Got a call you just have to make on your cell phone while driving your car? Better be sure that your liability insurance and collision coverage are in good shape with your insurer. And, if you're the parent of a newly driving teenager who is also armed with his or her own cell phone, you need to be especially sure that your car insurance for a young driver is up to date because the chances are very high that you'll need it for the inevitable fender-bender, which can also mean good-bye to affordable car insurance.
Talking on the cell phone while driving has created a new "unsafe at any speed" situation on the modern highway. A study by the Insurance Institute for Highway Safety, based in Australia, confirms this with their findings that drivers distracted by yapping on their cell phones while driving are four times more likely to become involved in accidents. Not only does cell phone usage cut down on a driver's ability to hear what's going on around him (such as sirens, car horns, people, etc.), it also takes a driver's attention away from the road.
Add to that statistic the findings of another study by the University of North Carolina, the University of Utah, the University of Illinois at Urbana-Champaign, and the University of Rhode Island that show a person's driving skills while simultaneously talking on a cell phone equate driving while under the influence of alcohol, and you have some pretty significant reasons to be nervous when out on the road. Furthermore, researchers at the University of North Carolina discovered that drivers talking on their cell phones are twice as likely to rear-end the car in front of them as drivers who aren't using phones. However, researchers at the University of Illinois at Urbana-Champaign proved that conversations among occupants in a car produce no similar distraction.
Unfortunately, there doesn't seem to be a single solution to the prevalent "driving while on the phone" problem. Studies show that banning hand-held phones and opting for hands-free mobile phone technologies, such as headsets or Bluetooth ear buds, do not necessarily improve driving safety.
The only real solution to this problem would be to simply turn cell phones off while driving so you won't be tempted to answer that phone call. But, human nature being what it is, this doesn't seem likely to happen on its own. A survey by Nationwide Mutual Insurance revealed that 73 percent of all drivers talk on their cell phones while driving. As a result, several states, including Virginia, Connecticut, New Jersey, New York and Utah, as well as the District of Columbia, have passed laws prohibiting the use of cell phones while driving. Similar laws in California and Washington will go into effect in 2008. Several more states have laws that ban or restrict young drivers from using their cell phones while driving, and in some places authorized personnel can even issue citations for a DWT: Driving While Texting
Showing posts with label Auto Insurance. Show all posts
Showing posts with label Auto Insurance. Show all posts
DYNAMIC LIFE AND AUTO INSURANCE : Auto Insurance-The Difference Between Cancellation and Nonrenewal
There are two ways to end coverage by a current car insurance company: cancellation and nonrenewal. The first takes place when the auto insurance that had been providing coverage decides not to sell insurance to you anymore, and the second usually occurs when the policyholder neglects to pay the auto insurance company a premium. Though neither are looked upon highly by auto insurance providers, cancellation generally makes it more difficult to get car insurance than a nonrenewal does.
Nonrenewal means that the current insurance policy elected not to renew the insurance policy when it came time to being due again. Most often, this happens because the person covered on the policy makes too many claims during the time they were insured, such as driving under the influence, too many at-fault accidents, or too many tickets during the last three to five years. In the event of nonrenewal, the insurance company terminates the contract with the policyholder and, depending on the location, the driver of the car would have to find comparative auto insurance. The insurer is required to send a notice of nonrenewal – usually thirty days – with the reason to drop your policy.
If you don't pay your car insurance premium on time, the auto insurance company has the option to terminate or cancel the policy. Your policy can also be canceled for misrepresenting information insurance companies find necessary about your risk level as a driver or losing your driver's license due to driving while intoxicated or with an expired, revoked or suspended license. Some insurance companies may cancel your policy at any time, given that they provide the amount of notice required by law, just because you are found to be a nondesirable driver.
Most states will mail out a letter telling the policyholder that they neglected to pay last month's bill and give a certain amount of time, like ten days, to send in the proper amount of cash before cancellation takes place. After the insurance company receives the payment, if it is prior to the cancellation date, most will send letters of reinstatement. In most cases, you will be required to pay the premium plus a late fee and an additional amount to cover any gaps between insurance coverage.
Some states will not reinstate policyholders if they are more than one day late with payment, even if payment was mailed. Each state has different laws which apply to drivers that don't pay their premium on their car insurance policy, but it is universal that once your car insurance policy has been canceled, it is really difficult to find car insurance coverage elsewhere.
Most auto insurance companies will raise the price of the monthly premium if the driver it is providing coverage for cannot keep their vehicle insured. Some providers may require high-risk policyholders to pay for an entire year's worth of insurance up front if there is a cancellation on your record. You may also have to pay a higher amount for years because you let your coverage slip a little bit. The one universal car insurance law: the higher risk the driver, the higher cost for the auto insurance.
Nonrenewal means that the current insurance policy elected not to renew the insurance policy when it came time to being due again. Most often, this happens because the person covered on the policy makes too many claims during the time they were insured, such as driving under the influence, too many at-fault accidents, or too many tickets during the last three to five years. In the event of nonrenewal, the insurance company terminates the contract with the policyholder and, depending on the location, the driver of the car would have to find comparative auto insurance. The insurer is required to send a notice of nonrenewal – usually thirty days – with the reason to drop your policy.
If you don't pay your car insurance premium on time, the auto insurance company has the option to terminate or cancel the policy. Your policy can also be canceled for misrepresenting information insurance companies find necessary about your risk level as a driver or losing your driver's license due to driving while intoxicated or with an expired, revoked or suspended license. Some insurance companies may cancel your policy at any time, given that they provide the amount of notice required by law, just because you are found to be a nondesirable driver.
Most states will mail out a letter telling the policyholder that they neglected to pay last month's bill and give a certain amount of time, like ten days, to send in the proper amount of cash before cancellation takes place. After the insurance company receives the payment, if it is prior to the cancellation date, most will send letters of reinstatement. In most cases, you will be required to pay the premium plus a late fee and an additional amount to cover any gaps between insurance coverage.
Some states will not reinstate policyholders if they are more than one day late with payment, even if payment was mailed. Each state has different laws which apply to drivers that don't pay their premium on their car insurance policy, but it is universal that once your car insurance policy has been canceled, it is really difficult to find car insurance coverage elsewhere.
Most auto insurance companies will raise the price of the monthly premium if the driver it is providing coverage for cannot keep their vehicle insured. Some providers may require high-risk policyholders to pay for an entire year's worth of insurance up front if there is a cancellation on your record. You may also have to pay a higher amount for years because you let your coverage slip a little bit. The one universal car insurance law: the higher risk the driver, the higher cost for the auto insurance.
DYNAMIC LIFE AND AUTO INSURANCE : Things You Want with California Low Cost Auto Insurance
You may be looking for the cheapest rate possible with your California low cost auto insurance. However, the money savings are not everything if the coverage is no good. Many of the things you may want to add to your policy include side of the road coverage, medical benefits, and injury protection for you. These are things many people don’t think about until they really need them and after it is too late. When you are looking for automobile insurance coverage you should always look at the different factors and the options you can add to the policy for coverage.
Side of the road service is something that many people absolutely cannot live without. This may raise a cheap auto policy up a couple of dollars each month but it gives people a safe feeling while they are driving. No one wants to get stuck on the side of the roads in California with a broken down vehicle. There is nothing more scarier, especially if you don’t have anyone you can call to come and get you or help you. You have to be able to rely on your insurance company to provide side of the road support and take care of you.
Medical benefits are something that you can add to an automobile policy that will take care of you if you are injured or you need to see a doctor for any reason. This is similar to a medical insurance policy but not quite. Some insurance companies will take care of you if you are injured for any reason on the job, at home, a friend’s house or anywhere and you are unable to work or you need money to pay for a surgery or the bill. Some companies pay up to $100,000 for medical benefits. This can help tremendously and it is a good idea if you do not have insurance.
Injury protection for you is not usually covered under a policy that is liability unless you get full coverage. However, some full coverage policies will not protect you if you are injured. They will only protect the person that you hit and your passengers. Be sure that if you are injured in an accident your insurance company is going to take care of you so you are not stuck with a big bill. Most people assume their insurance company covers them when they are injured and then find out after it is too late. Verify the company will provide medical payments for injuries that happen to you.
When you are looking for low cost California auto insurance it is very important that you look for many additional options to add to your policy. One of the best options you should consider is a side of the road service to add to your policy. If you do not have side of the road coverage at least consider buying a AAA policy on top of your car insurance. Always be sure you have medical benefits that can help you with any emergencies or accidents that may happen to you or your family members. Also, verify the policy takes care of injuries that happen to you if you are in an accident.
Side of the road service is something that many people absolutely cannot live without. This may raise a cheap auto policy up a couple of dollars each month but it gives people a safe feeling while they are driving. No one wants to get stuck on the side of the roads in California with a broken down vehicle. There is nothing more scarier, especially if you don’t have anyone you can call to come and get you or help you. You have to be able to rely on your insurance company to provide side of the road support and take care of you.
Medical benefits are something that you can add to an automobile policy that will take care of you if you are injured or you need to see a doctor for any reason. This is similar to a medical insurance policy but not quite. Some insurance companies will take care of you if you are injured for any reason on the job, at home, a friend’s house or anywhere and you are unable to work or you need money to pay for a surgery or the bill. Some companies pay up to $100,000 for medical benefits. This can help tremendously and it is a good idea if you do not have insurance.
Injury protection for you is not usually covered under a policy that is liability unless you get full coverage. However, some full coverage policies will not protect you if you are injured. They will only protect the person that you hit and your passengers. Be sure that if you are injured in an accident your insurance company is going to take care of you so you are not stuck with a big bill. Most people assume their insurance company covers them when they are injured and then find out after it is too late. Verify the company will provide medical payments for injuries that happen to you.
When you are looking for low cost California auto insurance it is very important that you look for many additional options to add to your policy. One of the best options you should consider is a side of the road service to add to your policy. If you do not have side of the road coverage at least consider buying a AAA policy on top of your car insurance. Always be sure you have medical benefits that can help you with any emergencies or accidents that may happen to you or your family members. Also, verify the policy takes care of injuries that happen to you if you are in an accident.
DYNAMIC LIFE AND AUTO INSURANCE : Auto Insurance Terminology
As anyone who has shopped for auto insurance - or filed an auto insurance claim - knows, car insurance agents and companies use terminology all their own. Below is a list of definitions to give you the expertise to close the gap: auto insurance comparisons and dealing with claims doesn't have to feel like negotiating in a foreign language!
Actual cash value: The market value of your car as it stands today.
Anti-theft device: A device that deters thieves or burglars from stealing your car. Some insurance companies offer a discount if you have one in your car.
Assigned risk insurance: In states requiring insurance coverage for its drivers, it's a law that requires insurance companies to accept a certain number of high-risk drivers onto their policies. Such policies can be pricey, but they do exist.
Auto replacement coverage: Supplement that allows for your entire vehicle to be completely repaired or replaced, regardless of cost to the insurance company.
Bodily injury liability coverage: Covers another party's personal injuries if you caused a crash.
Binder: Temporary auto insurance that protects you until your new policy comes into force.
Betterment: Parts damaged in an accident may be replaced with parts in better condition than the car already had; the driver may be asked to pay the difference in cost.
Collision coverage: Pays for damage to, or replacement of your car in the event of an accident; sometimes required by car lenders.
Comprehensive insurance: Covers events not covered by collision insurance, for example, natural disasters, theft, and vandalism.
Deductible: The amount you pay for an incident before your insurance policy kicks in. The higher the deductible, the lower the rate.
Gap car insurance: Covers the difference between what you still owe on your car and its actual cash value as totaled in a wreck.
Good driver plan: An incentive offered by some insurance companies for maintaining a good driving record over a designated time period.
Lien: A claim on property as security for an owed debt.
Liability insurance: Covers losses to people and property damaged by your found negligence; is a required minimum in many states.
Passive restraint system: A safety system, such as an airbag or seatbelts, that works on its own to protect drivers and passengers from bodily injury. Some insurance companies give discounts for their presence in the car.
No-fault auto insurance: In some states, this type of policy replaces liability insurance. It covers damages to your own party or automobile, regardless of who was at fault. It allows for more expedient accident-related health care. In some states (i.e., where it's not the basic requirement) it's referred to as Personal Injury Protection. Sometimes no-fault insurance comes with a limit to claims (as part of a limit on torts claims).
SR-22 auto insurance: Also known as a Certificate of Financial Responsibility or CFR, it's that card you carry in your car verifying that you are covered by the state's minimal insurance requirement. Some states let you know whether or not you have an acceptable amount of automotive insurance.
Total loss: When the cost of repairing a damaged automobile exceeds its actual cash value.
Uninsured motorist coverage: Covers you when the other party in an accident doesn't have liability insurance coverage to pay for damages to your car or body.
Actual cash value: The market value of your car as it stands today.
Anti-theft device: A device that deters thieves or burglars from stealing your car. Some insurance companies offer a discount if you have one in your car.
Assigned risk insurance: In states requiring insurance coverage for its drivers, it's a law that requires insurance companies to accept a certain number of high-risk drivers onto their policies. Such policies can be pricey, but they do exist.
Auto replacement coverage: Supplement that allows for your entire vehicle to be completely repaired or replaced, regardless of cost to the insurance company.
Bodily injury liability coverage: Covers another party's personal injuries if you caused a crash.
Binder: Temporary auto insurance that protects you until your new policy comes into force.
Betterment: Parts damaged in an accident may be replaced with parts in better condition than the car already had; the driver may be asked to pay the difference in cost.
Collision coverage: Pays for damage to, or replacement of your car in the event of an accident; sometimes required by car lenders.
Comprehensive insurance: Covers events not covered by collision insurance, for example, natural disasters, theft, and vandalism.
Deductible: The amount you pay for an incident before your insurance policy kicks in. The higher the deductible, the lower the rate.
Gap car insurance: Covers the difference between what you still owe on your car and its actual cash value as totaled in a wreck.
Good driver plan: An incentive offered by some insurance companies for maintaining a good driving record over a designated time period.
Lien: A claim on property as security for an owed debt.
Liability insurance: Covers losses to people and property damaged by your found negligence; is a required minimum in many states.
Passive restraint system: A safety system, such as an airbag or seatbelts, that works on its own to protect drivers and passengers from bodily injury. Some insurance companies give discounts for their presence in the car.
No-fault auto insurance: In some states, this type of policy replaces liability insurance. It covers damages to your own party or automobile, regardless of who was at fault. It allows for more expedient accident-related health care. In some states (i.e., where it's not the basic requirement) it's referred to as Personal Injury Protection. Sometimes no-fault insurance comes with a limit to claims (as part of a limit on torts claims).
SR-22 auto insurance: Also known as a Certificate of Financial Responsibility or CFR, it's that card you carry in your car verifying that you are covered by the state's minimal insurance requirement. Some states let you know whether or not you have an acceptable amount of automotive insurance.
Total loss: When the cost of repairing a damaged automobile exceeds its actual cash value.
Uninsured motorist coverage: Covers you when the other party in an accident doesn't have liability insurance coverage to pay for damages to your car or body.
DYNAMIC LIFE AND AUTO INSURANCE : Auto Insurance Components
Cheap auto insurance can end up costing you a lot more than you bargained for if you purchased discount car insurance without the coverage you really needed in the first place. Before you compare auto insurance quotes and buy insurance online, you should first know the basic types of insurance coverage available and then select the coverage that best suits your needs. We are here to help you make the right choices.
Before you start searching for auto insurance discounts and getting auto insurance, learn about both the basic and optional insurance coverage available. Do you need auto liability insurance and/or bodily injury liability protection? Should you purchase optional gap auto insurance? And what is the difference between comprehensive auto coverage and full coverage auto insurance? You'll find all the answers right here.
When you buy car insurance online, don't just compare auto insurance quotes, take a close look at the insurance coverage that comes with each insurance policy.
Auto insurance coverage is packaged into a number of different components. When considering discount car insurance, the first thing to do is determine what your state's minimum auto insurance requirements are. Each state is different, so visit our State-by State Insurance Guide to find out your state's requirements.
You purchase car insurance for two reasons:1) to protect yourself (and your family) in the event of an auto accident and you suffer a loss to your person or property; and, 2) to protect yourself (and your family) from losses suffered by others in the event of an auto accident.
Here are the basic types of auto insurance coverage and their components:
Listed below are the different components of a basic auto insurance policy, as well as several types of optional insurance coverage.
Auto Liability Insurance
Bodily Injury Liability Protection
Collision Coverage
Comprehensive Auto Coverage
Full Coverage Auto Insurance
Personal Injury Protection
Property Damage Liability
Uninsured Motorist Bodily Injury Protection
Uninsured Motorist Property Damage
Rental Car Reimbursement Coverage
Towing Reimbursement Coverage
Before you start searching for auto insurance discounts and getting auto insurance, learn about both the basic and optional insurance coverage available. Do you need auto liability insurance and/or bodily injury liability protection? Should you purchase optional gap auto insurance? And what is the difference between comprehensive auto coverage and full coverage auto insurance? You'll find all the answers right here.
When you buy car insurance online, don't just compare auto insurance quotes, take a close look at the insurance coverage that comes with each insurance policy.
Auto insurance coverage is packaged into a number of different components. When considering discount car insurance, the first thing to do is determine what your state's minimum auto insurance requirements are. Each state is different, so visit our State-by State Insurance Guide to find out your state's requirements.
You purchase car insurance for two reasons:1) to protect yourself (and your family) in the event of an auto accident and you suffer a loss to your person or property; and, 2) to protect yourself (and your family) from losses suffered by others in the event of an auto accident.
Here are the basic types of auto insurance coverage and their components:
Listed below are the different components of a basic auto insurance policy, as well as several types of optional insurance coverage.
Auto Liability Insurance
Bodily Injury Liability Protection
Collision Coverage
Comprehensive Auto Coverage
Full Coverage Auto Insurance
Personal Injury Protection
Property Damage Liability
Uninsured Motorist Bodily Injury Protection
Uninsured Motorist Property Damage
Rental Car Reimbursement Coverage
Towing Reimbursement Coverage
Dynamic Life And Auto Insurance : Top 5 Auto Insurance Money-Saving Tips
The more you know about insurance, the more you'll be able to save on your premiums. The good news is www.kanetix.ca has compiled a list of the most common money-saving tips to get you started.
Insure All Your Cars on the Same Policy
Most insurance companies offer a "multi-car discount" for customers who insure more than one car on the same policy. This alone can bring you a savings of up to 10 per cent.
Insure Your Home and Car With the Same Insurer
You can get up to 10 per cent off your premiums if you insure your car and your home through the same insurer.
Often referred to as a "multi-line discount", this is offered by most insurance companies as an incentive to get your home insurance business too.
Increase Your Deductibles
A deductible is the portion of an insurance claim you agree to pay. Your insurer picks up the rest. By taking on greater financial responsibility, the insurance company considers you less of an insurance risk and will adjust your premiums accordingly.
In other words, the higher the deductible you choose, the lower your insurance rate. For example, online quotes through www.kanetix.ca showed that increasing your deductibles from $500 to $1,000 could save about 5-10 per cent.
Choose a Car That Costs Less to Insure
Sure they all have 4 wheels and get you from point A to B, but each car is rated differently - mostly on its previous claims history.
For example, the more likely the car is to be stolen or in an accident, the more you will pay for insurance to cover it. If you are buying a new car, compare quotes online first to see how your new car rates with insurers.
Shop Around
Auto insurance coverage may be standard throughout the province, but insurance premiums are another story.
Coverage from one company to the next can vary by hundreds of dollars. The only way to make sure you are getting the best price for your policy is to shop around and compare rates from several companies.
Insure All Your Cars on the Same Policy
Most insurance companies offer a "multi-car discount" for customers who insure more than one car on the same policy. This alone can bring you a savings of up to 10 per cent.
Insure Your Home and Car With the Same Insurer
You can get up to 10 per cent off your premiums if you insure your car and your home through the same insurer.
Often referred to as a "multi-line discount", this is offered by most insurance companies as an incentive to get your home insurance business too.
Increase Your Deductibles
A deductible is the portion of an insurance claim you agree to pay. Your insurer picks up the rest. By taking on greater financial responsibility, the insurance company considers you less of an insurance risk and will adjust your premiums accordingly.
In other words, the higher the deductible you choose, the lower your insurance rate. For example, online quotes through www.kanetix.ca showed that increasing your deductibles from $500 to $1,000 could save about 5-10 per cent.
Choose a Car That Costs Less to Insure
Sure they all have 4 wheels and get you from point A to B, but each car is rated differently - mostly on its previous claims history.
For example, the more likely the car is to be stolen or in an accident, the more you will pay for insurance to cover it. If you are buying a new car, compare quotes online first to see how your new car rates with insurers.
Shop Around
Auto insurance coverage may be standard throughout the province, but insurance premiums are another story.
Coverage from one company to the next can vary by hundreds of dollars. The only way to make sure you are getting the best price for your policy is to shop around and compare rates from several companies.
Dynamic LIfe And Auto Insurance : Affordable Business Auto Insurance
If you're shopping for affordable auto insurance and looking to save money, there are many variables to consider. The price of auto insurance varies depending on the car you drive, your driving record, and the insurance company you choose. This guide has information to help you choose the best auto insurance policy for your goals.
If you're wanting Affordable Business Auto Insurance, You Need To Shop Around
It's easy to shop around and get price quotes from various companies now that most of this information is online. the Insurance Information Institute suggests drivers get at least three price quotes. You can get an online auto insurance quote from an insurance Web site or call them directly. Sometimes, your state insurance department has charts to compare auto insurance. Be sure to compare quotes from different types of insurance companies. For example, some companies sell policies through their own agents, while others sell through independent agents who offer policies from various insurance companies. Sometimes policies are sold directly online or by phone. Depending on the sales method, prices may vary.
Remember, though, you shouldn't shop by price alone. Make sure the company as a whole satisfies you. Do they answer your questions and handle claims effectively and fairly? Talk with friends, family, and co-workers, or check consumer magazines. State insurance departments also provide consumer complaint ratios for various companies.
Ask for Higher Deductible To Reduce The Cost of Your Business Auto Insurance
A higher deductible can lower the price of your auto insurance considerably. According to www.iii.org, "Increasing your deductible from $200 to $500 could reduce your collision coverage and comprehensive coverage premium by 15 to 30 percent. Going to a $1,000 deductible can save you 40 percent or more." These are substantial savings; however, you need the deductible on hand in case something happens to your vehicle.
Compare Insurance Costs Before Buying Car
The price of auto insurance depends greatly on the type of car you drive. Factors include the sticker price, costs for repair, overall safety record and the likelihood of theft. Often insurers offer discounts to drivers who take measures to reduce the risk of injuries or theft.
Purchase Home and Auto Insurance from Same Provider
If you buy two or more types of insurance from one insurer, you will often receive a multi-policy discount. You may also pay a lower price if you insure more than one vehicle with the same insurance company. Often, long-time customers are offered reduced premiums.
Take Advantage of Low-mileage and Safe-driver Discounts
Some motorists receive a low-mileage discount from their insurers for driving a lower than average number of miles per year. These discounts also often apply to drivers who carpool. And, if you're a safe driver, and you have not had any accidents or moving violations in a number of years, many companies will reward you with a safe-driver discount. If you've recently taken a defensive driving course, you may also receive a price reduction.
To save money on, business auto insurance is something to ask about. You may be eligible for insurance through your employer, or through professional or business groups and other associations you are involved in. You should also closely monitor your credit rating because your credit may affect the price you pay for insurance. No matter what, always shop around and compare prices. This is the most effective way to save money on auto insurance!
If you're wanting Affordable Business Auto Insurance, You Need To Shop Around
It's easy to shop around and get price quotes from various companies now that most of this information is online. the Insurance Information Institute suggests drivers get at least three price quotes. You can get an online auto insurance quote from an insurance Web site or call them directly. Sometimes, your state insurance department has charts to compare auto insurance. Be sure to compare quotes from different types of insurance companies. For example, some companies sell policies through their own agents, while others sell through independent agents who offer policies from various insurance companies. Sometimes policies are sold directly online or by phone. Depending on the sales method, prices may vary.
Remember, though, you shouldn't shop by price alone. Make sure the company as a whole satisfies you. Do they answer your questions and handle claims effectively and fairly? Talk with friends, family, and co-workers, or check consumer magazines. State insurance departments also provide consumer complaint ratios for various companies.
Ask for Higher Deductible To Reduce The Cost of Your Business Auto Insurance
A higher deductible can lower the price of your auto insurance considerably. According to www.iii.org, "Increasing your deductible from $200 to $500 could reduce your collision coverage and comprehensive coverage premium by 15 to 30 percent. Going to a $1,000 deductible can save you 40 percent or more." These are substantial savings; however, you need the deductible on hand in case something happens to your vehicle.
Compare Insurance Costs Before Buying Car
The price of auto insurance depends greatly on the type of car you drive. Factors include the sticker price, costs for repair, overall safety record and the likelihood of theft. Often insurers offer discounts to drivers who take measures to reduce the risk of injuries or theft.
Purchase Home and Auto Insurance from Same Provider
If you buy two or more types of insurance from one insurer, you will often receive a multi-policy discount. You may also pay a lower price if you insure more than one vehicle with the same insurance company. Often, long-time customers are offered reduced premiums.
Take Advantage of Low-mileage and Safe-driver Discounts
Some motorists receive a low-mileage discount from their insurers for driving a lower than average number of miles per year. These discounts also often apply to drivers who carpool. And, if you're a safe driver, and you have not had any accidents or moving violations in a number of years, many companies will reward you with a safe-driver discount. If you've recently taken a defensive driving course, you may also receive a price reduction.
To save money on, business auto insurance is something to ask about. You may be eligible for insurance through your employer, or through professional or business groups and other associations you are involved in. You should also closely monitor your credit rating because your credit may affect the price you pay for insurance. No matter what, always shop around and compare prices. This is the most effective way to save money on auto insurance!
Dynamic Life And Auto Insurance : Five Top Tips to Lower Auto Insurance Premiums
The more you know about insurance and how it works, the more you'll be able to save off your premiums. The good news is that www.kanetix.ca has compiled a list of the most common money-saving tips to get you started.
Insure all your cars on the same policy
Most insurance companies offer a "multi-car discount" for customers who insure more than one car on the same policy. This alone can bring you a savings of up to 10 per cent!
Insure your home and car with the same insurer
You can get up to 5 per cent off your premiums if you insure your car and your home through the same insurance company. This is commonly referred to as a "multi-line discount" and is offered by most insurance companies as an incentive to get your home insurance business too.
Increase your deductibles
A deductible is the portion of an insurance claim you agree to pay. Your insurance company picks up the rest. By taking on more financial responsibility, the insurance company considers you less of an insurance risk and will adjust your premiums accordingly.
In other words, the higher the deductible you choose, the lower your insurance rate. How much are we talking about? That depends, but online quotes through www.kanetix.ca show that increasing your deductibles from $500 to $1,000 you could save about 5-10 per cent!
Bonus tip
If your car is getting up there in age, you might want to consider dropping the collision coverage on your policy altogether. Talk this one out with your insurance representative because you need to weigh the cost of the collision coverage with the value of your car and your deductible. But consider this, if your car is worth $1000, and your deductible is $1000, your collision coverage is not going to help.
Choose a car that costs less to insure
Sure they all have 4 wheels and get you from point A to point B, but each car is rated differently - mostly on its previous claims history. For example, the more likely the car is to be stolen or in an accident, the more you will pay for insurance to cover it. If you are buying a new car, compare quotes online first to see how your new car rates with insurers.
Shop around
Auto insurance coverage may be standard throughout the province, but insurance premiums are another story. Coverage from one company to the next can vary by hundreds of dollars. The only way to make sure you are getting the best price for your policy is to shop around and compare rates from several companies.
Insure all your cars on the same policy
Most insurance companies offer a "multi-car discount" for customers who insure more than one car on the same policy. This alone can bring you a savings of up to 10 per cent!
Insure your home and car with the same insurer
You can get up to 5 per cent off your premiums if you insure your car and your home through the same insurance company. This is commonly referred to as a "multi-line discount" and is offered by most insurance companies as an incentive to get your home insurance business too.
Increase your deductibles
A deductible is the portion of an insurance claim you agree to pay. Your insurance company picks up the rest. By taking on more financial responsibility, the insurance company considers you less of an insurance risk and will adjust your premiums accordingly.
In other words, the higher the deductible you choose, the lower your insurance rate. How much are we talking about? That depends, but online quotes through www.kanetix.ca show that increasing your deductibles from $500 to $1,000 you could save about 5-10 per cent!
Bonus tip
If your car is getting up there in age, you might want to consider dropping the collision coverage on your policy altogether. Talk this one out with your insurance representative because you need to weigh the cost of the collision coverage with the value of your car and your deductible. But consider this, if your car is worth $1000, and your deductible is $1000, your collision coverage is not going to help.
Choose a car that costs less to insure
Sure they all have 4 wheels and get you from point A to point B, but each car is rated differently - mostly on its previous claims history. For example, the more likely the car is to be stolen or in an accident, the more you will pay for insurance to cover it. If you are buying a new car, compare quotes online first to see how your new car rates with insurers.
Shop around
Auto insurance coverage may be standard throughout the province, but insurance premiums are another story. Coverage from one company to the next can vary by hundreds of dollars. The only way to make sure you are getting the best price for your policy is to shop around and compare rates from several companies.
Dynamic Life And Auto Insurance : Auto Insurance Discounts and Their Policy
Auto insurance discounts are offered for various reasons and situations. While it is true that many insurance companies are forced to cut their prices due to stifling competition, the rate of their premiums are far from being just a product of guesswork.
Finding Auto Insurance Discounts
It would seem that finding car insurance discounts is very easy. The abundance of offers would most probably tire out an individual and make him choose out of expediency or confusion instead of careful consideration. However, one should never choose a policy simply based on potential auto insurance discounts; one should not only look at the amount, but also at the policy's coverage and conditions.
Car insurance discounts could be considered as rewards for people who possess certain characteristics, qualifications, or attainments which make them ‘fit behind the wheel. Insurance companies also favor certain types of cars, and are also conscious of how it will be used.
Personal Considerations
Those who have unblemished driving records could easily qualify for auto insurance discounts. Premiums are based on the degree of risk that an insurance company takes when accepting and insuring a client. Hence, it is only logical for these firms to offer lower rates to those whom they believe are very meticulous or conscious when it comes to their safety.
Car insurance discounts are also readily given to those who successfully complete a defensive driving program. Those who often use public transportation or participate in carpool programs will also be favorably looked upon by insurance firms.
Age is also a factor in auto insurance discounts. Students under the age of 25 who have good scholastic records could easily qualify for lower premium rates. Car insurance discounts are also available for those who are already past the age of 55 and are already retired.
Auto Insurance Discounts
Auto insurance companies offer favorable rates to persons whose cars are in good driving condition. Some firms prefer certain types or models of vehicles since they are already proven to be safer than the others. Lower rates are also given to those who own cars that are equipped with certain safety equipment or features, such as airbags, anti-theft systems, and anti-lock braking systems.
Policy-Related Cuts
Some companies provide auto insurance discounts when the policy is combined with another one, such as home insurance. Rate cuts are also given to those who have several cars and insure all of them with one company.
Auto insurance companies are very aggressive in marketing their products. It is therefore important for one to devote time and effort in carefully scrutinizing each offer in order to acquire the best deal.
Finding Auto Insurance Discounts
It would seem that finding car insurance discounts is very easy. The abundance of offers would most probably tire out an individual and make him choose out of expediency or confusion instead of careful consideration. However, one should never choose a policy simply based on potential auto insurance discounts; one should not only look at the amount, but also at the policy's coverage and conditions.
Car insurance discounts could be considered as rewards for people who possess certain characteristics, qualifications, or attainments which make them ‘fit behind the wheel. Insurance companies also favor certain types of cars, and are also conscious of how it will be used.
Personal Considerations
Those who have unblemished driving records could easily qualify for auto insurance discounts. Premiums are based on the degree of risk that an insurance company takes when accepting and insuring a client. Hence, it is only logical for these firms to offer lower rates to those whom they believe are very meticulous or conscious when it comes to their safety.
Car insurance discounts are also readily given to those who successfully complete a defensive driving program. Those who often use public transportation or participate in carpool programs will also be favorably looked upon by insurance firms.
Age is also a factor in auto insurance discounts. Students under the age of 25 who have good scholastic records could easily qualify for lower premium rates. Car insurance discounts are also available for those who are already past the age of 55 and are already retired.
Auto Insurance Discounts
Auto insurance companies offer favorable rates to persons whose cars are in good driving condition. Some firms prefer certain types or models of vehicles since they are already proven to be safer than the others. Lower rates are also given to those who own cars that are equipped with certain safety equipment or features, such as airbags, anti-theft systems, and anti-lock braking systems.
Policy-Related Cuts
Some companies provide auto insurance discounts when the policy is combined with another one, such as home insurance. Rate cuts are also given to those who have several cars and insure all of them with one company.
Auto insurance companies are very aggressive in marketing their products. It is therefore important for one to devote time and effort in carefully scrutinizing each offer in order to acquire the best deal.
Subscribe to:
Posts (Atom)
Posts
