Tips For Lowering Your Auto Insurance QuoteBy Terje Ellingsen
Do you have many claims? If so, you should do all you can to reduce them or even endeavor to file no claims at all. Why do I bring this issue up in an article about lowering your auto insurance quote? Because the number of claims is the single factor that to the highest degree influences the cost of your insurance premium. Let me give you an example: Let's say you have 5 years of no claim. Most companies will then give you an unbelievable discount of your premium, some of them even 75%! It goes without saying that this is the most powerful way to get cheap insurance.
How can an insurance company do this? Look at an insurance company as a big box of money dropped in by people who gets security in return. What the company does is simply to reallocate the money that is left when the payments for damages are deducted.
People that have many damages and file many claims, must pay a higher premium and thus get a higher car insurance quote.But a safe driver that avoid claims, is rewarded with a lower one. Fair enough?
If you are new to insurance - or even if you have had insurrances for some years, but feel you lack knowledge about it. - I'll advice you to learn the basic auto insurance terminology, before you start to shop around. It can help you, not only to get a low cost insurance but also to make the correct coverage decisions for you. Let's do a little test: Do you need PIP coverage? What does PD coverage mean? What is BI coverage?
Do not accept the first quote you get
If you ask an insurance company for a quote, you can be almost hundred percent sure you'll get a better one from at least one other company. Comprehensive marketing research the recent years has shown that prices for a new six-month policy with comparable coverage can vary greatly between different companies. And we are talking about spreads in rates of at least $500
So, equipped with this knowledge both you and I know that it pays to do a little legwork and shop around for car insurance.
Most insurance companies have a form of questions you must provide answers to in order to get an understanding of your security situation. It is really astonshing, how much the criterias for determining the price can vary between companies. What one company may consider a high risk factor another company may view as a minor risk. So why not take a little time to compare rates for a number of different companies?
The first thing you should do before you start this comparison is to go through your insurance coverages and keep your auto insurance policy on hand. Then go online and start to shop around. The internet is probably the most comprehensive, fastest and easiest way to find a decent vehicle insurance quote.
And what's even more incredible, many insurance companies now offer some great discounts for buying the policy over the web - a discount that come in addition to the no-claim discount described above.
How is this possible? To handle an insurance sale in general cost money for the companies. However, a sale on the internet will cost less money than selling it over the counter. They do not have to involve human resources if you purchase it online. Thus the companies save money on your internet purchase, and a part of this saving is passed on to you as a discount, a significant discount if you buy from the right company.
Are you a safe driver? IMS' car can tell you
Intelligent Mechatronic Systems (IMS) has built a connected car experience focused on safer, smarter and greener driving. CHICAGO, Sept. 2, 2014 /PRNewswire/ - Intelligent Mechatronic Systems (IMS) is ...
Comparenow.com Explains Why Switching Auto Insurance Companies Can Be a Lucrative Consumer Choice
The longer a customer is with an auto insurance company, the more they may be paying for their policy. Comparenow.com explains why and offers an easy way to save money on car insurance. (PRWeb August 19, 2014) Read the full story at http://www.prweb.com/releases/2014/08/prweb12103651.htm
Doctor running for lieutenant governor swears by 'direct primary care' model
TOPEKA ? Wichita physician Josh Umbehr has never understood the traditional model of health care reimbursement ? the one in which doctors and hospitals fill out pages of forms to bill a patient's insurance company for everything from a $3 test to a $30,000 surgery.
41% spend 15 minutes picking health plans
Forty-one percent of those surveyed said the spent 15 minutes or less researching their health insurance plan in 2013, USA Today reports.
Auto Owners Insurance Prices by Zip Code Added to National Database at Insurer Portal
Auto owners insurance prices are now found by zip code through the Quotes Pros database at http://quotespros.com/auto-insurance.html . (PRWeb September 05, 2014) Read the full story at http://www.prweb.com/releases/auto-owners-insurance/car-insurance-comparison/prweb12148996.htm
New Program from Liberty Mutual Insurance Play Positive? Renews Spirit of Sportsmanship in Youth Sports
BOSTON, Sept. 8, 2014 /PRNewswire/ -- With schools back in session and fall sports practices across the country underway, Liberty Mutual Insurance looks to shine a new light on the importance of sportsmanship in youth sports. Liberty Mutual today introduces the Play Positive? Pledge, an opportunity for youth sports teams and organizations to earn $2,500 for pledging their commitment to ...
Car Insurance Quotes for California Motorists Now Delivered Online at Auto Insurer Website
Car insurance quotes are now obtained online by California drivers using the system at the Quotes Pros website. State agencies can be sorted by price at http://quotespros.com/auto-insurance.html . (PRWeb August 20, 2014) Read the full story at http://www.prweb.com/releases/car-insurance-quotes/auto-insurance-california/prweb12109490.htm
Kasey Kahne wins in wild finish at Atlanta after Tony Stewart struggles
HAMPTON, Ga. ? Kasey Kahne is no longer chasing a spot in NASCAR's 10-race championship playoff.
L?olivier Assurances Selects Guidewire Products for Underwriting, Policy Administration, Claims Management, and Billing
Guidewire Software, Inc. , a provider of software products to Property/Casualty insurers, today announced that L?olivier Assurances, the French subsidiary of Admi
800+ Global Insurance Telematics Leaders Unite in Chicago Today to Rewrite the UBI Rule Book as Insurers Re-brand to ...
Telematics Update: Today, 800+ automakers, insurers, auto agents and telematics execs including Allstate, Progressive, Liberty Mutual, Farmers Insurance and Ford have united at Insurance Telematics USA 2014 to discuss how to position UBI as a mainstream product by delivering undisputable value to consumers. (PRWeb September 03, 2014) Read the full story at http://www.prweb.com/releases/2014/09 ...