Lowering Your Cost Insurance Part 2

What is Your Demographic?

The demographic you are in can play a role in getting cheaper car insurance. For example, if you are 55 years of age or older or if you are an early retiree then your premiums might be lowered by the insurance provider. If you are a single woman and are the only driver in your home then this could work in your favor in terms of the premiums you pay. Some insurance companies will even lower premiums for those who don’t smoke! Take the time to find these things out before you decide if you wish to become a client of a particular insurance provider

Lowering Your Cost Insurance Part 1

Lowering the cost you pay on vehicle insurance is important but do not go with a low rate company in order to do it. Do not sacrifice quality to save your money. In the end you are not really saving anything. Always choose a company that has an excellent record of paying out claims to its clients. You also need to find a reputable car insurance company that is willing to give you the coverage you need at an affordable rate.


Don’t Drive to Work

If you want to get car insurance that rocks then one thing you can do is take the bus or subway to work to cut down on the amount you drive. Another option if it is available to you is to find a car pool that is accommodating to your work hours. Letting the insurance company know that you don’t drive your vehicle to work but use alternative means could make it possible for you to qualify for a discount in the area of 15 to 20 percent.

Many people look to save money wherever they can. Saving money on car insurance is usually high on everyone’s list. How much does the kind of car you drive matter with an affordable car insurance rate? The list I had shown you before may surprise you.

Small economy cars while stingy on gas consumption will not make you happy with insurance premiums. Highway Loss Data Institute every year analyze the actual insurance losses associated with the most popular vehicle models. Car insurance companies use comparable kinds of facts to set premiums, the rankings give consumers a look into how their vehicle choices affect their car insurance premiums.

Just like always, the statistics suggest that sports and young driver behind the wheel (less than 25 years old) are an expensive combination for insurers.

10 Least-Expensive Cars to Insure

These vehicles account for the lowest dollar amount of losses for car insurance companies

1. Ford Five Hundred 4WD (now the Ford Taurus)
2. Buick Rendezvous 4WD
3. Buick Lucerne/Buick Rainier 4WD/Honda Odyssey
4. Ford Freestyle 4WD/Subaru Outback 4WD
5. Buick Rendezvous/Honda Pilot
6. Chrysler Town & Country LWB
7. Honda Pilot 4WD
8. Buick LaCrosse/Chevrolet Uplander/Ford Escape/Volvo V70
9. Dodge Grand Caravan/Ford Freestyle 4WD
10. Ford Explorer 4WD/GMC Sierra 1500 4WD/Toyota Highlander/Toyota Sienna

10 Most-Expensive Cars to Insure

These vehicles account for the highest dollar amount of losses for car insurance companies

1. Cadillac Escalade EXT 4WD
2. Subaru Impreza WRX 4WD
3. Hyundai Tiburon
4. Mitsubishi Lancer
5. Scion tC
6. Acura RSX
7. Nissan Sentra SE-R
8. Suzuki Forenza
9. Nissan Sentra/Mitsubishi Eclipse
10. Chevrolet Cobalt two-door

SELECTING AN INSURANCE COMPANY

My recommendation to select good insurance, is still one of the best ways to choose an insurer. You want to know you will be treated right, when you need the help. There's no better recommendation than a happy customer who has experienced service when their chips were down.

Price is a huge factor to select better insurance company. Rates are competitive, and the Internet makes it possible to shop for rates quickly.

Finally, what you need is feel comfortable with your insurance purchase. no matter you buy over the Internet, from a local agent you met at a ball game, or directly from the Insurance company over the phone, make sure you feel good about your decision before you sign. Make sure that the agent or company will be as easy to reach when you need to file a claim as they are when you're buying their product.

Tips to Choose Cheap Car Insurance (Part 2)

4. Installing safety and anti theft device in your car, such as alarm, could reduce rate of

your car insurance. If your car is safer and less at risk of theft it should be cheaper to

insure.

5. Watch your policy when renewal time, don't just pay your policy. There are several things

you can do that will affect your cost insurance. There are several things there which

duplicate other insurance that you may have that can be eliminated. Ask question about it

and be critical before you renew your policy.

6. Find a good online discount car insurance broker before renewing. The internet is a

fabulous resource. Use it. There are all sorts of discount insurance brokers online where

you can get fast quotes from a wide range of companies. Don't just settle for the same

company you always use. Car insurance rates vary all the time. Always get comparable quotes

before renewing any policy.

7. Have a look at who your other insurers are. Many insurers offer a discount for multiple

policies. If you insure your house with a certain company then ring them up and find out if

they do car insurance. Get a quote from them. Find out what discounts they offer.

Tips to Choose Cheap Car Insurance (Part 1)

1. See your deductible amount, it is amount that you pay first when you claim. Your policy cost is related to this amount. Many people who have insurance policy for long time have never considered whether they ought to vary their deductible. If driving record is good and are prepared to increase the risk of paying a larger amount in the event of a (hopefully unlikely) claim you can save money by increasing your deductible

2. The type of car you drive affect your insurance rates, certain typs of cars attract higher rates such as sport cars, since this model is prime theft candidates cost more to insure. If you are buying a car then find out which makes and models these are before you buy.


3. Drive your car carefully. You won't get cheap car insurance if you have had 3 speeding fines and 2 accidents in the last year. These things are all taken into account and you should take care with how you drive. It all adds up onto your bill. There are big safe driver discounts available.

Rental Car Insurance and Credit Cards

Many credit card companies offer insurance on rental car, provided you pay for the rental car on your card. Check your credit provider to see if they offer the insurance, and what type of insurance it is. Combining this insurance with any that your car insurance provides may give you as much coverage as you want. Remember that using your credit card to pay for the rental car will lower your limit, which may be a problem if you plan on paying for the vacation with the credit card. Many rental companies will charge a deposit to your card; while the charge won’t be processed unless you damage the car, the amount will be reflected in your limit until the car is returned.

You Can Reduce Your Premiums

Insurance premium thrift is vital importance matter in a period of global economy crisis like now. Here are several other ways that you can save money on your car insurance:
• Many companies give a break to those who drive less than 7500 miles a year. If you take public transportation instead of driving to work, your can thrift the premium.
• Make sure you get all the discounts for safety feature such as alarm and airbag. Most companies give discount for safety feature. People who pass a defensive-driving course or don't smoke or drink often get discounts.
• Shop around. Compare and study offer that given by some insurance companies and select most appropriate with your need. There are some company that offer better rating, you will know it after shop. To make it easy to compare, find out information by phone or their computer online service.
• Insurance coverage decreases for old car. Claim only limited to "book" value, so you're not likely to get much anyway if you car is more than seven years old.
• Be a good driver. Avoid accidents and traffic violations and you will be rewarded with good-driver discounts.
• Drop coverage for such extras as towing costs or the expense of renting a car while yours is in the shop. The savings are probably small, but your new-car warranty's roadside assistance provision may provide them at no cost.
• If your group health insurance provides generous coverage, consider dropping the medical-payments portion of your policy.

Decide How Much Coverage You Need

It is dangerous if you are not insured. Without insurance, your property is put a risk in an accident. But, if you have many insurance can be an expensive mistake as well. Our big question is how much coverage do we need for insurance?

State law may require as little liability coverage as $15,000 per person, $30,000 per accident, and $5000 property damage. About half of the states require $25,000 per person and $50,000 per accident. Half of them require $10,000 in property damage coverage. If you can afford it, buy more than the minimum. After all, $10,000 for property damage may not be enough if you hit a $100,000 Mercedes-Benz.

The more asset you have, you need more coverage insurance to protect your asset. Most insurers suggest liability coverage of at least US$ 100.000 per person, US$300.000 per accident and US$50.000 for property damage.

There is no any best solution when you buy insurance. Rate varies widely. Surveys recommend that you could pay annually from US$ 500 to US$ 2.000 for the same coverage from different companies. Don't forget the Internet. Many companies now offer online quotes, and insurance shopping on the Web allows you to compare rates from multiple providers in the comfort of your own home.
t and US$50.000 for property damage.

Who You Are Affects Your Premium

Your age, gender and driving record are factors that you can least control may have the greatest impact on your insurance cost. Those factors are key that affect your insurance premium.

Single males under the age of 25 should pay the highest rates for the coverage. Insurance companies charge them very high because statistic shows they are involved in the most accident. But married men pay less than single men because statistically they have fewer accidents. There are fewer states do not allow rates based on sex or age.

Your premiums will likely go up if you are convicted of moving traffic violation, no matter what your age. Driver with clean record - no ticket no accidents - pay the lowest rates.

Your Vehicle Affects Your Premium

You might want to buy a luxurious sports car or a fancy SUV, but watch out; your insurance company may charge you more for such car to protect you while driving it.

Insurance premiums are based partly on the price of the car, which affect the replacement cost if it is stolen or get accident. More expensive the vehicle is to repair, the more expensive your insurance premiums.
The lowest premium for injury claims are from large vehicles such as pick up trucks. Small cars with 2-4 doors have highest injury claims.

If you plan to buy a sports car, you'll pay more for the insurance, it could be two or three times more expensive than amount for ordinary model.

Sport Utility Vehicles often have higher insurance rates than mid and full-size cars. SUV are "hot" for other reason: the are the most frequently stolen cars and the price are more expensive than most cars.
However, insurance companies set rates based on their own experience. If Company A has more collision and theft claims for a particular vehicle than Company B, then A will charge more for the same coverage. It all boils down to a company's actual experience with a particular vehicle or category of drivers. That is why it pays to shop around for insurance

Know Your Coverage Types

Is your car insurance actually insuring? Although you buy an insurance policy that covering a specific vehicle, several components make up the final cost:
• Bodily injury liability: Covers injury and death claims against you, and legal costs, if your car injures or kills someone.
• Collision coverage: Covers damage to your car up to its book value. Collision coverage carries a deductible, which is the amount per claim you have to pay before the insurance takes effect. The lower the deductible, the higher the premium. While it is legally optional, a lending institution or leasing company usually requires collision coverage.
• Property damage liability: Covers claims for property that your car damages in an accident.
• Medical payments: Pays for injuries to yourself and to occupants of your car. In several state, personal injury protection replaces medical payments as part of the basic coverage.
• Comprehensive (physical damage): Covers damage to your car from theft, vandalism, fire, wind, flood, and other non-accident causes. Comprehensive also carries a deductible.
• Uninsured motorist protection: Covers injuries caused to you or the occupants of your car by uninsured or hit-and-run drivers. "Under-insured" coverage also is available, to cover claims you may make against a driver who has inadequate insurance.

WHAT SHOULD YOU DO WHEN YOU HAVE AN ACCIDENT?

Not many people are lucky go through their entire driving live without being involved in an accident. Most accidents are "drivable accident", it means your car has minor damage, no bodies hurt and you can drive away. Here is what you should do in a drivable accident
Move your car out of the flow of traffic. If you involved in an accident with less than four cars, there are no personal injuries and the cars are still drivable, move all the cars to a safe area out of the flow of traffic. Exchange information with the others drivers involved in the accident. The critical information should include the names, addresses, phone number, vehicle (year, make and model), license plate number, vehicle identification number, state drivers license number, insurance company and policy number. To make this easy on yourself, create accident information cars and keep them in your glove box.
Get names and addresses of passengers. Also get the names of any persons who may have witnessed the accident. It may not seem important in a small fender-bender, but it will be if someone files a false personal injury claim.
Location. This is one of the important information needed for your accident report. Write it down and draw a diagram of the accident scene.
Report the accident to the police. You can report the accident to the nearest Police Station or by phone.
Report the accident to your insurance company. Some people feel that they should not report minor accidents to their insurance company because their rates will increase. While it is true that the number and size of the claims you make will influence your rates, you don't want to be caught in a lawsuit for personal injury accident that you did not report. These days, it's too high of a risk.
If you are in accident with personal injuries, call 911 immediately. Tell them your location and the nature of the injuries. Stay there and call your insurance company as soon as possible.
If you're involved in a hit-and-run accident, don't chase the hit-and-run driver. Doing so is a good way to get in another accident of gets yourself killed by a lunatic. Call 911 immediately. Tell the 911 operator that the other driver left the scene. Give the best description possible of the driver, the type of vehicle and license plate number, and the direction the hit and run was traveling. Call your insurer as soon as possible