Apply for cover from your existing insurer as a new customer and it’s likely you’ll be given a cheaper price. This is because car insurers like any company will happily profit from apathy if they can. It’s for this reason renewal notifications are sent as near to renewal as possible; as then you’re pressured for time and less likely to try and find a cheaper price.
To avoid being forced to decide quickly, diarise a warning six weeks before your renewal date, so there’s plenty of time to sort out a new provider. Alternatively use the free Tart Alert which sends a reminder text or email.
Thursday, January 14, 2010
Auto insurance - step 3:Get hidden cashback and haggle
By checking cashback websites and special deals, these sites carry paid links from some retailers and financial services providers; in other words if you click through them and get a product they get paid. They then give you some of this cash which means you get the same product, but a cut of its revenue.
Yet be warned, until it's in your bank account, this cashback is never 100% guaranteed, and getting the right policy is always paramount. Therefore never simply choose based only on cashback, see it as a potential added bonus once you’ve picked the right cover.
The car insurance market is very competitive and companies are desparate to retain business. Therefore once you've got your overall cheapest price get on the phone and try to haggle. There's often massive price flexibility, but be fully armed with the screenscraper's cheapest quotes and any available cashback first.
The first port of call should be your existing insurer, after all if it can beat or even match the best quote it saves the hassle of switching policy. If that doesn't work and you're still in the mood, take it to a broker. For more haggling hints and tips read the full Haggle On The High Street guide.
Yet be warned, until it's in your bank account, this cashback is never 100% guaranteed, and getting the right policy is always paramount. Therefore never simply choose based only on cashback, see it as a potential added bonus once you’ve picked the right cover.
The car insurance market is very competitive and companies are desparate to retain business. Therefore once you've got your overall cheapest price get on the phone and try to haggle. There's often massive price flexibility, but be fully armed with the screenscraper's cheapest quotes and any available cashback first.
The first port of call should be your existing insurer, after all if it can beat or even match the best quote it saves the hassle of switching policy. If that doesn't work and you're still in the mood, take it to a broker. For more haggling hints and tips read the full Haggle On The High Street guide.
Auto insurance - step 2:Combine comparison sites for the best search
Comparison sites zip your details to hosts of insurers' and brokers' websites, scraping their data off the screens to report back the cheapest. Yet as they don't all compare the same sites, to maximise the spread of quotes, you need to combine them, so we've analysed the order that gets you the max. quotes in the min. time
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go compare
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go compare
Auto insurance - step 1:Lower your risk category
1. Ensure you're getting the correct cover
Insurance premiums depend on the insurer, the level of cover and how risky you're perceived to be. Therefore start by defining your cover and ensuring you’re as low a risk as possible.
2. Beware monthly payment plans
Beware 'pay monthly' options - usually the insurer actually just loans you the annual cost and then charges interest at hideous rates on top. So either pay in full, or if you can't afford it, use a credit card with a lower APR rate.
3. Tweaking your job description to save money
Insurers decide prices depending on historic risk assessments, and your occupation plays an important part in this.
Insurance premiums depend on the insurer, the level of cover and how risky you're perceived to be. Therefore start by defining your cover and ensuring you’re as low a risk as possible.
2. Beware monthly payment plans
Beware 'pay monthly' options - usually the insurer actually just loans you the annual cost and then charges interest at hideous rates on top. So either pay in full, or if you can't afford it, use a credit card with a lower APR rate.
3. Tweaking your job description to save money
Insurers decide prices depending on historic risk assessments, and your occupation plays an important part in this.
Auto insurance - New or used car ,better?
Before purchasing a car, whether it be new or used, you should understand that sticker price, cost of repair and incidence of theft all factor into your premium amount. When seeking auto insurance, gather recommendations from friends and neighbors, contact the state insurance department about any company complaints and always solicit at least three price quote comparisons.
Many insurers offer discounts if your car has features that reduce risk of injury (such as air bags and anti-lock brakes) or theft (anti-theft locks and alarms). Low mileage, safe driver records and long time customer discounts can save you money, as can insuring with the same company that underwrites your home. Finally, you might consider dropping collision and comprehensive coverage on “Old Betsy”. Experts believe it’s darn foolish to insure a car worth less than ten times the amount paid to cover it.
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Many insurers offer discounts if your car has features that reduce risk of injury (such as air bags and anti-lock brakes) or theft (anti-theft locks and alarms). Low mileage, safe driver records and long time customer discounts can save you money, as can insuring with the same company that underwrites your home. Finally, you might consider dropping collision and comprehensive coverage on “Old Betsy”. Experts believe it’s darn foolish to insure a car worth less than ten times the amount paid to cover it.
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Auto insurance - The besics
1. Collision - While not mandatory, this reimburses damage to your car that results from an accident. Collision generally comes with a deductible, as much as $1,000, which you are required to pay up front. If the accident was not your fault (and of course it never is), your auto insurance company might reimburse you for the deductible amount.
2. Comprehensive - Reimburses for loss due to theft or damage caused by something other than an accident such as fire, earthquakes, falling objects or getting hit by very large animals such as deer, moose or confused rhinos. This coverage, seldom mandatory, usually comes with a small deductible - although cracked or shattered windshields are often fully compensated.
3. Bodily Injury- Covers you, or a family member in case of injury caused to a third party. Adequate liability insurance is essential given the high cost of going to court and, if you’re found liable, paying the ensuing damages. Most states require liability insurance and the experts strongly recommend buying more than the state required minimum - as much as $100,000 per person and $300,000 per accident. Check into umbrella policies which expand coverage and increase compensation limits.
4. Medical Payments or Personal Injury Protection (PIP)- Pays the hospital and doctor bills and lost wages incurred by the driver, or passengers, resulting from an accident.
5. Property Damage Liability - Pays for the damage you’ve caused to someone else’s automobile or property. Does the same if someone was driving your car without permission.
6. Uninsured and Underinsured Motorist - Compensates you or a family member if involved in an accident with an uninsured motorist or a hit-and-run driver. Underinsured reimburses you if the driver at fault has an amount of insurance insufficient to compensate you for a total loss.
2. Comprehensive - Reimburses for loss due to theft or damage caused by something other than an accident such as fire, earthquakes, falling objects or getting hit by very large animals such as deer, moose or confused rhinos. This coverage, seldom mandatory, usually comes with a small deductible - although cracked or shattered windshields are often fully compensated.
3. Bodily Injury- Covers you, or a family member in case of injury caused to a third party. Adequate liability insurance is essential given the high cost of going to court and, if you’re found liable, paying the ensuing damages. Most states require liability insurance and the experts strongly recommend buying more than the state required minimum - as much as $100,000 per person and $300,000 per accident. Check into umbrella policies which expand coverage and increase compensation limits.
4. Medical Payments or Personal Injury Protection (PIP)- Pays the hospital and doctor bills and lost wages incurred by the driver, or passengers, resulting from an accident.
5. Property Damage Liability - Pays for the damage you’ve caused to someone else’s automobile or property. Does the same if someone was driving your car without permission.
6. Uninsured and Underinsured Motorist - Compensates you or a family member if involved in an accident with an uninsured motorist or a hit-and-run driver. Underinsured reimburses you if the driver at fault has an amount of insurance insufficient to compensate you for a total loss.
Wednesday, January 13, 2010
Auto insurance
Auto insurance (Vehicle insurance ,car insurance, or motor insurance)is insurance for cars, trucks, motorcycle, or other vehicles.It's used for protection against losses incurred as a result of traffic accidents and against liability that could be incurred in an accident.
Auto insurance can cover some or all of items below:
1. The insured party
2. The insured vehicle
3. Third parties (car and people)
4. Third party, fire and theft
5. In some jurisdictions coverage for injuries to persons riding in the insured vehicle is available without regard to fault in the auto accident (No Fault Auto Insurance)
Different policies specify the circumstances under which each item is covered. For example, a vehicle can be insured against theft, fire damage, or accident damage independently.
PS. Before you decide to choose any insurance, you'd to compare information such 2-3 companies and please read all condition included.
Auto insurance can cover some or all of items below:
1. The insured party
2. The insured vehicle
3. Third parties (car and people)
4. Third party, fire and theft
5. In some jurisdictions coverage for injuries to persons riding in the insured vehicle is available without regard to fault in the auto accident (No Fault Auto Insurance)
Different policies specify the circumstances under which each item is covered. For example, a vehicle can be insured against theft, fire damage, or accident damage independently.
PS. Before you decide to choose any insurance, you'd to compare information such 2-3 companies and please read all condition included.
Types of insurance
1. Auto insurance
2. Home insurance
3. Health
4. Accident, Sickness and Unemployment Insurance
5. Casualty
6. Life Insurance
7. Property
8. Liability
9. Credit
10. Insurance financing vehicles
11. Closed community self-insurance
12. Other types
2. Home insurance
3. Health
4. Accident, Sickness and Unemployment Insurance
5. Casualty
6. Life Insurance
7. Property
8. Liability
9. Credit
10. Insurance financing vehicles
11. Closed community self-insurance
12. Other types
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