Posts Tagged ‘collision coverage’

Do You Need Car Accident Insurance in Alabama

Published by author on July 28th, 2009 - in Auto Insurance Questions

Reader’s Question:

How important is car accident insurance in Alabama?

Iris

Montgomery AL

Private-owned insurance providers, such as car accident insurance companies, may deserve some of the negative reputation due to their capitalistic ways of seeking out for their own benefits. However, regardless of their unenthusiastic character, they are still important to everyone – especially to those who own cars.

Car accident insurance safeguards you from future liabilities. They act as firewalls for your assets when you get involved into car accidents. You are bound by contract to your insurance company; you pay for your insurance provider now, they pay for your car expenditures later on. There are various car insurance coverage being offered. But, before you settle on a particular coverage, you have to make sure the type of coverage the plan offers.

Liability Coverage. This provides reimbursement for grievance and property damage incurred unto other people – includes medical expenses, loss of income, pain and suffering. Do not confuse yourself with this coverage for there are ground rules to take note. First, this coverage applies to properties or individuals affected by such accident – not you. Second, you must be at fault in order for the company to pay the damages for you.

Personal Injury Protection. This is not obligatory. It does not matter who got affected or what. As long as the accident occurs, this coverage applies to both you and your passenger.

Collision and comprehensive. This too is not mandatory. This covers for the repairs that your vehicle accrues after an accident. Comprehensive coverage covers when your car gets stolen, damaged by flood, fire etc. Collision coverage pays damage when your vehicle is hit by a car or object.

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Auto Insurance Third Party Coverage

Published by author on May 29th, 2009 - in Third Party Coverage

Reader’s Question:

I live here in Washington, DC and even though I have auto insurance for a long time, there are some things that I don’t understand. What does it mean when you buy third party coverage for auto insurance? Also, would my auto insurance rates be affected if I don’t bring my policy with me all the time?

Alicia

Washington, DC

It would not affect your auto insurance rates if you don’t bring your policy with you all the time. But this is highly advisable to do since you have to show it when it is asked by a police officer no matter where it was issued or which state you live in.

Third party cover only in Washington, DC auto insurance means that it will not cover you for personal injury. In the event that you have injuries or you are hospitalized because of a vehicular accident that you caused, you have to pay for your own bills in the hospital. Likewise, you will cover all the damages sustained by your vehicle. If you have other types of coverage such personal injury protection (PIP), this will cover your own medical expenses and collision coverage on your auto insurance will pay for the repairs on your vehicle. These are optional types of coverage so it would be your own choice if you buy them or not. But you have to take into account the possible costs that you have to pay if an accident happens.

If the vehicle that you own is not worth much, then you don’t need collision coverage; and you won’t probably need comprehensive coverage on your auto insurance as well which is for damages caused by things other than accidents such as flood, storm, vandalism and theft.

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Need Really Cheap Full Coverage Auto Insurance

Published by author on May 26th, 2009 - in Comprehensive Insurance

Reader’s Question:

This is quite a simple question – how can I get cheap and I mean really cheap full coverage auto insurance? I would really appreciate it if you could give me tips that are within my control. Thank you!

Aurora

Boise, ID

Hi Aurora! So for you to get really cheap auto insurance here’s what you should know:

  • Get higher deductible. Instead of getting a deductible for $200, it would be better to get $500 or even $1000 to save more on your insurance premiums.
  • It’s time to start cleaning up your credit score if you need to. Why? because your credit score affects your auto insurance rates too. The better your credit score is, the better insurance rates you will get.
  • Drive an inexpensive car. If you are fond of driving fancy cars, then your auto insurance rates will be astronomical. In the opposite driving an old and cheap vehicle will save you a lot on your insurance premiums.
  • Assuming you are driving an old vehicle, removing collision coverage could help you save more too.
  • If you have health or home insurance then it would be better to get auto insurance policy from the insurance providers you have for your home and health insurance.
  • Shop around. I guess you have an access to the Internet, so start shopping for insurance quotes. That’s your best shot in finding the best auto insurance deal. Just make sure you know how to compare auto insurance quotes the right way.

I would recommend you start shopping for your auto insurance quotes now so you could start finding the cheapest insurance deal as early as now. Good luck!

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Cheap Auto Insurance

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

Reader’s Question:

I noticed that auto insurence continue to rise over the years here in Texas. How can I keep up with it and still get cheap auto insurence?

Matthew

Plano, TX

Auto insurance keep on rising but you could reduce your financial suffering if you do the following:

Shop Around
Auto insurence fees for the same exact coverage could differ by hundreds of dollars so it’s worth it to shop around. Visiting at least three comparison quotes sites, calling auto insurance companies and asking friends are some of the ways for you to shop around. You need to try to get as much auto insurance quotes as you can and also information about certain auto insurance companies.

Raise Deductibles
It will also help you if you raise your deductible to the highest amount that you can afford. This way, you save as much as 15 to 20% on your auto insurence payment.

Get Lower Coverage for Older Vehicles
If you drive an older vehicle, you can just drop the collision and comprehensive coverage to pay auto insurance cheap.

Look for Auto Insurance Discounts
Getting auto insurance discounts can definitely help lessen your costs so make sure you ask about this to the insurers you are considering. Some of the ways you can get discounts to pay auto insurance cheap include installing safety features on your vehicle, keeping a clean driving record, having low mileage, being loyal to your insurer, insuring all of your vehicles and drivers under the same policy, getting other insurances from the same company, etc.

Keep Driving Record Clean
Drivers that have a clean driving record pay less on their auto insurance coverage than those who have blemished records. You are considered less of a risk by auto insurance companies if you don’t have any moving violations or record of at-fault accidents.

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Need Lower Car Insurance Rates

Published by author on May 19th, 2009 - in Need auto insurance

Reader’s Question:

How can I reduce my car insurance cost. I’m thinking of canceling my policy because I cant afford the high insurance rate. Please help.

Mark

Boston MA

Most people find it vital to have auto insurance, while some people tend to have it because it’s mandated by law. For whatever reason, it is important that we can save on it and not overspend on it. So, here are some tips that will surely reduce your vehicle insurance premiums in no time.

Having a clean driving record has its advantages. Car insurance companies almost always charge safe drivers with cheap vehicle insurance premiums. Sometimes, instead of being offered with cheap rates, some vehicle insurance company gives discounts ranging from 10 to 15 percent.

It is also important to consider the cost of car insurance before you go out and purchase a car. There are certain cars that cost more to insure. Usually, if the car you’re trying to insure is expensive to repair or its vehicle parts cost expensive in the market, you will be charged with a high premiums. Another factor to consider when buying a car is its safety and security rating. Most car insurance companies have data or records that can tell if a auto has a high theft rating or if a certain vehicle lacks safety devices which will surely result in higher premiums.

Another way to lower the cost of premiums is to increase it’s deductible. Having a ample deductible will result in cheap premiums. Though you’d probably pay more in an event of a vehicle accident before your vehicle insurance kicks in, this is a better way to spend money rather than having a low deductible that will result in high insurance premiums monthly.

You can also try to eliminate some car insurance coverage once your vehicle reaches a certain age. For example, you might want to drop the collision coverage if you have been driving it for more than four years. You can also drop collision coverage to save money if you have a clean driving record.

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Need Car Insurance For New Driver

Published by author on May 13th, 2009 - in Need auto insurance

Reader’s Question:

I just got my license and this is my first time to get auto insurance. Im on my own so I will not be added to my parent’s insurance. What do I need to know. Please help!

Helen

Boston MA

If you are a new driver, you need to know the basic things about the auto insurance policy. There are factors that affect car insurance premium. Since you are a new driver, car insurance companies will usually offer higher auto insurance premium than the standard auto insurance rate. If you think you need cheap new driver car insurance premium, rates should not the only thing that you need to consider. Here are some of the things that you need to know.

a. Consider the amount of new driver car insurance rates that you want to buy. These may depend on different factors. You can consult your car insurance agent to evaluate your needs. The least amount that you need is your state’s minimum required liability. There are additional coverages such as comprehensive and collision coverage that will protect your car in case of collision or if it has been stolen or vandalized.

b. Once you know the coverage that you need, you can now shop for new driver car insurance rates from different car insurance companies. This is the basic step to finding cheap car insurance. When you shop, don’t forget to consider the coverage. Cheap new driver car insurance rates seem attractive but this may also mean fewer benefits and features. Furthermore, also consider the financial strength of the company and those with excellent customer service. These are the things that matters in the long-run.

c. Because a policy is a legal contract, make sure that you understand what is indicated. If there are things that you don’t understand, clarify with your agent.

Here’s the information that you will find in the policy.

  • Name of the person covered in the policy
  • The limitations and exclusions that will apply
  • The coverage period
  • The amount included in the coverage
  • The amount of premium on the coverage
  • Process when you file a claim or report a loss

d. When you have your new driver car insurance policy, monitor and update it periodically.

e. Do not forget to shop around for cheap car insurance. You can find comparison websites just like you see above wherein you can compare various companies with just putting your information once as opposed to getting quotes for each insurance companies which will take a lot of time.

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