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Monthly Archives: February 2017

Tips to Buy Car Insurance

What Are Your Assets? – Do you own a home? Do you have several vehicles? Do you own a business? Do you rent an apartment? Your strength in assets is a factor when selecting your liability limits. If you accidentally injure or kill someone in an automobile accident and you carry low liability limits on your car policy then your assets are next in line to be used to pay for the damages.

The Age of the Vehicles – Newer vehicles usually require physical damage coverage by the lender. Older vehicles with a lot of miles sometimes do not warrant physical damage. Physical damage rates can be adjusted up or down based on the deductible you choose.

The Age of The Drivers – Adult rates, senior adult rates, and rates for young drivers make a huge difference in the overall rate. Young drivers on vehicles with physical damage coverage can be very costly.

What are the Discounts? – There are a number of discounts on car policies. The multi-policy discount is given by insurance companies for purchasing both auto and home insurance. Retirement discounts are available to the senior adult. Young drivers receive discounts for drivers training education. Some companies give good student discounts for young student drivers that maintain a 3.0 grade point average.

Full Tort or Limited Tort – Many states have a discount for selecting a limited tort option. Tort is your right to sue for pain and suffering damages over and above the basic liability settlement. This varies from state to state.

This is the overall picture what insurance companies use to determine your individual rate. You have a choice when it comes to liability, physical damage, and tort options. Ask plenty of questions about these three areas when purchasing car insurance.


Lower Your Rates with These Tips

One of the most important things you can do to lower your rates is to shop around. Make certain you get at least three different price quotes and you’ll even be able to access this type of information by using the Internet. Prices of automobile insurance vary from one company to the next, so you’ll want to ask others you know where they get their insurance from. It will pay to compare prices on the same coverage.

Another way to lower the cost of your automobile insurance is to ask for a higher deductible. The fact is if you increase your deductible by even $400, you can reduce your coverage by up to 30 percent. However, if you do raise your deductible, you’ll want to make sure that you would be able to pay it if there was a claim.

Make sure you check with your insurer to find out if they offer any discounts. Many will offer discounts for having a higher deductible, more than one vehicle on the automobile insurance, having a clean driving record for so many years, taking a defensive driving course, and even having low annual mileage. Many will offer a discount if you work within a certain amount of miles from your home. The fact is there may be many discounts that would apply to you but are not given to you since you didn’t ask.

You may also find lower rates by not having multiple drivers on your policy. If you are the only one to drive your car, there is no reason to have all people in the household on it. You may also be able to lower your rates by letting them know the exact value of your vehicle. The fact is many of us think are cars are worth more than they actually are. If you bought your vehicle four years ago, obviously the value of the car has gone down considerable. Don’t overpay on your vehicle if you do not have to.

If you have several types of insurance, such as homeowner’s insurance and life insurance, you may be entitled to a discount by getting all your insurance needs through one insurance company. Many may offer reduced rates for this, but it is still important to shop around multi-policy rates.

Many of us are paying a lot more than we should have to for automobile insurance. Keeping your driving record clean is, of course, a must to keep your rates lowered. You’ll find many of us could have much lower rates if we simply price compared and asked about what discounts may be available to us. Don’t pay too much for your automobile insurance. Start your price comparing today!


Inexpensive Online Auto Insurance

Finding a reputable auto car insurance company is a job within itself, and like buying a home, it is imperative you clearly understand what you are getting. When in search of cheaper car insurance rates you should take into account all the factors that can affect your car insurance premiums. So before you sign on the dotted line, read the fine print of Automobile Insurance Policy to insure you are getting the necessary coverage to protect yourself. It happens time and time again, when the car owner gets into an accident or fender bender, the coverage they thought they were paying for is not part of their policy which can lead to out-of-pocket expenses.

Get several car insurance quotes

Some key factors when shopping for cheap car insurance is to first make sure you get at least three or four quotes since the price you pay for your car insurance can vary by hundreds of dollars. Finding cheaper insurance rates depends on your previous driving records, to include any type of infraction such as speeding, seat belt and auto accidents. Age, gender and the type of car you are seeking auto insurance coverage on including the age of the vehicle, will clearly be critical factors in determining your annual car premiums.

It is equally important to find a car insurance company that can answer any questions you may have and how quickly they handle claims fairly and efficiently. Once you decide on a quote you are satisfied with, before agreeing to anything check with your state insurance department about the company’s history. Finding out the financial well-being of an insurable institution and the number ratio of consumer complaints, could avoid headaches or any future regrets.

Learn the facts about car insurance

Some other ways of saving money is to ask your insurance broker or agent for a higher deductible. The deductive is the amount of money you pay before the insurance company pays out on your claim. The purpose of requesting a higher deductible can lower your auto rates substantially. When you increase the deductible from $500 to $1,000 you can potentially save you over 40% on your car insurance rates simply because the insurance company will pay out less for your claim. However, if you know that you can not pay out the higher deductible should something happen to your car in the instance of an accident, and then it is best to remain at a lower deductible.

When figuring out the appropriate insurance coverage for your car, take into account the age of the car. This could also influence your auto premium, for example you may want to consider excluding the collision or comprehensive coverage on an older car. It is not cost saving to yourself when you continue to pay full coverage on a car worth less than amount you pay for your insurance coverage. If the car has a market value of $2,000 or less, you would not want to pay more in premiums since you will never get back what you are paying out.

You can easily find out the current market value of your car in order to find out what coverage you will require from a number of valued sources such as banks, auto dealerships, or go online and use the search term, “finding the value of your vehicle”. You can find several reputable services where all you have to do is type in the applicable information about your car and instantly you will have the market value. As the saying goes, an educated consumer is a smart consumer, the more you understand prior to purchasing auto insurance, you will be able to make an informed and valued decision.