Auto insurance » Car Insurance Policies

Car Insurance? Don’t Just Accept The Renewal Quote

admin — Thu, 29 Jul 2010 07:30:09 +0000

Many millions of insurance renewal, bills will be sent out over the next two weeks, you should consider if it’s a good idea to just accept the quote. On the other hand, maybe you should shop around to see if you could find a better deal.

Huge numbers of motorists will be in severe shock when they discover how much their premium will have risen since paying their insurance a year ago.

In the UK, new number plates are issued during the month of March; it is also the month with the highest number of car sales. So obviously, as a side effect is also the month, the highest amount of car insurance policies arranged.

So for many millions March will be the happy anniversary of the purchase of their brand spanking new car. Unfortunately, it will also be the anniversary of taking out their new insurance policy.

Renewal time is an excellent opportunity to look over your policy, and consider, could you get the same cover and pay less money?

A good place to start is by going through all the boring terms and conditions. You may find that in your rush to get into your new motor last year. You did not consider exactly what insurance conditions you needed for you and your vehicle.

You may find that their are some conditions that don’t apply to you what you no longer need, removing small pieces of cover can significantly reduce your insurance premium.

The floods last summer had a huge effect on the cost of renewing household insurance because of the massive number of claims. People do not realise that huge numbers of cars were also damaged or destroyed by the floods, which have contributed to an increase in car insurance costs.

The AA has released its latest index of quarterly insurance costs. The survey concludes that there’s been a large increase in the number of personal injury claimants on motor insurance companies. The knock-on effect of this has been a 2.5% increase in the cost of insurance cover. The index covers quotes from more than 80 large and small insurers, and found that the average comprehensive insurance premium is now nearly

Cheap Car Insurance For First Time Drivers

admin — Wed, 26 May 2010 20:19:36 +0000

If you are new to driving it would be better, unless you have lots of money, to begin with a car from a lower insurance group. If you can build up and maintain a no-claims profile with no penalty points, you should be able to move up the car insurance groups without significantly increasing your premium.

The idea is that cheap car insurance for young drivers should be competitive because you are cutting out the middleman, so the insurer can pass the savings on to you. However you will have to do the leg-work though, which can take a few hours, but it will be time well spent. You should call at least three insurance companies before deciding on a policy. And remember that you can often save between 10% and 20% by going online. Most insurance companies offer cheap car insurance for first time drivers online. So if you get a telephone quote then you need to check you are not missing out on a deal which you can only get online, even from the same insurance company.

There is no shortage of websites that will let you compare car insurance policies and prices between different car insurance companies. But to get the best possible deal, then you need to spend a few minutes making certain that you are answering all of the questions correctly before you jump online.

Don’t think, however, that you can get away with only looking at comparisons on one website. Each website only compares a small handful of insurance companies. If you really and truly want to make sure that you are getting the very best deal possible on your car insurance, then you really need to bite the bullet and take the extra time to make the same comparisons on at least 3 different websites.

Another way to secure cheap car insurance for first time drivers is to pay up front for the policy. Paying by monthly instalments may appear to be the cheaper option but many insurers will charge interest on the payments (up to 25% APR) and this could effectively clear any perceived savings you made on the policy.

Also consider adding breakdown cover to the policy if offered by the insurer as this could save you a lot of money in the long run and is usually quite cost effective considering the peace of mind it delivers. You can save

New York Auto Insurance Policies

admin — Thu, 22 Apr 2010 07:39:08 +0000

New York auto insurance policies are necessities for drivers in this state. It is very important to be cognizant of the importance of keeping your motor vehicle coverage current on a continuous basis. An updated policy is one of the most important aspects of owning a vehicle, especially in the state of New York.

The NY Department of Motor Vehicles features the Insurance Information and Enforcement System. This system, also known as IIES is designed to detect uninsured vehicles. The system is quite valuable to the state and it is also a very formidable obstacle against driving without insurance.

Those who have vehicles registered in the state of New York are required by law to report to the Department of Motor Vehicles if they have any important information about their car insurance policies. This includes cancellations, new policies and renewals for all policies.

Once the information is entered into the system’s database, the IIES tracks the insurance information for each registered vehicle. If there is a change, the IIES will be notified immediately. There is little chance of getting away with driving uninsured if you are a resident of the state of New York.

New York Auto Insurance Requirements

People who drive in this state are required to have three basic types of insurance on their vehicles’ policies. These three forms of coverage are designed to protect everyone involved in an accident, including the person who is at fault. Without this coverage, many drivers may find themselves in dire straights.

No-Fault, or Personal Injury Protection is a must in this state. This coverage pays for medical expenses and lost wages for people involved in accidents. Liability is designed to pay for damage done to property in the event of an accident. Uninsured Motorist protects you if you are involved in an accident with a person who does not have adequate insurance coverage.

With these three types of insurance, drivers have the peace of mind in knowing that they are driving legally and that they have some support if they are involved in an accident. However, it is always wise to seek more benefits in your New York auto insurance plan.

By: James Hyder

Car Insurance Says No To Sharing

admin — Tue, 23 Feb 2010 18:46:57 +0000

For most, jumping into their friend’s or relative’s car when their own is out of action is the norm; however, this may not be the case for your insurer.

Many people, who drive other’s cars, view this as a real plus of their car insurance. This benefit means that you can borrow a relative’s car when yours is out of action or drive a friend’s when they’ve had too much to drink in order to drive it themselves.

For drivers who’ve searched around for the best car insurance quotes for comprehensive car insurance cover, it has always been the case that they can then drive other cars with the owner’s permission, and therefore have third party cover. However, this is changing as insurers are tightening the rules on borrowing others’ cars.

It is worth consulting the small print on your car insurance policy to see whether or not you are covered to drive others’ cars. This is because you may appear to have third party cover but in some policies, the small print says that you can only drive other people’s cars if it is in an emergency than needs immediate attention. Obviously, it is difficult to determine exactly what would constitute as an emergency that would require such quick action, and this is why many people are finding it more and more difficult to justify borrowing a friend’s car.

The British Insurance Brokers’ Association has said that the third party clause is being looked at, as people have their own interpretations of it. The Association believe that there should be a standard definition so that drivers are able to tell whether they are covered or not.

Some insurers such as; Norwich Union Direct and RAC Direct have removed the Drive Other Cars benefit from their car insurance policies, there are also some insurers who state that the driver needs to be 25 or over in order to receive the benefit. Another restriction that some insurers have included is to exclude certain professions from the Drive Other Cars option, such as those who work in the motor or private car hire trades.

By: Gill Critchley

Car Insurance

admin — Wed, 06 Jan 2010 16:21:02 +0000

Nearly all of us own a car or vehicle of some sort and one thing you must have if you plan to drive on a public highway is car insurance.

There are thousands of car insurance companies available to insure with and the best deals are normally found on the Internet.

That said, although you will probably pay more doing business with a high street broker you will have the added benefit of being able to probe them with questions and more importantly get them to do all the chasing around if you are unfortunate enough to have to make a claim.

Whilst searching for your car insurance it is worth taking the time to read the policy. Although car insurance policies are one of the most boring things on earth you will certainly be reading through it with a fine-toothed comb if you need to make a claim.

Generally when that time of year comes around when we have to hunt down the best car insurance deal we simply have one thing in mind and that is how much is this going to cost me! This approach can on some occasions backfire if you need to make a claim.

For instance, if you do get a great deal on the premium this can be reflected on the restrictions and terms and conditions applied in the policy. You may find that you will have to pay an enormous excess in the event of making a claim on the policy.

You may also find out after the event that your car insurance is not as comprehensive as you may have first thought it would be. An example of this would be if the car is subject to a theft and your valuable laptop and golf clubs have been stolen. To keep premiums down and attracting new customers car insurance policies will sometimes have a limit of cover afforded to valuables in the vehicle.

These points are worth considering even if most of us subscribe to the illusion that ‘an accident is not going to happen to me because I drive carefully’

You need to consider the scope of cover you require. If your car is of a high value then you definitely need your car insurance to be fully comprehensive which will not only cover you for damage to other parties in the event of an accident but will also cover the cost of any damage rendered to your own car.

The alternative is third party fire and theft, which will only cover you for damage and injury to other parties. You will have to bear your own costs for the damage on your own car. This may be a viable solution if your car is not worth a great deal and the difference in the cost for comprehensive car insurance and third party is considerable and you wont mind suffering the loss of your own car if the worst should happen.

By: Vicki Churchill

Auto Insurance – Why Non-Car Owners Also Need It

admin — Thu, 16 Apr 2009 05:47:19 +0000

An auto insurance policy for non car owners? What for? Hold on tight because you’re in for a big surprise! A car insurance policy is a smart move even if you don’t own a car if you fall into any of the situations I will talk about later in this article.

If your city has a dependable mass transit system, you will not need a personal car for your daily movements. Car rental services are always there to take care of those times you may need a car for private use.

Along with renting a car, you’ll also have to get an auto insurance cover for the rent period. These rental service sell such car insurance policies. A non-owner car insurance policy is, however, cheaper for you on the long run if you rent cars often. You won’t have to be buying short term insurance covers from rental companies.

If your friends and relatives know that you have an auto insurance policy they’ll be more likely to release their car to you than otherwise. If you are a car owner, who would you consider more responsible: The fellow who has a non-owner car insurance policy and the guy who doesn’t? If you show that you are very responsible, people prefer to deal with you.

Hold on. A non-owner auto insurance policy works within a certain rule. If an accident happens, your non-owner’s policy cannot take precedence over the car owner’s policy. It kicks in only if the car owner’s policy’s liability limit cannot take care of the damages caused. I think an example will help make this clearer…

Let’s say you had an accident with a borrowed car that resulted in damages that totaled $27,000. In spite of your non-owner’s policy, the car owner’s policy will be used if his/her liability limit is, say, $30,000. If, on the other hand, there is a deficit where the car owner’s policy cannot cover such damage, your non-owner’s policy will take care of the balance.

It is good that you know that irrespective of the type of auto insurance policy you intend to get, you can make a lot of savings by capitalizing on the disparity in car insurance rates. This can save you several hundred dollars or even much more. Moreover, it’s very ethical — No shady deals here.

If the possibility of saving $1000 fascinates you, then take some time out to visit at least three insurance quotes site. All you’ll have to do is get and compare quotes. And, it will only take you about 5 minutes per site. Auto insurance quotes sites give quick, free non-obligatory quotes.

By: Chimezirim Chinecherem Odimba