Archive for April 2014

Tips For Saving Money on Car Insurance Policies

cheap-car-insurance

For millions of people, car insurance has become a never ending battle that they will constantly face. Where, they will struggle in trying to find the lowest rates, with the greatest amounts of coverage. The problem is that all of the different carriers claim to meet this criterion, which makes finding affordable insurance even more challenging. To locate those companies that offer the lowest rates and the best amounts of coverage requires using time tested techniques. Below are several different secrets that you need to be aware of, when shopping for car insurance quotes. This will help you to save a substantial amount every single year.

Increase The Car Insurance Deductible

One of the easiest ways to help maintain and lower your car insurance rates is: through increasing the deductable. This is when you are agreeing to pay more upfront out of pocket expenses, before the insurance company takes over. The idea is that by increasing the amount that you are responsible for, the insurance carrier will have less exposure to any kind of possible claims from you (in the event of an accident). As a result, they are willing to give you a lower rate on the amount that you are paying for car insurance. Make sure you will be able to pay the deductible in the case of need.

Ask About Special Discounts

In general, most insurance companies will offer a wide variety of special discounts. This is when they will rate their customers lower, based up a number of different factors such as: low mileage, driving a particular kind of vehicle, installing car alarms / other anti theft devices and good driver discounts (just to name a few). This is important, because utilizing this tactic can help you to increase your overall savings on car insurance, by knowing what specific discounts are available.

Pay The Car Insurance Premiums Annually

Another tactic that can be utilized to lower your car insurance rates is: to pay the premiums annually. What happens is: the insurance company will charge interest to those customers, who are having the yearly premiums, broken up over a certain amount of time (i.e. monthly). Those customers, who pay their annual premiums upfront, will receive a lower rate. This is because they do not have to pay the interest on their auto insurance.

Clearly, there are a number of different secrets that you can utilize when shopping for auto insurance. Above are just a few of the various techniques that can be used, to help you  save hundreds of dollars a year. These ideas are important, because most people do not think about or consider them when they want to save money. As result, those individuals that use these tactics consistently will be able to save a substantial amount on car insurance every single year.

Car Insurance Best Rates

car-insurance

Saving money on car insurance requires a combination of techniques that improve your insurability, decrease the rate of insurance for your vehicles, and provide you with a unique advantage when it comes to purchasing car insurance.

This article will outline seven techniques that will ensure that you receive the lowest possible car insurance rates.

1 – Choosing the Best Insurer

Cost is certainly one factor when considering car insurance, but your insurer selection should be weighted more heavily on reliability. You could easily call a number of insurance companies, ask for quotes, and simply select the lowest bidder. However, even if the lowest cost insurer saves you hundreds of dollars a year in premium payments, that savings does you no good if you find yourself in an accident, needing car repairs or medical attention, with an unreliable and unresponsive insurance company. A good company is crucial. It’s not just about car insurance best rates.

#2 – Customize Your Policy

Before you begin calling around, it’s important that you determine the level of insurance coverage you need. Not everyone’s insurance needs are the same. Some families own two or three very expensive vehicles, while other families own only older used cars. Some people are members of AAA, while others are not. The specific terms of a policy should be determined by your life situation and the value of the items being insured.

#3 – How to Become Highly Insurable

Whether you’ve already purchased car insurance, or you are getting ready to start looking, one of the best things you can do to obtain the lowest possible rates is to improve those things that car insurance companies look at when they calculate your insurance premium. There are several things you can do in the short term to improve your insurability standing, and there are also things you can do over the long term to improve it as well. This section will describe four major elements of this technique to save money on your car insurance.

#4 – Reduce Your Car’s Insurance Rate

 

Another extremely effective technique to obtain the lowest possible insurance rate is to improve those things about your car which car insurance companies value the most when they calculate your insurance premium. There are several things that you can do before buying a car that will dramatically decrease your insurance premium. If you’ve already bought a car, however, and are looking for ways to decrease your existing insurance costs, there are still methods you can use that will substantially cut your premium costs.

#5 – Gaming the System

In addition to all of the techniques already listed in this article, there are also additional ways that you can use the insurance industries rating rules and premium calculation system in ways that will reduce your costs. Again, use the industry’s rules to get car insurance best rates.

#6 – Constantly Update Your Policy

One of the most important things that you can do to keep your insurance premium at a minimum is to always remember to update your insurance provider of any changes in your life that can reduce your insurance costs. Forgetting to do this can be very costly.

#7 – Deciding on Liability Only

There comes a point in the life of a car when the decision needs to be made whether or not it is worthwhile to maintain collision and comprehensive insurance coverage.

 

Getting Rock Bottom Insurance Rates

If you carefully follow each of the sections outlined in this guide, you are guaranteed to receive the lowest possible insurance rates for anyone within your calculated risk bracket. No one should ever overpay for car insurance – especially given the fact that there are so many insurers in the industry competing for your business.

Most people overpay for car insurance out of sheer laziness. However the consumer that understands how car insurance works, and is clever enough to take advantage of all of its loopholes, will save significantly on their premium in the long run.

Before you step foot into another insurance office, or visit another insurance website, make sure to print this guide and follow it carefully in order to ensure that you get the best insurance deal possible. Remember, car insurance best rates are achievable.

Advantages of Buying New Cars

buying new car

If you’re looking to buy a car then you’ve no doubt wondered whether to buy it brand new or used. Both have benefits and drawbacks, and it really comes down to the individual’s circumstances, needs, and wants, as to whether they should purchase a new car or a second hand one.

There is an obvious price gap between the cost of a new car and a used car of the same make and model. With such a big difference, some people choose to buy nearly new but second hand cars. While these are undoubtedly cheaper, there are numerous advantages to buying new cars instead.

Looking at new cars specifically, there are many benefits for the consumer. Whether it’s the choice, the payment options, maintenance issues, or a whole host of other considerations, you may find that buying new is far more straightforward and simple than buying used. With this in mind, the following is a list of the advantages of buying new cars:

1 – Less Maintenance

The biggest benefit of buying new cars is that they are previously unused by other drivers. This means that there is far less chance that your car will require maintenance or repairs at least in the first year or of owning it. Abide by the manufacturer’s guidelines with regards to oil and petrol, and to servicing you shouldn’t face any costly repair bills. What’s more, you don’t have to pay for an MOT as you do with older cars and this can offer another good saving.

2 – Extensive Warranty Coverage

Second hand cars sometimes include a warranty or guarantee from the retailer and you, at least, have the peace of mind that the car you buy should be as it was advertised. However, with new cars you receive extensive warranty coverage from the manufacturer so if something does go wrong you can have it repaired or even replaced in extreme cases and without it costing you.

3 – Improved Rates

If you’re looking to buy new cars but don’t want to part with the initial outlay then you can enjoy improved rates when compared to car loans for second hand cars. With many manufacturers and retailers competing for your business you can shop around to find the very best deal that can provide you with a new car without having to pay too excessive an amount in loan rates.

4 – Greater Choice

Buying new cars is effectively like buying off plan. You can choose the colour, add any trimmings and optional extras that you want, and you might even receive free breakdown cover to boot. When you buy used cars you are basically buying into somebody else’s idea of the perfect car. It’s unlikely that you’ll be able to find exactly the model and colour of car that you want with the right trimmings and extras.

Car Insurance

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Auto This may be a car accident, damage caused to other cars or property, loss to passengers in your car, and damage to your car itself.

A perfect example of this is the automobile or car insurance marketplace. In the past, if you wanted to get the most competitive quotation for your car insurance, you had to shop around by trudging from one insurance broker or companys office to another, or by getting on the telephone to do the same thing.

The problem with this was that it was often difficult, if not impossible to know whether you were truly comparing like with like. There were (and, to a large extent, still are) so many potential variations from one companys policy to another that it was almost impossible to know whether the two policies that you were comparing really did offer identical levels of protection and benefits.

This was not always a bad thing. For example, all car insurance companies tend to load the premium (i.e. charge extra) for young drivers to be included on a policy, which can be bad news for parents using the family car to teach their son or daughter to drive. However, Company A may define a young driver as someone below the age of 18, whereas Company B will use a threshold of 21 years of age.

I appreciate the concern which is been rose. The things need to be sorted out because it is about the individual but it can be with everyone.