Monthly Archives: August 2018

Affordable Auto Insurance

While it is true that one can have a hard time getting affordable auto insurance, there are several things that you can do to make this a reality. However, they require effort and commitment on your part. If you desperately need cheaper auto insurance, read on.

Let’s start with how you impact the affordability of your auto insurance premium. If you are a good student, B average or better, insurers will respond favorably and offer some discount on the premium. So get those grades up or get proof of your current standing to your insurer and see what that produces.

An auto insurance premium reduction is also a possibility if you have a clean driving record. Now that means not only no accidents but also no infringements. How hard can it be to drive well? Unfortunately, for some people it is very hard, but there is hope. Take a defensive driving course. Yes, you have to pay for the course, but what you learn will help to make you a lower risk on the roads and impact your auto insurance in a positive way year after year.

That takes care of those irritating and costly fender benders but not the infringements. You have to make yourself notice the road signs, but a defensive driving course should also make you more aware of the potential for deadly accidents and how obeying the road rules reduces this risk. With all this knowledge and a demonstrated commitment to staying accident and infringement free, auto insurers will want your business. Demand a discount in exchange.

Now the car you drive plays a part in getting affordable student auto insurance, too. If you drive a cheaper car, you may have inadvertently bought more auto insurance than you need. There is a lot to understand, so it happens.

You need liability insurance no matter what you drive. This is set by the state you live in and is basic coverage. It covers you for Property Damage Liability and Bodily Injury Liability, so that in the event you cause a crash, you can make good any damage to the property of others and cover their medical bills.

Now if you are wondering how you cover your own property and person, that is another matter. If you have good medical insurance coverage, check out whether or not it covers you in the event of a car accident. If it does, why pay more to duplicate coverage you already have? If not, buy it as part of either your auto or medical insurance.

Your wheels are a different matter. They are covered by comprehensive and collision insurance. If you car is holding together by the exertion of your will alone, it would be a waste to pay for these two types of coverage. And there is a significant savings. But if you crash the car, you get nothing, so keep that in mind.

These are just some of the many possible ways to reduce your auto insurance premium. Pursuing every avenue such as the ones above will get you on the road to the best insurance coverage at the cheapest price.

Tips To Cut Down Your Auto Insurance Rate

Just as it is a known fact that having insurance for our autos is mandatory and important, so also over-insuring them would be undesirable and a total waste of resources. In addition, putting price first when deciding on the type of auto insurance policy to opt for wouldn’t be the best but however, there is the need to keep our auto insurance rate at the barest minimum in order to have savings which could be spent on other financial commitments. This article is therefore meant to give out tips on how to keep our auto insurance rates down and these are as follows:

Keeping It Down From The Outset

One of the ways to keep auto insurance rate down is initiating it at the point of vehicle acquisition. When deciding on the kind of car to acquire, buy a car that is in the favored list of most auto insurance companies. The ones in their favored list will be those that are not prone to theft and problems, most insurers are very conversant with such cars, so try to avoid this if you can, because it could attract high rate.

Know The Basic Policy And Avoid Unnecessary Coverage

The minimum requirement of auto insurance policy in most state is liability coverage (know the one that apply in your environment) and this might just be exactly what you need. For instance, you may not need both comprehensive and collision coverages if your car has no much value or if such car won’t cost much to replace or repair. More so, towing and labor would be unnecessary if you can adequately take care of that. Avoid rental reimbursement since you can always make do with alternatives. In other words, avoid coverages that can not give value for money spent.

Ask For Available Discount From Your Insurer

Auto insurance companies do have variety of discounts, some of which may include discounts associated with cars with safety and anti-theft devices, accident-free driving, short-mileage or not driving often, insuring more than one car, etc. All you need do is ask your insurer of all available discounts, note the ones that apply to you and take advantage of such.

Drive Carefully To Have Good Driving Record

Most auto insurance companies are not comfortable with reckless and accident-prone drivers and they exhibit this through high auto insurance rate, conversely, someone with safe driving history would stand a chance of enjoying low rate.

Increase Your Deductible

Deductible is that money you pay out-of-pocket before your insurer share of cost kicks in and this, mostly applies to holders of comprehensive and collision coverages. This will become more effective if you have safe driving record and probably not driving too often. Paying high deductible will of course lower your auto insurance rate

Know Your Other Insurance Policies

Be conscious of other insurance policies if you have any, to avoid overlapping of policies which could cost more. For instance homeowners and comprehensive health insurance policy may also cover damages arising from auto accident, therefore you need to know what each of all your insurance policies cover.

Common Types of Auto Insurance

If you are looking for articles that discuss the types of insurance of auto, then you have come to the right page. Understanding them in depth will help a motorist decide on which kind to choose. Although in some countries this is not mandatory, in some other states, they are so. Besides, there is a big difference between a car which is properly insured than one that is open for any possibilities. If you are one of those who just recently brought home a car, then the best advice you can get is to look for the types of insurance of autos, familiarize them and then make your own decision as to whether to get a policy or not.

But before setting forth the five common types of insurance of autos, it would be better to first lay down the particular reasons why getting a policy is better than not having one. Mainly, that is why there are certain states which require their motorists to get their policies because of the fact that not all of them are actually insured. This is why in times of traffic accidents, most of the time, those who are not at fault still has to bear the burned of financial costs. Later on the types of auto insurance, one will know what is the basic policy which is made affordable to every driver.

Another good reason why getting an insurance of auto is a good start is that when you are already insured, you will have more confidence in driving down the road. There will be no doubts in your head or fear for the burdens that you may have in the near future. For one things is sure, no matter how careful you are in driving, and no matter how clean your diving chit is, there are really circumstances which will lead your car and even yourself to be damaged and injured. Thus getting to know the different types of insurance will already be a preparation for a future transaction.

The basic type of auto insurance is called liability auto insurance. In this kind of policy, once you collide with another and it is proven that it is your fault, then you get to pay the costs done due to the injury of the other motorist. This includes the damages done on the third party too. Most of the time, this is what is required among government employees. These bodily injuries necessarily include medical bills. The second type of auto insurance is the comprehensive auto insurance. As the term implies, it includes a wide range of benefits. Incidents like storms, windshield replacement, hitting an animal, falling trees, vandalism and theft are only few of the situations in which this policy covers. Collision auto insurance on the other hand refers to the impact done by a third party in your car or vehicle. The amount that will be given to you is the deductible you have declared plus the actually cash value of your vehicle. The last kind of the types of auto insurance is a coverage for the uninsured. This means that once you have collided with another who has no insurance policy, then you can ask for the policy benefits.

Auto Insurance Mistakes

Have you ever made a terrible mistake due to the sheer lack of knowledge? Have you later wished someone had warned you before-hand? Well, that’s exactly what we’re doing today. In order to save you from unprecedented grief and debt, we’ve decided to explore some of the most common and costly auto insurance mistakes.

Not getting any

People pose several justifications for not doing so, ranging from “Nobody can tell me what to do!” to “I’m the safest driver in the country and will never cause an accident.” to the most frequent, “I can’t afford it.” Are these your favorite excuses for making this mistake? Well we have news for you.

  • First off, the government can and will tell you what to do and it says that you have to have valid auto insurance in order to drive. Still feel rebellious? Well, go right ahead but keep in mind that you will be penalized if caught driving without car insurance. Common penalties include and are not limited to having your license and registration suspended, having your car impounded, and getting an expensive ticket. Not so tough now, are you?
  • For those who think they are the safest drivers on the road, kudos to you for having such a high level of self confidence, but no matter how great you think your driving skills are, remember that anybody can get into an accident. And if you’re found at fault or the other party is also an uninsured motorist like you, you’ll have a world of financial problems to contend with, not to mention the aforementioned penalties attached to driving without insurance.
  • Yes, times are hard, the economy is still in shambles, and spending your hard-earned money on insurance (which you may never need) seems like a complete waste. You genuinely may feel like you can’t afford auto insurance. But consider this: Can you afford thousands of dollars in medical bills and damages? Because that’s the risk you take every single time you drive without auto insurance.

Not getting enough

So now that we’ve convinced you to purchase car insurance, let’s take this one step further. How much is enough? The minimum amount of car insurance every driver is required to have varies from state to state. While most states require some amount of liability coverage, which covers damages caused to another person’s vehicle, property, or person, some states require that you carry PIP (Personal Injury Protection) coverage as well. While this is the minimum required to legally drive a car, it may not be enough. The minimum required auto insurance may not cover theft/vandalism of your car, collision into posts, trees, animals, etc., or damages due to rain, etc. For your insurance to really serve its purpose you should at least have collision and comprehensive coverage, in addition to the state mandated liability and PIP (if applicable). Don’t skimp on auto insurance coverage; it could set you back by thousands of dollars, and your insurance policy won’t be able to help you out.

Picking the wrong insurance provider

Let’s tackle the next hurdle: choosing the right insurance provider. Yes, we know that the internet is littered with ads for ‘CHEAP INSURANCE QUOTES’, but falling into their trap may not be the best idea. When picking an insurance company, don’t choose a company simply because it gave you the cheapest deal. An obscure, unheard-of insurance company is not likely to have the funds, means and inclination to handle a claim the way you need. Besides, a common ruse is to lure people in with cheap auto insurance premiums initially, only to raise the rates later for absolutely no reason. Opt for an established, reliable, well rated auto insurance company that offers you affordable automobile insurance quotes and thorough coverage. If you’re going to be paying premiums every month, look at car insurance companies that will handle your claims seriously, efficiently, and effectively. You’ll save money in the long run and enjoy a greater peace of mind.

Rash/drunk driving

Just because you have purchased full auto insurance from a great provider, doesn’t mean you can now proceed to crash into the first car that brings out your road rage, or drive while you’re inebriated (translate: drunk). Yes, you can file a claim with your company and have the damages taken care of. But that is if you have adequate coverage and if your claim is approved. Also, making a claim tends to raise your insurance premiums. Furthermore, if you cost your insurance company too much money, or exhibit behavior indicating that you will do so in the future, they will not keep you around as a client. Yes, you can look for new auto insurance providers if this happens, but good luck finding someone to represent you if your driving record is sullied with DUI’s or other major offences. Remember, a clean driving record will get you the best auto insurance rates out there.

Opting for a Deductible you can’t afford

Many people decide to reduce their insurance premiums down by opting for a higher deductible. However, please keep in mind that in the event of a claim you will actually have to pay this deductible. While you may never have to file a claim, you must prepare for the day you might. So make sure you can actually afford to pay the deductible you sign up for.

Neglecting to make payments

Set a reminder on your phone, circle the date on your calendar, keep a certain amount of money aside every month so that you don’t run out; do whatever it takes to pay your insurance premiums. Failing to make your insurance payments on time will result in termination of your policy and this will leave you completely uninsured. Any damages you or someone you crash into sustains from this point onwards are your own burden. Also, if your policy has been cancelled due to non-payment, other auto insurance companies will be wary of taking you on as a client.

Lying to/ withholding information from your agent

You may be tempted to misrepresent yourself or your vehicle to your auto insurance company in order to save a few bucks but trust us, it’s not worth it. Be honest about purchase price, condition, modifications, tickets, accidents, miles driven, and pretty much everything regarding your vehicle and its use. Anything less than full disclosure can be construed as fraud.

Not reading your policy (Yes, you need to read EVERY word)

Yes, it’s long. Yes, it’s tedious. Yes, some of the font is really tiny. But you must read EVERY word, especially the fine print. Why? So that you know exactly what to expect from your auto insurance provider and don’t get any nasty surprises later on. For example, you may think that your insurance provider will cover the costs of a rented car if you get into an accident that prevents you from driving your own vehicle. But on having this situation occur, you may find that your policy doesn’t include this service. Similarly, you may be eligible for several discounts and privileges that your auto insurance agent has conveniently neglected to mention. But if you read your policy carefully, you’ll know about your rights and privileges.