Archive for August 2010

Insure Your Car With The Cheapest Insurance Rate: Search Tips

When you are looking for the cheapest car insurance rates, it is very easy to be taken in by an ad, calling the company, and signing right up. Why are we all so easily duped by good advertising? Because these big companies have deep enough pockets to put the best writers on the job.

But, if you stop to think about it for a moment, it just doesn’t make sense to passively wait until you see a catchy advertisement as the way you choose a car insurance provider. There has to be a better, more scientific, and more effective way to get the best deal.

Luckily, there is: it’s conducting an effective search.

Why It Pays To Search Intelligently For The Cheapest Car Insurance

So, it is pretty clear why passively waiting for a good insurance deal to fall into your lap may not be the way to secure the best-possible rates. But, why search? Simple: knowing how to systematically look for, organize, record and compare your findings is simply the most all-encompassing, effective way to find the best deal.

Insure Your Car With The Cheapest Insurance Rate: Search Tips

Here are 3 tips that can help you conduct an effective search the results in the lowest-possible car insurance rates:

1. Diversify your search through multiple media:

For your research, you are going to want to build a list of at least 5-10 promising looking insurance providers to start with. Anything less and you will be potentially short-changing yourself. You are going to want to start with online research, but be sure to use every tool in your toolbox, including contacting friends and family to find out if they are happy with their insurance companies. If you see a great ad on TV – by all means – add the company name to your list. The point is: do not rely on just one source for your information.

2. Organize and record your findings:

As you put together the information you come across, put it into an organized format such as a spreadsheet application like Excel. For example, at the minimum you should be recording the company name, contact information, and any advertised deals or promotions you saw. Leave a space for the quote information you see, as well.

3. Good research also includes contacting insurance companies for quotes:

Of course, your research should include not only reading about each company on their website: you need to actually contact at least 3-5 of the best auto insurance companies you come across. Get quotes from each one. Important: be sure to get quotes for identical types of coverage from each company so that you get comparable quotes.

By following these 3 tips for how to search for the cheapest auto insurance rates the right way, you will give yourself a much better chance of ending up with the right deal.

Car Insurance Companies that are Just your Type Types of Car Insurance Coverage Car Insurance Companies Provide

Insurance policies differ, but categories for types of car insurance coverage are generally the same.  Car insurance companies should go through each category with you to see if you have all the coverage you need â?? and to make sure you’re not paying for more coverage than you need.

Car insurance companies follow industry and government regulated standards, but they tweak their policies to fit the individual needs of the insured â?? and the car insurance company.  They do this by offering deductions, special payment arrangements, amenities such as car-towing services, and varying the levels of coverage and deductibles.  Despite the personalization of car insurance policies, categories for types of car insurance are pretty consistent.  However, some types of car insurance coverage are legally mandated, and others are not.  The legal regulations can differ between states and territories, so it’s best to inquire with the government motor vehicle department or your insurance company to find out what is legally mandated.  Most car insurance companies are well-aware of legal requirements and assume you want that coverage as a part of your policy.  If your car isn’t on the road, but you still would like it insured, check to see if the regulations change for your scenario.

The types of car insurance that car insurance companies offer typically includes six categories:  Bodily Injury Liability, Medical Payments or Personal Injury Protection, Property Damage Liability, Collision,  Comprehensive, and Uninsured and Underinsured Motor Vehicle Coverage.  Although all of these types of coverage protect you from financial destruction and liability, you can see that half of the categories of types of car insurance primarily protects others, and the other half protects you.  Typically, each category carries its own pricing scale.

Bodily Injury Liability coverage is almost always legally mandated.  When drivers carry bodily injury liability coverage, the car insurance companies will pay for medical costs and related injury expenses to anyone who is injured or killed by the driver with coverage.  Similarly, Personal Injury Protection pays you medical expenses and lost wages, no matter who is legally responsible for causing the accident.  For those concerned about the cost of medical coverage,  Medical Payments Coverage can be added on to increase the dollar amounts provided for medical bills.  If you opt to get Uninsured or Underinsured Motor Vehicle Coverage, expenses due to injuries will be covered if an uninsured or underinsured driver hits you.  Uninsured and Underinsured Coverage will also cover you for injuries sustained in a hit-and-run accident.

If you cause an accident, Property Damage Liability covers the expenses for repairing or replacing the damaged property belonging to the person that was hit.  Collision on the other hand covers damage to your car â?? whether you or another driver is at fault.  Comprehensive Coverage is the type of car insurance that car insurance companies include theft, glass, fire, and extra protections under.

Review your coverage and pricing for each category when you’re evaluating car insurance companies, and you’ll eventually find the car insurance policy that is just your type.

3 Important Ways to Get Cheap Insurance For Cars – Which One Are You Missing Out On?

Are you currently looking for a way to get cheap insurance for cars that you own? Obviously you must have not been happy with the amount that you are paying every month for your auto insurance. I have to admit that auto assurance can be very expensive nowadays.

Each year it gets more expensive to insure vehicles on your policy. However there are ways to get cheap insurance for cars that you own. One of the first ways to get cheap insurance is to go to the local of your yellow book. This process might take you anywhere from 30 minutes to an hour.

All the local businesses in your area have sections in the yellow book to advertise their insurance rates for you. It is very easy to get a pretty good deal on auto insurance from the phone book if you spend enough time at it. Another option to get cheap insurance for cars that you own is to go to a local agent.

A local agent will basically do all the work for you beginning with getting your information and eventually coming back with quotes from the top competitors. This process can be either quick or slow depending on how busy your local agent happen to be.

The next option which is obviously the quickest is to go online. It is very easy to get cheap insurance for cars online because all the car insurance companies are competing for your service. It only takes about five minutes or so to put in information online and within a few moments you will get instant quotes from A rated auto insurance companies.

Insure Your Car to Escape Fines

Insure Your Car to Escape Fines

 

You must have heard from your friends and relations that, in India, you cannot drive without having an automotive insurance policy taken out in the name of your vehicle. You must have also grown up seeing your parents always carrying around that package of papers in the car and later realised that they were the insurance papers of the car. As a part of the regulations of the Indian government it is mandatory to have an insurance policy in the name of the vehicle and thus it is important to insure your car. But how many of you are aware that there is a punishment for defying this law?

As it is mandatory to insure your car, breaking this law can lead to serious problems for you. The Indian law is very strict when it comes to vehicles on the road and their insurance. As per the Motor Vehicles Act implemented in the year of 1988, any person found on Indian roads without appropriate insurance papers for the vehicle that he is driving can be significantly fined or punished. The fine imposed would be a high amount. However, the real problem is the punishment that comes hand in hand with not having an insurance policy and driving on Indian roads. According to section 196 of the Motor Vehicle Act, a person found driving without an insurance policy can be imprisoned for a period that can extend to three months.

Furthermore, as per the laws, the minimum insurance that you are supposed to get for your vehicle is a third party liability insurance policy. When you insure your car with this type of insurance policy, you are basically ensuring that any claims from a third party will be met by your insurance provider. The need for such a policy exists because every time there is an accident, it can lead to a major legal hassle that should ideally be settled by all the parties involved.

This is the reason why you should always insure your car, regardless of how much you drive it, how old it is or what your financial condition is. If you insure your car then you not only follow the law put down by the government but also get to avail multiple benefits. Moreover, finances permitting, instead of a basic third party liability insurance policy, you should try to insure your car with a comprehensive insurance policy because that can protect you from any type of contingency that you may find yourself facing on Indian roads.

Therefore, buying an insurance to insure your car is not only something made mandatory by the law but it is also a need to protect yourself from financial strains.

 

Be Sure to do your Homework When Buying Insurance for Cars and Trucks

It doesnâ??t have to be difficult to shop for insurance for cars, trucks and other vehicles. With the advent of the Internet you can do comparison shopping directly from the comfort of your own home. This is a great improvement over the way shopping for insurance for cars was done in the past. Prior to the Internet the process was extremely slow and tedious. The first task would be tracking down telephone numbers of insurance agencies. Next would be the slow and laborious task of calling each agency and repeating the information over and over again. No more! Shopping for insurance for cars and trucks is as simple as filling out a form and pressing a button.

Before you start your search you may want to think about what type of insurance will work best for you. You two primary choices are comprehensive and third-party insurance for cars. Comprehensive insurance for cars is exactly what it saysâ??comprehensive. This type of policy covers a wide range of damages and even includes situations where you might not be driving such as theft, vandalism, and weather damage. Third party insurance coverage is the type that is often times required by law. These policies cover damage to other peopleâ??s property or automobiles.

Pricing for insurance for cars varies widely and is based on a number of factors. A key factor is the type of policy. Comprehensive insurance is going to be the most costly since it is covers so many possible events. Other factors go into the price as well such as your driving record, where you live, the type of vehicle you drive, your age, and your gender. All these factors are taken into consideration when an insurance policy is quoted.

There are a number of discounts programs available as well. Most of the major insurance companies offer an array of discount programs. Most will offer preferred pricing on insurance for cars if you have an excellent driving record or if you cover multiple vehicles under the policy. You certainly owe it to yourself to investigate these discount programs.

Your research on insurance for cars is not complete once you have received your price quotations. You should also do a little research into the company that will be underwriting your policy. While the chances are that the companies that are offering the insurance you are interested in are fine, it is possible that they do not provide good customer service or they have a bad track record paying claims. There is a great deal of information available in the public domain that will give you clues to whether or not the company you choose is a good company to purchase insurance for cars from. Your local governmental agency that works with the insurance industry will be able to provide you with information and you should be able to find comments and reviews directly from customers.

While the prospect of doing a lot of research in order to buy insurance for cars probably does not sound appealing to you, it is well worth the time you set aside for the activity. With just a little investigation you can find an insurance policy that suits your needs, is priced right, and is backed by a good solid company.