|
|
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.
|
10 ways to save money on your car insurance
Sometimes, consumers don't realize all the discounts they are eligible to receive on their auto insurance. Would you expect a break because your car has daytime running lights? Maybe not, yet four of the top 10 insurers offer a discount for daytime running lights, based on a new survey by Bankrate.com.
USAA Promotes Parker to CEO, Liebert to Operating Chief
United Services Automobile Association, the provider of financial products to military families, promoted Stuart Parker to chief executive officer as it seeks to extend growth in insurance and banking.
Hiring process is an adjustment for veterans ... and companies
In the next few years, hundreds of thousands of veterans will find their mission changed from defending the country to meeting private-sector goals of customer service and turning a profit. While they bring recognizable experiences of self-discipline and teamwork, they may not be able to easily match their skills to the bullet points on the job description.
TrueCar Now Serving Targeted Manufacturer Incentives To Customers Of Insurance Affinity Partners
SANTA MONICA, Calif., Aug. 21, 2014 /PRNewswire/ -- TrueCar, Inc. (TRUE), the negotiation-free car buying and selling platform, today announced that it has launched major enhancements to the auto buying programs for its insurance affinity partners, specifically the integration of exclusive incentives from automakers uniquely tailored to the needs of total-loss customers. Through the TrueCar ...
How to save a down payment for a home
In some markets, a 20 percent down payment can be substantial. Ending the trips to Starbucks isn't going to cut it.
Magid: Tech advances make cars safer
It's certainly risky to text, fiddle with your phone, configure your GPS, mess with your radio or even speak on the phone while driving, but new tech can also make us safer.
US Transcom sends out search teams for troops' missing private vehicles
Hundreds of vehicles belonging to U.S. military members serving overseas are missing. Now Gen. Paul Selva, the U.S. Transportation Command commander, is sending out to teams worldwide to look for them.
TRANSCOM sends out search teams for troops' missing private vehicles
Hundreds of vehicles belonging to U.S. military members serving overseas are missing. Now Gen. Paul Selva, the U.S. Transportation Command commander, is sending out to teams worldwide to look for them.
3 Customer Service Innovations To Help You Never Disappoint A Customer Again
No matter how perfect your product, customer experience, or service is otherwise, in the eyes of the customer it?s broken if you deliver it late. Worse, the concept of what constitutes on-time delivery is the most movable of moving targets. While timeliness has been a commercial expectation since the dawn of the industrial age, today, in our ultra-accelerated world of ??Why do I have to wait a ...
Windows to New Worlds
After 17 years of planning, fundraising, designing and building, the South Carolina State Museum?s new Windows To New Worlds project officially opens on Aug. 16. It includes a planetarium, 4D theater, observatory and an exciting and collaborative approach to education that can reach every school and give every student a chance to reach for the stars.
|
|
Best Sellers from
|
