Auto insurance » Auto Insurance

Why Is Insurance Good To have?

admin — Wed, 23 Jun 2010 10:10:38 +0000

Perhaps you are wondering why you need to have insurance. After all, you may be young and healthy, so why pay the money for an insurance policy? The answer to this question varies depending on the type of insurance your considering, but as a whole insurance is an important part of your financial plan.

First, some types of insurance are required by law or by lenders. If you have a mortgage, for instance, your lender will require you to have homeowners insurance. Lenders and state laws require auto coverage as well. For this reason, you really do not have a choice about purchasing auto insurance.

Insurance protects you from the things that you cannot anticipate. Accidents, natural disasters, or unexpected illnesses can strike without warning. The medical bills, repair bills, and other expenses caused by these events could wipe out your finances completely. Consider, for instance, if your home were to catch on fire. If you did not have insurance, you would have to pay for all of the repairs and replace all of your belongings out of your own pocket. Chances are you do not have this type of money.

Health insurance is one of the most common types of insurance to ignore, particularly for those who are in good health. Health insurance is expensive, but if you end up with cancer or some other devastating illness, you will not be able to afford the necessary treatment without health insurance. Cancer treatment, for instance, can cost millions of dollars. Without insurance, you would not be able to get access to the treatment that could potentially save your life.

Life insurance is another product you may not want to purchase. However, if you die without it, those you leave behind will have to pay thousands of dollars for your funeral expenses. You can purchase a small policy for an affordable price and be able to protect your loved ones after your death. As you can see, insurance is important for a variety of reasons, and living without it is a dangerous gamble that you should not make.

By: Cary Bergeron

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

Auto Insurance – The Questions You Ask

admin — Tue, 26 Jan 2010 00:08:39 +0000

Once you own a car, it becomes mandatory by law that you get a minimum insurance cover at least to ensure the safety of other road users. Since it is compulsory, you need to note some these facts.

You need to first know the types of car insurance.

The first is Liability coverage which is actually compulsory because it protects other road users. You can in addition to this take up a collision coverage which pays you for damages to your car caused by accidents. You can also decide to take up a comprehensive coverage to take care of any damage to your car. Adding a personal injury coverage will ensure that whatever injuries sustained in an accident would be taken care of.

You need to decide exactly what you want and then look at the types of coverages that are available and pick policies that soot your need.

Next know the implication of your deductible. What is this?

This is the amount you are required to come up with before the insurance company would make good on your claim. The rule for this is simply this. The higher the deductible you choose, the lower the rates you pay and the lower the deductible you choose, the higher the rates you pay. A lot of people rush into choosing the lowest deductible possible thinking they have a wonderful deal. You would likely be better of with a higher deductible and a lower premium.

Find out what is the minimum coverage for the state you live in as the minimum vary from state to state. Knowing this, you can the decide if it is okay for you or need to get more.

A lot of people pay a lot more than they should pay simply because they did not take enough time to compare several quotes before committing to one.

Free quotes are one of the most effective tools for getting the best deals on your insurance. Many don’t believe until they have tried it.

Try it, get and compare as many quotes as you can before making a commitment and you would testify to how it saved you a lot of money.

Don’t take my word for it, get free online quotes now and decide for yourself if it is worth it. What do you loose, since it is absolutely free of charge and obligation.

In fact, start with these two.

By: Chimerenka Odimba

Auto Insurance Ripoffs

admin — Sat, 23 Jan 2010 20:15:59 +0000

When you pay your monthly car insurance premium, you may wonder why its so high, and whether you are being scammed. In fact, however, the culprits are usually the people with the insurance, and not the companies providing it. Want to know why? Here are some of the most common auto insurance ripoffs:

Sometimes people will use their insurance to get a new car when their old one is just about to give out. If the driver gets into an accident just as the engine hits 150,000 miles, for example, you have to wonder.

Other dishonest drivers stage a low speed accident, and then claim thousands in medical bills, sometimes going so far as to claim permanent disability.

Taking this a step further, the scammer may even bring a few friends along for the accident, and then claim that these passengers also suffered injuries. The friends settle for a goodly sum, and then give the primary culprit a percentage of their take.

What may seem like a relatively minor scam, but can actually run into serious money is the person who, wanting to make sure that parts are replaced and not just repaired, will intentionally cause additional damage after the accident.

Finally, it may not be the owner of the car but the repair shop who devises the scam. Some shops will drastically inflate the costs of repairs, reasoning that the money isn’t really coming out of anyone’s pocket.

Insurance companies that provide auto coverage have a few defenses against scams. One is the use of deductables. Since the insurance holder has to pay out of pocket the full amount of the deductable before the company has to pay anything, this theoretically reduces the incentive to use insurance. Second, making a claim against your insurance can result in a significant increase in premiums, and this increase can be applied for years. Again, this discourages frivolous and fraudulent use. Finally, fraud is a criminal offense, and offenders can be prosecuted. Those convicted may face jail time.

In the end, though, the people who are hurt most by fraud are the innocent people who do nothing wrong. They are the ones who have to make up for fraud losses in the form of higher premiums. Because every auto insurance quote has some amount factored in for fraud.

By: Aiden Matthew Wilson

Auto Insurance Student Driver

admin — Sat, 23 Jan 2010 04:43:31 +0000

There are many issues, concerns, and considerations when thinking about automobile insurance for a student. Many of them have to do with discounts and savings, some have to do with options on coverages. Let’s dive in.

If the student is just getting their driver’s license, the parents can expect to see a hike in their insurance premiums. These hikes historically have been greater for boys than girls (though statistically girls are proving to have more accidents, so this trend is reversing). It is not unheard of for premium rates to increase as much as 50 to 100 percent. Yes, you read that correctly.

That leads to one of the primary courses of action one should take (whether you’re adding a student driver to your policy or not), and that is to do some comparison shopping. Not all insurance providers are created equal and one of the greatest differences may not become apparent until you see how they handle drivers in the 16 to 25 age range. It could pay you greatly to take the time and comparison shop.

The insurance industry is all a numbers game. That is they have researched which types of people tend to be better drivers (have less accidents and claims) than others. They have found a correlation between good grades in school and fewer accidents. Therefore, if a student maintains a B average they can qualify for a “good student discount” which may be as much as 5 to 10%.

Driver’s education program have become pretty much standard fare. Discounts do apply. Some states require such courses for a teen to get their license at age 16, otherwise, it will be at age 18. Driver’s education can provide a discount of up to15%.

Related to a driver’s education program is the safe driving programs that are specifically tied to some insurance providers. Some insurance companies offer their own driver’s safety program. Teens who apply for a complete these programs can qualify for another discount of up to 15%. Check with your insurance provider, or, this may be a consideration when doing your comparison shopping.

Another consideration that can greatly affect automobile insurance premium rates has to the with the car itself. Younger drivers (and many older ones) are greatly enamored with a certain kind of car – their dream car. Many times that translates into much higher premium rates. Cars with more safety features and less horsepower can be much less expensive to insure.

One final insurance matter that often applies to students has to do with short term auto insurance. Of course, the cheapest option is for a student not to be a full-time insured driver. That’s not always possible, but many university students can get by without having or using a car regularly. But the time does come when that person is going to have to drive. Temporary insurance can be secured for as short a time as one (1) day and up to twenty-eight (28) days. That may just fit the bill for a university student needing to drive home for a break or the end of a semester.

By: David Deffenbaugh

What Are The Auto Liability Insurance State Minimums For My State?

admin — Wed, 20 Jan 2010 23:28:12 +0000

As you shop online for the best auto insurance deals you may begin to ask yourself what exactly is required by law when it comes to auto insurance. Fortunately this article outlines the auto liability insurance state minimums that you are required to have in order to legally drive in the United States. No matter what state you drive in all of them have financial responsibility laws and require motorists to purchase minimum amounts of auto liability insurance except for Tennessee, Wisconsin and New Hampshire.

Many websites and advocates of insurance (to include myself) recommend having a minimum of $100,000 for bodily injury protection per person and at least $300,000 for property damage costs and physical injury costs. The main reason for this is due to the increased amount of money needed to rectify an accident is usually more then what the states declare as the minimum amount of insurance coverage needed.

I have compiled the following information from the American Insurance Association, the Property Casualty Insurers Association, and the Insurance Information Institute. It shows the auto liability insurance state minimums as required by each state. In order to understand the numbers you must know what the mean. The first two numbers are for bodily injury liability and the third number represents the minimum amount of property damage liability.

As an example my home state of Missouri shows the following – Missouri 25/50/10. This means Missouri requires as a minimum coverage up to $50,000 for all persons injured in an accident, subject to a limit of $25,000 for one individual, and $10,000 coverage for property damage.

Alabama 20/40/10 Alaska 50/100/25 Arizona 15/30/10 Arkansas 25/50/25
California 15/30/5 Colorado 25/50/15 Connecticut 20/40/10 Delaware 15/30/5
D.C. 25/50/10 Florida 10/20/10 Georgia 25/50/25 Hawaii 20/40/10
Idaho 25/50/15 Illinois 20/40/15 Indiana 25/50/10 Iowa 20/40/15
Kansas 25/50/10 Kentucky 25/50/10 Louisiana 10/20/10 Maine 50/100/25
Maryland 20/40/15 Massachusetts 20/40/5 Michigan 20/40/10 Minnesota 30/60/10
Mississippi 10/20/05 Missouri 25/50/10 Montana 25/50/10 Nebraska 25/50/25
Nevada 15/30/10 New Hampshire 25/50/25 New Jersey 15/30/5 New Mexico 25/50/10 New York 25/50/10 North Carolina 30/60/25 North Dakota 25/50/25 Ohio 12.5/25/7.5
Oklahoma 10/20/10 Oregon 25/50/10 Pennsylvania 15/30/5 Rhode Island 25/50/25
South Carolina 15/30/10 South Dakota 25/50/25 Tennessee 25/50/10 Texas 20/40/15
Utah 25/50/15 Vermont 25/50/10 Virginia 25/50/20 Washington 25/50/10
West Virginia 20/40/10 Wisconsin 25/50/10 Wyoming 25/50/20

Remember these figures only represent auto insurance liability state minimums. Many experts agree that more insurance is needed in order to fully protect yourself in the event you’re involved in an automobile accident.

By: Tim Gorman

Auto Insurance For Teens

admin — Wed, 20 Jan 2010 06:40:43 +0000

Teen auto insurance is a high risk factor for all insurers. The crash rate for teenagers is so high that it is usually preferred by parents not to let them drive untill they are older.

Usually, the most prevailing factor behind teenage drivers is peer pressure. Hence in order to keep your teenager safe at the same time as paying lower auto insurance premium for your teenager, you need to follow certain tips.

First of all, you need to realize that teens aver privileges that come with maturity at the same time as staying away from the attendant responsibilities. It is necessary to let your teenager know that with every privilege there is some responsibility or the other!!

Secondly, you should make them pay their auto insurance premium themselves or at least put in a considerable amount. This is a step that helps assert the fact that they would be far more protective and feel a bit more responsible.

Tips To Help You Ensure Your Teenager’s Safety

These tips generally work if you already have a close relationship with your teen.

1. Make sure your teenager does not drive around with peers unless you or some other responsible adult is present in the car with them.

2. Ascertain that your teen does not drive at night. It has been suggested that people driving at night are at a major risk of having accidents.

3. Let them know that they can not drive while being drunk and that they cannot drive if they have taken even a sip of an alcoholic beverage.

4. It is necessary for them to know that racing on the highway is not a good idea. A speeding ticket should lead to being grounded.

5. For taking the car out, they must tell you where they are going. If you are not comfortable, they need to take a cab.

It is necessary for you to get hold of and compare quotes from insurance quotes sites. All you need is just fifteen minutes to get quotes from a select few quotes sites.
Furthermore, make sure you give your accurate details as you fill the questionnaires presented.

After receiving your quotes, compare them in order to find out which serves your interest best both in price and value.

By: Gilchrist Adam

Auto Insurance Buying Checklist

admin — Fri, 15 Jan 2010 01:47:22 +0000

Purchasing car insurance is a difficult process. Not only do you need to wade through dozens of different offers to find the right one, but you also need to make sure that you thoroughly read the fine print in order to make sure that you are not getting ripped off by the insurance company. It is indeed a major decision in your life and for that reason it is a decision that you should think about thoroughly before you make it.

While everyone thinks about the different types of car insurance options available to them, that is not the type of thinking that is being discussed in this article. Rather, the type of thinking that is being discussed has to do with making sure that your car insurance covers all of your needs. You can be the best at weeding out bad offers, but if the final offer does not cover everything you need for your insurance then you are going to be in pretty bad shape if you don’t have that realization before you make the purchase.

A Car Insurance Checklist

Because of this, one of the first things that you should do when considering the purchase of a car insurance policy is to generate a car insurance checklist. This is simply a list created on the computer or on a piece of paper. On the list you will write down all of the different things that you need your car insurance to do for you. When the list is finished, you should look it over and make revisions, removing points that are redundant or adding ones that you didn’t initially think about. Do this a few times to make sure that you have a truly accurate list and when you are done you should have the perfect model of what your ideal insurance plan would look like. To help you get started, some obvious checklist items are listed below.

Legal Requirements

The first item on your checklist should have to do with the legal requirements of insurance in the area in which you live. Different places have different car insurance requirements. In the United States for example, car insurance is regulated on a state level and each state has specific minimum coverage amounts for the amount of vehicle injury, the amount of personal injury and the amount of personal fatality coverage that a person needs to have.

All of the car insurance plans are technically required to be in line with those state requirements as a minimum matter, but it is also true that insurance companies will sometimes try to skirt these requirements and sell packages to people that are not legal in terms of the amount of coverage that they offer. For that reason, it never hurts to keep these legal requirements in mind when you are checking out the different insurance plans available in your area.

Personal Requirements

Personal requirements have to do with auto insurance values that you would feel comfortable with. A lot of people never truly figure out what their personal requirements are when it comes to insurance because they do not like thinking about the unpleasant things that might happen to them when they are driving their car. While it is certainly understandable that you would not want to think about such things, you need to get over it in order to make sure that you get the best insurance plan possible.

So, right now, think about the worst thing possible happening to you in your car. Then, think about the type of coverage that you would like to have in a perfect world. Add this coverage as a goal under the personal requirements note in your checklist and then continue to add new points to the checklist using these two as a basis.

By: Amy Nutt

Auto Insurance St. Louis – Finding a Low Rate

admin — Tue, 05 Jan 2010 00:54:51 +0000

Before you start shopping for your auto insurance St. Louis, you should know what coverage the state of Missouri requires you to purchase. You will need to purchase liability coverage on your auto insurance St. Louis policy for a minimum of $25,000 per person, $50,000 per accident, and $10,000 for property damage. Don’t even contemplate purchasing your auto insurance St. Louis and then dropping it, because the Missouri Department of Revenue has begun tracking drivers to make sure they maintain liability coverage. Letting your auto insurance St. Louis lapse could cost you your driver’s license and vehicle registration.

However, liability coverage alone may not be the only auto insurance St. Louis coverage that you want for your vehicle. With the percent of uninsured drivers in Missouri counties ranging from over 11 percent to as low as half a percent, uninsured driver coverage can protect you from costly premium increases and accident repairs should you be involved in an incident with an uninsured driver.

Other coverage to consider for your auto insurance St. Louis coverage includes medical payment coverage, which will reimburse the insured and others for medical or funeral expenses. You may also want rental car reimbursement for your auto insurance St. Louis policy so that you are covered if you need to rent a vehicle while your damaged auto is being repaired. Plus, with so many things that could happen to your car besides a collision or theft, you may want to add comprehensive coverage to your auto insurance St. Louis to protect you in the case of fire, flood, or other disasters.

By: Joshua Miller

Auto Insurance For Your Kids

admin — Thu, 19 Nov 2009 04:31:37 +0000

Auto insurance can be very expensive for young drivers. Parents are often worried (with good reason) when a young adult reaches driving age. Here are some things that can help manage the risk and cost.

My opinion is that a young driver should generally not be given a car and insurance without cost or obligation. If the young adult has to work or make a significant household contribution they may have more respect for the privilege being granted. It could also be helpful to have a written agreement about your rules for granting driving privileges. In most states a parent can withdraw permission for the young adult’s driver’s license. This should be considered if the young driver shows recklessness. Many insurance companies have a young driver’s safety program. Your agent may have information on this. Your insurance agent may also be willing to consult with the new driver about how the family’s policy will be affected by an accident or ticket for the new driver. To help keep costs down it is very important for the new driver to avoid tickets or accidents. A couple tickets or accidents could result in the entire family’s auto policy costs to be extremely high!

The largest factor to holding down a young drivers insurance cost is to have liability insurance only on the new driver’s vehicle. That would only be advisable if the cash value of the young persons vehicle is low and you can afford the cost of losing it. The type of vehicle driven can also make a significant difference. (In general the type of car the young adult doesn’t want will have the lowest insurance cost, for example a station wagon vs. a high performance sports car.) Most insurance companies give a discount if the new driver completes an approved safety course. There may also be a good student discount. Check with your insurance agent about available young driver discounts. If the rate for adding the new driver doesn’t seem reasonable you may want to shop rates from different companies. One item that you should not skimp on is the amount of liability coverage. THE STATE MINIMUM IS NOT ENOUGH PROTECTION! Consult with your agent and be sure you and the new driver have enough coverage.

By: Glenn Lamb