Tips Car Insurance

September 10, 2016


Car insurance makes a lot of people annoyed especially when it’s time to pay the premiums. Most people tend to think that they are overpaying for car insurance they don’t really need. And while some people realize that car insurance is really a useful thing after dropping it, having an accident and forced to pay for the damage out of own pocket, most people still think that their car insurance rates are just too high beyond being reasonable. If you’re one of these people who are in need for cheaper car insurance you can use the following methods to reduce your costs effectively and legally:

Drop the coverage you don’t need

If you’ve financed your car through a loan it’s very likely that you are now carrying a fully comprehensive policy. While this type of policies is certainly a great choice for those who need coverage against all possible perils it still remains to be the most expensive one. So, if you’ve already paid off your loan you may review your policy and exclude additional coverage options you don’t really need. For example, having a collision and comprehensive coverage is great but when your car still has significant market value because the amount of coverage depends on this value. If your car is several years old you might as well drop these coverage types because they won’t pay you as much as to replace your car in case of a serious accident.

Shop around

Different companies will give you different car insurance quotes for the same coverage amount. That’s because all companies use different methods for calculating their rates and have different claims statistics that they use to determine how risky a customer is and how much they should charge him. So try getting as many car insurance quotes from different providers as you can and compare them. This way you get a really good chance to find a policy that will be both affordable and carry enough coverage to meet your needs.

Get the discounts you deserve

This method is overlooked by many customers but it can really help you save a lot of money. Car insurance companies may not tell you about all the discounts they have but it never hurts to ask. Some of the most common discounts you may opt for are low mileage discount, good driver discount, multiple car and multiple policy discount, good student discount and many others.

Car Insurance Quotes And Young Drivers

September 1, 2016


It makes no difference what the activity, when you’re learning something, you make mistakes. On the football field, it makes no difference if you crash into other players. You’re all players together and no innocent members of the public are at risk. But if you apply the same approach to driving, there can be a lot of innocent victims. So insurance companies group all inexperienced drivers together. The younger the driver, the higher the premium. But, as time passes, and you build up a track record of safe driving, the rate comes down. There’s a general policy to review your safety record on a regular basis between 17 and 29. In general, all drivers under the age of 25 pay the highest rates but, assuming no accidents, the rates will slowly scale down. Single males are judged the most dangerous. The statistics show young female drivers are significantly safer.

The rates come down faster if you marry and have children. Now as the owners of vehicles likely to be carrying your family, you are assumed to have a safer approach to driving. Even if you don’t marry, you still earn a lower rate if you’re the owner of the vehicle. It’s assumed you’ll drive your own vehicle more carefully. This leads to a more general point. If parents insure their children, they pay the penalty if there are accidents or convictions. Premium rates are likely to triple or cover may be refused if underage children are caught driving while intoxicated. The same can apply if they are caught for underage drinking even while not driving. The parents are likely to face nonstandard rates or surcharges. Perhaps curiously, DWI/DUI convictions can also affect other home-based policies like those covering a jetboat or snowmobile. These higher rates will stay in place until the child leaves the home and will no longer be a driver of the family cars. This makes it better to encourage younger drivers to take out a policy in their own names. The sooner they learn the cause and effect of financial responsibility the better.

Remember that, in many states, there’s an open records law and many convictions by young people are not considered confidential. The states will disclose anything relevant to an insurance company on request. So whether the application for insurance is made by the parents or the children, the fact of convictions is likely already known. If you find it difficult to find coverage, many states also operate a program to support high-risk drivers. If you are being refused, apply to the local office of the Insurance Commissioner and you’ll be assigned to a local insurer. Because this is a “forced” insurance, the insurer will usually charge a top rate but some cover is better than no cover. If you manage to go several years without a claim, you should shop around. Get car insurance quotes from as many different insurers as possible. As soon as you start receiving quotes and the rates are falling to more reasonable levels, your rehabilitation is complete and you can apply for regular cover. As with all services where there’s competition, auto insurance for younger drivers is available at lower premium rates if you look around and talk to as many agents as possible.

Car Insurance Quotes For Special Cars

August 10, 2016



Owning a classic or retro vehicle is certainly a great thing especially if you love cars and appreciate the history of this industry. There are countless classic car appreciators and enthusiasts all over the country many of which devote their time and money into restoring and repairing old cars. The beauty of a vintage vehicle that has been returned to its original functioning state or taken on a new level with better equipment used in them running the roads is definitely rewarding both for the car owner and the people who see it. Yet there’s a bitter pill to swallow when you own such a car as well since getting car insurance for a classic or vintage car can be challenging at times and may require you do be more picky about the insurer to buy from.

It’s not that ordinary car insurance providers don’t service vintage or classic cars, they actually do. Still you will have to go to an independent appraisal service in order to determine the actual value of your vehicle as opposed to its market value (that diminishes with time and is rather low with vintage or classic vehicles). After getting an appraisal that takes into account the money and work invested into restoring the vehicle your insurance company will issue the requested policy with the amount of coverage you needed. The problem is that if anything happens to your car they will send it to a typical repair shop that will certainly lack the equipment and staff that would be able to adequately repair your vehicle. That’s certainly off-putting if you have spent hundred of hours in the garage and don’t want anyone to ruin your whole work. If that’s the case you should look for a specialized car insurance provider.

Specialized car insurance companies are present in all states. And while having less customers which usually leads to higher Car insurance quotes they are known to offer adequate services and have vintage car repair experts at their disposal. Of course shopping around also makes sense with such companies as they will give you the chance of getting a cheaper policy but since there are less customers involved there won’t be such a prominent difference in the rates you’ll get from different providers.

Still no matter what type of insurance company you choose to get your policy from there will be certain limitations with your coverage. One of the main limitations is your yearly mileage that should be rather low. Another important requirement is the storage conditions of your vehicle as it should be kept in a garage. But since most vintage and classic car owners don’t use their cars as ordinary everyday vehicles that shouldn’t be a big problem. Taking that such cars are mostly used on special occasions and often get delivered to fairs and expos with special trailers such rigorous requirements won’t be off-putting as for ordinary vehicles. So it really depends on the extent of work and the special requirements you would have towards the expertise of repair shop workers when choosing an ordinary or specialized insurance provider.

Car Insurance Quotes And Timing

July 10, 2016


As car owners and mandatory insurance company customers we all know that comparison shopping is crucial for finding affordable policies for our cars. Every now and then we are forced to start comparing quotes from different providers simply because it gives us a chance to get a policy for the lowest price possible. Sure, this method gives certain benefits and delivers a significant money saving potential. However it is really important to use it right and most important at the right time. So let’s learn a bit about proper timing when it comes to shopping around for auto insurance in order to avoid making unpleasant mistakes.

Most of us remember about renewing the insurance policy when the term has already passed and you have no choice but to renew the current policy with your current provider. Comparing car insurance quotes as this point doesn’t make any sense because it will be a simple waste of time. Sure, if you’ll manage to find a good deal you can cancel your current policy and buy a new one. However don’t be surprised to get a higher rate with your new policy after buying it because your old provider will make an entry about your late cancellation and other providers will know about it. And that’s definitely not what you want when comparing car insurance quotes in the first place. It’s all just a matter of right timing when shopping around.

The best time for doing your comparison shopping is several weeks prior to the renewal date of your policy. You can actually cancel your policy in 30 to 45 days before the renewal date (depending on your provider) without receiving any penalties. So this is the best time to shop around for a new policy. If you happen to find an offer that is more competitive you should closely study its contents, buy it if it really suits you and notify your current insurance provider regarding policy cancellation. Don’t do it without buying the policy or after the renewal date comes because you either risk being uninsured for a period of time or ending up with a penalty for breaching the contract provisions of your old policy. You may think that several days without proper auto insurance won’t be much of a problem since you probably don’t use the coverage at all. However it may happen that during this period you will have an accident and will be forced to cover the costs out of own pocket. Do you want to take such a risk upon yourself?

Comparing car insurance quotes is definitely one of the most effective ways to get a good policy. And it’s really simple these days with all those sites offering free quotes to compare. Just make sure you get the quotes from companies working in your state and that you’ll buy a policy only when the right time comes. This way you can save a lot of money on insurance rates so it’s in your own interest to be calm and precise when doing it.

Car Insurance Quotes And Lower Premium Rates

June 10, 2016


Every driver wants to strike a balance when it comes to insuring their vehicles. We all want to pay as little as possible. Indeed, some may be resentful there’s a mandate for liability insurance when unemployment remains so high and the pay offered by employers is low. The problem is cheap insurance usually means poor value. Yes, you get some cover, but there are likely to be problems in the small print of the policies and the claims process is often difficult to get through. Insurers prefer to take your money and not pay out. The more difficult it is to make a profit, the more difficult it is to get full value on a claim. So it’s better to pay a little more. This buys better terms in the policy and a more sympathetic welcome when you make a claim. That said, how do you get the most affordable rates?

It all starts with your own safety record. If you’re involved in multiple accidents and claim large sums of money, the insurer will either hike the rates or refuse further cover. The same applies if you’re suddenly caught for some more serious moving violations. In some states, picking up any ticket entitles the insurer to surcharge, i.e. add an extra fee for continuing the insurance. With convictions for driving while intoxicated or under the influence, you instantly become a high-risk driver. Insurers will cancel the policy if you pick up more than an average number of criminal convictions. Remember the insurer checks your claims record and has access to the public records of criminal convictions, so it does no good to lie on your application. Once the dishonesty is recognized, the insurer will either refuse cover or cancel the policy. In some states, the safety record extends to all the members in a family. So although you and your partner may be safe, any children or relatives who regularly drive your vehicles can pull down the rating.

Then check out the discounts. Most insurers reduce the rates if you insure more than one vehicle or package the auto and home insurance together. Going back to your safety record, you earn a discount if you stay safe, making no claim and picking up no tickets. You may also be rewarded if you’re a non-smoker, have a good credit score and have a good GPA as a student. Now look at the safety of the vehicle itself. Some makes and models have better safety records and lower rates. If you have seat belts, passenger airbags and anti-lock brakes, there are usually discounts on the elements of the policy covering personal injuries. If in doubt, talk to an agent of the insurer or pick up the telephone and ask what discounts are available. Another standard strategy is to accept a higher deductible. Before you agree to this, ask yourself whether you could afford the cash payments if there are several accidents in a short period of time. Play your cards right and you should receive lower car insurance quotes. If the rates still seem high on the first set of quotes, change some of your decisions on make and model, the amount of the deductible, etc. Hopefully, the next set of car insurance quotes will be lower.