Category Archives: Car Insurance
Car Insurance Rate:The best versus the cheapest
Car Insurance Rate:The best versus the cheapest
The more you understand about any subject, the more interesting it becomes. As you read this article you’ll find that the subject of car insurance rate is certainly no exception.
Looking For the Best Car Insurance Rate?
You don’t need to go places, meet lots of agents or drop by headquarters of different car insurance companies.
Traditionally, you will have to ask your trusted agent/broker about the best rates that can be offered to you. It somehow works, because the agent handles multiple accounts and affiliations with various insurance firms. And past experiences from other clients make him/her more knowledgeable about the car insurance gateway.
For sure, direct contact or transaction to car insurance companies will save you more on premiums. Why? Because middlemen are eliminated and so are the commissions paid to them. But you will surely find the task a very tedious activity.
Online processing of car insurance applications proves to be a wise move if you are after convenience and savings on gasoline and transport expenses. This mode will surely get you the best of the best rates across the Internet within seconds, and at your fingertips.
Online, you will find a lot of Web sites offering services that scout for cheapest car insurance quotes from insurance firms. The services will give you freedom to exercise your freewill and choose the car insurance company that offers the best quotes and rates for your needed coverage.
How to get the best car insurance rate?
Sometimes the most important aspects of a subject are not immediately obvious. Keep reading to get the complete picture.
To get a cheap car insurance premium, you will have to invest, first of all, in clean driving records. Speeding tickets or traffic violations you have committed for at least the past five years will directly affect the rates you will automatically get for your car insurance policy. If you already have tickets, adopt a self-policy that ‘it is still never too late.’ Start practicing some disciple when off the road.
Get a higher excess charge or deductible. Deductible is the amount you are willing to personally shoulder in case of accidents, repairs or damages. For example, if you set a 0 deductible, the insurance company will not cover any expense if the cost of repairs from a damage will cost less than 0. Suppose the cost of repair reaches 0, you will pay 0 and the insurance firm will take the 0 bill.
The idea might sometimes be misleading. Some people fall through this trap by setting very low deductibles to make sure the insurer covers most of the expenses for repairs or accidents. The catch? Lower deductibles equate for higher premiums and vice versa.
Personal and car information are variables you cannot do something about. But they are the primary factors that get evaluated upon the processing of your car insurance application. Don’t lie and sweeten your facts. Be honest. You may not get the best rates by doing so, but you will surely get the best and real quotes available for drivers of your classification if you will be open and inquisitive.
The best versus the cheapest
Best car insurance rates are not necessarily the cheapest. Best, still is a relative term, even in the car insurance jargon. For most of the industry insiders, best car insurance rates are attained if the coverage and policy purchased are comprehensive, broad and practical, even if the premium that comes with it is not that cheap.
Likewise, the cheapest car insurance rate may not be the best because certain coverage or policy clauses make them less compared to others. The cheapest car insurance rates usually lack certain provisions for various situations and accidents. Sometimes, hitting the bottom is not that ideal, especially if there are other more attractive options out there.
If you’ve picked some pointers about car insurance rate that you can put into action, then by all means, do so. You won’t really be able to gain any benefits from your new knowledge if you don’t use it.
Top 5 Factors Determining Your Car Insurance Rate
Top 5 Factors Determining Your Car Insurance Rate
Auto insurance can be confusing and mind boggling sometimes and it’s hard to determine exactly why some individuals are receiving rates which are lower than others. There are many factors which contribute to the rate of auto insurance, some you have control over and others you don’t.
Below you will find valuable information regarding the factors which are compiled in order to determine the rate of your car insurance. These will help you understand important aspects of auto insurance and why some individuals receive higher rates than others. Here are the top five factors which auto insurance companies will consider when determining your rate of insurance:
1. Age – Your age will greatly affect the rate of your car insurance. Teenagers and individuals who are just beginning to drive will have higher rates for no reason other than their age. There is nothing you can do about this, as you get older and become a more experienced driver your rates will go down. Although they will go down, they will not stay down. When you reach a certain age your car insurance rates will go back up because you are an elderly driver and your eyes and coordination may not be as effective anymore.
2. Auto Insurance Companies – This is a factor which you have control over. Some car insurance companies offer lower rates than others for many reasons. It is up to you to choose which one will benefit you the most both now and in the long run.
3. Gender – Whether you are male or female will also affect the rate of your car insurance. This is yet another factor which you have no control over. Females generally have lower car insurance rates because according to insurance companies men are seen as potential dangerous and careless drivers who are more likely to be involved in car accidents.
4. Type of Vehicle – As much as we would all love to be driving a shiny silver Porsche Boxter all around town, the insurance rates for these types of vehicles are unreal. If you want your auto insurance rates to be low, I would suggest driving a car with a lower price tag. The more money your car is worth, the higher your car insurance rate will be.
5. Driving Violations – This is another factor which you have control over. I know how tempting it is to race your friends the moment you get your license for the first time, but the amount of money you will pay in the long run hardly seems worth it. Any form of ticket you receive can potentially raise the rate of your car insurance. If you want to pay less for car insurance I would suggest abiding by the rules of the road.
Although these are the most important factors in determining your rate of car insurance, there are many other factors which also play a part in how much you will pay. Auto insurance is something we all have to pay for, but by researching and understanding the aspects of this form of insurance you are learning how to reduce your rate to your best ability.
Reducing Your Car Insurance Premiums
Reducing Your Car Insurance Premiums
When it comes to reducing your car insurance premiums you can do a lot to help yourself. However one of the biggest ways in which you can make savings is by choosing to look around for your car insurance. Not only should you shop around, but the best place to look for your car insurance is by doing so online.
Reducing your car insurance premiums isn’t really all that hard just type in the words “car insurance” on any popular search engine and it will give you a huge range to choose from. Of course while this is the best place to look when it comes to purchasing your car insurance, there are some factors that you should have given some thought to beforehand.
To begin with when it comes to reducing your car insurance some thought should be given as to the type of car that you should get. The smaller the car, the less your car insurance will cost you, if you choose a car with a bigger engine then your premiums will be a lot higher. Another factor to take into consideration when it comes to choosing your car is to avoid buying one which is imported, this is usually because the cost to repair them is more expensive.
The more security features that you install on your car, then the safer it is classed, and as such this can help to bring down your premiums. Many insurers will have listings giving you information on the brands and types of security features that they class as being better than others, simply by installing these you can reduce your car insurance premiums.
One of the biggest ways you can make savings is by having a clean driving record; if you have points on your record then this will boost up the amount that you are quoted for your premium, however when applying for your insurance online it is essential that you be totally honest if you do have points.
Always make sure that you don’t include people on your insurance that aren’t going to be driving your car on a regular basis, the more people that you have on your insurance then the higher the premium will be, so if you have family members listed then consider removing them to save on your premium.
Other ways in which you can reduce your car insurance premium is to take advanced driving lessons to boost your safety record and if you are a young driver, an older driver or a woman driver then check out the many specialist sites which cater specifically for age and gender.
How To Get Cheap Car Insurance Online In Maryland
How To Get Cheap Car Insurance Online In Maryland
Almost everyone wishes that he or she could wave a magic wand and find cheap car insurance online in Maryland since car insurance here isn’t cheap. The state of Maryland requires by law that you have liability insurance, uninsured motorist (UM) insurance plus they require you to carry personal injury protection (PIP) insurance.
And if you are financing a car your finance company will also require that you buy collision and comprehensive insurance as well. Each form of insurance is expensive on its own – add them all together and it’s more than many people can afford to pay.
That’s one of the main reasons that so many people want to get cheap car insurance online in Maryland – and, thankfully, finding cheap car insurance is possible.
However, before you jump on line and begin blindly searching for the best rates on car insurance there are a few tips and tricks that you should know to help you on your search.
First and foremost, always drive safely and within the law. Once you have a speeding ticket or a drunk or impaired driving conviction on your record your car insurance rates are going to go through the roof and they’ll stay there for quite some time. If you can’t afford to pay them, you have no one but yourself to blame.
If you’re under 25 and in school stay there and get at least a “B” grade point average. Students with a “B” or better grade point average can qualify for a Good Student Discount and get at least 5% off of their car insurance premiums.
Older drivers can get a break, too. If you’re 55 or older you may have noticed that your car insurance rates are rising. Fight back. Contact your car insurance agent and see if your insurance company offers a driver’s refresher course. If they do, and you pass it, you may be able to save as much as 10 on your monthly premiums.
If you insure an older vehicle with little or no Kelly Blue Book value then you are simply throwing your money away if you pay for collision or comprehensive insurance. Even if your car still has some Blue Book value you still may want to consider dropping collision and comprehensive insurance. Dropping these forms of insurance means that if anything happens to your car your insurance company will not help to repair it or give you even a penny for it, but at the same time you can save quite a bit of money each month on your premiums if you drop comprehensive and collision.
How much can you afford to pay out of your own pocket if you have a claim? The more you are willing to pay – in other words, the higher your deductible – the lower your monthly premiums will be.
O.K. So now you’re armed with the information you need to get cheap car insurance online in Maryland. Make sure you take the time to make insurance price comparisons on at least 2 (and preferably 3) different websites, since none of the websites compares every insurance company.
Comparing prices and policies on multiple websites can seem like a lot of work, but the pay-off will be knowing that you have found the lowest-priced car insurance available and that you are saving a ton of money month after month, year after year.
Women’s Cheap Car Insurance
Women’s Cheap Car Insurance
As sexist as it may sound, gender sometimes place a significant role in a person’s car insurance rates. Women drivers usually get cheaper car insurance rates than men drivers, because statistically, of the two genders, women drivers are more conscientious drivers, who drive safer vehicles, and who file less car insurance claims. Sure, not all women drivers are better drivers than men drivers, but the statistics have spoken loud enough for many of the car insurance companies in America to listen.
However, American car insurance companies are not the only companies that have taken notice and began to offer cheap car insurance policies to women drivers; the UK is also offering lower car insurance rates to women drivers. There are many companies and organizations throughout the UK dedicated solely to helping women get cheap car insurance rates, as well as providing car insurance tips and advice to women drivers. A quick search of the Internet will bring up many of these organizations.
Of course, while women drivers may statistically get lower car insurance rates than men drivers, women drivers are subject to the same criteria as men are subject to, such as:
• Driving records and histories of the driver and/or policyholder
• Location in which the driver and/or policyholder lives and parks her car
• Safety, make, model, and year of the vehicle being insured
• Credit history of the policyholder
• Age and experience of the driver and/or policyholder
For women drivers to optimize their ability to get cheap car insurance rates, they must practice safe driving habits of their own – rather than riding the coattails of the safe women drivers before them – as well as continue to drive safe vehicles and park their vehicles is safe locations, regardless of the area in which they live. Women drivers should also pay attention to their driving records and credit reports, as well as make improvements whenever necessary and possible.
Young Female Cheap Car Insurance
Young Female Cheap Car Insurance
If you’re a female driver, you already have a head start for getting cheap car insurance. Car insurance companies take into consideration statistics claiming that, overall, female drivers are:
• More likely to drive a safer car than male drivers.
• Less likely to commit traffic violations and get traffic tickets than male drivers.
• More likely to choose an economical car that gets good gas mileage and doesn’t cost a fortune to repair.
According to statistics, female drivers also file fewer car insurance claims to their car insurance companies than do male drivers; whether this means that female drivers are involved in fewer accidents or that they just don’t report every bump and scratch is up for interpretation.
In any event, statistically speaking, most female drivers are less risky to insure than most male drivers, which means they are more likely to get cheap car insurance than are male drivers.
However, if you’re a young female driver, you still have an obstacle to overcome. It’s a big obstacle, actually – your age. Young drivers, regardless of gender, normally don’t get the cheap car insurance quotes that older drivers get. Car insurance companies take precaution when offering car insurance quotes to young drivers – male and female – because they are inexperienced. Of course, inexperience means a great risk for car accidents.
Don’t let these statistics discourage you. Being a young female driver also means you have time to start taking the necessary steps to build a great driving record. As long as you drive safely, preventing car accidents, and obey the rules of the road, preventing infractions and tickets, you will avoid points on your driving record. Car insurance companies look at a driver’s driving record when deciding how cheap the car insurance quote should be.
Also take a driver education course. Most high schools offer them, but if yours doesn’t you can take one from a private company in your area.