Car Auto Insurance » Car Insurance Policy

What Is Meant By Automobile Insurance Standard Coverage?

admin — Wed, 28 Apr 2010 11:47:12 +0000

Automobile insurance standard coverage is the basic amount of insurance coverage that is required by law in order for an individual to legally operate a motorized vehicle. You can simply it even further with the blanket statement as being the mandatory amount of auto insurance coverage a driver must possess.

The most important part of anyone’s car insurance policy is the liability coverage. This coverage protects the consumer against the cost of damages and injury that is a direct result of that same consumer if they are the cause of a vehicular accident. For instance if you’re driving down the road and accidentally run into another person’s car this insurance coverage will pay for the damages that result due to the accident.

The liability coverage is further broken down into two subsections. The first is bodily injury liability. This covers and personal injury inflicted by yourself upon others during a car accident. The second subsection is property damage liability. As you may have guessed this is your insurance protection against any damage you cause to another individuals property, usually their car.

Although coverage amounts can vary it is generally suggested that a good baseline of automobile insurance standard coverage should be 100/300/100. This can be read as $100,000 worth of bodily injury caused to another person, $300,000 towards bodily injuries for everyone involved and $100,000 for property damage. With rising medical costs and outrageous car prices this would be the absolute minimum insurance protection I would personally carry in my automobile insurance standard coverage. However, each state is different and you will need to check to see what their car insurance laws constitute as a minimum coverage amount.

If you are in a financial crunch and need a way to save money on your insurance policy try to avoid retaining only the minimum amount of coverage required by your state. Instead try raising your deductible amount (the amount you pay first in the event of an accident before your insurance company kicks in with its payment). You will find that by raising the amount $500 or $750 will significantly lower the monthly costs of your automobile insurance standard coverage.

Two other policies that exist include the medical payments insurance which provides for the immediate treatment of injuries sustained during an auto accident. Anyone riding in your vehicle to include yourself is covered, regardless of who is at fault for the accident. The second policy is commonly known as PIP or personal injury protection, is similar to medical payments coverage, but usually provides broader coverage. Many PIP policies provide compensation for lost wages, funeral expenses, and pain and suffering. Again you will need to check with your state insurance laws for further clarification if you are required to have this additional coverage.

Finally as a safety measure against law breaking individuals who illegally drive without insurance there is uninsured motorist insurance when the other driver has no liability coverage and underinsured motorist coverage which pays for the cost of your injuries that exceed the other driver’s coverage maximum. As before with the PIP coverage you will need to make sure whether or not your particular state requires these forms of coverage as part of their automobile insurance standard coverage.

By: Tim Gorman

Tips On How To You Can Get Better Auto Insurance Rates

admin — Fri, 18 Dec 2009 19:24:08 +0000

Getting better rates on your auto insurance is something that many people would like to do. So many are paying a lot of money, too much money – and doing it unnecessarily. By following a few simple steps, you could reduce your annual auto insurance costs, and save some money for those other projects you would like to do. Here are five steps that will enable you to reduce your costs.

1. Compare Car Insurance Quotes

This is one of the easiest things to do, because you can do it at any time of day, just by going online. You will want to find an insurance Web site that will allow you to get several quotes from different companies with just one application. When you do this, go to at least two different Web sites and get several quotes from both.

Before you get that new car insurance policy, however, you may want to do a little research to discover some things about the company if you are not familiar with that name. You might check with the Better Business Bureau to see if there are many complaints about them not paying for accidents, etc.

2. Read About Car Insurance

In order to really understand what you may be able to do without, in the way of options, you should have a good understanding of what the options cover. Greater savings will come from a greater understanding of what your needs really are. For instance, if you have a brand new car, you may not need the towing option for at least a year or two. You may also be able to do without car rental, too.

3. Increase Your Deductible

This is one thing that can give you a noticeable reduction. By increasing the amount of money that you pay in each accident, you put the insurance company at less of a risk. They like this, and will lower your rates to reflect the amount that you increase your part. Be sure, though, that if you have an accident tomorrow that you can afford to pay the deductible. You will be required to pay it before the auto insurance company will pay their part.

4. Get Less Coverage

Instead of buying the most coverage you can, it is a good idea to get the recommended amount. Also, if your car is more than 10 years old, you should probably drop the comprehensive part of your auto insurance. After 10 years, you may be paying more for your comprehensive than the car is worth. Save this money instead, and apply it to getting another, newer car.

5. Add Security Features To Your Car

If you live in a more urban area, or in an area where there is car theft, you can lower your car insurance rates by adding some security features to your car. These usually result in a discount with each new feature you have. This includes steering wheel locks, auto alarms, and satellite tracking systems.

Besides these things, you may want to talk to your car insurance agent to see if driving classes will also lower your rates. Having multiple cars insured by the same company, and staying away from cars that are the most likely to be stolen, or sporty, will reduce your rates, too.

By: Joseph Kenny

More Motorists Expected to Drive Without Auto Insurance Policy

admin — Mon, 07 Dec 2009 23:20:16 +0000

Many believe that the unemployment rate and number of uninsured motorists have a strong correlation. “An increase in the number of uninsured motorists is an unfortunate consequence of the economic downturn and illustrates how virtually everyone is affected by recent economic developments,” said Elizabeth A. Sprinkel, senior vice president of the IRC. “Responsible drivers who purchase car insurance policy end up paying for injuries caused by uninsured drivers.”

Auto Insurance Coverage and Driving Licence

There are a lot of repercussions that motorists can be faced with if they operate a vehicle without an auto insurance policy and it looks as though penalties may get harsher. For example, one will see that the Pennsylvania Department of Transportation will suspend a vehicle’s registration for failure to maintain car auto insurance coverage and if caught driving without proof of a policy, a person may have their license suspended as well. Worse yet, if involved a road accident and found to be liable one would have to bear the expenses for the property damage and bodily injuries for themselves as well as any other parties involved.

Driving Without Car Insurance Policy. Why?

However, the reasons why many are not covered are understandable. Many believe that they simply can’t afford policies, while there are some who don’t take the time to compare auto insurance quotes among multiple companies in order to find affordable coverage.

By visiting special automobile insurance web-site consumers will have the ability to obtain the rates of various top notch insurers at a price that may fit their budget. Also available are helpful guides and tips that will assist consumers in getting the best deals possible and avoid taking the risk of driving uninsured.

By: Willie James

Road Accidents And Your Auto Insurance Premium Rates

admin — Sat, 28 Nov 2009 23:14:20 +0000

Unfortunately, this is only one factor, and something that occurred six months ago, when combined with this road accident, may make you a higher car insurance risk and raise your auto insurance premiums. Most factors involved in setting your car insurance premiums are known, but even industry insiders do not know every factor considered, or how much weight each company gives a specific factor. It is known, however, that accidents are a major consideration that is used by automobile insurance companies when they decide your specific car insurance policy costs and risks.

If you cause an accident or are at fault, receiving a citation or having to go to court, your car auto insurance rates may not go up until a second factor occurs, such as an accident. There are some special auto insurance programs sponsored by some insurance providers that offer accident forgiveness. This means if you are considered at fault, your auto insurance carrier will forgive the first accident without raising car insurance rates. These programs do cost more in monthly premiums, however, so if you are a safe and cautious driver these programs may seem unnecessarily expensive. Cheap car insurance is possible, even if you have had a few accidents, if you know how to find it.

Receiving Auto Insurance Quotes for Comparison

Your automobile insurance quotes are the key to finding cheap car insurance policy, whether your driving history is spotless or just so-so. When you receive and compare many different auto insurance quotes, you will be able to pick the car insurance company that best meets your needs at a price you can afford. Many vehicle insurance companies offer discounts for certain things, such as seatbelt use, air bags, alarms, more than one vehicle, and much more, and car insurance quotes will identify which auto insurance companies offer what discounts.

The number of tiers involved will also be reflected in your vehicle insurance costs, and generally the more tiers your car insurance carrier has the easier it is to get cheap car insurance. A company which has ten or fifteen tiers will offer lower auto insurance costs than a company which has three or five tiers, even though your risk factors are the same. When you compare free online auto insurance quotes you will notice which companies offer the lowest rates for car insurance, and these companies also usually have the most tiers. More tiers allows for a finer adjustment when it comes to the risks involved, so you get lower vehicle insurance costs.

By: Willie James

San Diego Auto Insurance – The Role of Quotes

admin — Wed, 25 Nov 2009 19:44:53 +0000

Aside from purchasing car insurance, it is also important for people to be able to get lower rates with their car insurance policies. Affordable San Diego auto insurance is the target of many these days. The world is now experiencing financial crisis that is why it just normal to aim something that is cheaper than usual.

While there are the most common ways on how to lower the rates, plenty of people are still looking for some other alternatives to have a lot of choices. With the help of the internet, it is now easier to look for these alternatives to lower the rates. The internet can suggest and offer a lot of options.

Another thing that can lower your San Diego auto insurance rate is if you will gather loads of quotes. Quotes play a very important role in lowering the rate of your car insurance policy. The quote is the estimated price of a certain policy and by looking through it you will be able to estimate how much will you spend on your insurance. You already have an idea on how much it will cost you.

Getting car insurance quotes is now made easy by the internet. Before, people still need to shop around by going and inquiring personally to different car insurance companies. This is time and energy consuming. Since the internet is already here, then there will be no need for you to do this. You can now get the quotes in just a short period of time by searching for the websites of the car insurance companies online. With just a few clicks, you will see that there are now plenty of websites that can help you in gathering the quotes.

You must always remember that you must not stick in just a single quote because there will be some other quotes which are lower than the first one that you saw. Gather as many quotes as you can and compare them. By doing this you are sure that you have the best quote with you. However, if you choose to just get your quote online you must be very cautious. There are some websites there which are just scams. They appear to have the lowest quote to catch your attention but in the end you will discover that they are just a bunch of fake and they are only after your money.

If you have chosen a certain company which you think have the best quote, you must first make a thorough research on the company to make sure that they are not just a scam. If you are planning to purchase San Diego auto insurance, you must not skip the part where you need to look and get quotes because this is very significant. Through this, you will be able to save a lot of money because you are able to get the quote that matches your budget. You must share this news to everyone who is also planning to purchase car insurance.

By: Austin Auto Insurance

Auto Insurance Loss of Use: Is it Part of Automobile Policy?

admin — Mon, 23 Nov 2009 07:45:56 +0000

oss of Use Term in Auto Insurance?

One of the things that the consumers may not really contemplate, but do expect, is that their auto insurance will cover the cost of a replacement car when their automobile is being replaced. Many auto insurance policies actually do not provide for this automatically. If you are at all dependent upon your car, it is vital that you make sure that this type of coverage is included. Rental cars are not cheap!

How do you tell if you have this kind of auto insurance coverage for automobile or RV? First, you need to look at your car insurance policy. The language you are looking for refers to something called “loss of use.” What is loss of use coverage? As the name suggests, loss of use coverage refers to the expenses for transportation while your automobile is in being repaired or replaced. In more practical terms, this simply means that you have coverage for a rental car. Indeed, many people including those in the auto insurance business refer to this clause of the car rental coverage clause.

Buying loss of use auto insurance

Buying loss of use auto insurance with the car policy is definitely something you want to do. The idea of buying more car insurance coverages and auto insurance quotes probably is one of the least favorite things for most people. That being said, going for days without your car is far worse. Most of us drive to work and home. Most of us need our cars just to get around to find basic things like food. You really don’t realize how dependent you are on a car until you don’t have it. If you don’t believe me, try a simple little test. Lend your car to a friend one morning and tell them not to bring it back till the end of the day. I guarantee that you’ll be going batty by noon!

Loss of use automobile insurance is simply worth its weight in gold. It may not seem like it now, but it will when you suddenly need to get around and your car is in the shop. Paying for a turist car for tour or turizm with your own money for more than a few days is an extremely expensive proposition. Paying 10 to 20 bucks a year extra on your car insurance to get loss of use coverage is definitely a better deal. Do it!

By: Car Insurance Expert

NJ Auto Insurance Companies

admin — Thu, 22 Oct 2009 19:31:37 +0000

A car owner looking for NJ auto insurance companies can easily get a list just by browsing through the Internet. No need to waste time and effort by personally going to each offices; anyone can just research on the Internet and get the desired list of NJ auto insurance companies.

Residents of New Jersey who are planning to renew their policies or get an entirely new car insurance policy should first get a list of NJ auto insurance companies before deciding on what company to get their car insurance from. Such list can be requested from the various online companies offering a list of NJ auto insurance companies and can be received in a matter of minutes.

Car insurance is a must for car owners and this should be the very first thing that should warrant their consideration. NJ auto insurance companies offer different insurance package that responds to the diversified needs of every car owner. It is important to know the different NJ auto insurance companies to enable a car owner to make an intelligent decision on his car insurance.

The first consideration one should look into when considering NJ auto insurance companies is the type of insurance coverage that is required by the car owner. Another important consideration that should be looked into when considering NJ auto insurance companies is of course the cost of the insurance policy.

While car insurance is a necessity a person should not just get insurance from the first NJ auto insurance companies that offer him a package. It is important to take note of the coverage of the insurance policy and match it to the needs of the owner.

It is also recommended that the car owner do some research on the type of insurance company he will be getting his car insurance from. He should talk to former or present clients of the car insurance company who can give him feedback as to how the company processes the various car insurance claims that are filed in their office.

The best thing about NJ auto insurance companies is that the car owner has an option to cancel the insurance policy within a pre-agreed period. He will then be entitled to a refund of a portion of the car insurance policy which he has already paid and which has been cancelled.

While NJ auto insurance companies offer a lot of benefits and insurance package, all insurance carry the basic coverage for any personal injury that may be suffered by the insured or the car passenger in case of an accident. There is a provision in which the insurance company agrees to pay for the medical and other bills of the injured passenger no matter whose fault the accident is.

There is also another type of insurance that pays for damages if the insured is at fault for the accident. This can be very helpful in case the driver is sued by the injured victim.

NJ auto insurance companies carry within their policy coverage for both physical injuries as well as damage to property. Such insurance policy may cost more but when a person is faced with a lot of people injured and property damaged as a result of an accident in which he is at fault then he will think that the money he paid for the car insurance policy is meager compared to what he has to pay if he was not covered.

It is understandable that every car owner would favor getting car insurance policies that are cheaper. However, do not be fooled by cheap car insurance offers because they may cost you more in the future.

The proper thing to do is to weigh all factors that should be considered when choosing an auto insurance agency. Price is of course an important consideration but a car owner should look more into the benefits and the coverage he can get from the insurance policy.

A car owner who is ready to face the task of getting the appropriate insurance coverage for his car should not hesitate to request for a list of NJ auto insurance companies and narrow down his choices from these list. Only then can he assure himself he has made the right choice.

By: Nathalie Fiset

Car Insurance Quote in North Carolina

admin — Sun, 11 Oct 2009 18:00:44 +0000

If you’re looking for low rates on car insurance in the state of North Carolina I would recommend taking a minute to read the cost-saving tips provided below. Car insurance in North Carolina differs in price a lot from one policy to another compared to most other states.

North Carolina Auto Insurance Rates

Most of the websites advertising North Carolina auto insurance will not provide you with cost saving facts that you’re looking for. Therefore, I have provided some of the best tips I’ve found for saving money on your next North Carolina car insurance policy.

Paying in installments could increase your car insurance. Fractional premium fees are usually charged when you divide your car insurance annual premium into installments like 6 month, quarterly or monthly are the typical breakdowns in North Carolina. Usually, the more you break down your installments, the higher the premium fees will be. I recommend 6 month installments, as this seems to be the best fit for affordability and convenience.How much does the model of your car affect your premiums? The auto insurance company premium rating system for cars is on a scale from 3 to 27 in the state of North Carolina. These ratings have been established by the Insurance Services Office, and the higher the number of your model, the higher your premiums will be. Unfortunately, these numbers are only available to the auto insurance companies. Therefore, you can’t find out your car’s number before you purchase your car. That’s why it’s so important to get as many quotes as possible before picking a policy.

By: Frank Merrill

Monthly Car Insurance For Students

admin — Mon, 14 Sep 2009 20:33:44 +0000

Monthly car insurance for students is freely made available by most car insurance companies. The key thing to note if you are a student is that you will typically end up paying more because of your status as a student. Most students find this out, and want to know how they can lower their rates on a monthly basis. The good news is that it is fairly easy for most students to follow a few steps to make sure that they don’t pay too much for their car insurance.

The first thing you can do is try and get on your parent’s car insurance policy if they’ll allow it. This will do the most to drastically reduce your rates, and it will be fairly easy to accomplish as long as your parents don’t have a problem going ahead with it. The next major thing you can do is to try and establish a clean driving record over time. This means that you need to stay free of accidents and other altercations involving your vehicle. The longer you steer clear of incidents such as these, the better your driving record will look in the eyes of the car insurance companies. They will eventually lower your premiums in correlation with your better record, and as long as you maintain a clean record, you’ll continue to enjoy a decreased rate.

There are several other things you can do to try and reduce your premiums. If you do well in school, you should try to find out whether your car insurance company provides a discount to students who get good grades. If they do, typically you’ll just have to supply the insurance company with a standard report card and they’ll have no problem issuing you a discount. If you are in college and living away from home, you might be able to qualify for a discount that is given to college student who live a certain distance from their home. Ask you insurance company whether they offer such a discount, and also see what the minimum distance is to find out if you qualify.

Monthly car insurance for students is something that any student driver must obtain to drive a car legally in the United States. The real issue that arises is the price they’ll end up having to pay for such insurance. If you are a student, try and follow some of the tips provided above and you should be able to at least lower your premiums a bit. Do not hesitate to shop around as well, as most car insurance companies handle student drivers differently when it comes to the prices they charge.

By: Seth Lionni

Classic Car Insurance For Young Drivers

admin — Sun, 30 Aug 2009 05:43:36 +0000

In the past we were all used to seeing young and first time drivers around town in beaten up old jalopies or rust buckets, that looked like they were not going to pass the following years MOT test of road worthiness.

Today many of these cars are eligible to be covered under a classic car insurance policy, and due to the low cost of acquisition, many are being driven by young drivers.

With the advent of new paint technologies in the nineteen eighties and robotic construction techniques introduced to mass car assembly production in the nineteen nineties, cars are staying on the road much longer than their predecessors and way beyond the lifetime of their depreciation value.

In the past classic cars tended to be things of rarity, and consequently the resale value tended to be outside of the normal depreciating rate, as demand kept the prices up. This is just as true today for cars from sought after and prestigious marques and the recent recession has led to a resurgement in investment for the scarce collectors or vintage classic car.

Conversely the number of standard family cars that are now defined as eligible for classic car cover buy being over a certain age, has risen dramatically. These are the very same cars that are being bought by the majority of young drivers when they first pass their driving test. Although technically classic cars they can be picked up from used car dealers at next to nothing. Young driver favourites such as the VW golf and Ford Escort hatchbacks are now considered classic cars and reasonable models can be bought for under a thousand pounds.

Car insurance for young drivers is often prohibitively expensive due to the nature of the risk and this is no different if a young driver applies for classic car insurance. Young drivers are further hampered in purchasing this type of insurance as most will not have accrued any substantial no claims bonus or discount for safe driving years experience.

Most car insurance suppliers will not insure anyone under twenty five under a classic car policy, however some of the better more specialist classic cover providers have recently lowered this age to twenty one, in some cases.

Although classic car insurance schemes are widely renowned to be much cheaper than standard cover, even if offered to a young driver, they should be aware that many of these polices have limitations to the amount of time and distance that can be craven in the classic during any period of insurance. As young people tend to use their cars more in pursuit of their lifestyles, this type of policy may include cover restrictions which are not be suitable for a young driver.

Young people looking for cheaper car insurance should shop around on the Internet to investigate a classic policy if the car they own really necessitates it and all the additional covers it offers, with the caveat that the classic cover might not be all they require of a policy should they be unfortunate enough to make a claim.

Cheaper cover can usually be obtained online from a comparison site or a car insurance for young drivers specialist providers website.

By: Dave Healey