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Auto Insurance Basics

What Exactly is Auto Insurance

Auto insurance is designed to provide protection to you in the event you injure others, including property damages and bodily injury, as a result of an accident. Furthermore, depending on the coverage and plan you have, it will provide reimbursement to you for injuries and damage done to your vehicle. In its most basic form, car insurance is a contract, made between you and your carrier. You agree to pay a set price, referred to as premiums, in exchange for selected coverages.

The type of policy you have is written out in detail in the declaration page, so make sure you always read it and understand the exact coverage you have. It’s always smart to go through your policy thoroughly and make sure you don’t have any overlapping items, such as rental insurance. This is often covered on your credit card agreement, so you might just be wasting money having it. Remember, you can always upgrade your insurance and cancel it anytime.

What does automobile insurance cover?

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The Basic Steps of a Car Insurance Claim Process

The initial few hours, and days, that follow a car accident are filled with anxiety, stress, and confusion for almost all insured drivers. Many long for an expert to help them and take care of the whole procedure. Filing an insurance claim is when you ask the insurance company to compensate you for the damages caused as a result of a car accident, or when you request insurance agents to intervene on your behalf when you hold someone else liable for the accident.

You pay a considerable amount of cash for your car insurance. Hence it is only justified when you want to make a claim after being involved in an accident. Based on the insurance program you have opted for your company will provide you coverage accordingly. Insurance agencies are assigned to protect you and function as your advocate. At times, people want to handle things by themselves, which is not advisable when there is a third party involved.

Here is a step-by-step process of what you need to do to file a car accident insurance

Terms and Conditions of Auto Insurance

Based on the high rate of accidents which happen each year, it is imperative that anyone driving a car whether it is your car or a friend’s car must have an auto insurance policy even if it is the least of all insurance policies available.

An insurance covers the policyholder and in most cases it covers other people who use the car or the driver. However if the car gets into an accident which is not in the interest of the policyholder, or in violation with the agreement between the policyholder and the insurance company, the insurance policy will not cover the damages from such accident.

In instances where the insured vehicle gets sold to another person, the new owner is covered by the third party liability Insurance and also by the comprehensive car insurance policy (if there is any) within a period of 3 weeks after the change of ownership. When there is a new active insurance policy, all deductibles under the insurance will be paid by the new car owner.

Auto insurance does not cover

Cheap Comprehensive Car Insurance

Once of the important choices, you need to make when researching the right policy, is whether or not to add comprehensive insurance. This extended coverage is also referred to as “full cover insurance” and provides a greater level of vehicle protection. Let’s take a close up look at the definition first. Comprehensive insurance is coverage for damage that’s been inflicted to your vehicle that’s not connected to an automobile collision.

The things covered can be quite broad but also very rare in some instances. Here is a short list of the most common comprehensive claim occurrences.

* Vehicle Theft

One of the main reasons people buy this type of insurance is protecting the value of their car, in the event it is stolen. Automobile thefts are escalating and not just for expensive luxury cars. Take a look at the top 10 most stolen vehicle list, and you will see Honda Accords, Civics, and even the Toyota Camry. If you park your car on the street in an urban area, you should strongly consider adding full cover auto insurance on your policy.

* Glass Breakage

Have you ever cruised behind a dump or

Don’t Mess With Car Insurance: Avoid The Commotion

In India, as per the Motor Vehicles Act of 1988, it is compulsory that every vehicle being driven on the road be insured. This car insurance is classified as third-party car insurance and comprehensive car insurance. Though third-party car insurance is mandatory by law, buying a comprehensive policy is only as per one’s wish.

What to consider before buying a car insurance policy
It is rightly said, “Never trouble trouble till trouble troubles you”. However, why be troubled when you can easily analyze your own needs and choose the right cover for your car?
1. Analyze your coverage

Understand and analyze your coverage. Make sure you cover your car adequately. We are not advising you to be covered insufficiently, however paying huge premiums also does not really make sense. For Example, third-party car insurance is mandatory by law. If your car meets with an accident, coverage is guaranteed to the third party only in the event of bodily injuries, permanent disability, and accidental death. What happens to your car now? In this case your assets could be at risk if it had to be a major accident. Hence going for a comprehensive insurance would now

Common Car Insurance Mistakes to Avoid

1. No Preparation

Before you rush into the market and ask for some quotes, please prepare all the necessary information and write them down on a piece of paper. The data may include personal information such as age, address with zip code, profession, car model and year, etc. Some companies will even require credit score and driving history information. Depending on where you live, please check with local DMV regarding the minimum liability coverage required for every driver. It prevents you from purchasing the wrong coverage and waste of money. Deductible also plays a major role in determining your premium fee. High deductible usually means low premium fee and the other way around. You have to prepare to answer the question before you ask for quotes and make proper comparison between them.

2. Not Comparing Quotes

Some of your friends probably recommend you to purchase insurance from certain company. It can be a good idea as long as your friends have not had any trouble with the premium, claim process, customer service, etc. It is still unwise, however, to choose insurance company only based on someone else’s recommendations. The best thing to do is

When Getting Auto Insurance, the First Thing Most People Do Is Get a Bunch of Quotes

Auto Insurance Quotes comparison should include a few more steps than checking your wallet. First is to get all the information presented to you in order, this means getting accurate quotes in the first place. If you did not give the company your cars make and model as well as your driving record, chances are you were given a ballpark quote that may be a lot more, or less, than you will pay. Often insurance companies give ballpark ranges of their lowest paying customers in order to entice you to join, only to nail you with much higher premiums later.

Getting your insurance quotes on an apple to apple basis can be hard, not all insurance policies are the same. The main factors to compare are bodily injury, property damage, collision coverage and uninsured motorist coverage. Personal injury protection is also favored by many people as it ensures full coverage. Never assume that coverage is the same between companies just because the price is similar. Compare to your existing coverage, or that of a friend to determine the coverage offered is adequate, or insufficient for your needs.

While you glance over a friends policy, ask

Auto Insurance Guidelines for Buying a New Vehicle

Shopping for a new automobile is no one’s concern but your own, right? The auto insurance industry begs to differ with another take on the matter.

To those companies that make it their business to tailor each and every policy according to owner usage and model, make and year as well as all the features that go along, guiding the new buyer to an appropriate selection is a matter of passion. The logic behind the fervor boils down to dollars and cents. After all, if consumers purchase the right kind of car, van, truck – the type with built-in protective safety qualities – it stands to reason that accidents will not be as prevalent and the insurance claims that come along with them will also be minimized.

So, what do those that worry about general liability, other losses and damages, and lawsuits, tell the new buyer? Keep safety measures and the modern technology that assists in safe driving at the forefront of your must-have list, they say.

Included among the priorities for consideration are the following:

• Forward Collision Indicator
The front sensors are built to forewarn a driver of an imminent collision

Car Insurance Estimator – What You Need

Such calculator asks a number of questions; each answer will be used as variable to make quotes and determine the premium fee. The questions can be divided into two main categories including vehicle-related and personal information. Some of the most common questions you see in car insurance estimator are listed as follows:

1. What is your age or birth date?

Age plays a role in the overall estimation. The insurance company considers very young and senior citizens high-risk drivers. The former group probably lack of experience, and there is a high possibility that young drivers break some traffic laws, commit violations such as speeding, etc. The latter group probably has some limitations in terms of vision, hearing, and driving skills, meaning the chance of being involved in accident increases as well.

2. What is your profession?

Car insurance estimator uses drivers’ professions to calculate accident rates. There is a statistic suggesting that certain professions such as doctors, real estate brokers, lawyers, business owners, and salespeople are considered stressful jobs; insurers believe that stressful jobs affect concentrations on driving. Cal insurance calculator may determine higher insurance fee based on this factor.

3. What

Auto Insurance Agents Weigh In on Car Maintenance

According to the insurance industry, owning a car is pretty risky business. From auto repairs, collision hazards to driving habits and more, there’s more than basic or general liability to talk about.

But the pros tell us that putting in just a little bit of thought into everyday things we do with our vehicle can make a whole lot of a difference in any losses or damages to the pocket and otherwise.

Take for instance, the good old auto insurance policy. Have you even read about the actual coverage? Whether you scoot around in a motorcycle or ATV, drive a standard model car or the luxury or classic type, or find yourself behind the wheel of a massive RV or commercial truck, going over your plan with a reliable agency will reveal any gaps that need to be closed and avoiding any heartache in regard to an accident.

Of course, treating your vehicle with a little bit of love and care will go a long way in preventing visits to the local mechanic and the statements that accompany them. To clarify, we’ve created an easy guide to follow.

6 Great Tips from the

Benefits of Using Car Insurance Calculator Services

A statistical assessment of the risks tied to a certain person is used as the basis for the premium amount. For individuals who pose a greater risk of becoming involved in a vehicular accident, the insurance company is more likely to spend money in response to a claim. Therefore, these policyholders typically pay a greater premium amount compared to those assessed to be at low risk.

Although two people may have the same type of car and salary grade, they may be paying a different premium for their auto insurance. The amount is determined using a car insurance estimator, which is an invaluable tool for the insurer.

Who is at greater risk?

The owner of an expensive and powerful vehicle pays a greater premium amount than the holder of a lesser model since the former is at increased risk for auto theft than the latter. Car owners who live in areas with higher crime rates are also ascertained to be at greater risk than those in quiet, residential neighborhoods. Meanwhile, new drivers are considered to be at increased risk compared to veteran drivers, and so those with years of driving experience tend to pay