Entries Tagged 'auto insurance' ↓

This is as a result of it has turn out to be typically accepted that ladies provide a abundant reduced part of risk behind the wheel of a motor, notably when young women drivers are compared to male drivers of a similar age. There are a sequence of things that companies think about when setting the costs of car insurance.

Women are likely to drive a lot of rigorously and deliberately than men thus when they do build an accident claim, the price of repair is typically to cover minor scrapes and dents whereas male drivers manufacture a significantly higher number of written off vehicles. Female drivers conjointly decide up less driving convictions and fines than male drivers and this conjointly makes a difference to the value of car insurance. Car insurance for women is also a bit less as a result of women receive fewer tickets for things like speeding.

You will want to feature on some extra liability insurance. This can be necessary within the event that your young driver gets in a motor accident and causes damage to a automotive and is then revealed to be negligent. If your young driver gets in an exceedingly auto accident and damages go beyond your insurance upper limits, amounts not coated by your car insurance will be cause for a lawsuit not in favor of you.

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Shopping for car insurance can be a frustrating and a time consuming activity. Making sure you have the best coverage for the least amount of money requires you to shop many different agencies and compare plans. The best way to make the car insurance buying process go as smoothly and easily as possible is to shop online and compare free auto quotes, different companies, plans, and different car insurance rates from the comfort of your home computer.

Comparison Shop Web sites

Finding an online car insurance company is easy. Doing an Internet search for “auto insurance” or “auto insurance comparisons” in any online search engine will bring you results of companies that offer car insurance and allow you to compare plans and rates within that company and with their competitors. Have your personal information ready; name, DOB, drivers license, and phone number as well as the detailed information of your vehicle; make, model, year, and possibly the VIN number. All of this information can be found on your vehicle’s registration paperwork or its title.

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Imagine leaving your RV set up at a campsite and returning to find that a family of bears has moved in and, because they weigh hundreds of pounds and are not the best housekeepers, the RV is torn apart. Or accidentally flooding your neighbor’s coach with “black water” by mistakenly hooking your water connections up to the trailer next door. These incidents may sound far-fetched, but they actually happened to Progressive customers. Fortunately for them, they were covered because they had specialized RV insurance, but a lot of RVers wouldn’t be.

“Some people make the mistake of adding their RV onto their car insurance policy, only to find out too late that the car policy doesn’t cover a lot of things that can go wrong in an RV,” said Cathy Pelfrey, RV product manager, Progressive. “An RV is much more than a car—it’s a house on wheels. So an RVer really needs a specialized policy that covers more than what standard car insurance covers.”
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Insured drivers whose cars are damaged in auto-deer collisions may be covered for more than they think. With deer migrating and mating season occurring between October and December, the Better Business Bureau and Insurance Information Institute recommend that drivers read their auto insurance policy closely or they could miss out on reimbursements or other benefits they are entitled to receive.

“Drivers spend a lot of money on auto insurance, but too often they wait until they need to make a claim after an accident and don’t remember what their policy will cover,” said Steve Cox, vice president of the Council of Better Business Bureau in Arlington, Va. “When there’s a seasonal problem like deer collisions and many people are making claims simultaneously, it’s important for car owners to ask the representative handling their claim about their coverage and deductible, as well as any options that are included, so they get their money’s worth.”

According to the Insurance Information Institute (III), a non-profit organization, on average, deer-vehicle collisions cost $2,800 per insurance claim; $10,000 if there is injury to the driver or a passenger.

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Certain professions seem to take less care on the road, new figures from moneysupermarket.com suggest.

A new poll from the financial website found that 25 per cent of army officers admitted to speeding in their cars over the past five years.

Meanwhile, just two per cent of au pairs said the same thing.

Generally, a trend towards speeding was linked by the research to workers in high-stress professions – with over 20 per cent of surgeons and barristers also saying that they had broken the limit.

Moneysupermarket.com’s data was derived from answers put by members of the public on car insurance applications forms.

Peter Gerrard, head of insurance research at moneysupermarket.com, commented: “As a reflection on their adrenaline fuelled and active profession, army officers are most likely to be caught hurtling down the motorway; for them two speeding convictions could raise their premium by a third.”

He added: “Our research reflects the trend in the motor insurance industry that people’s professions can be reflected in the cost of their premiums.”

Nine companies accused of illegally collecting excessive interest on insurance premium loans to high-risk drivers are fiercely denying the allegations.

The Maryland Insurance Administration charged Monday that nine premium finance companies violated state law by loaning premium payments to Maryland Automobile Insurance Fund members and collecting interest at rates above the maximum 1.15 percent per 30 days. MIA ordered the companies to “cease and desist their unlawful methods.”

The accusation is “absolutely ridiculous,” said Robert Rubenstein, president of U.S. Capital Associates. “It actually leans on slanderous. It is absolutely untrue.”

The companies loan money to MAIF policyholders who are unable to pay their premiums. MAIF is the insurer of last resort for drivers with troubled driving or credit histories.

The nine companies named are Agency Services Inc., Central Acceptance Company Inc., Gebco Insurance Associates Inc., H&S Finance Company Inc., Insurance Billing Services, Insurance Payment Plan Inc., Premium Finance of America Inc., Senate Acceptance Corporation and U.S. Capital Associates.

The violations came on policies cancelled in mid-term, the administration said, requiring a portion of paid interest be refunded to the policyholder. The companies are accused of using a calculation method that front-loads interest on cancelled policies, allowing them to collect interest of greater than 1.15 percent in the early months of a loan.

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Con artists, unfortunately, spend their days thinking up schemes to defraud us of our money.

One increasingly common scam involves the sale of “cheap” auto insu nce to unsuspecting people. This scheme may appear genuine, but it’s intended to trick consumers into paying for auto insurance coverage that is invalid, or doesn’t exist.

To guard against potential auto insurance scams, take a look at the handy information on this topic, posted online by the Financial Services Commission of Ontario (FSCO) — the regulator of the insurance industry in Ontario. To download the brochure: Don’t Get Scammed Buying Auto Insurance, visit FSCO’s website at www.fsco.gov. on.ca. Here’s a summary of the brochure:

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The price of everything is going up these days. Now you can add one more thing to the list, car insurance.

Crumpled metal and shattered glass often the result of accidents we see on the roadways every day. We are all required to have insurance in Michigan to cover the cost, but the experts says rates are going up.

Bob Pierce, MI assoc. of Insurance Agents: “Everything is interrelated in today’s economy, when prices go up in one arena they impact another”

Pierce says it’s hard to say exactly how much prices are going up because there are so many different factors in insurance rates but he says the reason for the increase is simple.

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The Car Insurance Megastore compare.com website avoids the credit crunch on huge interest charges. Consumers are already feeling the continuous battle to gain cheaper car insurance and then the added pain of having to pay over the odds for there cheap car insurance quote over monthly instalments. The Car Insurance Megastore compare.com website have now revealed that they are reducing their interest rates on monthly car insurance payments to 12.5%, compared to some insurers with whopping interest rates of 28% and above, The Car Insurance Megastore can now save you even more money.

Wolverhampton, UK (PRWEB) September 28, 2008 — The Car Insurance Megastore compare.com type website avoids the credit crunch on huge interest charges. Consumers are already feeling the continuous battle to gain cheaper car insurance and then the added pain of having to pay over the odds for there cheap car insurance quote over monthly instalments. The Car Insurance Megastore compare.com website have now revealed that they are reducing their interest rates on monthly car insurance payments to 12.5%, compared to some insurers with whopping interest rates of 28% and above, The Car Insurance Megastore can now save you even more money.

The Car Insurance Megastore’s massive reduction of interest rates has created quite a stir in the market place and other high street and direct insurers with such great overheads are having great difficulty in matching such a low interest rate, less than half that of many of the major insurers and compare.com type websites.

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Car insurance premiums for young men are now around twice that of women, the latest figures show.

Research from broker AA Insurance shows premiums for newly qualified young male drivers have continued to rise, while they have been falling for women.

The AA has calculated the average quote for a 17-year-old man driving a three-year-old Ford Focus CL 1.4-litre five-door in Cambridge is £3,462, while the same quote for a 17-year-old woman is £1,810 – almost half the amount.

Once the same driver hits 21, the quote falls to £565 for a man and £333 for a woman.

However, the high cost of insurance is reflected in accident statistics, the AA said.

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