9 tips on how to lower your car insurance cost.

If you are looking for a way to save on your car insurance cost, you have come to the right place. Below are 9 tips on how to save you money on your car insurance.

Just imagine what you can buy every month if you didn’t have to spend extra money on your car insurance. There are a few things you can do to low your monthly car insurance cost. All you got to do is try them out; there is no guarantee if all of the tips will work. But all the tips below have work for many other people, and all you have to do is read it and try it out. Some people can even save up to 50% of their car insurance cost. You got nothing to lose.

Tip #1: Always shop around for different car insurance quotes

From GEICO advertisements, they say you can save 15% on your car insurance. But you will never more how much more you can save if you don’t look around. You may be getting a better deal somewhere else. If you haven’t been shopping around for you car insurance cost in the past 12-24 months, you are probably paying too much.

Tip #2: Drive safe, have a clean driving record

Bad driving is expensive because car insurance sees you as a high risk driver.

Slow down when you are driving, there is no need to really go past the speed limit, watch for red lights and stop signs. If you have a clean driving record with no at fault accidents or speeding tickets for 3 years, you should see your car insurance cost drop. Read more ›

Auto insurance for Taxi Drivers

As a taxi driver you will most likely to have carry liability coverage and bodily injury liability or BIL. The Bodily Injury Liability will cover claims of payment for the injuries and even death caused by the driver. If there is an accident cause by the taxi driver, the taxi driver is protected from paying for the medical expenses or burial expenses as well as for the attorney’s fee once a lawsuit has been file.

Injuries to the driver are not included in this claim. Also important point to keep in mind is that auto insurance coverage for taxi drivers is the property damage liability or they call it “PD”. If the taxi damages a property, it may be another person’s car or part of the house, the taxi driver is covered. Physical damage and collision damage coverage are essential as well.

Most of the taxi drivers spend all their working days on the roads, so they are more prone to accidents than a regular driver. Because of this reason all taxi drivers need full coverage auto insurance if possible or at least have an adequate coverage to protect the taxi driver from financial and criminal liabilities. Another important thing is that the auto insurance coverage for a taxi most meets or exceeds the minimum requirements as set by each states or provinces.

It is best for taxi drivers to find the best and cheapest auto insurance coverage, because taxi drivers need to have a comprehensive coverage and you need any help you can get from your auto insurance.

Is it time to drop Full Coverage auto insurance?

Sometime you don’t need to spend extra money to have full coverage. Here are the 4 questions you need to ask yourself if it is worth it for you to have full coverage or not.

As your car ages there is no point to pay for the comprehensive and collision coverage. At some point in time it makes more sense to drop the full coverage since your car doesn’t worth that much and you might be paying more money to cover it than what you car’s is worth. You might just be wasting money on something you don’t really need.

Physical Damage coverage is “Full Coverage”
It is good to understand what “full coverage” really mean before you go ahead to drop it. A full coverage is another way of saying comprehensive and collision coverage. Comprehensive coverage or (comp) covers the physical dames of your car when it is not involved in a collision. For example, shattered window/windshields, vandalism, even hitting an animal which cause physical damages to your car ate all cover by the comprehensive coverage.

The collision coverage is when you are involved in and at-fault of the car accident. Your car and other car involved could be damage. The collision coverage covers the physical damages to your own car if you hit another car, or hit an object and the accident is your fault. Both comprehensive and collision coverage make up the “full coverage”.

Here are the 4 questions you need to ask yourself first before deciding to drop your full coverage. Read below… Read more ›