Thursday, August 27, 2009

How to Shop For Cheap Auto Insurance

August 20th, 2009

There are quite a few things that go along with owing a car. Drivers must pay for gas to get them where they need to go, pay for any repairs that may occur and the car must be insured. While the occasional driver will drive five miles out of their way to get the best gas price in town, many drivers forget that they should shop around for cheap car insurance as well. There are several ways to end up with the best deal when it comes to cheap car insurance. You must do a little research however, and reach out for the best bargain around, because it will not likely reach out to you.

Minimum Coverage

If you are looking for extremely cheap car insurance, your best bet is to go with a company that offers minimum coverage. Each state requires a certain minimum amount of auto coverage in which all drivers must be covered under. While some of the more established insurance companies will not offer these low coverage options, there are other companies that specialize in minimum coverage policies. You will not be getting all of the perks that come with a heftier insurance plan, but your quest for cheap car insurance will be complete.

Combination Offers

If you own a home or a life insurance policy, you may be able to get cheap car insurance by combining the policies under one insurance company. Many insurance agents will offer you a nice discount when you insure your vehicle, home, and life with their company. Sometimes you will only be required to have two of the three, while other times you will be required to purchase all three to get a discount of any type. Make sure that it is worth your while to merge all of your plans however. Never switch a policy unless you are sure the rates are more competitive and the discount will be worth your while.

Annual Quotes

The biggest mistake most drivers make is not requesting new auto insurance quotes each year. While you may not think much can happen in a year, many companies change their annual rates drastically. You may be able to secure a lower rate this year with a company that offered you a higher rate last year. These rates usually change due to the increase in your age. However, sometimes they are simply due to a companies policies changing and becoming more competitive. So, about two months after your birthday each year, make a few calls to be sure you are getting the cheap car insurance you long for.

As you can see, when you use these simple insurance tips, you can guarantee you will always be getting the best cheap car insurance plan available. Consider signing up for a minimum coverage plan to save a few dollars. Remember that if your vehicle has a lien on it, you may not qualify for minimum coverage. Ask your insurance agent about any combination offers you may be eligible for. Lastly, be sure to call annually to get new auto insurance quotes from several companies in your area. When you are attentive to the possibilities, you will find that getting cheap car insurance is not as difficult as it seems to be.

Fraud and Prevention

August 21st, 2009

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The reason why automobile insurance has become distinctive in its nature, can be simply stated by the fact that a victim might start paying much higher premiums for acquiring a costly claim but he or his family might still need to pay with their lives someday.

Research

Ever since the introduction of automobiles into the modern world, Automobile Insurance fraud has turned out to be one the most organized crimes amongst a large variety of insurance scams of its kind. There are some common precautions that enable you to be aware, and protect your life from being scammed. While taking precautions, you might also need to carry on a thorough research of the different forms in which auto insurance scams appear in today�s world. Different instances of auto insurance scams show, how drivers might stop their vehicles in front of your car, deliberately confusing you to commit a mistake.

Foul Plays

Some of them might even pose friendly to you and even pretend to be innocent to have caused a rear-end fault intending to save your life. Such scam drivers would often make good money out of vehicle damages as also procuring large sums faking medical injuries. Irrespective of an accident being staged or not, these scam drivers would carry their vehicles into a different location and inflict heavier damages to their vehicles. This is done with the sheer intention to pretend as if the damages had been inflicted during the course of the original accident.

Smiling Faces

Sometimes you might come across people who pose as scam helpers, thereby inviting you to drive into traffic and commit the mistake of getting crashed by them. You need to be too careful at that, as these scam helpers would never own up their crimes while filing a claim. When in times of need they might even drive you to find an automobile repairing shop, a lawyer or a doctor where in all of these people are involved in a scam. In the course of their plan, the auto repairing shop might charge much higher rates from you while their counterparts would surely formulate lies to collect more from your insurance.

Hence forth, in today�s world it has become absolutely important to get equipped to face such crimes at any time and place. To avoid such circumstances, every time you are driving you need to remain cautious about certain things. You need to be absolutely alert as to whether a scam driver is following you or might be observing you driving down for quite some days just to track down the pattern of your driving and your habits. In such cases you just need to make sure that you leave plenty of space between your car and the car in front of you, in order to ensure an instant stop when needed.

In case any untoward incident takes place, just make sure that you take down all the vital in formations relating to the other car involved in the accident, the event itself, and especially particulars related to all the individuals present in the other car. If its possible, maintain a throwaway camera at your car to record the damages caused to both the vehicles. That is why its all the more important to ensure that you have enough space to move out and let other vehicles pass. You would also need to make a note of an overview of such an event that suffices to express your feelings in a better way while you would narrate the event to your insurance service provider.

Buying Auto Insurance - What You Need to Know

August 24th, 2009

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Automobiles, particularly cars are quite expensive nowadays. For many people, it takes several years of hard work and lot of savings to purchase a car. So it becomes essential to secure a vehicle by the means of insurance. Automobile insurance is the best way to protect you, the automobile and the huge amount invested in it. Auto insurance is basically an agreement between an insurance company and a vehicle owner. The latter is required to pay premium at a certain fixed tenure while the former agrees to pay for any damage or loss of the vehicle.

In many countries, it is mandatory to have an auto insurance policy. For this policy does not just provide monetary assistance to a vehicle owner, it is also of great help while tracing a vehicle in case of theft and the like. Once you make up your mind regarding which car (any other vehicle) to purchase, the foremost thing you ought to do is to decide the amount of liability coverage that you require. For help and further information in this area you can consult your local Department of Motor Vehicles. After you make up your mind about the liability sum, think about the type of insurance you want.

There are different types of auto insurances policies available that vary according to their coverage. For instance the comprehensive auto insurance covers all cases of accident and theft of your vehicle. Whereas the Third Party, Fire and Theft insurance covers only those situations of accident when the policyholder collides his vehicle with someone elses. The company will not reimburse in case any other automobile hits the insured one. It is at your discretion as to which policy to adopt.

The expense of the policy most often varies with its coverage. So the more a policy covers, the higher is its cost. Thirdly look for the insurance company from where you desire to purchase your desired policy. For this purpose you can check out the sites of various insurance agencies, can acquire online quotes that are totally free of cost, make a survey in your social circle and so forth. However you should know that in order to determine the contemporary rates, companies take the help of statistical history.

These rates depend on the money the required to pay on all claims and company business expenses. The rates of auto insurance policy are also related to the insurance company you choose. This is because each company offers different claim experiences with the number of people they insure. Moreover the cost of doing business i.e. the amount of money to be paid to sell and service their policies and the financial targets to achieve are different for different companies. The companies thus charge accordingly.

Along with these there are several other factors that directly affect your auto insurance rates. These are age, make and model of your vehicle, purpose served by the it, driving record, the manner in which you maintain your car and your credit ratings.

How to Lower Your Premium

August 23rd, 2009

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Every auto insurance premiums and costs are actually based on statistics. These statistics basically involve analyzing accident rates and theft rates for the different makes and models of automobiles under differing circumstances. This is the reason why auto insurance is significantly more expensive for teenagers than it is for adults. But then, there are many factors that do determine the cost of your auto insurance premium. Let us take a good look at these factors.

A. Deductible. Having a low or zero deductible on your auto insurance will significantly increase the cost of the policy. This is of course a trade off, because you are gambling on the fact that you won�t need to make a claim. You can pay up to 10% less on your annual premiums buy increasing the deductible. But a word of warning, if the time arrives to make a claim then you will be digging deeper into your pockets to pay for the larger deductible.

B. Crime Rate . If you are living in an area that statistically has high theft rates for your make and model of vehicle, then you will pay a higher premium. This is because your car has a much higher likelihood of being stolen, vandalized, or involved in an accident. There is not much you can do about this, you should not move location just to cut your auto insurance costs. Do not make the mistake of asking one of your family who live in the rural if you can use their address for your auto insurance. If the insurance company discovers this, you may be in trouble when its time to make a claim.

C. Garage Parking. The majority of auto insurance companies will give you to a slight premium reduction because cars parked in a garage are less likely to be stolen, vandalized, or damaged.

D. Mileage. Some companies have a low mileage discount if you drive less than a certain number of miles in a year. This is often difficult to become eligible for because you will need to limit your driving in order to qualify.

E. Anti-theft Alarms Most auto insurance companies offer policy discounts if your car is equipped with a safety device or anti theft device

F. Shop around to find the cheapest auto insurance available. Get a quote from every reputable auto insurance company in your town or city. Most reputable insurance companies are on the internet and its easy to get online quotes.

F. Insurance Consolidation. Most insurance companies will give you significant discounts if you have all your insurance policies with the same company.

G. Driving Courses. Most companies are now reducing the policy for people who take a driver education course. This mainly applies to new drivers. Insurance companies like to know that you are driver educated and therefore statistically have less liklihood of an accident.

H. Being Smart Helps. Many car insurance companies are now offering discounts for higher than average grade students.

I. No Claim Bonus. Most insurance companies will reduce the premium every year if you don�t make a claim. Every year your premium will reduce if you do not have an accident.

J. Sports Cars Pay The Price. If you have a high performance sports car then you better rethink. It is a well known fact that sports cars and super luxurious cars are the most expense to insure. Many times the cost can be double or more than a standard family car. Therefore, to obtain a lower auto insurance premium, its a matter of keeping these factors at a level that will benefit you.

Get Your Own Policy

August 22nd, 2009

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Auto insurance provides complete protection against the loss that happened as a result of vehicle accidents. Normally it includes car insurance and motor insurance. The customers purchase this insurance policy just to reduce the risk incurred due to accidents of cars, trucks and other vehicles. People can also secure their vehicles against theft, fire damage or accident damage.

Auto insurance policy may cover insured party, insured vehicle as well as third party that are involved in the accident. Sometimes policy is valid for certain circumstances. Different policies are available for the customers and they can purchase anyone as per their requirements. Coverage levels can vary for each auto insurance policy.

Insurance is one of the essential things to secure you, your family as well as your vehicle. You have to just pay a certain amount of premium for a fixed period of time and then the insurer agrees to pay you for any kind of damages or loss of your vehicle. Cost of an insurance policy totally depends on the coverage because your policy covers more only if you pay more.

Auto insurance is expensive because it is the best way to secure you and your automobile. Main types of auto insurance are as follows:
Fully Comprehensive auto insurance policy
Third party (fire & theft)
Third party insurance
Specialized car insurance

People mostly purchase fully comprehensive auto insurance policy as it covers all types of cases like theft, accident and other damage. It is an expensive policy but whenever you go to buy this one you should try to get 100% security for your vehicle. Third party insurance is cheapest than others and it offers coverage only if you are at fault and hit other party. It is the best option in case you owned an old vehicle.

Specialized car insurance is for the 25 years old vehicles. These vehicles require special services so these are categorized as classic. An individual can choose the best as per his/her requirements. But whenever you go to purchase these policies you have to be sure about the source from where you are going to buy the insurance policy. You should first make you budget means how much you can afford to pay for auto insurance policy premium.

After deciding your budget, make a decision on amount of coverage that you want for each accident. You should tell your requirements to different insurance companies and agents. You should discuss your problems with the companies. Then choose the best among them means select that company which is ready to give more coverage. You can also search on Internet for the best service providers.

Sunday, August 2, 2009

How Do I Choose an Auto Insurer?

Everyone that owns and operates a motor vehicle needs auto insurance. There are so many auto insurance companies out there today and all of them claim to have the best rates and the best service. With so many choices, how do you go about really finding out which auto insurance company is right for you? A little investigation can go a long way in helping you select the best insurance company, saving you money and headaches in the future. If you need your auto insurance to work for you and provide coverage in the event of an accident, then choosing an auto insurance company is about more than just finding the cheapest rate.

If you are in the market for auto insurance, it is wise to gather information about the potential insurers you are considering. Some of the information you will want can be obtained easily online, for example, though it is not the only consideration, you are going to want to get some quotes from auto insurance companies. For most insurance companies this can be done by filing out a form online.

In addition to rate quotes consider the following information:

How are they rated by J.D. Power or A.M. Best? Ideally you would like to be insured by a company with a Superior rating.
Are there any official complaints to be concerned about? Since auto insurance is a regulated industry, your state government department of insurance will keep information about any consumer complaints filed with them. This information is available on their websites, or perhaps upon request via phone call. Be wary of insurers with numerous complaints.
What do online consumer reviews have to say? See what is being said. Reviews are helpful as they often provide a history and status for the insurance company as well as offering information about their services.
What do the mechanics say? Head down to your local auto body and repair and ask them about their working relationship with various insurance providers and who they feel is the best. This will give you idea of how smoothly things will go with an insurance company if repairs become necessary after an accident
What other services do they offer? If a company offers multiple types of insurance, chances are they offer bundled services with lower rates. Even if they only offer auto insurance be sure to inquire about other discounts, such as safe driver and multiple vehicle discounts.
Will they be around to pay your claim? Always examine an insurer�s financial situation. You can find this out through multiple sources, sometimes from reviews or the companies own website, otherwise financial news and information websites may provide what you need. In any case, you will want to make sure they are going to be sticking around and can afford to pay their customers claims.

Auto Insurance Quotes

AutoInsuranceRemedy.com is a full service auto insurance site. It includes information about the different kinds of car insurance policies and rates, plus ways to shop, compare and save on car insurance quotes. Our network of over 1000 licensed insurers and agents will provide you with up to eight quick online quotes from one simple form, often at a substantial discount. To compare cheap car insurance quotes, begin by filling out our short insurance form above.

Below you will find some basic information all drivers need to know