Auto insurance

Auto Insurance – In-Depth Look

admin — Sun, 07 Feb 2010 17:27:50 +0000

Auto insurance is a contract between the policyholder and the insurance company. When you purchase a specific auto insurance policy, you mainly transfer certain risks to insurance companies in the form of an agreement. The risks involved may include economic losses such as bodily injury, income loss, property damage and many more. When you sign a contract for an auto insurance policy, the insurance company agrees to provide you with liabilities occurring due to specific losses mentioned in the policy contract. The insurance agreement mentions the coverage limits and indicates the dangers that may occur such as acts of terrorism and many more. Auto insurance policies protect the policyholder from economic losses that occur due to theft or vehicular accidents. Personal auto insurance policies help the insurer get rid of the economic losses due to an unexpected event. Auto insurance organizations earn their premiums through policyholders from their losses. They also get benefits from people who have not taken their claims and inform such people to invest their premiums that contribute largely in making profits for the insurance companies.

Factors:

You may pay the premiums to the auto insurance company on monthly or yearly basis. Auto insurance companies offer various flexible plans to insurance buyers. You get three types of choices for each statement. This means, the auto insurance policy covers you for events or financial losses mentioned in the policy only. If you get involved in an accident and suffer huge losses due to the accident, your insurance organization is liable to pay for the amount you are covered under the policy. Insurance coverage includes any kind of damage to property such as federal, state or vehicles, natural disaster such as storms, floods, destruction to the vehicle, towing, and replacement of vehicles. Whenever you are involved in an accident, the claims costs much more than the premiums you pay. However, according to the agreement of the policy, you are entitled to get complete coverage for your losses. Due to the accident, you might be responsible for damage to other people’s vehicle or property. These are also covered or insured under the terms of your policy. Auto insurance is mandatory in most of the states in the U.S. If you have vehicle insurance, it gives you a peace of mind and takes away the worries that may occur in times of emergencies. In certain states, you need to have a proof of your insurance policy to run a vehicle

Vehicle Insurance Costs:
Insurance companies charge the premiums of the vehicle depending on the locality you reside, the type of vehicle you drive and your driving record. You need to do a proper research and compare the prices before you select particular vehicle insurance. You may contact an agent or a broker, who has excellent knowledge about vehicle insurance. You may also contact these people, if you need to make any changes in the policy or for renewal purposes. In this way, you will be safe while choosing an insurance policy for your vehicle.

By: Rafael Davies

Alert – Auto Insurance, Health Insurance Not Allowing Pre-Existing Conditions

admin — Sat, 06 Feb 2010 05:51:21 +0000

The whole Federal Health Insurance Reform debate is out of control. Americans, Congressmen, insurance cannot be placed against a risk that has already been damaged. The only exception to that being auto liability insurance which is NOT covering any peril to property in your care, control or custody. Your body is your property (a physical being) in your care, control and custody just like your car. Ask any rebellious teenager if their body is not their property.

Health insurance companies make a profit from the premiums they charge. Some make much more profit than others and some are created as Not-For-Profit entities. Congress has attacked For-Profit health insurance companies on the grounds that they are creating ‘excessive’ profits. These health insurance companies are profiting on the backs of Americans health. How dare them!

What about auto insurance companies? Do they not create ‘excessive’ profits? Do they profit on the backs of Americans required by their state governments to maintain auto insurance if they are to legally operate a car on public roads? Why is Congress not attacking the auto insurance industry? Or, did I speak prematurely?

How different are the two insurance types? Not very different, are they? So why is Congress deciding to take over an industry that operates just like the auto insurance industry? Why are Americans allowing this to occur?

When you drive your car into a pole, another car, a fence, a barn, back of your wife’s car, your car will (possibly) suffer from physical damage to the body panels, the chassis, engine and/or cockpit. If you did not have ‘physical damage’ coverage (comprehensive and collision) at the time of the accident, you cannot go to an insurance agent or your existing agent and have physical damage added to your liability insurance policy. It’s too late. You elected not to carry the coverage or your car was too old from the insurance company perspective to accept physical damage coverage on your car. Either way, too bad so sad. You were too late.

When you have a heart attack at age 42 and do not have health insurance that covers heart attacks, you cannot go back to the health insurance company and ask to add it to your current policy. They will laugh you all the way to curb in from of their ginormous headquarter building. You’re too late. To bad so sad. “You should have called yesterday to add that coverage to your policy, sir.” “I did know I was going to have a heart attack today.” No kidding. That’s the whole premise behind insurance – insuring for loss at some time in the future, not some time in the past.

As a For-Profit small business owner, I do not understand why other Americans are so hellbent on Congress taking over an insurance industry, taking out everything insurance, and calling it ‘insurance’? If it walks, acts and quacks like a duck, then isn’t it a duck? In Washington, if walks, acts, and quacks like a duck that must mean grab it, tear it up, put it back together and make it look like a jackass while still calling it a duck. Wake up! After health insurance, what’s next? Auto insurance? Airlines? Banking? Automobile? (Oh yhea, they already got those two)!

By: Sean Kimbrough

Getting Auto Insurance In NY – Where To Get It

admin — Thu, 04 Feb 2010 09:58:36 +0000

Getting no fault insurance can vary a lot in price. I would recommend researching as much as you can about car insurance. For example, you can often opt for simply storage insurance coverage and pay as little as $20 per month.

You should be made aware of New York’s requirements for auto insurance. First, insurance coverage must be at least $25,000/50,000 for injury, $50,000/100,000 for death and $10,000 for property damage. New York is considered a no fault state. Remember, even if your car is not being used your insurance must remain in effect as long as it’s registration is valid. Motorcycles don’t have this requirement, as different insurance laws apply here. I would recommend looking into storage insurance if your car is only being used during the summer months.

You insurance carrier must be a New York insurance company. Using a an out-state company is not valid and your insurance will not be accepted is you are involved in accident. Upon receiving your insurance coverage your carrier is required to provide 2 insurance cards to you that will have a bar code strip on the back of it. You will need this when going to the DMV. The DMV will not accept any out of state insurance documents.

Finding an insurance company. This isn’t always an easy task to undertake. I would go with the one that you feel the most comfortable with. Response time to replace your vehicle should be important to you, if you happen to ever have to deal with that.

By: Frank Merrill

Massachusetts Auto Insurance – The Facts

admin — Wed, 03 Feb 2010 23:43:35 +0000

Massachusetts if the fourth most expensive state in the U.S. for car insurance and it is one of the most stringent when it comes to the minimum mandatory auto insurance cover requirements. These requirements are examined in more detail below.

Personal Injury Protection (PIP)
In an attempt to cut the number of lawsuits arising from auto accidents, Massachusetts became a no-fault state som time ago. This means that every driver must have a minimum of $8,000 PIP coverage to pay for the driver’s own medical expenses, vehicle damage and time lost from work.

Bodily Injury and Property Damage to Others
There is also a requirement to have coverage for bodily injury and property damage sustained by others in an accident caused by the insured driver. The minimum level for this coverage is $20,000 for medical expenses incurred by a single individual and $40,000 for the combined medical expenses of all the occupants of the car at the time of an accident and $5,000 for property damage.
If the actual medical expenses and/or property damage expenses exceed these figures then the driver at fault is liable to make up the shortfall. Whilst the medical expenses of the driver at fault are covered by PIP, damages to his vehicle or other property are not. Because of this it is recommended that drivers carry more than the minimum cover.

Un-insured/Under-Insured Driver Coverage
It is mandatory in Massachusetts for each driver to have un-insured/under-insured driver coverage. This will pay for any damages to either vehicle or person resulting from an accident involving insured and another motorist who is either un-insured or under insured and unable to pay the damages incurred or who leaves the scene of the accident.

The Massachusetts auto insurance industry is highly regulated which discourages companies out of state to do business there. This lack of competition tends to drive auto insurance rates up. State laws have been enacted which have brought some liberalization of the market and more are being introduced which it is hoped will attract out of state auto insurance companies and thus force rates down.

By: Colin R Cherry

Auto Insurance For Businesses

admin — Wed, 03 Feb 2010 23:11:54 +0000

Running a business can be very daunting. There are many aspects that you have to keep in mind, such as salaries, transportation, insurance for all your business goods and not to mention all the workings of the company too! A business is created to make money, so the wisest business decision to make is to protect that investment.

If your company owns a fleet of vehicles or trucks, the most important thing you need to do is to insure these vehicles. If you provide company vehicles for any of your employees, those vehicles will need to be insured under the employees’ names too. You do not want to take the risk of having to replace a vehicle should it be involved in an accident. You will be able to obtain insurance under the company name, with certain employees as designated drivers on the policy.

There are many different car insurance companies that cater for the needs of businesses. One of the most popular kinds of car insurance that companies go for is the Pay As You Drive option. This is an insurance option that measures your policy based on how far you travel each month. They are able to tell how far you travel by the installed tracker on the vehicle. This is the reason why it is a great option for companies, as they will be able to accurately gauge how far their employees are traveling each month in relation to their petrol allowance. Business owners can also keep track on where their employees are going each month during work hours. In addition to this, the security of their company fleet is protected as there is a better chance of finding a stolen vehicle when it has a tracker installed.

The most important thing for the business is keeping the insurance costs down. The first thing the business would need to do is to compile some quotes for comparisons. This allows you to make an informed choice. Most car insurance companies will have a specific kind of coverage deal for businesses. This is called business auto insurance. The insurance company will offer a package deal for the business owner, depending on how many vehicles are going to be insured under them. If you are insuring more than one vehicle you will pay a lot less for your business insurance than if you were going to just insure one vehicle on business insurance. Another money saving factor to take into consideration is housing all your businesses’ insurance needs under one insurance company. If you protect your business assets, premises and put your company’s other insurance needs under the same company as your car insurance, you may find that you obtain a better deal.

It need not be an expensive, overwhelming ordeal to insure your company’s vehicle fleet. The best thing to do is to insure you are getting the best deal possible, and not pay a large fee simply because you are falling under the business bracket. Remember that businesses can get even better deals for loyalty and for bulk insuring.

By: Danny Aaron

Getting Auto Insurance Online

admin — Wed, 03 Feb 2010 02:59:11 +0000

First of all, one could use the world wide web. Using the internet to get auto insurance has many advantages. Not only will it save you a lot of time, but it could essentially save you a lot of money as well. It is easy to search for insurance over the computer as long as you have access to the internet. All you need to do is simply open up any search engine and type in the words “auto insurance” followed by your zip code.

You will most likely get two different types of results when you search for auto insuranc. You could either go through a website that will collect many different quotes from various companies, or you will be directed to one particular auto insurance company. If you are not sure what company you want to go with, it is best to use a website that will do the work for you. All you need do it is input some information, such as your name, address, and email, and you will be given many different quotes from auto insurance companies in your area. This is a great way to compare different companies and choose the one that is best for you. On the other hand, if you already know what company you want to go with, you could go directly to their website.

Once you know what auto insurance company you are going to choose, it is easy to buy auto insurance directly over the computer. This is another advantage of using the internet to find insurance. You could not only purchase your policy, but you also can print out your insurance cards and get immediate coverage within minutes.

If you do not have the internet, do not worry. There are other ways to get auto insurance. There are agencies out there that will get you the coverage you need and rates from many different companies. You could even open up your phone book and look under insurance companies. By simply calling around you are sure to find a company that best works for you.

If you would rather go and talk to someone face to face, you also have that option. You could look up an auto insurance company location and actually go and talk to a representative. Sometimes it is better to go and talk to a representative face to face, especially if you have a lot of questions about your policy.

As you could see there are many different ways to go about getting auto insurace. Since it is usually a necessity, finding the right company is important. Depending on your preferences you are able to choose the way you want to go about getting auto insurane. No matter which way you choose to go, you are sure to find a company that best works for you.

By: Swane Kate

California Car Insurance Requirements

admin — Tue, 02 Feb 2010 18:15:09 +0000

California Law requires all motor vehicle owners to have insurance which provides Bodily Injury Coverage and Property Damage Coverage.

In the State of California the required minimum coverage for bodily injury is $15,000 per person injured in any one accident and $30,000 for all persons injured in any one accident.

The required minimum coverage for property damage is $5,000 for injury to or the destruction of property of others in any one accident.

Optional insurance may include Uninsured Motorist Coverage. If the policy holder makes this choice, the actual coverage purchased must be at least the amount of the required Bodily Injury Coverage. If the policy holder purchases more than the required amount of Bodily Injury Coverage, Underinsured Motorist Coverage may then be purchased in a lesser amount. The State of California does not require insurance companies to provide Uninsured Motorist Coverage in any amount greater than $30,000 per personal injury in any one accident and $60,000 for all persons involved in any one accident.

As well, if Uninsured Motorist Coverage is purchased, then the policy must also include Underinsured Motorist Coverage. California requires insurance companies to offer for purchase Underinsured Motorist Coverage in an amount equal to that purchased for Uninsured Motorist Coverage. Insurers may, however, offer a greater amount of Underinsured Motorist Coverage than the Uninsured Motorist Coverage actually purchased by the policy holder.

California requires liability limits of 12/30/5 which represent $20,000 for bodily injury coverage per person and $30,000 for bodily injury coverage per accident which will pay for medical bills and lost wages. The last number of 5 represents $5,000 for property damage coverage per accident which will pay for repairs and/or replacement of objects damaged or destroyed other than the policy holder’s own vehicle.

Personal Injury Protection (PIP) and No-Fault Coverage are not required by the state.

Adding Collision Coverage as well as Comprehensive Coverage to an insurance policy is optional as well in California.

By: Elizabeth Newberry

Auto Insurance Reviews Are Valuable Consumer Resources

admin — Tue, 02 Feb 2010 02:25:46 +0000

Society benefits from auto insurance. The policy holder benefits. An injured party benefits. Choosing the right insurance depends on an informed and educated public. Reviews provide the needed information, allowing members of the public to determine which insurance company provides the best coverage and service for their needs.

Before purchasing car insurance, consumers must realize that there’s more to a great insurance company than just the best price. You should read reviews which rate companies on service, financial condition, and the quality of their products. Then you will be able to make a smart decision based on the business practices and financial strength of the company you choose.

It important consumers have resources to decide on which products fit their circumstances. The consumer must consider their current financial conditions and obligations. Consumers need to also consider the types of coverage a company offers. Uninsured motorist coverage, medical pay coverage, comprehensive and collision are just some of the auto insurance products consumers must consider. Consumers must also consider discounts offered such as safe driver, age discounts, good student, multi car, and combining coverage with homeowners, etc.

You can find many company reviews which will offer you important insight about a company you’re thinking of doing business with. The reputation and performance of the company are important considerations as you make your decision to buy auto insurance. Reviews can tell you company history regarding consumer complaints, government actions against the company, lawsuits, redlining, and any other legal infractions.

Auto insurance reviews provided by fellow consumers can give insight in the service provided at times of need. Financial responsibility laws and the threat of civil litigation demands the operators of automobiles have the capacity to pay damages that occur due to the negligence. An unreliable company can spell disaster to a consumer faced with liability as a result of an auto accident. Reviews can be found all over the web, in consumer newsletters or magazines as well as from governmental agencies. Consumers must do their due diligence when selecting coverage. Consumers should also consider the availability of assistance from agents, adjustors and customer service representatives. A quick uninformed decision based solely on price might be more costly in the long run.

These reviews are so widely available and can be invaluable when making an insurance decision. Before relying on any particular review, a consumer must also consider the source of any review. Reports created by independent sources will provide the most object information.

By: Sveinung Skoglund

Auto Insurance Tips For the Smart Shopper

admin — Mon, 01 Feb 2010 08:45:58 +0000

When most people purchase auto insurance they will often overlook the conditions and coverage of their auto insurance. This can lead to a very bad situation if you end up in an accident and only then find out that your insurance doesn’t cover you the way you expected. This can potentially leave you out of pocket or without your vehicle.

Here are a few tips that can help you to avoid a bad situation:

1. Read the product disclosure statement, this will tell you exactly what is covered and under what circumstances you are not covered.

2. Choose the right cover for ALL drivers. Don’t choose to exclude inexperienced drivers to get a discount if an inexperienced driver only drives your vehicle sometimes. An accident can happen anytime.

3. Only pay for what you need. There’s no point in paying for options such as a hire car if you only drive your vehicle on the weekend and have other means for getting around during the week.

4. Don’t make small claims for incidents such as a scratch or dent on the bumper of your vehicle. Your auto insurance will often increase and the yearly increase may well be higher than the cost to simply pay for the repairs yourself.

If you are in doubt about anything when it comes to purchasing or renewing your auto insurance you should consult your insurance provider or do a little research on the internet to find the information you need and set your mind at ease.

By: Nigel Fooks

Finding Auto Insurance in Lubbock, Texas

admin — Sun, 31 Jan 2010 01:46:47 +0000

If you live in Lubbock, Texas and you need an Auto Insurance then you definitely on a right place. There are many Auto Insurance Companies in Lubbock, Texas to choose from. Here is a list of them.

AUTO PARTNERS INSURANCE :

Auto Partners Insurance, located at 1711 34th Street, offers auto insurance for all cars and also for all drivers with no down payment. They also offer many discounts, immediate coverage and Mexico Insurance.

Their timings are Monday through Friday 9am-6pm and Saturday 9am-1pm.

Auto Partners Insurance can be contacted at (806) 749-7200 for more information

ALL WRITE INSURANCE :

All Write Insurance, located at 2413 20th Street, offers a full line of auto insurance policies for any problem you may have. They offer impressive discounts for good drivers.

They are in operation from Monday to Saturday.

All Write Insurance can be contacted at (806) 763-2886 for a free quote or for more information.

TEXAS WEST INSURANCE AGENCY

Texas West Insurance Agency, located at 2138 19th Street, offer automotive, watercraft and truck insurance.

They offer same day coverage and preferred rates for preferred drivers. They specialize in Truck Insurance.

They are in operation from Monday to Friday 8:30am to 5:30pm.

Texas West Insurance Agency can be contacted at (806) 763-3300 for more information.

SANFORD INSURANCE AGENCY

Sanford Insurance Agency, is very old in this business, located at 6303 Indiana, They has been doing business since 1935. They provide insurance for auto, home, business, life and health. They provide all insurance lines of business, from small client risks to jumbo accounts.

They have a specialty department for contractors, medical malpractice and oil and gas.

Sanford Insurance Agency can be contacted at (806) 792-5564 for more information.

FRED LOYA INSURANCE

Fred Loya Insurance, located at 106 North University, They are specialist in Auto Insurance since 1974.

They offer many discounts including 20% multi car, 20% prior insurance, 10% renewal, 10% home owner and 10% preferred rates.

Options include monthly policies, semi-annual policies, SR-22’s and immediate coverage.

Their working Timings are Monday to Friday 9am-7pm and Saturday 9am-2pm.

Fred Loya Insurance can be contacted at (806) 744-2500 for more information.

SHORT INSURANCE

Short Insurance, located at 2415 20th Street, offers almost every type of Insurance such as auto, home, motorcycle and commercial and business insurance. They are an independent insurance agent.

Short Insurance can be contacted at (806) 744-0125 for a quote or for more information.

TEXAS STATE LOW COST INSURANCE INC.

Texas State Low Cost Insurance Inc., located at 2406 34th Street, has been serving in this business from 27 years. They provide auto and home insurance.

They offer monthly or 6-month policies, They insure all cars and all drivers.

Their Timings are Monday through Friday 9am to 5:30pm and Saturday 9am to 1:00pm.

Texas State Low Cost Insurance Inc. can be contacted at (806) 792-5555 for more information.

BUTLER-CARSON INSURANCE

Butler-Carson Insurance, located at 4505 82nd Street, Suite #10, has three agents with over 70 years combined experience. They have been in the Lubbock area since 1956, so they are no.2 in experience after Sanford Insurance Agency..

They offer personal insurance which includes homes, auto insurance but they specialize in autos, motorcycles, boats and personal watercraft, recreational vehicles, mobile homes and health insurance. They also offer business insurance which includes commercial property, general liability, business auto, workers compensation, professional liability and group life and health and many more.

Butler-Carson Insurance can be contacted at (806) 798-7979 for a quote or for more information.

By: Umer Hayat