Online Car Insurance
What is the best car insurance around?
I am planning to enroll my new car. I want a complete coverage but at a reasonable cost. I don’t wanna be spending too much just for my car insurance. Help please…Thanks a lot.
Just get a quote from insurers you get from yellow pages,. the internet, the TV, the radio.
Just don’t go for the first price they quote you but spend a few days collecting data.
How can car insurance be sexist but not other things? Could insurers change more based on race?
Statistics show young men have more accidents so naturally they will pay more for car insurance. IF statistics showed one race got in more accidents or one race had their cars stolen more could insurance companies legally charge more to them? Serious answers only, please.
Car insurance is not "sexist". It does, however, base it’s rates on proven statistical data. Unfortunately, insurance is the one business that must decide how high their experenses will be BEFORE they incur the costs. There can be no profit if it’s just a guessing game. Once the statistics are verifiable, they must be submitted to the insurance commissioners of that state to be approved before the rates can be released to the company to be used.
If there was a capability to determine someones exact race 100% and there was statistical data to back the rate structure based on any particular races driving habits, I believe there would be scaled rates based on race.
Currently rates are based on marital status, age, occupation, credit history, claims data, sex, type of vehicle, frequency and reason for use of vehicle and multiple other factors.
Car Insurance at a Glance
Do not be lured into paying for your car insurance monthly. Although it seems cheaper or more manageable, it’s not. Typically, you will be charged around 24% interest, thereby adding £50 to the average car insurance cost. Just over 50 per cent of the 26 million insured drivers in Britain pay monthly, and cumulatively this means £624 million is being handed to the insurance industry in unnecessary payments. Even if you pay on your credit card, taking two or three months to pay it off, it will still be more economical than spreading it over a year at 24% interest.
There are lots of saving tips you can use when it comes to car insurance. Firstly, don’t accept a renewal quote, even if you have a substantial no-claims bonus. There is no such thing as customer loyalty in the insurance industry. Every one of the big companies target new clients by offering big discounts, some offering half price deals compared to those for existing customers for exactly the same level of cover. Try applying as a new customer to your existing insurer; you’ll soon see how much the difference is.
Secondly, try not to make a claim on small amounts up to £500 because you’ll only have pay a higher premium the year after when your policy is up for renewal and in some cases an insurer may not cover you at all if you have made a lot of claims.
Setting your level of excess at a high rate can also bring your premium down significantly.
The majority of people don’t realise how job titles can affect insurance premiums. If you go to tinyurl.com/4n75a3 you can click on your occupation and search through a list of job titles within that group revealing the premiums that each will be charged. Some occupations are not well thought of by insurers – journalists, estate agents and sales reps to name but a few. You may be able to reduce your premium by being more accurate about you job title. A journalist for example may pay £600 but an editor only £576. You must, however, tell the truth. Any inaccurate or non-disclosed information would invalidate any claims you make.
Using security devices can also reduce your insurance premiums. Thatcham Motor Insurance Repair Research Centre calculates how good car security products like vehicle tracking are and because they use the British insurance industry’s criteria, a lot of insurers recognise these benefits and give discounts if you have them fitted.
Avoid customizing or modifying your car significantly because around half of all insurers won’t give cover and any that do charge more. Don’t pimp your ride if you want to keep the cost down.
Another temptation is for young drivers to avoid supplying details of their parents’ address in rural areas rather than putting down the address of their own city abode. Never do this. If insurers get an inkling that you have lied on your insurance application, they will completely invalidate your claim.
One final tip in trying to reducing premiums is to add another driver to your policy. For some reason, adding a driver can lower the total premium. Obviously, this works best if the additional driver has a safe, clean record.
Information at a glance from Sainsbury’s Insurance (Jan 2008), reveals that the average car insurance premium in the UK is £497 per annum. The equivalent paid by a driver under 25 years old is £1,256 whilst the average for a man is £525.35.
And a report published by the AA in April 2008 claims that shopping around for the best car insurance quote can save you a massive £217 per annum.
Michael Challiner
http://www.articlesbase.com/finance-articles/car-insurance-at-a-glance-743276.html
Where to Find the Best Deal on Car Insurance
It probably does not come as a surprise to you that you need to carry car insurance if you drive a car. This is true if it is your car or if you are driving a rental car. The reasons for this should be obvious in today’s economic world – if you should get into an accident, even if it’s not your fault, even the most minor of fender benders can cost into the thousands of dollars to repair. And if the accident is determined to be your fault and there are injuries, even minor injuries, the liability portion of your insurance can protect you against the potential loss of many more thousands of dollars.
Before you go out shopping for car insurance, however, you need to understand what kind of coverage you need and what kind of deductible you want applied to your car insurance policy. These factors will have a significant impact on how much you pay for your insurance, and will also impact how much coverage you really have and coverage under what circumstances.
First of all, you need to determine how much of a deductible you are willing to pay if you make a claim. The typical deductible is about $250 to $500. If you make a claim, the deductible is the amount that you pay towards the cost of the repairs. The higher the deductible, the lower your premium (your insurance payment) will be. The amount of deductible that you choose is up to you, but you should consider how much you would be able to pay out of your pocket if you should need to pay your deductible to get your car repaired after an accident.
Next you need to determine what kinds and types of coverage you need. If your pay is not yet paid for completely, you will likely be required to carry collision insurance. But if you have an older car that is paid off, you are not required to carry collision insurance. But keep in mind that if you are not carrying collision insurance and you get into an accident, the repairs will be completely out of your own pocket.
You will also have an option for comprehensive insurance. This typically covers things like fire and theft, where theft includes someone stealing the car, as well as someone taking something out of the car. Again, these are not required, although your lender may require these insurances if you are still making payments on the car.
As far as where to get the best insurance, do not assume that your best car insurance quotes will come from an online source. Many times your local insurance agent can match or even beat the rates you get via an online quote. This is particularly true if you have a very clean driving record, since your personal driving record and number of tickets you have received over the past 3-5 years also plays a part in determining your rate.
The bottom line is to shop around. You can get great quotes online, but be sure to compare those against quotes you can get from your local agent, since car insurance rates vary drastically between agencies and also amongst different states.
Jon Arnold
http://www.articlesbase.com/finance-articles/where-to-find-the-best-deal-on-car-insurance-132492.html
How much would car insurance cost for me?
Im seventeen.
And female.
The car is a black 94 Jetta standard (if that has anything to do with it)
Im just confused about insurance. People are saying it would be very expensive but I turn 18 in a month should I wait until then?
Also people say insurance is cheaper for girls. Is this true?
And what insurance company is cheapest?
Well you might get discount for having a safe and fuel efficient car. It will be expensive but the rate won’t go down untill you are around 25 so don’t wait. Plus they want you to have experience. Insurance is cheaper for girls (lucky you). And insurance companies rates varry from state to state depending upon a lot of an ares characteristics. You just gotta call around the companies and get quotes.