Buying auto insurance online

Since you are reading this article, you must already know that buying auto insurance online comes with many benefits.

The Internet makes it easy to compare instant auto insurance rates online and it increase the chance of finding lower rates.

Anyone can do it, here is how. Read more ›

How to find the cheapest auto insurance rates online

Getting cheap auto insurance:

1. Take advantage of discounts

• short commute to work or school
• good student grades (above B average)
• multi-car discounts, two or more cars on the same policy
• having prior auto insurance within the last 30 days

2. Be knowledgeable about coverage

• avoid unnecessary coverage you don’t need

• example, full coverage on a car worth $500

consider getting high deductibles

avoid duplicate coverage

• think twice about medical coverage if you already have health insurance policy

Read more ›

Will your car insurance premium cost go up after an accident?

What happens to your auto insurance rates when after you crash your car?

You gotten in a car accident and wondering if your car insurance premium will go up. Well, that depends on a number of factors. Here we have collected some helpful principles on whether your car insurance may or may not increase after a car accident.

#1 What is your car insurance company?

Your car insurance company plays the biggest role in whether your car insurance premium will go up or not. The reason for that is because your car insurance company takes on your risk each month. If you car insurance company say it is now more expensive to insure you, you are stuck it that. (not every car insurance is the same) Where one car insurance company will only take on about 10% premium surcharge after an accident, another car insurance company may not do anything to the premium. Below are other factors that influence the car insurance company decision to increase or not increase your insurance premium.

#2 Was the car accident your fault?

Another big factor if your car insurance premium will go up after the accident is whether the car accident was your fault. IF you caused the car accident and the damages are over your deductible (usually $500-$1000) an increase to your premium is most likely. How much the increase cost of your car insurance premium depends on the severity of the damages, injuries, and your car insurance company. In most cases the increase is about 10% increments and it may last for 3 years. Read more ›

Auto Insurance cost may outweigh Clunkers for cash

Many consumers are considering trading in their older, less fuel efficient cars for newer cars to earn some extra cash through the government’s CARS program (Car Allowance Rebate System). But higher auto insurance rates could minimize the benefits of trade ins according to insurance.com.

“Cash for clunkers” shoppers flood car lots

Buying a fuel efficient car is great for the environment, but new cars generally have higher auto insurance rates because they are more expensive to repair and replace. You may end up offsetting the savings from the government. Fuel efficient cars do cut gas costs weekly right away, but auto insurance rates can cost you a lot more money over time so shopping around is crucial. According to a study from women-drivers.com 22% of drivers shopped for auto insurance before buying their policy for their new car. Rates are dropping so shopping around for auto insurance is a smart move.

The CARS program is still a great initiative towards protecting our environment, but it may not be for everyone. As always, do your homework before trading in or buying a new car.