Even Accidents happen in a perfect world…
Jun082009
Filed under auto insurance quote by Automan
Do you know overseas insurance premiums can be higher for those below the age of 24? Yes… If you’re coming under this category, you ought to pay more money to get insured your vehicle.
May182009
Filed under Uncategorized by Automan
Are you aware that there is thing called credit score and it alters your insurance quote?
Credit scoring is nothing but a term used by the insurance companies to rate the financial handling of its customer. The credit rating is excellent for some and the same is disaster for others. In most companies the insurance cost of the customer varies with the credit score.
Even missing as low as two payments in any financial obligation or credit card payment will lead to poor credit rating. For these people the insurance premium will be double the value of the good customer’s premium. In spite of the past history or the long time association you had with the company, bad credit score will certainly attract more premium. Some companies even refuses insurance policy. Continue Reading »
May152009
Filed under Car Insurance Types, car insurance agent by Automan
Everyone’s wish is to reduce the insurance cost as it is taking away the major chunk of the earnings. This can only be achieved by avoiding the unwanted insurance coverage. The list of policies that are required and not required is not the same for all. The list differs from person to person. For example home owner policy is required for those who don’t have their home, is it not?
Hence one have to spend some time in deciding about the insurance policy, be it a car insurance, life insurance etc. His requirement must be ascertained properly, thereby cleverly avoiding the unwanted coverage. There is no fun in spending hard earned the money unnecessarily. Let us discuss about some of the policies that are worth avoiding.
1. Comprehensive and collision coverage
Both these coverage are not mandatory. There is no need for purchasing these two incase the value of the car is not much [cheap cars].
2. Maximum personal injury protection coverage
Most of the people will have good health insurance policies. Such persons certainly don’t need this coverage. Those who don’t have health insurance policy can only opt for this coverage.
3. Roadside assistance
Some people may already belong to automobile clubs such as AAA. Such people certainly can avoid roadside assistance.
4. Mechanical breakdown insurance
Those who had purchased a new car and those who have taken a car on lease with warranty intact, can avoid this insurance coverage as both are almost same.
5. Rental car insurance
If the person is covered under full coverage policy, they don’t require rental car insurance. If the car was rented using a credit card, then too, you don’t require this policy as most of the credit card companies provide this coverage.
6. Life insurance-
Life insures benefits only the dependents. Hence those who single, there is no purpose in taking the life insurance.
7. Travel insurance-
Just check the insurance company whether the present health insurance policy covers you even when you are in abroad. If yes, then just avoid travel insurance.
8. Extended warranty for appliances-
Just avoid this coverage without bothering much as you can buy new appliances rather than paying the same or more money on extending the warranty.
9. Credit card outstanding insurance-
Better avoid this kind of insurance as there are too many loopholes. Instead paying the outstanding amount by some other means such as hand loans from friend or family member is good.
10. Credit insurance
Credit insurance is voluntary on mortgage. One can go for typical life insurance policy instead of this.
By avoiding the above mentioned polices of course you are taking risk. But the risk is worth the cost saved as the risk taken is very minimal.
May122009
Filed under auto insurance quote by Automan
Is your present car insurance is cheaper? If not please change to cheaper one. If you don’t know to do that? Here are some useful tips to to Change the Present Auto Insurance to Cheaper One. The cheaper car insurance doesn’t mean that there is a compromise on the quality of the service.
Use of Theft Devices
The theft devices are provided in most of the new cars. The device can be automatic type or semi automatic [means can be used at the touch of the button or knob.]. All the insurance companies provide discount on premium for this. Better utilize this discount by having theft device.
Multiple Car Discounts
Are you aware that insuring two vehicles can be at the same cost, at times? If not so, at least, there will be heavy discount if two cars insured at a time. Hence in case you have two vehicle; make sure you enquire the insurance agent who is attending on your request, about the discount offered for them. Don’t sell the second car, once you purchase the new one. You can keep it on just liability and you can get the multiple car discounts. You will be surprised to know the price of the car is much more than you anticipated when you call the insurance company to take off the insurance policy of the car. Continue Reading »
May092009
Filed under auto insurance by Automan
Insurance is becoming part and parcel of each and every person of this Universe. Similarly there are numerous myths about insurance. Here I have picked top ten myths about insurance and also explained them in detail with relevant facts.
Myth-1- As we are paying premium for the insurance that we have taken, the claim should be made for each and every disaster and accident.
Insurance is to protect you from major disaster. As a thumb rule, if the damage is minor and affordable, then better pay it. There by you will get the discount on premium for having a claim free record. Only take necessary coverage instead of taking all the coverage. At times, taking a risk is much better than protecting against the same.
Myth-2 we need the life insurance as long as we are alive
Be aware life insurance benefits only the dependents, I mean the spouse or the children. Hence in case you are single, what is the fun in having one and paying the premium regularly? Instead you can use the money for some other fruitful purpose. Continue Reading »
May052009
Filed under auto insurance by Automan
At the time of going for auto insurance, the insurance company will like to know whether you want to have roadside emergency service or not. Most people will say yes to this since the cost involved for this is very less. But most of the people are not aware what the coverage is all about. Let us discuss about it here.
Emergence road service coverage is offered by all most all insurance companies. The name may be different in some insurance companies [roadside assistance, motor club etc]. All one has to do is to call one number that will be informed to you, when he or she encounters any kind of trouble while traveling in the car. The company will arrange for the assistance at the earliest.
The trebles that are covered
The problems covered differs from company to company, however there are certain problems that are covered in most of the insurance companies. They are such as fixing the flat tire, starting trouble of the car, helping to take the car key out in a closed car, providing tow truck in case of major problem, helping in case of running out of gas etc.
Some companies help you by providing money to get out of possible arrest due to traffic violation problems. You will be provided with arrest bond certificate for this purpose. Some companies provide you money to take care of the food and lodging in case you are caught at distant place due to unexpected emergency situation. This is generally known as trip interruption benefit.
Who are covered under this plan?
The insurance holder, his spouse and the children [who are living with him] are only covered under road side assistance plan. The coverage will be in force either you own a car or you take one on lease or you borrow one. The commercial vehicles are not covered by this plan.
Road side assistance, is it worth the cost?
The answer for this question according to many is yes. The reason is the extra cost one needs to pay is very minimal when compared to the benefits that it brings along with it. But one has to make sure that whether he already has this coverage in its package. If not, it is better to opt for the same at the earliest.
May032009
Filed under auto insurance by Automan
The insurance is boon to all, as the insurance companies takes care of the financial loss one experiences in case eventuality. Hence insuring the life, property, automobiles, health etc is the best option. The financial strength of the insurance company should be the main criteria in selecting the same for taking the insurance policy. If the company that you had selected is financially sound, then you can get the claims in time. The life insurance benefits will be paid on time. It is as simple as that.
How to find out the financial strength of the insurance company? one may wonder. Please be informed that the insurance companies are given rating. These ratings are offered by independent decision making companies. These ratings can be considered as a report card. If the company has good financial baking, then it will be given best rating. Continue Reading »
May012009
Filed under auto insurance by Automan
You must have just booked a new car and may be preparing to take delivery of the same by yourself. Have you done GAP insurance for the car? If not just do that now, before taking the delivery. Why? Lets us discuss it now. Do you know the value of the car plummets, when you are taking the lovely beast off the lot? You will be surprised to know that the value will be only 20 to 30 % at times. Let us assume that the cost of the new car is 25000 dollars. The accident happens a month later. You must have paid maximum of one premium only or none. Now, you will receive compensation for only 5000 dollars [20% depreciation] from the insurance company, whereas the purchase price of the car is 25000 dollars. This is a great loss, if GAP insurance coverage was not taken for the car.
Apr252009
Filed under auto insurance by Automan
Dear pal, you have purchased a brand new car and you want to do auto insurance, is it so? Don’t rush up. It is always advisable to go through auto insurance guide. This is because; there are plenty of insurances companies for auto insurance. Each one has different advantages and disadvantages. Everyone will like to have best coverage for their vehicle. The budget for the auto insurance too differs among the individuals. Hence spending some time on browsing the insurance guide is worth. Continue Reading »
Apr242009
Filed under Information, auto insurance by Automan
Some may think that the first insurance policy taking in not a priority, but it is. This insurance policy protects your new investment that is your car. The first car insurance policy is little difficult for lack of prior experience. The people may fail to compare the insurance quote of different companies, the discount offered by them etc. In the process they may fail to get the best possible quote, thereby losing the financial benefit that they are supposed to get.
First insurance policy shopping
The first timers for car insurance must know who needs insurance policy and why they need? The answer is very simple. Car insurance is mandatory, as per the law. One has to obtain the car insurance to operate the car throughout the country. The car insurance protects the insurer from the injury caused to him, damage caused to the car and any other property, and the injury caused to the other persons involved in the accident.
Besides this if caught driving the car without insurance, the penalty charged will be very high. For first time violators, the penalty may be few hundred dollars. If involved in accident, the license will be canceled temporarily or permanently even if the fault is not theirs.
Understanding first insurance policy
Now, it is very clear that car insurance is must. The next step is to understand the car insurance policy such as how it works to protect the insurer, what is the cost involved, what are the discounts offered etc. For this one has to preferably look for article Auto insurance 101, which explains the auto insurance in detail.
After understanding the car insurance, one can easily decide the coverage required and how to get the best quote from good insurance company. Without wasting any time further one can insure the car purchased.
You need to pay more, just because you insure your first car. Is it so?
Many people think that they need to pay more for premiums for the first car insured. There is no doubt that premium for the first car insurance will be more than the premium paid by others who have insurance for their other cars. But there are ways and means to get best affordable car insurance even for the first time insurers. Here is the check list that explains how to get the first as well as the best car insurance. Just read it carefully.
1. The first car insurance quote should be compared online. Most of the insurance companies have their insurance quotes online.
2. Decide what type of insurance coverage is needed for your use and look for only that and just ignore the unwanted coverage. More the coverage opted, more will be the premium.
3. Inform the insurance company that you had compared their quote with x number of companies. They will be wary of their quote and tempted to get best quote to attract you.
4. Please be aware of the discounts for which you are eligible. If not aware, check for the details online. There is nothing wrong in asking the insurance agent for the same details. Avail all the possible discounts which will make the insurance policy cheaper.
5. If you are opting for full coverage insurance for the car, let the deductibles be higher. If so, your insurance premium payable will be cheaper.
6. In case you feel that the car insurance agent is cheating or dealing you in unfair manner or violating the law, he can be dealt legally. One should know the procedure to file a complaint.
