

    On the other side of the coin, corporate CEOs, managers and bankers who are raking thousands of dollars of annual income are often times the ones paying the highest insurance rates. Knowing that, probably, gives a little comfort to the rest of the working public. However, insurance companies are not doing it because of Karma.  Insurance companies believe what their statistics have to say.

    Who Pays Most and Why

    Insurers use actuarial tables to do … 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

  • 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

  • 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

  • Car Accidents: Drunk Driving

    by Hayden Krueger

    Anything could happen when it comes to drunk driving, from damage to properties, bodily injuries to death. Will a general insurance policy suffice when it happens? Let’s find out.

    If you are the victim, it’s best to know that you have a couple of options at your disposal. However, it’s also possible that you will be exploited even in the court of law, which is why it’s important to hire an accident attorney for your own protection. Since, this type of accident is ever-increasing each year, the need to hire one is, nonetheless, crucial.

    The Different Faces of Drunk Driving

    Drunk driving can occur in many ways, from one vehicle, two vehicles, involvement of pedestrian, motorcycles, buses, cyclists, etc. Not only that, such accidents cause trauma, which could result from mild to severe injuries, broken bones, bleeding, and neck/head injuries and so on. Some people are just hardheaded because all … Click here to read more

  • Avoid Increase of Insurance Rates: Filing a Claim

    by Hayden Krueger

    If you get into an accident, whether you are the at-fault driver or the other way around, you better be careful when filing for a claim, if you care about your insurance rates.

    For sure, we are not telling you not to file a claim, because after all, this is the reason why you have auto insurance. However, keep in mind that there are those times when it’s more appropriate to pay your own money to settle everything instead of filing a claim. The effects would be far more expensive than the cost of the accident itself. Unfortunately, we could not find any hard and fast rules when to do this. Instead, look for the guidelines below if any of them would fit your situation.

    Knowing When to File an Insurance Claim

    Filing an insurance claim is encouraged if there is substantial damage or injury sustained during the accident. However, … Click here to read more

  • How to Spot the Cheapest Caravan Insurance

    by Hayden Krueger

    If you want to save your money on caravan insurance then prepare yourself to search for the cheapest provider in town who can offer such coverage. When it comes to car insurance policies, people often look at it as a very expensive commodity. Well, partly true, but on the contrary, there are insurance coverage that are inexpensive depending on the type of policy that you are getting.

    Finding your insurer – With thorough search, you will be able to find insurance quotes from companies with same policies but with added benefits and bonuses. Probably not a sizeable amount, however money saved, is money earned. If you are happy with the company and getting discounts, add it up for the next 5 years, and it still is a saving.

    Finding the cheapest caravan insurance might not be as straightforward as finding the other types of insurances. It is less common and … Click here to read more

  • Five Things to Remember When Buying Auto Insurance Online

    by Hayden Krueger

    If you want to stay on top of today’s trends then you must be buying items online. It’s relatively simple, easy to accomplish, blazingly fast and of course, you got to be labeled by the younger generation as a cool person. Well, there’s nothing wrong in keeping up with the technology. After all, if it reduces your stress levels and lightens up your workload, there’s no reason of not using it.

    Purchasing auto insurance online is gaining momentum. Doing this you will save time and money. Having said that, we’re going to discuss some known advantages people are enjoying the moment they purchase goods online, and the things needed to accomplish that.

    The fact is, you no longer have to deal with an insurance agent, you’re no longer paying for anyone’s time and you cannot be forced to buy a coverage that you don’t need at all. This is good … Click here to read more

  • Cheap Auto Insurance for Teen Drivers

    by Hayden Krueger

    Many articles have been written about teen drivers and their insurance rates. Your parents may have told you, how expensive it was to get cheap teen auto insurance, when they too were teen drivers. But as always, reactions can be overstated, after all, you’re not paying your own insurance as yet.

    There are no words to describe owning your car and driving it for the first time. The sense of freedom is overwhelming. However, most teenage drivers don’t realize that there are responsibilities beyond sitting and driving.

    Car insurance plays a crucial role in a driver’s life. This protects both him, and others, should car mishap happens. The insurance will cover, based on the policy, any expenses incurred from repairs and or medical bills. Since teenage drivers are notoriously known for their driving records, cheap insurance premiums for teenagers are hard to come by. Parents would know this, after all, … Click here to read more

  • Want To Cut Your Truck Insurance Cost? Install Safety Features

    by Hayden Krueger

    Insuring trucks and other similar huge vehicles requires paying hefty sums of money with their insurance premiums. Trucks are huge and when involved on road accidents, they just don’t create simple dents but oftentimes-deadly damages and fatalities. For this reason, trucks are considered as high risk machines needing high insurance coverage.

    Commercial trucks fall under the same category and are considered road hazards as well. These trucks are used to carry products such as chemicals, which are harmful to the public and to the environment when spilled or cluttered during road collision.

    If you are an ordinary car owner, you know that buying insurance creates a ‘dent’ in the pocket. The same scenario exists to the truck owners but this time, only bigger. However, since commercial truck insurance is required by law, there’s nothing they could do but to insure their trucks.

    If you own a truck, then you must … Click here to read more

  • Acquiring Cheap Car Insurance for Young Drivers

    by Hayden Krueger

    Time and gain, we’ve been asked and answered the same question a gazillion times, “How do I get cheap car insurance for my son or daughter?” Without a doubt, each year brings millions of parents asking why and how in the world they are paying skyrocketing fees for their children’s insurance policies.

    Quite frankly, this is the result of teen drivers eagerly involving too much on road accidents. Statistics reveal that more and more teen drivers are becoming road hazards, carelessly zinging along highways.

    Mind you, there are still ways to reduce the teen insurance cost towards getting cheap car insurance. These tips worked at its wonders to the others, and it could work for you as well. Some aren’t that straightforward, but you get the point.

    Many of our teen drivers do not realize how hard it is to find a car insurance that won’t interfere much on the … Click here to read more

  • How to Reduce Insurance Costs for Teen Drivers

    by Hayden Krueger

    When it comes to surprising people with high car insurance costs, our young drivers usually get the biggest share of the pie. This is reality that all of us will have to deal with. While it is still possible to find reasonable insurance policies for teen drivers, hunting for the right one is a totally different story. As a parent, you knew this already long before your kid wants to drive his own car.

    All of us were once treated as risky drivers, right? If you didn’t know this, your parents probably took care of all the dirty work year after year. As you aged and gained experience, the cost of insurance dwindles down.

    As cited earlier, finding the right insurance company that will cover teen drivers are often difficult. In fact, there are insurers who will refuse to cover teen drivers, particularly those that have only acquired provisional license. … Click here to read more

  • Why Auto Insurance Prices Are So High?

    by Hayden Krueger

    If we are to look at the U.S. car insurance prices from a different perspective, we can clearly see that it isn’t that bad after all. For instance, car insurance prices in the U.K. have been skyrocketing for the past few years because businesses had to deal with their losses and that fraud that plaque the market.

    In the U.S. soil, residents in Louisiana are paying the highest insurance rates averaging to $12,000 a year, while Iowa residents were lucky enough to get an annual average rate of just a little over $1,000. The price of insurance is unique to the individual that is why some people are paying $800 a month for their car insurance while others landed on with just $35 a month. Maybe you are thinking that those people are just lucky to get those dirt-cheap prices but in reality, they’re not. Here’s why.

    The Actuarial TablesClick here to read more

  • Cheap Car Insurance for Professionals, Not For Everyone

    by Hayden Krueger

    Have you ever wondered why some drivers are able to get hold of cheap car insurance policies while you sweat all day long trying to find one? Of course, we already know that there are standard variables that insurers consider all the time such as gender and age, driving record, make and model of the car and so on.

    Also, we’ve known for a while that the place we live in counts as well. Insurers are always interested to know how crowded the place is, the percentage of crimes committed such as vandalism, theft or collisions. On top of that, we were told that car insurance companies are now using our very own credit score to identify how responsible we are in terms of our financial obligations.

    However, what many people don’t realize is that their occupations play a significant role in insurance computations.

    How’s that even possible?

    Believe me … Click here to read more

  • Car Insurance, Alcohol and You

    by Hayden Krueger

    First thing first, the only way to drive your car safely is when your alcohol level is zero.  In most states though, as long as your alcohol level is below 0.08 then you are on the safe zone – no one can charge you with DUI. However, if you encounter an accident you will still be facing serious consequences from your insurer, even if no one is hurt or property damaged during the mishap.

    Whether the law enforcement is interested in your case or not, then that would be a different story.

    One unique Florida Case

    John, a young driver, was driving along a not-so busy highway when he suddenly lost control of his car, ran off the road, and suffered total wreck. The good news is that John is safe and emerged with minor scratches only. Other than his car, no other person or property was involved – lucky … Click here to read more