Posts Tagged ‘auto insurance premiums’

How To Get Affordable Auto Insurance in California?

Published by author on May 28th, 2009 - in Need auto insurance

Reader’s Question:

I need to take note of the important things that impact my auto insurance premiums here in California, will you help me out on that?

Rafael

Fremont, CA

There are mainly five negative and positive things that could impact your auto insurance premiums in California. The negative things include:

Accidents
You will be considered high risk by auto insurance companies if you have been to a lot of accidents, thus getting higher premiums for your auto insurance.

Speeding Tickets
You will also get higher rates on your auto insurance if you have a lot of traffic tickets and speeding violations.

Bad Credit History
You will be considered irresponsible and higher risk by auto insurance companies if you have a bad credit history.

Age
Most drivers under the age of 23 get higher auto insurance rates than other drivers.

Adding a Teen Driver
If you are a parent and has a teen driver listed on your auto insurance policy, this means higher premiums because statistics show that teen drivers have high accident rate.

To turn these things around, take note of the following positive things to get lower auto insurance premiums.

Safety Devices
Installing safety devices on your vehicle would definitely help you get lower rates on your auto insurance.

Garage
Make sure that your vehicle is parked in a locked garage during night time to avoid theft and vandalism.

Low Mileage
The less you drive, the lower the risk of getting into an accident, thus lower auto insurance costs.

Extra Brake Light
To aid in avoiding other drivers to bump into you from behind, make sure you install this in the rear windshield.

Safe Driving
If you don’t get into accidents and be a safer driver, most auto insurance companies will reward you with discounts.

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Need To Get Cheap Car Insurance Rates – How To

Published by author on May 26th, 2009 - in Need auto insurance

Reader’s Question:

I’m helping my boyfriend find low cost car insurance. What should we do?  We need cheap car insurance like today!

Rose

Atlanta, GA

Believe it or not Rose but getting cheap car insurance is quite easy. Here’s how.

First, you need to remember that your boyfriend’s driving records plays a significant role on how much he will be paying for his auto insurance. Insurers will dig into his driving records to see any violation or accident he’s been involved with. This includes minor violations like parking tickets to even serious like a DUI conviction. The more violations and accidents your boyfriend has, the higher his auto insurance premiums will be.

Second, your boyfriend’s credit score also has a say on his insurance rates. If there are unsettled loans, he better start cleaning up his credit history to get lower auto insurance rates.

Third, it could also help him get better insurance rates if he would drive his car less frequently. With that he could get a discount for low annual mileage.

Fourth, get a secured parking place for his vehicle. If your insurer found that his parking place gives enough protection to your boyfriend’s car then he may also enjoy getting lower auto insurance rates.

Fifth and lastly, get safety devices like airbags and car alarms and have those installed in his car. These things would also help you find better insurance deal for your boyfriend.

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Should You Buy Auto Insurance On The Internet

Published by author on May 26th, 2009 - in Need auto insurance

Reader’s Question:

I know that the Internet offers a lot of things and that even includes purchasing my auto insurance from the Web. I need help about getting my insurance policy from the Internet. Can you help?

Annie

Sacramento, CA

Sure Annie! Buying your auto insurance from the Internet is very easy. You just need to have a computer plus an Internet access and voila you have your insurance policy!

Getting your insurance policy online can be pretty easy but you must remember to make sure you’re getting the right thing. I know you’re looking for an insurance deal that can meet your demands at a very reasonable price. That’s why you should make sure that before buying your auto insurance online, you know the required auto insurance limits in your state and what you really need.

If you have those, then it’s time to determine on your budget. How much are you willing to spend on your auto insurance?

Now, consider your deductibles. This, by the way, is the amount that you’re supposed to pay as part of your insurance claims. This affects your auto insurance premiums in the way that the higher your deductible the lower your insurance rates and vice-versa.

If you’ve decided on your deductibles, it’s time to visit auto insurance websites. Normally, you’ll get several insurance quotes by just visiting a single insurance website. You’ll be asked for basic information like zip code, name, age, birth date, etc. Once you’ve given those information, you’ll receive your auto insurance quotes from different insurers.

And it’s time to compare the best insurance quote that you got. Make sure to compare carefully – this not only including price alone but also coverages, terms and conditions, and benefits. Also, it’s important to make sure that you’re getting your insurance policy from a reputable auto insurance provider.

If you’ve already chosen the best auto insurance policy that you’ve found, it’s time to purchase your insurance policy. Complete the transaction by following the instruction you see on the web. Then you can have the copy of your insurance policy be sent to you right away either through email or fax.

See, that’s how easy you can purchase your online auto insurance. Start getting your online insurance quotes by visiting the websites now. Enjoy shopping!

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What Causes Your Car Insurance Premium To Increase

Published by author on May 26th, 2009 - in Auto Insurance Saving Tips

Reader’s Question:

I was wondering how car insurance is calculated by insurers and if you think it would be possible to know your rate based on the information to determine how much or how little a rate may be for a certain individual?

Marion

Philadelphia, PA

Car insurance companies base their calculation on statistics regarding your likelihood to get involved in an accident. These data are acquired by your carrier from government and private sources. Companies will usually classify your risk as:

Preferred: you are least likely to meet a road accident or other incidents that result to damages on your vehicle.
Standard: while you aren’t the safest motorist in town, you are not that awful either.

Non-standard: this tells you to be more cautious with your car because you are very likely to file a claim, something that nobody really wants.

So now you are wondering how come your company thinks you are prone to vehicular accidents. Take a look at the factors below that affect your car insurance rating:

Age

All insurance carriers charge teens higher than more experienced drivers. Statistically, drivers above 25 years old have less accident records than drivers under that age. Drivers aged 50 to 65 are rated the cheapest in relation to age. It is unfortunate that car crashes are the top cause of death for teenagers, especially 16 year-olds.They are three times more likely to engage in a fatal accidents.

Gender

Car insurance carriers are not gender biased-it’s pure statistics. Female drivers meet lesser accidents than male, plainly because males drive 60%-65% more.

Marital Status

Married drivers are granted lower rates because they have lesser claim statistics.

Geography

Car insurers do look into police records, or at least not literally. They charge higher to customers who reside in areas that are prone to theft, fire, and other non-collision related damages.

Vehicle Usage

Cars used for business, e.g. product delivery, are given more expensive rates. The opposite is true for cars used solely for leisure. This is because they are least used and the probability for accident is lesser. Therefore, your work will affect your rating.

Other variables for your car insurance premium are:

  • Vehicle type, make, and model: more expensive means higher rates
  • Education: its pays to take advance driving courses
  • Distance from home to work
  • Years of driving experience
  • Credit record: pays to have a clean one
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Ways To Cut Your Car Insurance Cost

Published by author on May 26th, 2009 - in Auto Insurance Saving Tips

Reader’s Question:

I do not have the budget for continuing my auto insurance. Can I just be safe on the road and will not get car insurance?

Jane

Detroit, MI

No. First of all its illegal to drive without proof of financial responsibility. People want to reduce anything that makes us painfully spend more, including car insurance. Read on and learn ways to save on car insurance.

When shopping for car insurance, always compare, compare, compare. The technology today has afforded us ways on easier insurance shopping. Use your favorite search engine and be on the hunt for car insurance deals that doesn’t make you cringe. Compare at least three or four insurance companies. Cheap doesn’t mean substandard. Don’t let your quest for a good deal be waylaid by shady insurance companies. Do background checks. Does the company have numerous consumer complaints? How is the credit rating looking?

Consider getting all the available discounts. Bear in mind that discounts differ from one insurance company from the other. State laws also differ. Take defensive driving classes, and a 10% is taken from your premiums. Installing safety measures on your car merit discounts as well. Bottom line is, do your homework well. Know your basic state laws; you’ll be surprised how much discount you can avail.

Increasing your deductibles helps. A deductible is the flat amount an insured incurs before the companies make benefit payments. Since insurance is meant to pay the bigger amounts you can’t handle, it is wise to increase your deductibles. This drastically lowers your premium.

Purchasing the right vehicle counts a lot. Check the car reputation before buying anything. Do thieves prefer this car model over the other? How are the repair costs? Should you buy a brand new vehicle? Has a second hand vehicle crossed your mind? There are “safe” cars. The web is a rich source of information. Let your fingers do the work. Research and compare.

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What Auto Insurance Coverage Should You Buy

Published by author on May 23rd, 2009 - in Need auto insurance

Reader’s Question:

Im having a hard time deciding on what car insurance coverage to choose. I need some help on how to determine what car insurance coverage to choose.

Carl

Kansas City, MO

On purchasing insurance, one of the first few things you have to decide on is the auto insurance coverage. The coverage you will opt of must comply with your state’s least requirements. However, you may decide to go above the requirements and obtain further coverage which might serve you well in the future. Reflect on how much you will call for before picking any of the following auto insurance coverage:

1. Bodily Injury Liability

This covers you if you initiate an accident that result in other people’s injury or death. This will also covers you from charges should the injured party choose to take legal actions against you. Since this coverage involves persons, it is quite expensive.

2. Property Damage Liability

This covers you when you damage another person’s vehicle. Same goes if you plow a fire hydrant, a tree, a fence, or any other non-moving object.

3. Collision Coverage

This settles your bills when you car gets damaged in a crash with another automobile and immobile objects as well. You are not obliged by law to obtain this. However, it will help to have personal protection for your vehicle, especially if you are driving a Ferrari.

4. Comprehensive Coverage / Other than Collision

This shields you should your car get damaged from causes other than collision. This covers damages caused by natural phenomenon such as storms, earthquakes, hale, etc. This also protect you from fire and theft. If you are residing in a neighborhood that is prone to theft or natural disasters, expect your premium to be high on this one.

5. Uninsured Motorist Coverage

Assists you if the uninsured passenger in your car obtains injury during an accident.

There are further car insurance coverage but these are the most common and important. Take time to do research and decide prudently which coverage you will avail.

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DUI Auto Insurance

Published by author on May 22nd, 2009 - in Need auto insurance

Reader’s Question:

I got a DUI here in Massachusetts a long time ago that caused my auto insurence premiums to go up. Now I can say that my premiums are back to normal after my DUI. If in case the auto insurence policy is not under the DUI offender’s name, will the rates still go up for the policyholder?

James

Worcester, MA

Auto insurence premiums increase accordingly after a driver has gotten into an at-fault accident caused by DUI or driving under the influence. The rating systems differ by state laws and auto insurance providers but if a driver is convicted for DUI, the rates may double or even triple in some states.

If you are a driver listed under another driver’s auto insurence policy, the premiums of the policyholder could be affected by your DUI. The driving history of any licensed driver on an auto insurance policy or in a household could also influence the auto insurance rates and the judgment of the auto insurance provider to insure the vehicle. A number of violations could cause an auto insurance provider to decline you or the policyholder for coverage or to pay high risk insurance rates.

If a driver in Massachusetts has a bad driving history, he/she will be considered of higher risk by auto insurance provider than someone who has a clean driving history, thus having a hard time getting auto insurance cheap. In cases like the auto insurance premiums go up because of a DUI of a listed driver, they would have to shop around to pay auto insurance cheap.

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Teen Driver Auto Insurance

Published by author on May 21st, 2009 - in Need auto insurance

Reader’s Question:

I have been told a lot of times that teen driver auto insurence is the most expensive. That’s the reason I’m so worried for the cost of my teenage son’s auto insurence here in Oklahoma. What options do I have for insuring my son’s vehicle and how can I get cheap auto insurence quote for him?

Oscar

Tulsa, OK

Teen driver auto insurance is the most expensive because teenagers are observed to have the highest risk to auto insurence companies because of the number of at-fault accidents they are involved with. Insurers want those who are 16-24 years old to lessen their driving by charging them higher insurance premiums.

For you to get cheap auto insurance quote for your son, you could add him to your current auto insurence policy if he already has his permanent license. This might still be expensive but he can be able to get available auto insurance discounts being a driver on your policy. Make sure as well that you son only drives a used economy model vehicle to make sure that he won’t get an auto insurance quote that is sky rocketing. Older model vehicles are usually seen to be lower risk to auto insurance companies, thus getting your son lower auto insurance rates.

As with drivers on other age brackets, teen drivers can be able to get affordable auto insurance by shopping around with different insurers. Ask for various quotes from them to help you decide whether you will add your son to your own auto insurance policy or get a separate policy for him. Always remember that auto insurance is such a competitive business so everyone will be battling around to offer you the best auto insurance premiums for your teen’s coverage.

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How To Get Cheap Auto Insurance

Published by author on May 16th, 2009 - in Need auto insurance

Reader’s Question:

How can I get cheap auto insurance?

Claire

Los Angeles CA

Get to have a better list of auto insurance prices by shopping around. Each auto insurance company might have different rules in rating your auto insurance premiums and the price difference could be highly significant among them. It is only with quote shopping that you would be able to identify which company is offering the best deal for your auto insurance.

After shopping around, choose to buy your cheap auto insurance policy on the web. Most insurers provide good discounts to those who prefer to purchase their coverage online. The reason behind is that you are helping the company save on their operational expenses that would have cost them when doing office transactions. Such savings is passed on to you in the form of discount when you buy online.

Maintain a good credit rating. Most insurance companies are adopting credit scoring techniques that help them identify who are eligible for a decreased premium rate. By keeping a good credit standing of your auto insurance in Wisconsin, you get the chance to avoid any possible charges on your premiums for having a bad credit score.

Pay your auto insurance in Wisconsin all in one go. If your finances allow, you can save a good amount of money when you pay all your premiums in one go rather than paying in installments with interest charges on top of it. In some insurance companies, they can give you a small discount for doing this.

Finally, the most common advise given to any motorist who wants to lower down their auto insurance costs is to keep a clean driving record at all times. You can avoid being charged of higher car insurance rates when you have few or preferably no traffic infractions. A speeding fine is not only the financial penalty that will cost you. You can also expect to have an increase on your insurance premiums. This may be easier said that done but it pays a lot to be a safe driver.

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