If you’re contemplating by dropping your insurance policy to cut costs through these tough times, you might want to think twice. According to some experts, dumping your insurance policy could cost you more money in the long run.
In this article we will be talking about how to save money without giving up protection altogether.
People are looking around for insurance policy right now and the insurance companies know this. They know consumers are thinking that they are paying money into these policies and if we’re lucky we don’t see anything in return because nothing bad had happened.
So you can go out there or go online to places like www.insurer.com, www.netquote.com are some of the websites that can really help you shop around. One thing to be cautioned about is that the bottom line and the cheapest policy aren’t always the best. Read more ›
If you’re looking to save money, a great place to start is with your biggest expenses first. For millions of Americans that mean taking a little closer look at your car and how much you’re paying to insure that car.
Here is five simple steps to lower your auto insurance bill
Follow these 10 tips before you sign on the dotted line
Step one, check your credit reports for any errors because auto insurance companies use your credit to determine your rate. Request a copy of your credit report by locking on to annualcreditreport.com or call 1-877-322-8228, you’re entitled to have one free copy per year.
Step two, find out the minimum car insurance that is required by law under your State Department of Insurance website. Only New Hampshire and Wisconsin don’t require car insurance but says they do require people to pay for their accidents, most people carry insurance anyway.
Step three, consider buying more liability insurance than the state requirements. Some consumer groups recommend a minimum of $100,000 of injuries per person, $300,000 per accident, and $100,000 in property damage reliability. Most American car insurance does not cover you if you drive outside of the US, some policy are valid in Canada and Mexico but check if your coverage meet those requirements.
Step four, collision coverage pays for the repair or replacement of your vehicle. If your car is more than five years old or less than $4000, it may not be worth getting collision coverage.
Step five, comprehensive coverage covers if someone steal your vehicle or your vehicle was damaged by a storm, fire, hail or vandalism but if your car is more than 12 years old, unless it is of valuable vintage car. The cost may outweigh the benefits.
Step six, considered other add-ons such as medical, emergency roadside assistance and glass breakage.
Consider buying uninsured/under-insured motorist protection, even if your state does not require this. This provision protects you from someone with no insurance causes a collision with you. Read more ›
Car crash is that terrible thing you will never forget. The aftermath and in some cases the serious injuries and that is before the expensive expenses. Such as the hospital bills, your auto insurance ratings and now one city wants to make you pay for the cleanup after a car crash.
That is a new proposal in San Diego.
The idea is that the person at fault has to pay and to figure out the person at fault will be determined by the Auto Insurance Recovery as well as the auto insurance companies are the one who will determine the person at fault.
Uninsured drivers will get penalized because technically all drivers need auto insurance but there are some who don’t have. The uninsured motorists in California may have their vehicle impounded by any law agencies.
The auto insurance companies are against this claiming it is double taxation’s because home owners are already paying property taxes to cover these cleanup services.
The auto insurance industry is out with its ranking for the safest car on the roads in 2010. The list has been a lot shorter than the past years, but it is full of good news for Detroit auto makers. Read more ›
The US insurance industry has released its list of the safest new cars for 2007, which include a shocking headline; no American cars are on the list.
It’s no accident cars are getting safer, increasingly new vehicles are being equipped with side airbags to protect the driver and passengers from head injuries. Electronic stability control help reduce skid and rollovers but insurance industry crash tests reveal that some cars are safer than others.
Rating just out, named 13 vehicles as top safety pick for 2007. Read more ›
When you talk about auto insurance, there is the obvious things, your house, your cars, your health, your life but in actuality, you can insure almost anything. Your wedding to your pet, of course you probably cannot afford all of these insurance.
The insurance industry is happy to sell you insurance just about anything you want. There are four things you need to keep in mind regarding insurance.
The first one is to cover big risks, only risk that will financially devastate you need to be insure. For example, if you are the breadwinner of the house with kids, get life insurance for yourself so your dependents can take care of themselves and pay the bills if something happen to you. Read more ›
Your car insurance payment may be on a rise and it has nothing to do with your driving history. New controversial way auto insurance companies determine your risk on the road. A speeding ticket, a fender bender, a teenage driver, accident, maybe a DUI, all of those things can drive up your auto insurance premium but another factor that determines how much you have to pay and most will never even consider it.
No auto insurance policies are the same but most drivers figure they know what important to their insurance policy. While your road record is a factor but so is your credit score, nearly every auto insurance company are starting to use your credit score to set your premium. Some may put more weight on your credit history than your driving history. Read more ›
Everyone loves a good deal but when it comes to buying your auto insurance, the lowest price may end up costing you more than you bargained for. Increasingly common fraud involves in the sale of cheap auto insurance or two to unexpected consumers.
The con artists get potential customers by advertising rock-bottom auto insurance prices and tricking the consumers into paying to fake insurance coverage. It is not until the customers are involved in an auto accident or stop by the police and charge by driving without auto insurance coverage. Then that is the only time the consumer will find out they do not have a valid auto insurance coverage. Read more ›
It is something every car owner know, the moment that new car is driven out of the dealer lot. It loses value immediately because it is now considered a used car.
The reason why it becomes a pre-own automobile because it is now register to that person and if that person bring it back in. The next person buys it, it is now a pre-own vehicle.
So what does that mean for your auto insurance coverage, generally you’re auto insurance covers toward the actual cash value of your car and not how much the bank loan you the money to buy your car. Read more ›
Janine Gargani on 
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