Auto insurance » Property Damages

Alabama Auto Insurance – Requirements and Tips to Reduce Your Rates

admin — Thu, 29 Apr 2010 20:39:46 +0000

Alabama auto insurance is compulsory in Alabama. Insurance coverage shelters you from unforeseen eventualities and expenses in an accident. Besides, Alabama auto insurance is a legal requirement for all Alabama drivers.

What is the Compulsory Insurance Coverage?

Alabama auto insurance provides compulsory coverage of bodily injury and property damage liabilities. Bodily injury liability is $20,000 for physical injuries per person in an accident, $40,000 for all physical injuries to all persons in an accident, and property damages coverage is $10,000 for an accident. Of course, these are minimum limits and it is best to have higher insurance limits for better coverage in case of any accident.

Why do I need auto insurance?

Alabama auto insurance protects you from accidents and associated expenses, but you need it more so to adhere to the state law. Lack of minimum liability insurance is illegal and wrong.

What is proof of my auto insurance?

Insurance companies provide you insurance card listing all details like your vehicle make, model number and year of purchase of vehicle, vehicle identification number, name of insurance company, name of insured, policy number with effective, and expiry dates of policy. Sometimes there are other proofs of your Alabama auto insurance like premium receipt, liability insurance policy, temporary insurance card, certificate of your insurance from your insurance company, copy of rental agreement mentioning insurance coverage, etc.

Need I carry insurance proof?

Yes, you need to carry proof of your Alabama auto insurance in your vehicle. You should be able to show it to law enforcement officers when asked for. If you do not possess insurance proof, you are guilty of improper conduct and face fines of $500. Repeated offense imposes stringent fines and suspension of your license.

What decides my insurance premium?

Auto insurance companies fix insurance rates according to overall driving habits of state drivers. It is an average of all necessary fees and exact insurance premium depends on further calculations like your age, vehicle type, place of residence, etc. You can get numerous quotes from different Alabama auto insurance companies and choose the most suitable insurance for your vehicle.

By: Austin Davis

Mexican Auto Insurance – What’s Different From US Insurance?

admin — Mon, 18 Jan 2010 07:57:25 +0000

First of all, the US operates on a “innocent until proven guilty” system. Mexico is the exact opposite. If you are involved in a car accident, you will be immediately detained until fault is determined and the accident is settled. US insurance holds no bearing in Mexico, so you need to make sure that you purchase adequate amounts of Mexican auto insurance before crossing the border. You need to have enough coverage to pay for the injuries and property damages that an accident could cause. If you aren’t properly insured, you could face thousands of dollars in fines, legal fees, and even a vacation in a Mexican jail.

Doesn’t sound fun? Then you just need to purchase Mexican auto insurance that provides the coverage you need. Many online companies sell this insurance, and some larger American companies sell it as well. For example, AAA offers a great policy for those in need of auto insurance in Mexico. Don’t buy Mexican auto insurance from just anyone. You need to make sure you get it from a reputable company, and that you carry proof in your vehicle at all times to alleviate confusion or complications.

Also, before traveling out of the country, you need to be sure you’re fluent in the foreign language- at least enough so that you can stand up for yourself in the event of an accident. It’s also imperative to keep a cell phone on you at all times, and to keep in contact with your family and friends in the states who may be able to assist you. Mexican law enforcement doesn’t play games. Anyone who is accused of a crime goes straight to jail until they are proven innocent. Wouldn’t it be easier to prove your innocence at the accident scene and save the trip to jail?

Mexican insurance policies are very particular. If you request emergency services treatments or EMT services, these are usually limited to the cities of Mexico and not rural areas. Additionally, health insurance from the US usually isn’t accepted in Mexico, so medical payments coverage will be helpful in your Mexican auto insurance policy.

By: Costas Peppas

Auto insurance news guide

admin — Wed, 06 Jan 2010 11:59:59 +0000

Auto insurance is another name for security of your vehicle. As the name suggests auto insurance is all about insuring one’s vehicle against all kinds of threats for instance theft, accident and other related dangers. The basic types of auto insurance coverage are -

1. Bodily injury liability, which provides coverage for bodily injury claims from the people who might get injured in an accident with your vehicle.

2. Property damage liability covers any property damages to third parties such as another person’s car you damaged or are responsible for.

3. Medical expenses to the policy owner and other passengers in the policy owner’s car.

4. Uninsured and underinsured motorist coverage saves the negligent driver with or without insufficient insurance. In most states, this covers only bodily injury losses while in other cases property damage losses are also included. However it is quite important for everyone to get this coverage because it protects us from all expected as well as uninvited problems. For instance at some places an uninsured motorist caught driving with a suspended license in a car with a revoked registration goes to jail.

5. Physical damage stands for damage to your car that can be through accident or any other means such as collision, storm etc. In this the collision coverage pays for the physical damage caused to a person’s vehicle through collision.

However prior to purchasing an auto insurance policy there are quite a few things, which should be borne in mind. For instance- shop for the best policy available, always ask for high deductibles, check the insurance of the car or any other vehicle prior to purchasing it, coverage of the car varies with its worth, the profile of the company through which you will buy the insurance and last but not the least go with a low cost auto insurance for instance at places such as Santa Clara, San Marino Mateo and Alameda counties low cost auto insurance has arrived at premium rate of $322 and $355 respectively.

Whereas the auto insurance rates are concerned the American Farm Bureau suggests that the insurance rates for a driver should be based on the risk of that the driver should be based on the risk that the driver confronts for having an accident or loss and since rural drivers in the rural areas are less prone to risks, they should not be asked to pay more for their auto insurance.

In California there is a debate over the auto insurance policy rates. While on the one hand due to the rules offered by California Department of Insurance the rates of auto insurance are expected to touch the sky, on the other hand the California Farm Bureau strongly opposes it and claims that the new rates presses rural residents to shell out more money in order to subsidize the cost for urban residents.

However nowadays auto insurance companies are troubled with excess of crime or fraud in this area. Lately in North Carolina thirteen people were arrested accused of staging motorcycle wrecks to collect insurance money. Many such cases are reported in other parts of the world. As a result the government of different countries is looking for ways and means to combat the crime situation.

By: Mansi Aggarwal