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.
|
Auto Insurance Quotes For High Risk Drivers Now Available At Insurance Panda
The Article Helps High Risk Drivers Understand How Insurance Companies Decide how to Insure Vehicles and the Best Way to Obtain Auto Coverage New York, NY / ACCESSWIRE / September 3, 2014 / InsurancePanda.com, ...
When you lend your car, think about the insurance
Do you lend your car to friends, family, or even strangers who hook up with you through a car-sharing smart phone app? If you do, remember that you're also often lending those other drivers your ...
A DUI in Washington state will cost you plenty
Website estimates cost of drunk driving in dollars and cents; DUI on MI is 17th costliest in state.
Personal Injury Lawyer Jennifer Gore-Cuthbert, a Guest on Business Radio X's "Atlanta Legal Experts" Show
Jennifer Gore-Cuthbert with The Gore Law Firm, appeared on "Atlanta Legal Experts" to discuss car accidents, diminished value claims, and insurance coverages. (PRWeb September 03, 2014) Read the full story at http://www.prweb.com/releases/2014/09/prweb12135662.htm
Federal Way fourth most expensive city in state for DUI conviction
The cost of a DUI conviction in Federal Way is the fourth most expensive in the state, according to a recent study.
Cops suing Wilmette man after DUI crash in Lake View
A north suburban man who was cited for DUI after his vehicle rear-ended a Chicago Police squad car in the Lake View neighborhood is being sued by the officers, according to a lawsuit filed Wednesday in the U.S. Circuit Court.
Le'Veon Bell charged with DUI; LeGarrette Blount just pot possession
LeGarrette Blount is expected to be a nice backup to Le'Veon Bell while also providing insurance to the Steelers in the event Bell is injured again in 2014. According to Mike Florio of Pro Football Talk, Le'Veon Bell and LeGarrette Blount have been charged with marijuana possession, while Bell is also getting charged with a DUI. Ross Township Police detective Brian Kohlhepp informed PFT that ...
California DUI suspect pleads not guilty in deaths
TURLOCK, Calif. (AP) ? Prosecutors say a California man had a blood-alcohol level over twice the legal limit when he hit and killed three members of a family with his car.
Street Beat
Checkpoint Nabs Nearly a Score of Scofflaws By Donna Furey | LB Indy Over 1,500 vehicles were screened and three suspected drunk drivers arrested last Friday, Aug. 22, during a DUI checkpoint by Laguna Beach police near Irvine Cove. In all 17 citations were issued including four for unlicensed vehicles or motorists during the 9 [?] The post Street Beat appeared first on Laguna Beach Independent ...
DUI suspect arrested after crashing into CHP motorcycle officer
An unlicensed driver has been arrested in a hit-and-run crash that injured a California Highway Patrol motorcycle officer after a soccer match at Levi's Stadium in Santa Clara, auhtorities said. Gerardo Gonzalez Corona, 30, of Hayward, was booked into the Santa Clara County Main Jail on suspicion of driving under the influence causing injury, being in a hit-and-run collision that caused an ...
|
