We found a great article on PropertyCasualty360.com entitled “The 7 deadly sins of car insurance.” This is a great read! Find out 7 of the top things that can increase your rates and put you in the poor house when it comes to paying premiums.
Some of the items include DUI’s, reckless driving, having a terrible record (lots of accidents, tickets) and more. If you’re wanting to know how to keep your rates down, check out their article now.
If you need an instant quote from multiple car insurance vendors, search our site now »
What should Teens drive?
In an article titled “The Worst Cars for Teen Drivers,” thezebra.com talks about what kinds of cars are ideal for teenage drivers to keep them safe on the road.
And like you may have guessed, it’s not a sports car that ranked highest! Bigger SUV’s or trucks may have the size advantage, but they too can be prone to rolling in an accident and have a lot of power and speed that a teen doesn’t need.
So what is the ideal car for a teen according to thezebra.com? Your basic four door, four cylinder sedan.
Got a beater car that you want to have your kids drive but need insurance for it? Shop Car Insurance Quotes now »
In a recent survey from GasBuddy.com, Missouri has ranked the lowest reporting a mere $1.763 a gallon! Here’s the top low prices in some of the US states:
Save on Gas AND Auto Insurance now by getting a free quote today »
3 Tips Shopping for Car Insurance
If you are like most people, the thought of shopping for car insurance doesn’t sound like much fun at all. In addition to being time consuming and boring, shopping for car insurance can be a bit stressful and overwhelming. Nonetheless, shopping for car insurance is a necessary evil and, if you follow these three tips, you could save yourself a significant amount of money each year.
Tip #1: Compare Apples to Apples
When shopping for car insurance coverage, it is easy to get won over by the company that provides the lowest quote, but it is important to remember that you get what you paid for. Unless you are looking for the bare minimum coverage required by the state, going with the lowest quote is not always in your best interest. Remember to compare policies that offer the same amount of coverage with the same deductible when comparing quotes.
Tip #2: Know What You Want
Before you start shopping around, it is a good idea to know what you are looking for. Do you need full coverage of liability coverage? How much can you afford to pay toward a deductible? Do you need extra coverage for expensive additions to your vehicle? Ask yourself these questions beforehand so you can be clear on the type and amount of coverage you need.
Tip #3: Use Online Resources
While you can still use the old fashion method of calling several insurance companies to obtain quotes, using the Internet helps to streamline the process by making it easier to contact multiple companies all at once. Furthermore, you can often find more insurance companies when you turn to online resources, which means you have a greater chance of getting an affordable quote. All you have to do is enter your information just one time and insurance companies will come to you with quotes for the type and amount of coverage you need.
How Much Auto Insurance Coverage Do You Need?
If you had to take out a loan when purchasing a new vehicle, you likely had no choice but to purchase full coverage insurance. After all, the lending institution wants to make certain the loan will get paid off in full if your car were to become damaged or stolen. Once you have paid off your loan, however, you have the choice to maintain full coverage or to reduce the amount of coverage you have. Clearly, by reducing your coverage, you can save yourself quite a bit of money when it comes to your insurance premiums. Therefore, you need to take several things into consideration when determining the amount of coverage you need.
The Value of Your Car
The most important thing to consider when determining how much insurance coverage you need is the value of your car. You can easily check the current value of your car by consulting with Kelley Blue Book, a copy of which you can find at your local library. Or, go online to www.kbb.com to do an instant search. Clearly, the higher the value of your car, the more you should consider maintaining a full coverage policy.
Your Financial Situation
After determining the value of your car, you need to consider your current financial situation. If the car is valued at $5,000 and you would have no problem absorbing that expense if your car were to be totaled, paying for full coverage insurance may not make sense for you. If $5,000 would be financially devastating to you, on the other hand, having full coverage insurance in place will provide you with comfort in knowing that you won’t have to go without a car if you are involved in an accident.
While no one can predict whether or not an accident is in their future, you should be able to gauge your overall risk. If you have a long work commute or if you do a lot of driving in accident prone areas, your risk is much higher than someone who is retired or who only drives a few minutes to work. If you are of a greater risk and your car is of great enough value to make full coverage insurance worthwhile, you should put some serious thought into maintaining a full coverage policy.
If you have full coverage auto insurance and have been involved in an accident, you might be wondering if you have to repair the damage or if you can just keep the money and live with the damage if the car is still in drivable condition. After all, you might have other bills or needs that you would prefer to put those funds toward.
If you have paid off your vehicle and there are no liens against it, there is a possibility that the insurance company will provide you with a check to do with as you please. In most cases, however, you will never actually see the money. Rather, the following procedure is likely to be followed:
- The insurance company provides you with a copy its damage estimate
- You make an appointment with the repair shop of your choice (the insurance company will be able to refer you to a body shop if you are not sure where to go)
- You provide a copy of the estimate to the repair shop
- The repair shop orders the parts and schedules your repairs
- The repair shop contacts the insurance company directly if additional damage and repair needs are discovered
By dealing directly with the repair shop, the insurance company ensures your vehicle is fully repaired without costing you anything beyond the original estimate if additional damage if found. Furthermore, if you have a lien on your vehicle, the insurance company is also responsible for protecting the interest of the lien holder. By working with the repair shop rather than issuing a check to you, the insurance company can guarantee the vehicle is returned to its original status. In this way, the lien holder can take comfort in knowing that the vehicle will retain the value that is expected.
Educating Teens About the Dangers of Driving Distractions
Driving while distracted comes with a high price. The National Highway Traffic Safety Administration reported that in 2008 alone almost 6,000 deaths and over 500,000 injuries were caused nationwide due to distracted drivers. A large percentage of these accidents involved teenage drivers. Research shows that teen drivers are four times more likely to be involved in a distraction-related collision than any other age group. In addition, a AAA Foundation for Traffic Safety study found that drivers under the age of 20 are the most vulnerable to driving distractions. This, unfortunately, causes teenagers to face a high price for driving as the result of more accidents and more expensive insurance rates.
Driving a vehicle is both a right and a responsibility. While vehicles provide a convenience for getting quickly from one place to another, they can also be a potential deadly weapon if operated while distracted from anything else than keeping a total focus on the road. Things like playing very loud music, changing a radio station or CD, eating, tussling with friends, applying makeup, combing hair, watching a video and using a cell phone or texting while driving can result in a driver’s focus being distracted long enough to result in traffic mishaps. It takes only one small distraction to cause a potentially fatal accident. Being a responsible driver means limiting distractions that decrease the ability to hear, see and anticipate what is happening with surrounding traffic while operating a vehicle.
Aside from avoiding potentially fatal accidents, the positive side of not driving while distracted is that there are many benefits that can last a lifetime. Teenagers who prove themselves to be safe and responsible with good driving records are rewarded with much lower insurance rates. In some cases, these insurance rates can be lowered even further when a good driving record is combined with good grades. In the long run, the benefits of a good driving records become even more rewarding. Responsible adults with a long histories of safe driving are usually rewarded with spectacular insurance rates that result in saving thousands of dollars on long-term insurance costs.
Save Big on Car Insurance
As American’s continue to tighten their belts and budgets, many have looked at their car insurance rates and begun looking for cheaper alternatives. Most people simply assume that the rates are high and that their is nothing they can do about it. This kind of thinking will not help you save money on car insurance. Their is significant savings in terms of car insurance if you are willing to do a little bit of leg work.
The first and most important step to take when purchasing car insurance is to comparison shop. Their are dozens of car insurance providers and every single one of them will have a different rate for you and your family. The premium can vary wildly from company to company, with some quoting even hundreds different than one of their biggest competitors. Most providers now have easy online calculators that will allow you to plug in all your information and get a quote online. You could literally spend one hour researching the top ten companies and come out saving $100 dollars every six months. That savings will add up quickly.
Raising Your Deductible
If you are a good driver, and haven’t been involved in a wreck, why do you have your deductible so low? The deductible is the amount you pay in case of a wreck. That can be anywhere from $100 to $500 dollars. If you have never crashed your car and aren’t likely to do so in the future, it’s a very smart decision to raise that deductible as high as the company allows you to. This will save you even more money.
Low Mileage Discounts
If you don’t inform your insurance companies how many miles you drive each year, they will more than likely overestimate how often you are on the road. Let them now how many miles you drive and stay within the limits. The less miles you drive, the less you will have to spend on insurance.
Picking the Right Car
Different cars have very different insurance rates. Companies charge you based on how likely your car is to get in a wreck. If you purchase a car that many younger drivers are buying, your rate will be more expensive. You may think you are saving in gas money by buying the little car that everyone is driving, but the car insurance premium could more than make up for it on the other end!
These tips can save you hundreds of dollars without too much effort on your part. It’s a great and smart way to save money.
In many parts of the United States, and in fact all over the world, floods have been affecting them. They can range from floods caused by natural ways, such as a river flooding, or by unnatural ways. These unnatural ways can be caused by a dam breaking, or a human made structure breaking. Many car insurances do not cover flood damages so you will want to do your research, and make sure that your discounted car insurance will cover flood damages. You may even want to research whether or not that option is even availible for you.
There are many different types of car insurances and they can include bodily injury liability, property damage liability, and comprehensive coverage. The part of the insurance, the type, that you will want to add to your coverage is comprehensive coverage. This coverage will help to protect you against things such as floods, or even fires.
There are certain amount of protection if your get this type of coverage for your vehicle. This can be hard to find at a discounted rate, but it is possible. For example let’s say you pay a deductable of one thousand dollars, and the total cost of damages was one thousand five hundred dollars. You woul pay one thousand while the insurance company pays five hundred. A higher deductable that you are paying will equal out to a lower premium. So you end up paying less especially if a flood or other damage happens to your vehicle.
Comprehensive coverage might raise your rates up on your vehicle car insurance, but if you are looking for a discounted price then you will need to do your research. You will want to look around at different websites, and even the insurance provider located in your city to recieve quotes. But then again if you live in the middle of Nevada you might not have the need for flood insurance. So please do your research.
If you are financing or leasing out your vehicle at the moment from a financial company then that company will most likely ask you to carry this insurance. That way it guarantees that you will have the car around, even if it goes through some damage, so that you do not default out on the loan. This type of car insurance coverage can be hard to find at a good discounted price but you will want to shop around, and even having a good driving record or no insurance claims in the past will help to lower your coverage price.
Understanding Liability Auto Insurance Coverage
When you purchase auto insurance there are several different kinds of coverage you can include on your policy. Liability coverage is one type of insurance that is required by every state in the US for every car owner to have. This type of coverage insures you when you are at fault for an accident which causes injury or damage to the property of another party. It will pay medical costs and repair or replacement costs that are incurred by another party in the accident.
Auto liability insurance coverage is divided into two different areas of coverage which are bodily injury and property damage. The names given to these two types of coverage are pretty much self explanatory. Bodily injury, of course, pertains to medical bills for any person who was hurt or injured in an accident which was the fault of the insured. Property damage is coverage for any costs to repair or replace a damaged vehicle or other property belonging to any person involved in the accident.
As mentioned earlier, all states in the US require a driver or car owner to have liability coverage before they can legally operate their vehicle. These states have a minimum amount of coverage that is mandatory, but the insurance companies will offer you coverage in larger amounts if you want it. Liability coverage limits are usually stated either in what is called split limits, or a combined single-limit. For example, your policy might state the split limits as 50/100/50. In this case, the 50 stands for $50,000 and would represent the most the policy would pay for bodily injury for each person injured. The second number would be $100,000 and would be the most paid by the policy per accident. The final number would represent $50,000 and is the most the policy would pay for property damage per accident. A combined single-limit policy might state $100,000 as representing the maximum payable for bodily injury and property damage together.
Of course, it is possible to save money on your auto liability coverage by purchasing only the minimum amount required by your state. However, you might be wise to consider purchasing more than the minimum. If you should have an accident where you are at fault, you might end up paying a lot of money out of your own pocket if your liability coverage is not adequate to pay all the costs you are responsible for. Having to pay a little higher insurance premium will be much preferable to the hundreds or thousands you might otherwise be responsible for.