The growing number of consumers taking up health insurance plans has led to the mushrooming of scam health insurance providers. These providers often target new retirees and the elderly individuals and small-business owners, who can't negotiate better rates with legitimate insurers. Be very cautious before you invest in any health policy. Read on to get an idea about 3 ways in which your health insurance company can scam you.
1. Failure to pay claims
Usually fraud health insurance agents sign up a huge number of people quickly by offering them lucrative deals. These insurance providers keep paying small premium amounts and medical claims, but if there is a substantial claim amount or regulators catch them, these illegal companies vanish as if they never existed.
So, just beware if you are getting delayed payments or your service provider is offering fake excuses for the failure to make the payments. If you have signed up for these illegal plans, you may be liable for the medical bills of your employees as well.
2. Non-licensed health plans
If the company from which you have bought your health care policy is not licensed by State Insurance Commissioner, you can be in trouble. If all the protections of insurance regulation do not apply on your service provider, then the company may be phony. In this case your service provider is scamming you by selling non-licensed health plans.
Insurance agents are not allowed to sell any legitimate ERISA or union plan as federal law governs them. So, if your insurance agent tries to dupe you by selling an “ERISA” or “union” plan, report them to your state insurance department.
3. Unusual coverage offered at lower rates
If you are offered an unusual coverage irrespective of your health condition and that too at lower rate and much more benefits in comparison to other insurers, its time for you too hit the panic button. Do not get fooled by the lucrative offer, else you can be taken for a ride. The ‘scamsters’ aim to collect huge amounts as early as possible so, they try to sell maximum number of policies at attractive prices.
Kamis, 10 Desember 2015
Selasa, 08 Desember 2015
Auto Insurance
Yellow Pages Ad Campaign is an excellent advice if you are shopping for auto insurance. Shop around and do it yearly. Do not just keep paying your invoice over and over without comparison shopping.
Insurance agents really have a lot of leeway. They can price match and they can offer a lot of discounts. There are also a lot of decisions you canmake about your policy that will save you a bundle. For example, if you change your deductible on your collision from a $50 deductible to a $1000 deductible, you抮e inline for a huge premium savings. If you Do not think you can come up with $1000 out of pocket, then change it to a $500 deductible; you抣l still save a sizable amount on your annual premium payment. However, if they have an accident and totaled their vehicle, the insurance company will only pay them the wholesale value of the vehicle. The amount they would receive can be $1000 or less. A vehicle that old just needs the insurance that protects the other person in case of an accident.
Another method to save more on your insurance is by combining your vehicles and other insurance together to get you additional savings. All insurance companies offer a multi-car discount (if yours does not, it is time to switch companies). Further, A lot of will discount more if you have your homeowners or renters policy with them. You canalso get more of a savings if you change your comprehensive deductible. A lot of people needlessly carry full coverage on their older vehicle. They originally purchased the vehicle new, paid for full coverage and to this day, continue to pay the same high rate. Their ten year old vehicle may be worth $1000 or less, yet they continue to pay $250-$450 every six months (total $500 to $900 dollars a year) to keep full coverage on their old vehicle. There are a few other discounts that you may not be taking advantage of. It seems obvious, but make sure you are getting the correct rate for your age. There are discounts for various ages than cansave you lots of money. Check with your agent on this one. Also alarm systems on your vehicle are usually good for a discount. Additionally, anti-lock brakes and air bags canalso help lower your premiums.
Do not just keep paying the invoice when it comes in. Your insurance bill should be an automatic trigger for you to make a few phone calls to see if you cansave even more money on your auto insurance premiums.
Insurance agents really have a lot of leeway. They can price match and they can offer a lot of discounts. There are also a lot of decisions you canmake about your policy that will save you a bundle. For example, if you change your deductible on your collision from a $50 deductible to a $1000 deductible, you抮e inline for a huge premium savings. If you Do not think you can come up with $1000 out of pocket, then change it to a $500 deductible; you抣l still save a sizable amount on your annual premium payment. However, if they have an accident and totaled their vehicle, the insurance company will only pay them the wholesale value of the vehicle. The amount they would receive can be $1000 or less. A vehicle that old just needs the insurance that protects the other person in case of an accident.
Another method to save more on your insurance is by combining your vehicles and other insurance together to get you additional savings. All insurance companies offer a multi-car discount (if yours does not, it is time to switch companies). Further, A lot of will discount more if you have your homeowners or renters policy with them. You canalso get more of a savings if you change your comprehensive deductible. A lot of people needlessly carry full coverage on their older vehicle. They originally purchased the vehicle new, paid for full coverage and to this day, continue to pay the same high rate. Their ten year old vehicle may be worth $1000 or less, yet they continue to pay $250-$450 every six months (total $500 to $900 dollars a year) to keep full coverage on their old vehicle. There are a few other discounts that you may not be taking advantage of. It seems obvious, but make sure you are getting the correct rate for your age. There are discounts for various ages than cansave you lots of money. Check with your agent on this one. Also alarm systems on your vehicle are usually good for a discount. Additionally, anti-lock brakes and air bags canalso help lower your premiums.
Do not just keep paying the invoice when it comes in. Your insurance bill should be an automatic trigger for you to make a few phone calls to see if you cansave even more money on your auto insurance premiums.
Auto Insurance Quotes
By taking the time to shop for and compare auto insurance quotes, you can find the best policy that is right for you, and many times you can lower the cost of your auto insurance coverage.
Many drivers see auto insurance as a necessary expense, but one that is distasteful to them. When asked if they'd pay for auto insurance if it wasn't required by law, some admit that if they didn't have to pay for auto insurance they'd save themselves the money.
The truth is that given the right insurance, in unexpected circumstances it can be very beneficial to have paid those insurance premiums every month. Auto insurance can provide financial protection and help prevent severe financial hardship in the event of an unexpected accident.
Shopping around and getting auto insurance quotes from several companies can allow you to compare the companies, their policies, and the cost of their premiums. In order to effectively do this though, you need to have enough information to make a real comparison between one set of auto insurance quotes and another.
This information can help you make sure that you get the coverage you need from a good company at the lowest rate.
So what should you do to make sure that you get the most accurate auto insurance quotes available? Here are some suggestions from experts:
1. Make sure that you compare similar policies.
Auto insurance quotes take into account the types of coverage you select, the amount of deductibles you're willing to pay and a number of other factors when figuring your premium. In order to accurately compare a number of quotes, make sure that each quote you request is for the same options on your policy.
2. Give the same amount of information to each agent that you ask for auto insurance quotes.
Whether you're comparing quotes online through a web interface or over the telephone, the amount that you're quoted will be affected by where you live, how far you drive to work each day, how old you are, who else may drive your car, as well as a number of other factors.
The more information you can give when you ask for a quote, the more accurate the insurance agent can be with his estimate. The opposite of that holds true, too – the less information you give, the more general the quote will be. If there is any question, an agent will usually quote you a higher rate.
3. Ask about special discounts for safety features as well as safe driver points.
When you're gathering quotes for auto insurance, be sure to ask directly about safety feature discounts and safe driver discounts that may apply in your situation. Then you can be sure that they are included in your quotes.
4. Understand the differences in insurance terminology.
What is the difference between collision coverage and comprehensive coverage? How can raising your deductible lower your insurance costs? What will replacement transportation or glass coverage cost, and is it worth it for you? Researching the answers to these questions and knowing which options are included in your auto insurance quotes will make it far easier to decide which is the best policy for you.
For more information, see http://www.make-getting-insurance-easy.com/auto-insurance-quotes.html.
Many drivers see auto insurance as a necessary expense, but one that is distasteful to them. When asked if they'd pay for auto insurance if it wasn't required by law, some admit that if they didn't have to pay for auto insurance they'd save themselves the money.
The truth is that given the right insurance, in unexpected circumstances it can be very beneficial to have paid those insurance premiums every month. Auto insurance can provide financial protection and help prevent severe financial hardship in the event of an unexpected accident.
Shopping around and getting auto insurance quotes from several companies can allow you to compare the companies, their policies, and the cost of their premiums. In order to effectively do this though, you need to have enough information to make a real comparison between one set of auto insurance quotes and another.
This information can help you make sure that you get the coverage you need from a good company at the lowest rate.
So what should you do to make sure that you get the most accurate auto insurance quotes available? Here are some suggestions from experts:
1. Make sure that you compare similar policies.
Auto insurance quotes take into account the types of coverage you select, the amount of deductibles you're willing to pay and a number of other factors when figuring your premium. In order to accurately compare a number of quotes, make sure that each quote you request is for the same options on your policy.
2. Give the same amount of information to each agent that you ask for auto insurance quotes.
Whether you're comparing quotes online through a web interface or over the telephone, the amount that you're quoted will be affected by where you live, how far you drive to work each day, how old you are, who else may drive your car, as well as a number of other factors.
The more information you can give when you ask for a quote, the more accurate the insurance agent can be with his estimate. The opposite of that holds true, too – the less information you give, the more general the quote will be. If there is any question, an agent will usually quote you a higher rate.
3. Ask about special discounts for safety features as well as safe driver points.
When you're gathering quotes for auto insurance, be sure to ask directly about safety feature discounts and safe driver discounts that may apply in your situation. Then you can be sure that they are included in your quotes.
4. Understand the differences in insurance terminology.
What is the difference between collision coverage and comprehensive coverage? How can raising your deductible lower your insurance costs? What will replacement transportation or glass coverage cost, and is it worth it for you? Researching the answers to these questions and knowing which options are included in your auto insurance quotes will make it far easier to decide which is the best policy for you.
For more information, see http://www.make-getting-insurance-easy.com/auto-insurance-quotes.html.
Auto insurance information guide
Auto insurance as we all know is the insurance consumers purchase for their vehicle be it a car, truck or any other automobile. The purpose of auto insurance is to safeguard the vehicle against accidents, theft and any other loss incurred. Auto insurance can cover, the insured party, the insured vehicle and the third parties. Different policies specify the situations under which each of these items is covered.
Like life insurance, auto insurance too has become the need of the hour. A surge in insecurity of the vehicles has resulted in many big and small companies venturing in this area and trying their luck.
There are different types of auto insurances available. The policies vary with the need and wants of the people purchasing the policy. For example certain types of insurance policies include bodily injury liability, property damage liability, medical payments, and collision and comprehension coverage for physical damage to the insured vehicle.
Broadly speaking an auto insurance policy is divided into five parts.
1. Declarations- this part of policy contains personal information about the drivers in your house. This includes their name and address, make and model of the vehicle, vehicle identification number, policy number, duration etc. This part also comprises of basic type of coverage that you purchased and your policy limits and deductibles. It is very important to provide correct information in this area; otherwise the insurance claim can be declined at ease.
2. Coverage Parts- in this option the coverage limits such as liability, medical, collision and comprehensive are discussed. This section primarily outlines what your insurance company guarantees to provide in return for your payment, based on the coverage and coverage limits opted.
3. Exclusions- this section briefs about what is left uncovered by your policy’s limitations. From here you will get to know that what all will be covered when you make a claim and allows you to make rectifications in the policy.
4. Conditions- this section is all about legitimacy i.e. the legal bindings on the insurer and the insured. It includes premium payment obligations, steps to filing a claim, and guidance to resolve disputes.
5. Definitions- also known as fine print, this segment is where terms and the rights of the policyholder and the insurance company are defined.
In several countries it is mandatory to purchase auto insurance before driving on public roads. The least requirement in this area is third party insurance to protect the third parties against the loss, damage or accident by a vehicle. You may or may not get an insurance cover against loss or damage to your own vehicle. While some other countries make the insurance of both the car and the driver compulsory.
Car insurance plans a regular flat charge per-car or per year despite of the extent to which the car is used. There is no adequate statistical basis for the insurers to compare costs used to support price classifications. Other well known methods of differentiation are reasonable estimation, odometer based systems, GPS based system and OBDII-based system.
Like life insurance, auto insurance too has become the need of the hour. A surge in insecurity of the vehicles has resulted in many big and small companies venturing in this area and trying their luck.
There are different types of auto insurances available. The policies vary with the need and wants of the people purchasing the policy. For example certain types of insurance policies include bodily injury liability, property damage liability, medical payments, and collision and comprehension coverage for physical damage to the insured vehicle.
Broadly speaking an auto insurance policy is divided into five parts.
1. Declarations- this part of policy contains personal information about the drivers in your house. This includes their name and address, make and model of the vehicle, vehicle identification number, policy number, duration etc. This part also comprises of basic type of coverage that you purchased and your policy limits and deductibles. It is very important to provide correct information in this area; otherwise the insurance claim can be declined at ease.
2. Coverage Parts- in this option the coverage limits such as liability, medical, collision and comprehensive are discussed. This section primarily outlines what your insurance company guarantees to provide in return for your payment, based on the coverage and coverage limits opted.
3. Exclusions- this section briefs about what is left uncovered by your policy’s limitations. From here you will get to know that what all will be covered when you make a claim and allows you to make rectifications in the policy.
4. Conditions- this section is all about legitimacy i.e. the legal bindings on the insurer and the insured. It includes premium payment obligations, steps to filing a claim, and guidance to resolve disputes.
5. Definitions- also known as fine print, this segment is where terms and the rights of the policyholder and the insurance company are defined.
In several countries it is mandatory to purchase auto insurance before driving on public roads. The least requirement in this area is third party insurance to protect the third parties against the loss, damage or accident by a vehicle. You may or may not get an insurance cover against loss or damage to your own vehicle. While some other countries make the insurance of both the car and the driver compulsory.
Car insurance plans a regular flat charge per-car or per year despite of the extent to which the car is used. There is no adequate statistical basis for the insurers to compare costs used to support price classifications. Other well known methods of differentiation are reasonable estimation, odometer based systems, GPS based system and OBDII-based system.
Auto Insurance Guide- Get your Auto Insurance Policy
Auto insurance provides complete protection against losses happened as a result of vehicle accidents. Normally it includes car insurance and motor insurance. The customers purchase this insurance policy just to reduce the risk incurred due to accidents of cars, trucks and other vehicles. People can also secure their vehicles against theft, fire damage or accident damage.
Auto insurance policy may cover insured party, insured vehicle as well as third party that are involved in the accident. Sometimes policy is valid for certain circumstances. Different policies are available for the customers and they can purchase anyone as per their requirements. Coverage levels can vary for each auto insurance policy.
Insurance is one of the essential things to secure you, your family as well as your vehicle. You’ve to just pay a certain amount of premium for a fixed period of time and then the insurer agrees to pay you for any kind of damages or loss of your vehicle. Cost of an insurance policy totally depends on the coverage because your policy covers more only if you pay more.
Auto insurance is expensive because it is the best way to secure you and your automobile. Main types of auto insurance are as follows:
Fully Comprehensive auto insurance policy
Third party (fire & theft)
Third party insurance
Specialized car insurance
People mostly purchase fully comprehensive auto insurance policy as it covers all types of cases like theft, accident and other damage. It is an expensive policy but whenever you go to buy this one you should try to get 100% security for your vehicle. Third party insurance is cheapest than others and it offers coverage only if you’re at fault and hit other party. It is the best option in case you owned an old vehicle.
Specialized car insurance is for the 25 years old vehicles. These vehicles require special services so these are categorized as classic. An individual can choose the best as per his/her requirements. But whenever you go to purchase these policies you’ve to be sure about the source from where you’re going to buy the insurance policy. You should first make you budget means how much you can afford to pay for auto insurance policy premium.
After deciding your budget, make a decision on amount of coverage that you want for each accident. You should tell your requirements to different insurance companies and agents. You should discuss your problems with the companies. Then choose the best among them means select that company which is ready to give more coverage. You can also search on Internet for the best service providers.
Auto insurance policy may cover insured party, insured vehicle as well as third party that are involved in the accident. Sometimes policy is valid for certain circumstances. Different policies are available for the customers and they can purchase anyone as per their requirements. Coverage levels can vary for each auto insurance policy.
Insurance is one of the essential things to secure you, your family as well as your vehicle. You’ve to just pay a certain amount of premium for a fixed period of time and then the insurer agrees to pay you for any kind of damages or loss of your vehicle. Cost of an insurance policy totally depends on the coverage because your policy covers more only if you pay more.
Auto insurance is expensive because it is the best way to secure you and your automobile. Main types of auto insurance are as follows:
Fully Comprehensive auto insurance policy
Third party (fire & theft)
Third party insurance
Specialized car insurance
People mostly purchase fully comprehensive auto insurance policy as it covers all types of cases like theft, accident and other damage. It is an expensive policy but whenever you go to buy this one you should try to get 100% security for your vehicle. Third party insurance is cheapest than others and it offers coverage only if you’re at fault and hit other party. It is the best option in case you owned an old vehicle.
Specialized car insurance is for the 25 years old vehicles. These vehicles require special services so these are categorized as classic. An individual can choose the best as per his/her requirements. But whenever you go to purchase these policies you’ve to be sure about the source from where you’re going to buy the insurance policy. You should first make you budget means how much you can afford to pay for auto insurance policy premium.
After deciding your budget, make a decision on amount of coverage that you want for each accident. You should tell your requirements to different insurance companies and agents. You should discuss your problems with the companies. Then choose the best among them means select that company which is ready to give more coverage. You can also search on Internet for the best service providers.
Auto Insurance Fraud
The reason why automobile insurance has become distinctive in its nature, can be simply stated by the fact that a victim might start paying much higher premiums for acquiring a costly claim but he or his family might still need to pay with their lives someday.
Research
Ever since the introduction of automobiles into the modern world, Automobile Insurance fraud has turned out to be one the most organized crimes amongst a large variety of insurance scams of its kind. There are some common precautions that enable you to be aware, and protect your life from being butchered by a scammer. While taking precautions, you might also need to carry on a thorough research of the different forms in which auto insurance scams appear in today's world. Different instances of auto insurance scams show, how drivers might stop their vehicles in front of your car, deliberately confusing you to commit a mistake.
Foul Plays
Some of them might even pose friendly to you and even pretend to be innocent to have caused a rear-end fault intending to save your life. Such scam drivers would often make good money out of vehicle damages as also procuring large sums faking medical injuries. Irrespective of an accident being staged or not, these scam drivers would carry their vehicles into a different location and inflict heavier damages to their vehicles. This is done with the sheer intention to pretend as if the damages had been inflicted during the course of the original accident.
Smiling Faces
Sometimes you might come across people who pose as scam helpers, thereby inviting you to drive into traffic and commit the mistake of getting crashed by them. You need to be too careful at that, as these scam helpers would never own up their crimes while filing a claim. When in times of need they might even drive you to find an automobile repairing shop, a lawyer or a doctor where in all of these people are involved in a scam. In the course of their plan, the auto repairing shop might charge much higher rates from you while their counterparts would surely formulate lies to collect more from your insurance.
Henceforth, in today's world it has become absolutely important to get equipped to face such crimes at any time and place. To avoid such circumstances, every time you are driving you need to remain cautious about certain things. You need to be absolutely alert as to whether a scam driver is following you or might be observing you driving down for quite some days just to track down the pattern of your driving and your habits. In such cases you just need to make sure that you leave plenty of space between your car and the car in front of you, in order to ensure an instant stop when needed.
Incase any untoward incident takes place, just make sure that you take down all the vital in formations relating to the other car involved in the accident, the event itself, and especially particulars related to all the individuals present in the other car. If its possible, maintain a throwaway camera at your car to record the damages caused to both the vehicles. That is why its all the more important to ensure that you have enough space to move out and let other vehicles pass. You would also need to make a note of an overview of such an event that suffices to express your feelings in a better way while you would narrate the event to your insurance service provider.
Research
Ever since the introduction of automobiles into the modern world, Automobile Insurance fraud has turned out to be one the most organized crimes amongst a large variety of insurance scams of its kind. There are some common precautions that enable you to be aware, and protect your life from being butchered by a scammer. While taking precautions, you might also need to carry on a thorough research of the different forms in which auto insurance scams appear in today's world. Different instances of auto insurance scams show, how drivers might stop their vehicles in front of your car, deliberately confusing you to commit a mistake.
Foul Plays
Some of them might even pose friendly to you and even pretend to be innocent to have caused a rear-end fault intending to save your life. Such scam drivers would often make good money out of vehicle damages as also procuring large sums faking medical injuries. Irrespective of an accident being staged or not, these scam drivers would carry their vehicles into a different location and inflict heavier damages to their vehicles. This is done with the sheer intention to pretend as if the damages had been inflicted during the course of the original accident.
Smiling Faces
Sometimes you might come across people who pose as scam helpers, thereby inviting you to drive into traffic and commit the mistake of getting crashed by them. You need to be too careful at that, as these scam helpers would never own up their crimes while filing a claim. When in times of need they might even drive you to find an automobile repairing shop, a lawyer or a doctor where in all of these people are involved in a scam. In the course of their plan, the auto repairing shop might charge much higher rates from you while their counterparts would surely formulate lies to collect more from your insurance.
Henceforth, in today's world it has become absolutely important to get equipped to face such crimes at any time and place. To avoid such circumstances, every time you are driving you need to remain cautious about certain things. You need to be absolutely alert as to whether a scam driver is following you or might be observing you driving down for quite some days just to track down the pattern of your driving and your habits. In such cases you just need to make sure that you leave plenty of space between your car and the car in front of you, in order to ensure an instant stop when needed.
Incase any untoward incident takes place, just make sure that you take down all the vital in formations relating to the other car involved in the accident, the event itself, and especially particulars related to all the individuals present in the other car. If its possible, maintain a throwaway camera at your car to record the damages caused to both the vehicles. That is why its all the more important to ensure that you have enough space to move out and let other vehicles pass. You would also need to make a note of an overview of such an event that suffices to express your feelings in a better way while you would narrate the event to your insurance service provider.
Auto insurance explained
Automobiles particularly cars are quite expensive nowadays. For many people it takes several years of hard work and lot of savings to purchase a car. So it becomes essential to secure a vehicle by the means of insurance. Automobile insurance is the best way to protect you the automobile and the huge amount invested in it.
Auto insurance is basically an agreement between an insurance company and a vehicle owner. The latter is required to pay premium at a certain fixed tenure while the former agrees to pay for any damage or loss of the vehicle. In many countries it is mandatory to have an auto insurance policy. For this policy does not just provide monetary assistance to a vehicle owner, it is also of great help while tracing a vehicle in case of theft and the like.
Once you make up your mind regarding which car (any other vehicle) to purchase, the foremost thing you ought to do is to decide the amount of liability coverage that you require. For help and further information in this area you can consult your local Department of Motor Vehicles. After you make up your mind about the liability sum, think about the type of insurance you want. There are different types of auto insurances policies available that vary according to their coverage. For instance the comprehensive auto insurance covers all cases of accident and theft of your vehicle. Whereas the Third Party, Fire and Theft insurance covers only those situations of accident when the policyholder collides his vehicle with someone else’s one. The company will not reimburse in case any other automobile hits the insured one. It is at your discretion as to which policy to adopt. The expense of the policy most often varies with its coverage. So the more a policy covers, the higher is its cost.
Thirdly look for the insurance company from where you desire to purchase your desired policy. For this purpose you can check out the sites of various insurance agencies, can acquire online quotes that are totally free of cost, make a survey in your social circle and so forth. However you should know that in order to determine the contemporary rates, companies take the help of statistical history. These rates depend on the money the required to pay on all claims and company business expenses. The rates of auto insurance policy are also related to the insurance company you choose. This is because each company offers different claim experiences with the number of people they insure. Moreover the cost of doing business i.e. the amount of money to be paid to sell and service their policies and the financial targets to achieve are different for different companies. The companies thus charge accordingly.
Along with these there are several other factors that directly affect your auto insurance rates. These are age, make and model of your vehicle, purpose served by the it, driving record, the manner in which you maintain your car and your credit ratings.
Auto insurance is basically an agreement between an insurance company and a vehicle owner. The latter is required to pay premium at a certain fixed tenure while the former agrees to pay for any damage or loss of the vehicle. In many countries it is mandatory to have an auto insurance policy. For this policy does not just provide monetary assistance to a vehicle owner, it is also of great help while tracing a vehicle in case of theft and the like.
Once you make up your mind regarding which car (any other vehicle) to purchase, the foremost thing you ought to do is to decide the amount of liability coverage that you require. For help and further information in this area you can consult your local Department of Motor Vehicles. After you make up your mind about the liability sum, think about the type of insurance you want. There are different types of auto insurances policies available that vary according to their coverage. For instance the comprehensive auto insurance covers all cases of accident and theft of your vehicle. Whereas the Third Party, Fire and Theft insurance covers only those situations of accident when the policyholder collides his vehicle with someone else’s one. The company will not reimburse in case any other automobile hits the insured one. It is at your discretion as to which policy to adopt. The expense of the policy most often varies with its coverage. So the more a policy covers, the higher is its cost.
Thirdly look for the insurance company from where you desire to purchase your desired policy. For this purpose you can check out the sites of various insurance agencies, can acquire online quotes that are totally free of cost, make a survey in your social circle and so forth. However you should know that in order to determine the contemporary rates, companies take the help of statistical history. These rates depend on the money the required to pay on all claims and company business expenses. The rates of auto insurance policy are also related to the insurance company you choose. This is because each company offers different claim experiences with the number of people they insure. Moreover the cost of doing business i.e. the amount of money to be paid to sell and service their policies and the financial targets to achieve are different for different companies. The companies thus charge accordingly.
Along with these there are several other factors that directly affect your auto insurance rates. These are age, make and model of your vehicle, purpose served by the it, driving record, the manner in which you maintain your car and your credit ratings.
Auto Insurance Comparison By State
A large number of vehicles in USA are increasing day by day, along with it the need of cheap auto insurance is also increasing. According to the data provided, there are more than 190 million motorists with 240 million registered vehicles. In this article we will study the auto insurance policies in the different US states:
Auto insurance companies in California: Every state has some rules and regulations that should be followed by all insurance companies. All auto insurance companies in California provide compulsory coverage’s fixed by government.
Coverages offered by auto insurance companies in California:
1. The amount of protection given for accident or injury caused in an accident ranges from $15,000 to $ 30,000.
2. Property damage coverage figured out up to $5,000.
3. Optional coverages offered by auto insurance companies in California are collision and comprehensive, medical payments and bodily coverage of underinsured or uninsured motorists.
Elements considered by “auto insurance companies in California” at the time of deciding rates.
1. Your age.
2. The kind of vehicle you possess.
3. Your driving record.
A Brief Insight to the Auto Insurance Rules and Coverage in Virginia
Auto insurance laws of Virginia do not match with other states. Motorists here bear responsibility for any damage or injury caused by accident. Virginia Beach auto insurance provides coverages in three forms.
a. Bodily injury coverage.
b. Property damage liability.
c. Underinsured and uninsured insurance coverage.
d. Liability minimums are 25/50/20.
Minimum Coverage provided by Virginia auto insurance:
1. Coverage in one accident or injury is $25,000.
2. Coverage in all injuries is $50,000.
3. Property damage coverage is $20,000.
Auto Insurance Rules and Coverage in Texas
Texas auto insurance requires you to have minimum liability. Many offers, discounts and lucrative deals are available. Your job is just to find the lowest quote for your self.
Minimum level of coverages:
Bodily Injury Liability (BI): $20,000 per person.
Property Damage (PD) coverage: $15,000 per accident.
With this comparison we can come to conclusion that auto insurance companies in California are comparatively expensive but they provide better coverage.
Auto insurance companies in California: Every state has some rules and regulations that should be followed by all insurance companies. All auto insurance companies in California provide compulsory coverage’s fixed by government.
Coverages offered by auto insurance companies in California:
1. The amount of protection given for accident or injury caused in an accident ranges from $15,000 to $ 30,000.
2. Property damage coverage figured out up to $5,000.
3. Optional coverages offered by auto insurance companies in California are collision and comprehensive, medical payments and bodily coverage of underinsured or uninsured motorists.
Elements considered by “auto insurance companies in California” at the time of deciding rates.
1. Your age.
2. The kind of vehicle you possess.
3. Your driving record.
A Brief Insight to the Auto Insurance Rules and Coverage in Virginia
Auto insurance laws of Virginia do not match with other states. Motorists here bear responsibility for any damage or injury caused by accident. Virginia Beach auto insurance provides coverages in three forms.
a. Bodily injury coverage.
b. Property damage liability.
c. Underinsured and uninsured insurance coverage.
d. Liability minimums are 25/50/20.
Minimum Coverage provided by Virginia auto insurance:
1. Coverage in one accident or injury is $25,000.
2. Coverage in all injuries is $50,000.
3. Property damage coverage is $20,000.
Auto Insurance Rules and Coverage in Texas
Texas auto insurance requires you to have minimum liability. Many offers, discounts and lucrative deals are available. Your job is just to find the lowest quote for your self.
Minimum level of coverages:
Bodily Injury Liability (BI): $20,000 per person.
Property Damage (PD) coverage: $15,000 per accident.
With this comparison we can come to conclusion that auto insurance companies in California are comparatively expensive but they provide better coverage.
Auto Insurance Black Box Technology Meets Your Darkest Fears
Back in the days before computers, auto insurance was personal and subjective. The insurance agent actually talked to the man he knew in the main office, called in a few favors, and got their best customers the best rates. Male drivers under 25 were charged a lot. Young females, being perceived as less risk, were charged much less.
Now, in the computer age, auto insurance companies have large databases of accident and claims records. By number-crunching these records they can tell what type of person is more likely to be a good driver and what type of person is more likely to be an accident risk. This ‘Black Box’ technology gives them insights into the background and behavior of the people who they think should pay more for their auto insurance. For example, people who carry minimum limits of liability are actually a greater risk than those who carry at least 50/100 ($50,000 per person, $100,000 per accident). And statistics have shown that those with bad credit scores are more likely to be involved in accidents.
In Texas, the minimum liability limit on auto insurance is 20/40. Yep. $20,000 per person, $40,000 per accident. Not much is it? And if that weren't bad enough, the minimum property damage is $15,000. Guess who makes up the difference if you're in an accident that's your fault?
In most states, auto insurance is regulated by the state. But that is only the beginning. The state uses tables of 'loss ratios', exposure, and other conjuring words, to justify what the auto insurance companies want you to pay. Every once in a while, just to throw you off, they will even announce a state-wide REDUCTION in auto rates. When they do, hold onto your wallet!
After the state sets the base rate, the individual companies negotiate with them to adjust their particular rates, claiming either a better or worse loss ratio than average. So, after the elections are over, the legislature allows exceptions, amendments, and endorsements to jack them back up to something the auto insurance companies can make a ton of money from.
And there’s more. Most states allow individual companies to set their own rules to determine who gets charged what. So, one auto insurance company rates a particular driver one way, while another company rates the same driver differently. Each company sets those underwriting rules.
So how are auto insurance rates determined? First, the state usually gets involved. Then companies toss the dice between staying competitive and making as much profit as they can for their stockholders. And finally, now that the 'Black Box' is here, auto insurance companies are taking a closer look at every driver. Career, credit score, past record, even the city you live in helps 'drive' the rates. They have even found that those who select low limits of liability are greater risks than those who select higher limits. So, by raising your liability limits, you may actually lower your auto insurance rate.
For some, the new 'Black Box' technology reduces rates by as much as 20% over those companies not using it. The bad news is, since credit scoring does play a part in ALL auto insurance rating, the worse your credit score, the higher your auto insurance will go. No more 'discounts', no more 'loyal customer' credits, and the like. You will be rated right down to your underwear, placed in a group of drivers almost identical to you, and charged accordingly.
Now, in the computer age, auto insurance companies have large databases of accident and claims records. By number-crunching these records they can tell what type of person is more likely to be a good driver and what type of person is more likely to be an accident risk. This ‘Black Box’ technology gives them insights into the background and behavior of the people who they think should pay more for their auto insurance. For example, people who carry minimum limits of liability are actually a greater risk than those who carry at least 50/100 ($50,000 per person, $100,000 per accident). And statistics have shown that those with bad credit scores are more likely to be involved in accidents.
In Texas, the minimum liability limit on auto insurance is 20/40. Yep. $20,000 per person, $40,000 per accident. Not much is it? And if that weren't bad enough, the minimum property damage is $15,000. Guess who makes up the difference if you're in an accident that's your fault?
In most states, auto insurance is regulated by the state. But that is only the beginning. The state uses tables of 'loss ratios', exposure, and other conjuring words, to justify what the auto insurance companies want you to pay. Every once in a while, just to throw you off, they will even announce a state-wide REDUCTION in auto rates. When they do, hold onto your wallet!
After the state sets the base rate, the individual companies negotiate with them to adjust their particular rates, claiming either a better or worse loss ratio than average. So, after the elections are over, the legislature allows exceptions, amendments, and endorsements to jack them back up to something the auto insurance companies can make a ton of money from.
And there’s more. Most states allow individual companies to set their own rules to determine who gets charged what. So, one auto insurance company rates a particular driver one way, while another company rates the same driver differently. Each company sets those underwriting rules.
So how are auto insurance rates determined? First, the state usually gets involved. Then companies toss the dice between staying competitive and making as much profit as they can for their stockholders. And finally, now that the 'Black Box' is here, auto insurance companies are taking a closer look at every driver. Career, credit score, past record, even the city you live in helps 'drive' the rates. They have even found that those who select low limits of liability are greater risks than those who select higher limits. So, by raising your liability limits, you may actually lower your auto insurance rate.
For some, the new 'Black Box' technology reduces rates by as much as 20% over those companies not using it. The bad news is, since credit scoring does play a part in ALL auto insurance rating, the worse your credit score, the higher your auto insurance will go. No more 'discounts', no more 'loyal customer' credits, and the like. You will be rated right down to your underwear, placed in a group of drivers almost identical to you, and charged accordingly.
Auto Insurance 101 Explained
Auto insurance can be confusing for most consumers; there are so many different types of insurance and it can be difficult to determine the type of coverage you’re required to carry versus the types of coverage that you really should carry in order to protect yourself but that are not required.
When considering how much car insurance you should have, it is best to do some research and find out what type of insurance is required by the state in which you reside. Not all states require the same levels of insurance. Some states require more types of coverage than others and states also vary in terms of the amount of coverage that is required. So, be sure you know exactly what the minimums are in the state where you live.
You should also understand what is covered by the different types of insurance in order to understand whether you need insurance coverage above and beyond the minimum required by your state of residence.
Bodily injury liability covers injuries that you cause to someone else while driving your vehicle. Generally the rule of thumb for this type of coverage is to purchase more than is required by your state minimums in order to protect your private assets from a law suit in the event that you injure someone.
Medical payments or personal injury protection, commonly known as PIP covers the treatment of injuries for the driver and the passengers of the vehicle. Depending on the level of coverage, this type of policy will compensate lost wages as well as medical payments.
Collision covers any damage that occurs to your vehicle in the event of an accident, even if it is your fault. Of course, a deductible will apply. Your lender will generally require this type of coverage while you still owe on the vehicle.
Comprehensive coverage is for the loss of your vehicle due to damage by something other than a collision such as theft, fire, natural disaster, vandalism, etc. Again, your lender will probably require this coverage for a financed vehicle. Once your loan is paid off, it’s up to you whether you want to continue carrying comprehensive and collision coverage.
Uninsured and underinsured motorist coverage can come in handy in the event that you are either involved in a hit and run or if you are hit by someone who does not have insurance or who is underinsured.
When considering how much insurance to take out, start with the amount that is required at a minimum by your state and then consider whether you’re required to take out any additional coverage due to lender requirements. Remember that while we all hope we won’t have a need for insurance, in the event that we do, it can be a financial lifesaver.
Finally, don’t forget to consider your options regarding deductibles. Raising your deductible can help you lower your premiums and that can make taking out additional insurance coverage more affordable. Just be sure you can reasonably afford the deductible in the event you need to use it.
When considering how much car insurance you should have, it is best to do some research and find out what type of insurance is required by the state in which you reside. Not all states require the same levels of insurance. Some states require more types of coverage than others and states also vary in terms of the amount of coverage that is required. So, be sure you know exactly what the minimums are in the state where you live.
You should also understand what is covered by the different types of insurance in order to understand whether you need insurance coverage above and beyond the minimum required by your state of residence.
Bodily injury liability covers injuries that you cause to someone else while driving your vehicle. Generally the rule of thumb for this type of coverage is to purchase more than is required by your state minimums in order to protect your private assets from a law suit in the event that you injure someone.
Medical payments or personal injury protection, commonly known as PIP covers the treatment of injuries for the driver and the passengers of the vehicle. Depending on the level of coverage, this type of policy will compensate lost wages as well as medical payments.
Collision covers any damage that occurs to your vehicle in the event of an accident, even if it is your fault. Of course, a deductible will apply. Your lender will generally require this type of coverage while you still owe on the vehicle.
Comprehensive coverage is for the loss of your vehicle due to damage by something other than a collision such as theft, fire, natural disaster, vandalism, etc. Again, your lender will probably require this coverage for a financed vehicle. Once your loan is paid off, it’s up to you whether you want to continue carrying comprehensive and collision coverage.
Uninsured and underinsured motorist coverage can come in handy in the event that you are either involved in a hit and run or if you are hit by someone who does not have insurance or who is underinsured.
When considering how much insurance to take out, start with the amount that is required at a minimum by your state and then consider whether you’re required to take out any additional coverage due to lender requirements. Remember that while we all hope we won’t have a need for insurance, in the event that we do, it can be a financial lifesaver.
Finally, don’t forget to consider your options regarding deductibles. Raising your deductible can help you lower your premiums and that can make taking out additional insurance coverage more affordable. Just be sure you can reasonably afford the deductible in the event you need to use it.
Auto Insurance - which one?
Auto insurance is often a sticky subject. Everyone feels like they’re paying too much to insure their car, and wants to know how to get their premiums down. It’s an industry that really lacks an effective way to make price comparisons, leading many people to switch every few years the way they do with credit cards or phone providers.
When you understand the factors that go into deciding the price you pay for auto insurance, however, you should find it much easier to read the market and use it to your advantage. This article should give you a basic grounding, but whole books have been written on the subject – it’s up to you how much you want to learn.
The most basic thing you need to understand is that insurance companies don’t decide premiums based on how much they like you, or how much they think you can afford. Insurance is based on one thing, and one thing alone: risk. Every time the insurance company has to pay out for an accident, they keep a record of the amount, and every other factor they can find – the make, age and model of the car, the age and gender of the driver, where they live, how long they have had a license, and so on. There are hundreds of factors.
From this, the insurance companies can build up what is called a ‘risk profile’. This allows them to work out the risk that they will have to pay out to any given person, and how much they would be likely to have to pay, based entirely on past experience. This is why a newly-qualified male driver in his twenties driving a sporty car has to pay so much to get insured – the statistics show that this group is by far the most likely to have an accident.
Once you understand this system, you can use it to your advantage. Obviously you can’t change who you are, but you can change your car. The make, model and age of your car are three quite important factors in your risk profile, and they’re all open to you to change. It is not difficult to use online insurance quotation tools to find out which cars are pricey in insurance terms, and which ones are cheaper, and use this to help you make buying decisions.
When you understand the factors that go into deciding the price you pay for auto insurance, however, you should find it much easier to read the market and use it to your advantage. This article should give you a basic grounding, but whole books have been written on the subject – it’s up to you how much you want to learn.
The most basic thing you need to understand is that insurance companies don’t decide premiums based on how much they like you, or how much they think you can afford. Insurance is based on one thing, and one thing alone: risk. Every time the insurance company has to pay out for an accident, they keep a record of the amount, and every other factor they can find – the make, age and model of the car, the age and gender of the driver, where they live, how long they have had a license, and so on. There are hundreds of factors.
From this, the insurance companies can build up what is called a ‘risk profile’. This allows them to work out the risk that they will have to pay out to any given person, and how much they would be likely to have to pay, based entirely on past experience. This is why a newly-qualified male driver in his twenties driving a sporty car has to pay so much to get insured – the statistics show that this group is by far the most likely to have an accident.
Once you understand this system, you can use it to your advantage. Obviously you can’t change who you are, but you can change your car. The make, model and age of your car are three quite important factors in your risk profile, and they’re all open to you to change. It is not difficult to use online insurance quotation tools to find out which cars are pricey in insurance terms, and which ones are cheaper, and use this to help you make buying decisions.
Auto Insurance, Policy Assets, and Customer Assistance
One morning a friend of mine was running late for class at school. His wife was throwing together some kind of breakfast while he gathered his laptop, notebook, and picked out the books he was going to need for school that day. He zipped up his pack and ran outside to warm the car up. Except, there was no car. It had been stolen. My friend ran into one disappointment after another that week as he first found the insurance company wouldn't pay for a rental, then that the damage the thief did to the car would only be covered up to the deductible and that somehow he was going to have to come up with the 500 dollars before the car could be fixed.
He had supposed he had done due diligence by going to one of those car insurance quotes sites and finding the lowest priced quote. He had thought by getting cheap car insurance he had beat the system somehow. In reality, his cheap car insurance turned out to be crappy car insurance. His problem stemmed from a lack of information about his car insurance.
Before you buy your next auto insurance policy be sure you know all of the facts about the company's service policies. Cheap car insurance is only cheap if the product is as good as the more expensive car insurance. A good place to start is with a free car insurance quote, however obtaining an auto insurance quote is not going to be enough unless you know what kind of service you expect and whether or not the company quoted will provide it. The two A's will keep you straight. They are, Assets and Assistance.
Assets
You want to make certain that your car insurance quote includes every asset you could want or need in an emergency. When you are high and dry without a car, will your insurance cover your transportation needs? Check to make certain that the company you are buying car insurance from will provide you with an auto rental if something goes wrong. If your car is stolen--as my friend's was-- undrivable, or in the car repair shop for a few days you want to make certain that a car will be available to you. If not, you will be forced to call your in-laws and give them one more reason why you aren't good enough for their daughter. Check that you have road-side assistance, some variation on lock-out service, and towing service provided by some insurance company. Remember the car insurance quote is only low if the car insurance product is good.
Assistance
Find out what the auto insurance company's customer service is like before you buy from them. How do you find out something like that? First, there is no way to know for certain what type of people you will end up dealing with, but there are ways to know the probability of having a good experience. First, there is the low tech way of asking your family and friends what their experiences have been. The lemon auto insurance companies will immediately pop up in a network search of that kind, but let's say that you are a hermit and have no family or friends, or like one friend of mine, your family is all from the catskill mountains without cars or running water. If that is the case then you will need to try the high tech method: use the internet. One way is to make use of the Better Business Bureau's search engine. At www.betterbusinessbureau.org you can find if any complaints have been registered against the auto insurance company in question and whether or not the company has resolved those complaints. I have checked the auto insurance companies that have treated my family poorly and they all seem to have a complaint--not made by me--against their name.
Another way to check the customer service of a company is to find a claims telephone number on their website and call it up. If their claims people are nice to you, the likelihood of the customer service being a positive team has just raised. After you have assessed the courtesy level of the auto insurance company's service department, then politely thank them for their time and hang up. No explanation necessary, they will just move on to their next call without giving you another thought. This technique is based on the theory that there are two kinds of companies: the ones who stock their sales teams with friendly people and put all the low-paid mean folks in their claims departments and the ones who stock both with friendly, professionals. Usually, this simple test will tell you the type of company with which you are dealing.
If the quoted auto insurance policy has both the assets you desire and a high quality of customer service, then the quote is a true quote. Remember if you think you might end up actually using the car insurance--which we should all assume we will--then check these two things before running after the apparently low premiums.
He had supposed he had done due diligence by going to one of those car insurance quotes sites and finding the lowest priced quote. He had thought by getting cheap car insurance he had beat the system somehow. In reality, his cheap car insurance turned out to be crappy car insurance. His problem stemmed from a lack of information about his car insurance.
Before you buy your next auto insurance policy be sure you know all of the facts about the company's service policies. Cheap car insurance is only cheap if the product is as good as the more expensive car insurance. A good place to start is with a free car insurance quote, however obtaining an auto insurance quote is not going to be enough unless you know what kind of service you expect and whether or not the company quoted will provide it. The two A's will keep you straight. They are, Assets and Assistance.
Assets
You want to make certain that your car insurance quote includes every asset you could want or need in an emergency. When you are high and dry without a car, will your insurance cover your transportation needs? Check to make certain that the company you are buying car insurance from will provide you with an auto rental if something goes wrong. If your car is stolen--as my friend's was-- undrivable, or in the car repair shop for a few days you want to make certain that a car will be available to you. If not, you will be forced to call your in-laws and give them one more reason why you aren't good enough for their daughter. Check that you have road-side assistance, some variation on lock-out service, and towing service provided by some insurance company. Remember the car insurance quote is only low if the car insurance product is good.
Assistance
Find out what the auto insurance company's customer service is like before you buy from them. How do you find out something like that? First, there is no way to know for certain what type of people you will end up dealing with, but there are ways to know the probability of having a good experience. First, there is the low tech way of asking your family and friends what their experiences have been. The lemon auto insurance companies will immediately pop up in a network search of that kind, but let's say that you are a hermit and have no family or friends, or like one friend of mine, your family is all from the catskill mountains without cars or running water. If that is the case then you will need to try the high tech method: use the internet. One way is to make use of the Better Business Bureau's search engine. At www.betterbusinessbureau.org you can find if any complaints have been registered against the auto insurance company in question and whether or not the company has resolved those complaints. I have checked the auto insurance companies that have treated my family poorly and they all seem to have a complaint--not made by me--against their name.
Another way to check the customer service of a company is to find a claims telephone number on their website and call it up. If their claims people are nice to you, the likelihood of the customer service being a positive team has just raised. After you have assessed the courtesy level of the auto insurance company's service department, then politely thank them for their time and hang up. No explanation necessary, they will just move on to their next call without giving you another thought. This technique is based on the theory that there are two kinds of companies: the ones who stock their sales teams with friendly people and put all the low-paid mean folks in their claims departments and the ones who stock both with friendly, professionals. Usually, this simple test will tell you the type of company with which you are dealing.
If the quoted auto insurance policy has both the assets you desire and a high quality of customer service, then the quote is a true quote. Remember if you think you might end up actually using the car insurance--which we should all assume we will--then check these two things before running after the apparently low premiums.
Auto Insurance - If You Want To Know All There Is To Know, Start Here
When it comes to owning a car, there are a few things that go along with the luxury. Drivers must pay for gas to get them where they need to go, pay for any repairs that may occur, and must be insured. While the occasional driver will drive five miles out of their way to get the best gas price in town, many drivers forget that they should shop around for cheap car insurance as well. There are several ways to end up with the best deal when it comes to cheap car insurance. You must do a little research however, and reach out for the best bargain around, because it will not likely reach out to you.
Minimum Coverage
If you are looking for extremely cheap car insurance, your best bet is to go with a company that offers minimum coverage. Each state requires a certain minimum amount of auto coverage in which all drivers must be covered under. While some of the more established insurance companies will not offer these low coverage options, there are other companies that specialize in minimum coverage policies. You won’t be getting all of the perks that come with a heftier insurance plan, but your quest for cheap car insurance will be complete.
Combination Offers
If you own a home or a life insurance policy, you may be able to get cheap car insurance by combining the policies under one insurance company. Many insurance agents will offer you a nice discount when you insure your vehicle, home, and life with their company. Sometimes you will only be required to have two of the three, while other times you will be required to purchase all three to get a discount of any type. Make sure that it is worth your while to merge all of your plans however. Never switch a policy unless you are sure the rates are more competitive and the discount will be worth your while.
Annual Quotes
The biggest mistake most drivers make is not requesting new auto insurance quotes each year. While you may not think much can happen in a year, many companies change their annual rates drastically. You may be able to secure a lower rate this year with a company that offered you a higher rate last year. These rates usually change due to the increase in your age. However, sometimes they are simply due to a company’s policies changing and becoming more competitive. So, about two months after your birthday each year, make a few calls to be sure you are getting the cheap car insurance you long for.
As you can see, when you use these simple insurance tips, you can guarantee you will always be getting the best cheap car insurance plan available. Consider signing up for a minimum coverage plan to save a few dollars. Remember that if your vehicle has a lien on it, you may not qualify for minimum coverage. Ask your insurance agent about any combination offers you may be eligible for. Lastly, be sure to call annually to get new auto insurance quotes from several companies in your area. When you are attentive to the possibilities, you will find that getting cheap car insurance is not as difficult as it seems.
Minimum Coverage
If you are looking for extremely cheap car insurance, your best bet is to go with a company that offers minimum coverage. Each state requires a certain minimum amount of auto coverage in which all drivers must be covered under. While some of the more established insurance companies will not offer these low coverage options, there are other companies that specialize in minimum coverage policies. You won’t be getting all of the perks that come with a heftier insurance plan, but your quest for cheap car insurance will be complete.
Combination Offers
If you own a home or a life insurance policy, you may be able to get cheap car insurance by combining the policies under one insurance company. Many insurance agents will offer you a nice discount when you insure your vehicle, home, and life with their company. Sometimes you will only be required to have two of the three, while other times you will be required to purchase all three to get a discount of any type. Make sure that it is worth your while to merge all of your plans however. Never switch a policy unless you are sure the rates are more competitive and the discount will be worth your while.
Annual Quotes
The biggest mistake most drivers make is not requesting new auto insurance quotes each year. While you may not think much can happen in a year, many companies change their annual rates drastically. You may be able to secure a lower rate this year with a company that offered you a higher rate last year. These rates usually change due to the increase in your age. However, sometimes they are simply due to a company’s policies changing and becoming more competitive. So, about two months after your birthday each year, make a few calls to be sure you are getting the cheap car insurance you long for.
As you can see, when you use these simple insurance tips, you can guarantee you will always be getting the best cheap car insurance plan available. Consider signing up for a minimum coverage plan to save a few dollars. Remember that if your vehicle has a lien on it, you may not qualify for minimum coverage. Ask your insurance agent about any combination offers you may be eligible for. Lastly, be sure to call annually to get new auto insurance quotes from several companies in your area. When you are attentive to the possibilities, you will find that getting cheap car insurance is not as difficult as it seems.
Auto Insurance - How to Keep The Premium Down
All Auto insurance premiums and costs are based on statistics. These statistics involve analyzing accident rates and theft rates for the different makes and models of automobiles, under differing circumstances. It is for this reason that auto insurance is significantly more expensive for teenagers than it is for adults. But there are many factors that determine the cost of your auto insurance premium.
Lets take a look at the main contributing factors.
A. Deductible.
Having a low or zero deductible on your auto insurance will significantly increase the cost of the policy. This is of course a tradeoff, because you are gambling on the fact that you won't need to make a claim. You can pay up to 10% less on your annual premiums buy increasing the deductible. But a word of warning, if the time arrives to make a claim then you will be digging deeper into your pockets to pay for the larger deductible.
B. Crime Rate .
If you are living in an area that statistically has high theft rates for your make and model of vehicle, then you will pay a higher premium. This is because your car has a much higher liklihood of being stolen, vandalized, or involved in an accident. There is not much you can do about this, you shouldn't move location just to cut your auto insurance costs. Don't make the mistake of asking one of your family who live in the rural if you can use their address for your auto insurance. If the insurance company discovers this, you may be in trouble when its time to make a claim.
C. Garage Parking.
The majority of auto insurance companies will give you to a slight premium reduction because cars parked in a garage are less likely to be stolen, vandalized, or damaged.
D. Mileage.
Some companies have a low milage discount if you drive less than a certain number of miles in a year. This is often difficult to become eligible for because you will need to limit your driving in order to qualify.
E. Anti-theft Alarms
Most auto insurance companies offer policy discounts if your car is equipped with a safety device or antitheft device
F. Shop around to find the cheapest auto insurance available.
Get a quote from every reputable auto insurance company in your town or city. Most reputable insurance companies are on the internet and its easy to get online quotes.
G. Insurance Consolidation.
Most insurance companies will give you significant discounts if you have all your insurance policies with the same company.
H. Driving Courses.
Most companies are now reducing the policy for people who take a driver education course. This mainly applies to new drivers. Insurance companies like to know that you are driver educated and therefore statistically have less liklihood of an accident.
I. Being Smart Helps.
Many car insurance companies are now offering discounts for higher than average grade students.
J. No Claim Bonus.
Most insurance companies will reduce the premium every year if you don't make a claim. Every year your premium will reduce if you do not have an accident.
K. Sports Cars Pay The Price.
If you have a high performace sports car then you better dig deep. Sports cars and up market luxurious cars are the most expense to insure. Many times the cost can be double or more than a standard family car.
So finally, to save on your auto insurance premium costs its a matter of keeping the above factors at a level that are in your favor.
Lets take a look at the main contributing factors.
A. Deductible.
Having a low or zero deductible on your auto insurance will significantly increase the cost of the policy. This is of course a tradeoff, because you are gambling on the fact that you won't need to make a claim. You can pay up to 10% less on your annual premiums buy increasing the deductible. But a word of warning, if the time arrives to make a claim then you will be digging deeper into your pockets to pay for the larger deductible.
B. Crime Rate .
If you are living in an area that statistically has high theft rates for your make and model of vehicle, then you will pay a higher premium. This is because your car has a much higher liklihood of being stolen, vandalized, or involved in an accident. There is not much you can do about this, you shouldn't move location just to cut your auto insurance costs. Don't make the mistake of asking one of your family who live in the rural if you can use their address for your auto insurance. If the insurance company discovers this, you may be in trouble when its time to make a claim.
C. Garage Parking.
The majority of auto insurance companies will give you to a slight premium reduction because cars parked in a garage are less likely to be stolen, vandalized, or damaged.
D. Mileage.
Some companies have a low milage discount if you drive less than a certain number of miles in a year. This is often difficult to become eligible for because you will need to limit your driving in order to qualify.
E. Anti-theft Alarms
Most auto insurance companies offer policy discounts if your car is equipped with a safety device or antitheft device
F. Shop around to find the cheapest auto insurance available.
Get a quote from every reputable auto insurance company in your town or city. Most reputable insurance companies are on the internet and its easy to get online quotes.
G. Insurance Consolidation.
Most insurance companies will give you significant discounts if you have all your insurance policies with the same company.
H. Driving Courses.
Most companies are now reducing the policy for people who take a driver education course. This mainly applies to new drivers. Insurance companies like to know that you are driver educated and therefore statistically have less liklihood of an accident.
I. Being Smart Helps.
Many car insurance companies are now offering discounts for higher than average grade students.
J. No Claim Bonus.
Most insurance companies will reduce the premium every year if you don't make a claim. Every year your premium will reduce if you do not have an accident.
K. Sports Cars Pay The Price.
If you have a high performace sports car then you better dig deep. Sports cars and up market luxurious cars are the most expense to insure. Many times the cost can be double or more than a standard family car.
So finally, to save on your auto insurance premium costs its a matter of keeping the above factors at a level that are in your favor.
Auto Insurance: Be It Cheap Or Expensive
John Maxim is an independant writer who writes for several major publications. His latest project can be seen at Accounting Blog.
Cars are considered as valuable property. People have cars as a necessity but for some it is just a form of expressing luxury or vanity. Whatever the reason is, cars must be protected especially the owners and the people on the streets if any untoward incident.
This is where auto insurance comes in.
In the United States of America, there are varied policies concerning car insurance rates. The most common is that rates vary according to car model. As to date, these are the ten cheapest cars to insure and on the other hand, the ten most expensive to insure.
In this fast-paced world of young professionals and rising businessmen, a reliable means of transportation is an absolute necessity in order to stay on track in the urban rat-race. Years ago, owning a car was considered a luxury or status symbol, but now, given the rapid rate of technological developments it has become as essential and basic as eating and sleeping.
THE five CHEAPEST:
Chrysler Town and Country
The Chrysler Town and Country is a minivan marketed by DaimlerChrysler. The Town and Country was introduced in 1990, while its sister vehicles, the Dodge Caravan and Plymouth Voyager, had already been in production since the 1984 model year. Chrysler's success.
Chevrolet Cobalt
The Chevrolet Cobalt is a compact car introduced by Chevrolet in 2004 for the 2005 model year. The Cobalt is intended to compete with Japanese cars like the Honda Civic and Toyota Corolla.
Dodge Caravan
The Dodge Caravan and Dodge Grand Caravan are minivans manufactured by DaimlerChrysler (they were sold by the Chrysler Corporation until 1998). They were introduced in 1983 for the 1984 model year along with sister model the Plymouth Voyager.
Chevrolet Impala
Chevrolet's chief engineer in the late 1950s, defined the Impala as a "prestige car within the reach of the average American citizen." At its peak sales volume in 1965, the Impala was the best selling full-size car in the United States.
Chevrolet Silverado C/K Pickup
The Chevrolet Silverado from Chevrolet and its GMC counterpart, the GMC Sierra, are the latest line of full-size pickup trucks from General Motors.
As of 2006, the Silverado pickup is the second-best selling vehicle in the United States, behind the Ford F-150 pickup.
These are just five among twenty cheapest cars to insure. For one not to spend bunch of money just for insurance rates, we let you know what cars do not require too much. In this modern time, it pays to have the best car but setting priorities will still be considered.
TOP TEN EXPENSIVE CARS TO INSURE:
Ferrary
Lamborghini
Nissan Altima
Ford Focus
GMC Sierra
Ford F-Series Pickup
Chevrolet Silverado
Dodge Ram
Chevrolet Cavalier
Honda Civic
OTHER CHEAP TO INSURE CARS:
Land Rover Range Rover
Porsche Cayenne
G-Class Mercedes-Benz
Lexus LX 470
Cadillac Escalade
Cadillac SRX
BMW X5
Sadly, the cold reality is that no matter which brand of automobile you purchase, you can never be totally certain that nothing will go wrong. There are just too many unstable factors on the road, drunk drivers, engine troubles, sleepiness, human error etc.
Yet, there is a way to protect yourself and be prepared for these so-called “road hazards” and unprecedented mishaps. This is where auto-insurance comes in. Auto Insurance is a form of insurance which comprehensively protects the insured from losses involving road mishaps depending on the type of coverage you purchase.
Cars are considered as valuable property. People have cars as a necessity but for some it is just a form of expressing luxury or vanity. Whatever the reason is, cars must be protected especially the owners and the people on the streets if any untoward incident.
This is where auto insurance comes in.
In the United States of America, there are varied policies concerning car insurance rates. The most common is that rates vary according to car model. As to date, these are the ten cheapest cars to insure and on the other hand, the ten most expensive to insure.
In this fast-paced world of young professionals and rising businessmen, a reliable means of transportation is an absolute necessity in order to stay on track in the urban rat-race. Years ago, owning a car was considered a luxury or status symbol, but now, given the rapid rate of technological developments it has become as essential and basic as eating and sleeping.
THE five CHEAPEST:
Chrysler Town and Country
The Chrysler Town and Country is a minivan marketed by DaimlerChrysler. The Town and Country was introduced in 1990, while its sister vehicles, the Dodge Caravan and Plymouth Voyager, had already been in production since the 1984 model year. Chrysler's success.
Chevrolet Cobalt
The Chevrolet Cobalt is a compact car introduced by Chevrolet in 2004 for the 2005 model year. The Cobalt is intended to compete with Japanese cars like the Honda Civic and Toyota Corolla.
Dodge Caravan
The Dodge Caravan and Dodge Grand Caravan are minivans manufactured by DaimlerChrysler (they were sold by the Chrysler Corporation until 1998). They were introduced in 1983 for the 1984 model year along with sister model the Plymouth Voyager.
Chevrolet Impala
Chevrolet's chief engineer in the late 1950s, defined the Impala as a "prestige car within the reach of the average American citizen." At its peak sales volume in 1965, the Impala was the best selling full-size car in the United States.
Chevrolet Silverado C/K Pickup
The Chevrolet Silverado from Chevrolet and its GMC counterpart, the GMC Sierra, are the latest line of full-size pickup trucks from General Motors.
As of 2006, the Silverado pickup is the second-best selling vehicle in the United States, behind the Ford F-150 pickup.
These are just five among twenty cheapest cars to insure. For one not to spend bunch of money just for insurance rates, we let you know what cars do not require too much. In this modern time, it pays to have the best car but setting priorities will still be considered.
TOP TEN EXPENSIVE CARS TO INSURE:
Ferrary
Lamborghini
Nissan Altima
Ford Focus
GMC Sierra
Ford F-Series Pickup
Chevrolet Silverado
Dodge Ram
Chevrolet Cavalier
Honda Civic
OTHER CHEAP TO INSURE CARS:
Land Rover Range Rover
Porsche Cayenne
G-Class Mercedes-Benz
Lexus LX 470
Cadillac Escalade
Cadillac SRX
BMW X5
Sadly, the cold reality is that no matter which brand of automobile you purchase, you can never be totally certain that nothing will go wrong. There are just too many unstable factors on the road, drunk drivers, engine troubles, sleepiness, human error etc.
Yet, there is a way to protect yourself and be prepared for these so-called “road hazards” and unprecedented mishaps. This is where auto-insurance comes in. Auto Insurance is a form of insurance which comprehensively protects the insured from losses involving road mishaps depending on the type of coverage you purchase.
Auto Insurance – Which Type Is Right For You?
Auto insurance is a form of insurance available to consumers who own cars, trucks and other vehicles. It covers the insured party against the risks involved in owning or driving a vehicle. This may be a car accident, damage caused to other cars or property, loss to passengers in your car, and damage to your car itself.
Optional Covers
There are different levels of insurance available depending on what risks you wants to cover. You can cover against the costs of repairing your vehicle after an accident. You can cover the cost of purchasing a new car should yours be stolen or damaged beyond repair. These are optional covers.
Liability insurance on the other hand is compulsory for all drivers. This will cover the risk of claims being made against you as the driver or owner of the vehicle that caused damage to the property of another, the vehicle of another, for medical expenses of others injured as a result of an accident, including passengers in your car. If you have liability insurance, it will only cover these risks. If you have comprehensive insurance it will cover also the risks to yourself and your own vehicle.
GAP Insurance
However, even comprehensive insurance will not fully cover your risks. First of all there is the issue that, as soon as you buy a new car, its price suddenly drops significantly because it is no longer new. It is used. So if you were to destroy your car the day after buying it, the insurance company would likely assess the value as something less than what you paid for it, even though you may still owe a good deal more than that in payments and financing.
To cover the chances of this happening, so called GAP insurance was developed. This covers the difference in the actual value of your car, and the amount you still owe in payments. The growth of vehicle leasing has also led to GAP insurance becoming more important.
Extra Cover
In the US, the insurance policy will generally cover the owner of the vehicle and any others who drive the vehicle so long as they do not live at the same address. For those living at the same address, you should have them specifically added to your insurance policy for an extra fee. This means that if you crash someone else’s car, while driving it with their permission, you will be covered by their policy, not your own. Non-owner policies are available to cover you on other people’s cars but these will only be available if you do not own your own car.
Optional Covers
There are different levels of insurance available depending on what risks you wants to cover. You can cover against the costs of repairing your vehicle after an accident. You can cover the cost of purchasing a new car should yours be stolen or damaged beyond repair. These are optional covers.
Liability insurance on the other hand is compulsory for all drivers. This will cover the risk of claims being made against you as the driver or owner of the vehicle that caused damage to the property of another, the vehicle of another, for medical expenses of others injured as a result of an accident, including passengers in your car. If you have liability insurance, it will only cover these risks. If you have comprehensive insurance it will cover also the risks to yourself and your own vehicle.
GAP Insurance
However, even comprehensive insurance will not fully cover your risks. First of all there is the issue that, as soon as you buy a new car, its price suddenly drops significantly because it is no longer new. It is used. So if you were to destroy your car the day after buying it, the insurance company would likely assess the value as something less than what you paid for it, even though you may still owe a good deal more than that in payments and financing.
To cover the chances of this happening, so called GAP insurance was developed. This covers the difference in the actual value of your car, and the amount you still owe in payments. The growth of vehicle leasing has also led to GAP insurance becoming more important.
Extra Cover
In the US, the insurance policy will generally cover the owner of the vehicle and any others who drive the vehicle so long as they do not live at the same address. For those living at the same address, you should have them specifically added to your insurance policy for an extra fee. This means that if you crash someone else’s car, while driving it with their permission, you will be covered by their policy, not your own. Non-owner policies are available to cover you on other people’s cars but these will only be available if you do not own your own car.
Auto insurance & the internet - a marriage made in Heaven!!
The internet is all about information, and, more critically, the ability to compare facts, data and information from several different sources quickly and efficiently.
Arguably, as a direct result of this simple fact, nobody has felt the effects of a potential customer’s ability to find, check and compare such data than companies trying to sell services (as opposed to products) online.
Unlike a physical product, a service is not tangible, you cannot pick it up, feel it, or touch it. Thus, a service provider needs to supply the maximum amount of information, because the more information the potential customer has, the more confident he is likely to be when making the buying decision.
What better way to do this than via the worldwide web?
A perfect example of this is the automobile or car insurance marketplace. In the past, if you wanted to get the most competitive quotation for your car insurance, you had to “shop around” by trudging from one insurance broker or company’s office to another, or by getting on the telephone to do the same thing.
The problem with this was that it was often difficult, if not impossible to know whether you were truly comparing like with like. There were (and, to a large extent, still are) so many potential variations from one company’s policy to another that it was almost impossible to know whether the two policies that you were comparing really did offer identical levels of protection and benefits.
This was not always a bad thing. For example, all car insurance companies tend to “load” the premium (i.e. charge extra) for “young drivers” to be included on a policy, which can be bad news for parents using the family car to teach their son or daughter to drive. However, Company “A” may define a young driver as someone below the age of 18, whereas Company “B” will use a threshold of 21 years of age.
If your child was 19, the chances are that Company “A” will be the best bet in these circumstances.
In other words in the old days, it was absolutely necessary to “read the small print”, to avoid ending up with a automobile insurance policy that really did not meet your requirements, although it appeared at first as if it did.
Coming right back up to the present day, whilst the small print is still extremely important, the internet has effectively ensured that it is no longer so small! It is now possible to make meaningful and accurate comparisons of exactly what two companies are offering with their car insurance policy at the touch of a button.
You are still “shopping around” but you are doing it at our own speed, from the comfort of your own home.
In this way, the internet has made finding the best car insurance a far less stressful business than it was in the past, and has also guaranteed that the policy you buy is absolutely the most suitable for your own circumstances. To read more, http://webbiz99.com/carinsurance/
Arguably, as a direct result of this simple fact, nobody has felt the effects of a potential customer’s ability to find, check and compare such data than companies trying to sell services (as opposed to products) online.
Unlike a physical product, a service is not tangible, you cannot pick it up, feel it, or touch it. Thus, a service provider needs to supply the maximum amount of information, because the more information the potential customer has, the more confident he is likely to be when making the buying decision.
What better way to do this than via the worldwide web?
A perfect example of this is the automobile or car insurance marketplace. In the past, if you wanted to get the most competitive quotation for your car insurance, you had to “shop around” by trudging from one insurance broker or company’s office to another, or by getting on the telephone to do the same thing.
The problem with this was that it was often difficult, if not impossible to know whether you were truly comparing like with like. There were (and, to a large extent, still are) so many potential variations from one company’s policy to another that it was almost impossible to know whether the two policies that you were comparing really did offer identical levels of protection and benefits.
This was not always a bad thing. For example, all car insurance companies tend to “load” the premium (i.e. charge extra) for “young drivers” to be included on a policy, which can be bad news for parents using the family car to teach their son or daughter to drive. However, Company “A” may define a young driver as someone below the age of 18, whereas Company “B” will use a threshold of 21 years of age.
If your child was 19, the chances are that Company “A” will be the best bet in these circumstances.
In other words in the old days, it was absolutely necessary to “read the small print”, to avoid ending up with a automobile insurance policy that really did not meet your requirements, although it appeared at first as if it did.
Coming right back up to the present day, whilst the small print is still extremely important, the internet has effectively ensured that it is no longer so small! It is now possible to make meaningful and accurate comparisons of exactly what two companies are offering with their car insurance policy at the touch of a button.
You are still “shopping around” but you are doing it at our own speed, from the comfort of your own home.
In this way, the internet has made finding the best car insurance a far less stressful business than it was in the past, and has also guaranteed that the policy you buy is absolutely the most suitable for your own circumstances. To read more, http://webbiz99.com/carinsurance/
Auto Insurance – risk your car free
Shopping for auto insurance is the only way to save on the auto insurance. Car Insurance is the perfect solution for your problem on car theft, accidents etc. People are quite dependent on their vehicles and losing a vehicle by an accident or theft will be a financial loss. Moreover it will affect our day to day activities like office, school, doctor's appointment etc.
Auto Insurance provides property, liability and medical coverage:
• Property coverage pays for damage to or theft of your car.
• Liability coverage pays for your legal responsibility to cover for injury or property damage
• Medical coverage pays for the cost of treating injuries, rehabilitation. It also pays for any lost wages and funeral expenses
A standard form of auto insurance is a package of different kinds of coverage. Some insurance policies offer number of standard benefits, while other benefits are available as optional covers in return for an extra premium. Some of the more common Car insurance policy benefits are:
• Windscreen
• Driving other cars
• Medical expenses
• Personal effects
• New car benefits
• Lock replacement
Additional auto Insurance policy services include
• Motoring protection
This service pays for personal injuries that you have sustained from the accident and also we pay for injuries that others might have sustained. This service also covers for any kind of property loss. This service also handles any legal technicalities.
• Breakdown assistance
This services provides assistance incase your car breakdown and more often than not at a worst possible time. Complete details of these services are available when you get your car insurance quote or renew your policy online.
Auto Insurance provides property, liability and medical coverage:
• Property coverage pays for damage to or theft of your car.
• Liability coverage pays for your legal responsibility to cover for injury or property damage
• Medical coverage pays for the cost of treating injuries, rehabilitation. It also pays for any lost wages and funeral expenses
A standard form of auto insurance is a package of different kinds of coverage. Some insurance policies offer number of standard benefits, while other benefits are available as optional covers in return for an extra premium. Some of the more common Car insurance policy benefits are:
• Windscreen
• Driving other cars
• Medical expenses
• Personal effects
• New car benefits
• Lock replacement
Additional auto Insurance policy services include
• Motoring protection
This service pays for personal injuries that you have sustained from the accident and also we pay for injuries that others might have sustained. This service also covers for any kind of property loss. This service also handles any legal technicalities.
• Breakdown assistance
This services provides assistance incase your car breakdown and more often than not at a worst possible time. Complete details of these services are available when you get your car insurance quote or renew your policy online.
Auto Coverage Analyzer
Buying a car means taking a well thought out decision. However, sometimes taking a well-thought, wise decision gets difficult. This is even more so, when it involves a big investment decision like buying car and insuring it. One wrong decision and you might end up in a financial soup. Once you have already bought a car or you have owned a car for sometime now, it is time for getting it insured.
Factors
Now, when we come to think of car or for that matter any auto insurance there are quite a few factors that have to be considered before settling for a particular market offer. Analyzing these factors would determine which auto insurance policy suits your needs the best. Or else you might end up paying too high premium or not taking enough coverage for your automobile. First of all one has to consider what is the purpose of owning it. Whether it is for personal use, used as public transport such as private taxi, or used in transportation of heavy duty or light duty industrial goods or is it put to some other use. Age is also a major consideration. Old vehicles have to pay higher premium as compared to the new one. Type and model of the vehicle also play a major role. Like wise there are N number of factors that need to be checked out.
Getting The Right Insurance
When you buy auto insurance online there are large numbers of sites that offer auto insurance on each site there are quite a few number of market offers. This makes online shopping for the right kind of auto insurance a tedious task. However, there are some sites that provide automated tools that assist you in determining what kind of auto insurance would work the best for you and how much coverage do you need. These tools or auto coverage analyzer can go a long way in helping you save a whole lot of money on auto insurance.
Wrong auto insurance would leave you paying amounts that are too high and paying extra for coverage you may not need. On the other hand, if you choose amounts that are too low, you risk being uncovered in case of an accident. Thus, whether you're shopping for new auto insurance or renewing your existing policy, Auto Coverage Analyzer can help you make the right coverage choices. All you have to do is answer a few question about your financial standings and your automobile conditions, price tag, coverage needs etc and the auto coverage analyzer would automatically generate coverage category wise auto policy value recommendations and explanation as to why is it needed.
Factors
Now, when we come to think of car or for that matter any auto insurance there are quite a few factors that have to be considered before settling for a particular market offer. Analyzing these factors would determine which auto insurance policy suits your needs the best. Or else you might end up paying too high premium or not taking enough coverage for your automobile. First of all one has to consider what is the purpose of owning it. Whether it is for personal use, used as public transport such as private taxi, or used in transportation of heavy duty or light duty industrial goods or is it put to some other use. Age is also a major consideration. Old vehicles have to pay higher premium as compared to the new one. Type and model of the vehicle also play a major role. Like wise there are N number of factors that need to be checked out.
Getting The Right Insurance
When you buy auto insurance online there are large numbers of sites that offer auto insurance on each site there are quite a few number of market offers. This makes online shopping for the right kind of auto insurance a tedious task. However, there are some sites that provide automated tools that assist you in determining what kind of auto insurance would work the best for you and how much coverage do you need. These tools or auto coverage analyzer can go a long way in helping you save a whole lot of money on auto insurance.
Wrong auto insurance would leave you paying amounts that are too high and paying extra for coverage you may not need. On the other hand, if you choose amounts that are too low, you risk being uncovered in case of an accident. Thus, whether you're shopping for new auto insurance or renewing your existing policy, Auto Coverage Analyzer can help you make the right coverage choices. All you have to do is answer a few question about your financial standings and your automobile conditions, price tag, coverage needs etc and the auto coverage analyzer would automatically generate coverage category wise auto policy value recommendations and explanation as to why is it needed.
Auto accident checklist: Tips on what to do following a car accident
Hopefully you will never be involved in an auto accident or need to file an insurance claim. Even the most careful and skilled drivers, however, can easily find themselves in the middle of a crash. Would you know what to do? Knowledge of what to do after the car accident can help make the insurance claims process easier and smoother so that you are back on the road faster.
If you are in an auto accident:
1. Try to stay calm, stop your vehicle and check for injuries. The life and health of you, your passengers and the other people involved in the accident is far more important than the vehicle itself.
2. If required, call the police and let them know of the accident, your location, how many people are involved, whether there are injuries and the types of injuries.
3. You may wish to take reasonable steps to protect yourself, and your vehicle, from further damage. Where possible and if legal, move the autos to the side of the road and turn on your hazards as soon as it is safe. If you have flares, you may wish to use them to warn oncoming traffic and to prevent additional crashes.
4. Taking lots of notes is a good practice, like:
• the date, time and location of the accident
• how the accident occurred – sometimes a drawing is worth a thousand words and can help enhance what you’ve noted
• the type and location of damage to your car
• the type and location of damage to the other cars or property involved
• the names, addresses and contact information of all drivers and passengers involved in the accident
• driver’s license numbers and all the information on the licenses
• insurance identifications including the name of the insurance company and policy number
• the names, addresses and contact information of witnesses
• the names and badge numbers of police officers or other first response personnel
(Being able to take notes is important so keep a pen and pad in your glove compartment, just in case.)
5. You may wish to ask the police officer when and where you can get a copy of the accident report. There’s a good chance you’ll need it when you submit your insurance claim to your insurer.
6. It’s usually a good idea to call your insurance company right away and report the accident because the sooner they know about the crash the quicker they can start working to resolve your insurance claim. As well, they’ll be able to explain the next steps, like where to have the car towed if necessary and arrange for an adjuster to come out and appraise the damage before any repair work is done.
7. There are a couple of don’ts you might want to consider like don’t discuss the financial limits of your auto insurance policy and avoid discussing the responsibility for the accident or circumstances of the accident with anyone other than the police or a representative of your insurance company.
Auto accidents take a significant toll on everyone involved. But, if you stay calm, make safety your priority and follow the above tips, you will get through the ordeal of being in an accident and submitting an insurance claim.
If you are in an auto accident:
1. Try to stay calm, stop your vehicle and check for injuries. The life and health of you, your passengers and the other people involved in the accident is far more important than the vehicle itself.
2. If required, call the police and let them know of the accident, your location, how many people are involved, whether there are injuries and the types of injuries.
3. You may wish to take reasonable steps to protect yourself, and your vehicle, from further damage. Where possible and if legal, move the autos to the side of the road and turn on your hazards as soon as it is safe. If you have flares, you may wish to use them to warn oncoming traffic and to prevent additional crashes.
4. Taking lots of notes is a good practice, like:
• the date, time and location of the accident
• how the accident occurred – sometimes a drawing is worth a thousand words and can help enhance what you’ve noted
• the type and location of damage to your car
• the type and location of damage to the other cars or property involved
• the names, addresses and contact information of all drivers and passengers involved in the accident
• driver’s license numbers and all the information on the licenses
• insurance identifications including the name of the insurance company and policy number
• the names, addresses and contact information of witnesses
• the names and badge numbers of police officers or other first response personnel
(Being able to take notes is important so keep a pen and pad in your glove compartment, just in case.)
5. You may wish to ask the police officer when and where you can get a copy of the accident report. There’s a good chance you’ll need it when you submit your insurance claim to your insurer.
6. It’s usually a good idea to call your insurance company right away and report the accident because the sooner they know about the crash the quicker they can start working to resolve your insurance claim. As well, they’ll be able to explain the next steps, like where to have the car towed if necessary and arrange for an adjuster to come out and appraise the damage before any repair work is done.
7. There are a couple of don’ts you might want to consider like don’t discuss the financial limits of your auto insurance policy and avoid discussing the responsibility for the accident or circumstances of the accident with anyone other than the police or a representative of your insurance company.
Auto accidents take a significant toll on everyone involved. But, if you stay calm, make safety your priority and follow the above tips, you will get through the ordeal of being in an accident and submitting an insurance claim.
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