ADVERTISEMENT

The Easiest Way to Find a Cheaper — and Better — Auto Insurance: Part 2


Factors Capable of Impacting Your Rates

To add to whatever coverage option you choose, your insurance rates are also affected by the following factors:

Age: 
Higher insurance rates apply to younger and less experienced drivers.

Gender: 
Higher insurance rates apply to men as compared to women.

Demographics:
Residents in high-crime areas pay more than residents in low-crime areas.

Claims: 
Drivers that are prone to accidents pay more. A good way of keeping the rates down is to keep the number of filed claims low.

Deductible: 
This is what you pay from your own personal pocket for an accident. A higher deductible lowers insurance premiums. Generally, any damage that falls under $500 should be deducted without considering insurance.

Moving Violations: 
Your insurance bill is negatively affected by moving violations like speeding.

Vehicle Choice: 
Expensive cars such as sports and luxury vehicles cost more to insure than the average or cheaper ones do. Your may wish to find out the insurance cost prior to buying your next new car.

Driving Habits: 
The mileage you cover, what purposes you use your car for, as well as the distance you need to go from your house to your work all affect your rates.

Safety Devices: 
Safety systems such as anti-lock brakes and air bags will lower your insurance bill significantly.

Theft Deterrent Systems: 
Having an alarm on your car also help lower your rates.

Accident Prevention Training: 
If you have a proof of a driver’s education training course taken, you might get lucky to receive discounts on your insurance bill.

Payment Plan:  
Some insurance companies offer discounts if you pay premiums all at once rather than installments.

Credit Score: 
Bad credit increases your insurance while good credit score can give you lower ones.

Multiple Policies: 
The more policies you have with an insurance company, including if you have more than one car, homeowner or renter's insurance,  it's more likely they will provide better discounts.

Tips for Shopping

Always shop and compare wisely. Since you will be considering more than one company, features, prices and benefits are bound to vary. The requirement for minimum coverage will also vary. In many states, the minimum for property damage is set at $10,000, which is insufficient in protecting vehicles such as SUVs or luxury cars that cost over $30,000 in case of an accident.

Comparing policies is a must, and you will find many websites that can aid this comparison of policy prices. You can also get help from independent insurance agents. They often sell policies from many carriers and can be very helpful when choosing from the list of policies. Before deciding either an agent or online provider, it is important to make sure that they will be there for you when you call if you ever have an accident or need assistance. Your agent can have more incentive to help as they want your repeated business, but you may not always be satisfied with an online service.

Researching your policy provider is an important step to take before a purchase, no matter who the policy provider is. There are many firms or websites that rate insurance companies based on financial health or the number of complaints that have been made about them. You may also wish to visit the Federal Index of State and Local Consumer Agencies for a complete list of insurance regulators.

Conclusion

Take time to review, understand and decide the type, extent and amount of coverage required can help keep you, your properties, as well as your wallet effectively protected. You will be very glad you did if you ever need to really make a claim.




Read more ...

The Easiest Way to Find a Cheaper — and Better — Auto Insurance: Part 1


Do you have your car  insured with the best policy possible? Is the coverage sustainable? Many people are knowledgeable on liability, collision and/or comprehensive coverage, but few truly understand their insurance coverage until after an unplanned accident happens. The case of car insurance shopping has not received the attention it deserves because, often times when teenagers start to use a car, they start with an attachment to the insurance policy of either parent, and when incidentally they need to have their own insurance policy, they simply look out for an inexpensive policy to go with. This article will address issues relating to insurance coverage that can help you better maximize the use of your money.

The Main Types of Coverage

Two of the primary advantages of a car insurance are the protection of your assets and your health; however, this starts with getting the insurance coverage that is perfect for you. The following basic coverage types are what people are familiar with:

Collision: 
This is the coverage that repairs your vehicle after the occurrence of an accident. This is a necessity in cases when a loan is against the car because in that actual sense, the car isn’t yours until the loan has been fully paid. The bank obviously wants to protect itself from the possibility of getting stuck should the vehicle gets damaged.

Liability: 
This is the coverage that takes care of personal injury of a third-party and death-related claims. It also includes damage by auto accident, done to someone else’s property. Only few states don’t require liability coverage.

Comprehensive: 
This is the coverage you need in cases of theft, vandalism, water, fire, etc. There may be, however, no reason for collision or comprehensive coverage if you bought your car with cash or you are done paying your car loan, especially when you are driving a car with blue book value of less than $5,000.

Some Additional Coverage

The above listed coverage types are not all there is about coverage; some other options include:

Medical Payments and Personal Injury Protection: 
This coverage takes care of medical bills on policyholder as well as the passenger. A good health insurance coverage may replace this.

Full Tort vs. Limited Tort:
It is possible to reduce your insurance bill further if you are willing to forfeit your right to sue should an accident occurs; nevertheless, it is advised to be cautious before giving up that right.

Uninsured or Underinsured Motorist Coverage: 
In case you ever get involved in an accident with an uninsured motorist, this is the type of coverage that covers medical and property damage.

Towing: 
This special coverage accounts for the towing of your vehicle if the post-accident condition of the vehicle is undrivable. This coverage becomes unnecessary if you already have roadside assistance available through your car manufacturer or an automobile service provider.

Rental: 
This takes care of the cost of renting a car; however, the inexpensive nature of rental cars makes this coverage usually uneconomical.

Glass Breakage: 
Some collision or comprehensive policies do not cover glass damages. This type of coverage is typically not worthwhile long-term.

GAP: 
Also known as Guaranteed Auto Protection or Guaranteed Asset Protection, this type of coverage is very useful for someone who is leasing a car or buying one with low or no down payment. If, for example, a car is unfortunately wrecked 10 minutes after driving out of the parking lot, or if a new car gets stolen, GAP covers the difference between the blue book value of the car and the balance still owed on the financing such as a car loan or lease.
To find out more important factors that impact your insurance rates, please go to the next page.

1 | 2   Continue to NEXT PAGE »


Read more ...

How to Increase the Life Span of Your Car: Part 2


Know the Effects of Weather on Your Car

Try all your possible best to protect your vehicle from all sorts of harsh weather conditions. Extreme weather conditions such as severe temperature changes which subjects your car to the sun’s ultraviolet rays (UV), rain which contains water and salt that aid rusting, snow and others.  A garage is the perfect storage solution for your automobile. Consider relatively cheap options such as car covers can also go a long way in preserving the look of your car and also prevents the head (upper part of your car) from rusting off. This will save you costs of repair and repainting your car. It also helps to keep the resale value high.

Keep the Interior Part of Your Car Clean

The interior part of your car is where you spend most of our time, leaving it to look shabby will affect your feelings about the car and also lower its resale value. Too much dirt and grime may operate as sand paper, thereby making needless abrasion that may wear away your car’s upholsteries and carpets. The two main causes of a dirty interior car part are yourself and the weather. Make use of All-weather mats (rubber mats) during the winter to keep your carpet mud and filth-free.

If you've got brood, place a sheet of plastic and a towel under the baby seat if you don't want to scrub your seats. If you drive a car with leather seats, get yourself leather moisturizing pads and make use of them every month. Doing this will keep you car leather seats clean and prevents it from cracking. Window shades are recommended in summers to prevent the sun’s ultraviolet rays causing damage to the interior of your car.

A clean interior can never be achieved without cleaning, so prepare a schedule to clean your car’s interior on a regular basis. Vacuum it periodically, wipe down the gauges, dashboard and instrument panel with sponge; this should be done softly. Tidying up the inside of your car will ease discovery of problem spots and allows you to repair them before they get out of hand.

Take Good Care for Your Car’s Exterior

No one will ever want to buy a chubby car. Keeping your car exterior in good condition will not only save you money but also keep your car’s resale value high. One or two hours by the dent removal can make your car appear new once again. This also involves maintaining your car’s paint job as this protects the upper metal sheet from rusting. Make use of soft materials such as towels and blankets to protect your car’s roof when trying to tie down stuffs like bicycles, luggage and others. This protects your roof from being scratched by these loads.

Inspect Your Wheels and Tires

Take time to check your wheels and tires, as this can call your attention to uneven tread and damaged wheels. If your tires are not balanced or worn unevenly, the imbalance may cause vibration thus leading to excess stress of the suspended components and may result in a huge bill and a visit to the mechanic workshop. The inspection of your wheels and tires only require a few minutes and can save you quite a bit of money.

Get a Trusted Mechanic for Checkups

A professional will always be able to give you added insight you don't have yourself. No matter how much you believe you are familiar with your car, trustworthy and well-trained mechanics will discover little faults earlier than you do. Schedule checkups with a proficient mechanic, at least twice a year will prevent your engine from being badly damaged. This may seem fanatical but precautionary measures happen to be a cheap insurance with the aid of qualified professionals. Also remember to keep all documents with care; providing prospective buyers with detailed service records is a major way to entice them.

Rectify Little Faults Early

Most drivers often neglect minor faults, thinking they will go away very soon, but cars simply don’t heal themselves. Little repair works should be done as at the time of spotting and not later. This will prevent any problems from getting worse and help get them fixed easily, while neglecting them will only lead to bigger faults that will be hard to rectify.
Getting a car can be exciting, riding it can be exhilarating but maintaining it can be daunting. But with all these proven tips above, you can easily extend the life span of your can without having to pay frequent visits to the mechanics and get clobbered by expensive repairs, while minimizing depreciation, retaining a high resale value and enjoying the best of your car.




Read more ...

How to Increase the Life Span of Your Car: Part 1


Without a shadow of doubt, every car user believes that precautionary measures are essential in elongating the life span of a car. As it is expensive to buy new cars, so it is to repair damaged cars. This article reveals all you need to know as a driver in order to lengthen the live span of your car, consequently saving yourself some cash.

Know Your Vehicle

One of the most important things for you to increase the life span of your car is to know your car. The truth is a car is made up of thousands of interlocked mechanism that depend on one another to get you moving on the road safely. It’s actually unfeasible to have the knowledge of the state of each component while driving, but being attentive to very little changes in your car’s sound and driving features can call your attention to problems before they go wild.

Preventive Car Care Measures

Precautionary measures are not just the best but are also essential to ensure that a car stays on track for a long time. Drivers who have the most miles on their vehicles are those who are consistent and committed to their service schedule as said by Augie Barone, an automobile expert in San Francisco. Waiting to see the service light on will only shorten its life. Ensure your car’s fluids are kept clean and new, this is very important to guarantee that your car runs for a longer period. Regular changing of oil helps to avert the gathering of dangerous deposits that makes the interior components of your vehicle work harder thus giving it a shorter lifetime.

Even if you drive a new car, it is imperative to inspect the oil level after a few hundred miles. If the oil level gradually drops between oil changes, something might be wrong with your vehicle’s engine. Same thing applies to other vehicle fluids such as the brake fluid, clutch fluid for vehicles with manual transmission and automatic transmission fluid for automatic ones. Pay attention to recommended service period in your vehicle’s owner’s manual provided by the manufacturer. Cars are of various manufacturers; different manufacturers often recommend different time intervals for required maintenance. Periodic maintenance helps a lot and saves you the cost of running around to change air filter, oil and other common car maintenance cost.

Here are some parts you should also inspect on specific basis apart from your vehicle’s fluid:

Bushings, shocks and alignment
A vehicle with shabby shocks, bushings and alignment won’t only drive poorly but will also cause other driveline components such as tires, wheel bearings and others to be worn out quicker, and will produce all sorts of obnoxious squeaking, clunking and creaking noises.

Brakes
Inspect your car’s brake pads on a regular basis and attend to any excessive squealing immediately. Pads wear off quicker than rotors and consist of metal strips to notify you when there is a need for replacement. When you get excessive squealing coming from your car even when brake is lightly applied, chances are your vehicle’s brake pads have worn and calls for replacement. Failure to replace these pads can amount to excessive damage of your rotors thus having to buy costly new sets. It pays off to pay for a part quickly than two parts later.

Timing Belt 
Most modern cars have interfering engines; i.e. if a timing belt breaks, the valves collide leading to major cylinder head failure. If it’s been a while since you changed you timing belt, your engine may be a time bomb. Get a mechanic to check it out for you as it’s not an item to be approached casually.

Drain your car’s engine and top it up with appropriate fluids

As your car gets older, carbon deposits and filth accumulates in the inner parts of the engine regardless of how well maintained it may be. Recommended products such as Sea Foam or BG44K help in restoring lost power and improving fuel economy. Also ensure you use the right fluids for your car’s age and make use of high-mileage oil as your vehicle gets older.

Be Careful While Driving

Most drivers find it difficult to practice this great act that helps to elongate the life span of any vehicle. Adjust the way you drive to make wear and tear on your car be on its minimal level will save you cash for repairing and replacing different parts and also add more years to your car’s life span. The general break-in time for new cars only last for the initial 1,000 miles. Accelerating lightly will keep the vehicle’s engine below 3,000rpm and will also help to break in the vehicle’s engine ever so softly. Keep the speed below 55mph (look into your owner’s manual for the initial speed limit), stay away from abrupt braking, avoid aggressive turns, accelerating lightly from spot light and all sorts of driving precautionary measures play vital roles in maintaining your car, keeping it intact, and as well, saves you gas. Most wears and tears on cars take place in the early period of driving. If there is a need for you to set out for multiple errands, try to combine some of them. Doing so will save you time and fuel, and also avert long-term damage of the engine.

Stay away from heavy loads, never try to tow or weigh down your car with bulky loads.

Do not leave your car idle for a long period  this causes a drop in the oil level, consequently oil won’t flow to other parts of the engine properly. Note that absence of lubricants can result in a long term damage of your engine. Go to the next page for more simple and easy tips.

1 | 2   Continue to NEXT PAGE »


Read more ...

Top Tips For Saving Money on Car Insurance: Part 2


7. Examine Your Cover 

Motor insurance policy has three classes: Third Party, Third Party Fire and Theft, and Fully Comprehensive. Being the minimum legally required to drive on roads, third party is the most common, because it covers the policyholders for injuries or damages to other persons or their properties. Third party fire and theft takes care of the damages to your car due to fire or theft. Fully comprehensive offers the widest range of cover. It is cheaper to go for the basic category of cover, and is recommended for young drivers with cars of less value. 

8. Cut Out The Extras 

A lot of comprehensive policies have extras that are optional like courtesy cars and legal expenses; they, however, have added costs. It is expedient that you know what you really need to avoid paying for the cover you do not need.

9. Secure Your Car 

Motorists that install security devices that make their cars susceptible to theft often pay less for their car insurance. If you have an expensive car, you may be required to install high-tech tracking device by your insurer.

10. Where You Park 

It is best to park your car in a safe locked garage at night, owing to the fact that most vehicle thefts happen at night. Ensure to park at least off the road. 

11. Young Drivers Factor 

You have to be very careful about including young and inexperienced drivers to your policy. It will not only increase your premium, but the young driver may not get a no-claims bonus. If you are thinking of adding your children to the policy on a car they drive, make sure that you are the main driver.


Out of the many insurance companies on the internet, how do you know which to choose to reduce cost? The steps explained below can further help you save money on your car insurance cover:

1. Shop Around And Compare Prices 

You may be tempted to stick with your present insurer when you need to renewed your policy; however, try searching online for better deals. You could save hundreds of dollars by simply shopping around and comparing costs of similar covers. You could find some policies affordable, but you may be surprised when you want to make a claim that they are not in the same level. You can also make use of online comparison services to help you find the cheapest deals. Once you find your chosen insurer, you can alter the excess you wish to pay in order to get new quotes.

2. Buy Online 

There is usually a discount offered to customers that buy their insurance online. Besides, paying for your policy up front is usually cheaper when compared with monthly installments, which although is convenient, is more expensive as result of of interest charges and administration fees.

3. Limit The People On Your Policy 

Avoid including people who seldomly drive your car. Include just your regular drivers and whoever needs to drive your car. Do not name just everybody in your policy as this could add up to your premium.


« PREVIOUS PAGE   1 | 2 



Read more ...

Top Tips For Saving Money on Car Insurance: Part 1


Owning a car is expensive; in that, besides having to buy a car, you also incur costs on tax, insurance, and fuel. Insurance could be very costly, especially for young drivers, who are made to pay more than the average due to their relatively higher tendency to claim. Consequently, tips on how to save money on insurance are given below.

1. Select Your Car Carefully

Insurers categorize cars into 50 groups based on factors ranging from their engine sizes to their likely repair costs. The premium you pay is directly related to insurance group of your car. The implication of this is that, the higher your car's insurance group, the higher the premium you pay. Therefore, it is advised that you check the rating of the new car you want to buy, and this is available at www.thatcham.org. Also, desist from modifying your car with fancy wheel trims and other accessories that could make the insure load the premium.


2. Regulate Your Mileage

Driving your car along a busy motorway daily makes the likelihood if getting involved in an accident higher than a driving your car only at the weekend on local roads. Discuss with your insurer about your driving habits, since low mileage attracts low premium. Ensure to get accurate mileage you drive each year, as the breach of the agreed mileage limit could nullify your policy.

3. Pay-as-you-go Insurance 

As a part of measure to cut the cost of your premium, you could be driving fewer miles or avoid driving during a rush hour. A tracking device will be fitted to your car to monitor your driving habits, in order to ensure that you only pay for the insurance you need. This is most useful for young people that standard insurance is beyond their affordability. For more information on this visit our What Is “Pay As You Go” Car Insurance? page.

4. Avoid Traffic Offense 

You should realize that points on your license are usually considered to determine your premium, and serious traffic offense could make it impossible to buy cover. By having good points, you could enjoy low premiums.

5. Raise Your Excess 

The bulk of insurance policies attract a certain standard mandatory excess, which is the amount payable in view of any claim. Agreeing to pay a bigger self-imposed excess, your insurer will reward with a lower premium. However, you must ensure that in case of having to make a claim, you can afford the higher amount.

6. Do Not Make A Claim 

Drivers who avoid making a claim accumulate a no-discount discount (NCD). After five years of not making any claims, you could reduce your premium to more than 50% off. If you have a minor accident, you can personally pay for the repairs to protect your NCD.

7. Examine Your Cover 

Motor insurance policy has three classes: Third Party, Third Party Fire and Theft (TPFT), and Fully Comprehensive. Being the legal minimum required to drive on the USA road, third party is the most common...

1 | 2   Continue to NEXT PAGE »



Read more ...

Top Ten Methods to Lower Your Car Insurance Premiums

Top Ten Methods to Lower Your Car Insurance Premiums

It’s estimated that one-third of people pay above average for car insurance. Whether or not you are one of those people, there are a surprising number of ways that you can find cheap car insurance. Check out these top ten methods you can use to get cheap auto insurance.

10. Shop around

When it comes time to renew your auto insurance, take the time to get some auto insurance quotes from different companies. You may find that there are other companies out there that will offer you the same coverage for a lower price, and many companies offer sign-up bonuses for buying a new policy with them for the first time.

9. Limit the people included on your policy

The only people that should be named on your policy are those that regularly drive the vehicle. Adding more drivers, especially younger drivers or those with bad records, will increase your cost. If you do need to add someone for a couple days, you can, and then take them off when they are no longer driving the vehicle.

8. Guard your no-claims bonus

Hands down, a no-claims bonus is one of the best ways to save money on car insurance and ensure that you have cheap auto insurance. Make sure you read all the fine print and fully understand this part of your policy. If you do decide to switch to another company for cheap auto insurance, find a company that will honor your no-claims bonus.

7. Raise your voluntary excess

This is the amount that you agree to pay to cover any costs in the case of an accident. When you agree to pay more, your monthly premium will come down. The good news is that if the accident wasn’t your fault, you can usually recover the excess that you have to pay.

6. Keep your car secure

By having a car alarm, immobilizer, or some type of tracking device on your car, you can usually get a discount of  5 percent. If you have a newer car that already has one of these, make sure you declare it to your insurance company to claim this bonus.

5. Drive less

The less you drive, the more you can save on your auto insurance. Try cutting down on the amount of driving you do by 5,000 or 10,000 miles per year, and you will be amazed at how much you can save. To claim these savings and get cheap auto insurance, make sure you accurately report the amount that you are driving every year.

4. Don’t use your car for business

Two of the things that drive up insurance costs are using your car for business, or driving it to work. If you are able to carpool or find another way to get to and from work, you could save money on your auto insurance. This will also help lower the number of miles that you drive every year.

3. Avoid auto insurance trap cars

There are a number of cars that are considered to be car insurance traps because they attract a much higher premium than others. Whenever you are considering a new car, always check with your insurance company to find out how the car you are looking at will affect your premium before buying. Often, sports cars and cars with bigger engines have a higher premium than cars with smaller engines.

2. Park in the garage

This is one of the easiest ways to get cheap car insurance. Cars that are kept in the garage at night have a much lower chance of being broken into or stolen, and are better protected from the weather which greatly reduces the wear and tear on a vehicle, which is why your insurance company will lower your premium if you do keep your car in your garage.

1. Get a blackbox

Most insurance companies offer a blackbox bonus. To claim this bonus, you can allow your insurance company to install a blackbox in your vehicle that will monitor your speed, handling, and driving times. In other words, it tracks how good of a driver you are. By being a good driver as proved by the blackbox, you will start seeing cuts in your premiums and will be well on your way to getting cheap car insurance.


Read more ...