A Great Way To Save Money On Your Auto Insurance! As Featured On EzineArticles
Compare Auto Insurance
Compare Auto Insurance Rates In Your Area...
Save upto $397-$597 on your auto insurance.
Enter your zip code below and click Submit
Insurance:
Zip Code:

Archive for November, 2009

Jim Edwards : I find that the auto insurance company demand information about people who live with you? Can they really do this? If I do not declare this when I compare auto insurance quotes online is it fine?

Response : The insurance companies do not want to get any information from you which is not pertaining to the risk. Since the insurance companies are insuring your car, they need to know who lives with you only to know who would be using the car. The car cannot run by itself and it is the driver who is steering the vehicle and so the main risk is the driver of the vehicle. It is important to know how many drivers are there in the family and their driving history so that the auto insurance rating can be done properly. Since this directly affects the auto insurance rating and the insurance companies decision of accepting or declining the risk, any information concealed would be a misrepresentation. This would mean that the insurance company can cancel your policy and deny the claim.

Also technically the National Highway Traffic Safety Administration (NHTSA) requires the insurance companies to do so as part of the agreement of being a legitimate licensed insurance carrier.

Now when you compare auto insurance quotes online if you do not put in the information your insurance quote will be different from what they would give you, once you give the correct information. You need to put in the information correctly than it would be considered as a misreprenstation.

Thanks.
Kamlesh

Share and Enjoy:
  • Digg
  • del.icio.us
  • Facebook
  • NewsVine
  • Reddit
  • StumbleUpon
  • Google Bookmarks
  • Yahoo! Buzz
  • Twitter
  • Technorati
  • Live
  • LinkedIn
  • MySpace
  • MySpace

Jeff Walker: Can you give me some tips with regards to auto insurance policy?

Response: Sure Jeff, it is always a pleasure to talk about insurance at any time of the day. Here are some tips for auto insurance policy renewal or cancellation which most of us over-look, but are very important for any of us :

Car Insurance Policy Renewal :

  • The insurance company should send you the renewal notice approximately 30 days before it expires. This is basically to allow you to make the relevant changes in the policy, review auto insurance coverage, compare auto insurance quotes and shop aorund.
  • If you do not make payment of the premium before the renewal day, the policy coverage will lapse and your policy will be treated as a new coverage. You will loose the No claim discount or the accident forgivness condition might lapse.
  • If there is a lapse in your coverage due to cancellation of your policy because of non-payment of premiums, insurance companies may then charge you higher premiums for a future policy. Your automobile insurance rates are based on the information you have given to your broker, agent, or insurance company. An insurance company has the right to cancel your policy if the information you have given is not correct or complete.
  • Your car insurance rates are based on the information you have given to your broker, agent, or insurance company. An insurance company has the right to cancel your policy if the information you have given is not correct or complete. This is considered a misrepresntation and your auto insurance claim can also be denied.
  • The colour of your car would not affect the premium since the rating is based on the vehicle model, year of make, purchase price, theft frequency, repair cost , safety features and stablity in accident and claims data for such type and make of vehicles. Some insurers do consider higher rating for 2 door vehicles than 4 door vehicles based on the safety feature – four door vehicles have better chances of the occupants being able to leave the vehicle and get out in case of accident. However, this is not the rule of the thumb.
  • When you don’t want to renew your policy, you should notify your broker, agent, or insurance company immediately. Don’t just stop making payments: that will result in cancellation of your policy because of non-payment and possibly put you in a higher risk category.
  • Auto insurance Policy cancellation:

  • Your insurer can cancel your policy for non-payment of premiums, so long as it follows certain procedures. As required by the Insurance Act, the insurer must give you 15 days’ notice of termination by registered mail or five days written notice of termination if it’s personally delivered. If you pay the outstanding premium before the end of the notice period, the insurer may, but is not required to, keep the policy in force. If the insurer does not receive your payment before the end of the notice period, your policy will be cancelled for non-payment.
  • When you want to change your insurance company mid-way in your policy or before expiry of the present policy and cancel it, you may have to pay a penalty. You may instead want to have the new policy start once your existing policy expires.
  • Please review your auto insurance coverage, read your policy conditions for cancellation, before you take any step. Compare auto insurance quote and enjoy your low auto insurance premium.

    Thanks.

    Share and Enjoy:
    • Digg
    • del.icio.us
    • Facebook
    • NewsVine
    • Reddit
    • StumbleUpon
    • Google Bookmarks
    • Yahoo! Buzz
    • Twitter
    • Technorati
    • Live
    • LinkedIn
    • MySpace
    • MySpace

    Matt Barack : I know that one must compare auto insurance quotes for making savings, but how and why should you compare auto insurance companies?

    Response : Comparing auto insurance quotes and comparing insurance companies both are necessary before you make a decision of buying an auto insurance policy. This is like getting a good quality at a good price. The main reason why people are very particular of the choice of the auto insurance company is the level of comfort and ease they have had in dealing with them at some point of time. For some it is just because some of their friends and family said so. These are factors which are not related with the logical reasons. Here are the logical reasons for comparing how, what and why one should compare auto insurance companies before deciding :
    The first factor is the price. The low auto insurance rate is one of the main reason why people buy. In fact this is the main reason why people come online and compare auto insurance. This is because they want to buy a cheap good deal. This is being very smart, since this is one expense you need to do and need to save also. The cheapest auto insurance, or the best car insurance quote company will win.

    The second factor for comparing car insurance companies is the Insurer stabllity. The main prupose of buying an insurance is that at the time of the claim the insurance company should pay the claim and have the monetary funds for this. This can been done only if the insurer has stability. The AM Best rating guide is one of the best measures for this. However, being in this field for decades, let me assure you that the state financial rules and regulations are very strong and hence no state will permit an insurer who is not stable to underwrite any polices. So there is no need to worry about this.

    The other factor which is important is the service. This service rendered are important since this is the very purpose, why you are paying the money. Insurance over the years have gained a very negative reputation on the services. However, with the competition in the market this is changing fast. Secondly the state insurance regulations make the norms and regulations same for all companies and so this is also something which you should not worry much about. As long as you have a genuie claim things will work out for your best.
    Last but not least the competition has brought about the different additional coverages which some insurance companies add to their product. This is again dynamic and can be misleading and so you will have to compare auto insurance coverages – additional ones like towing, inclusion of pet, accident forgivness and others before you buy your auto insurance policy.

    Shop around and you will find the best deals. Internet has brought this on your very door step. You can look up the quotes right now.

    Share and Enjoy:
    • Digg
    • del.icio.us
    • Facebook
    • NewsVine
    • Reddit
    • StumbleUpon
    • Google Bookmarks
    • Yahoo! Buzz
    • Twitter
    • Technorati
    • Live
    • LinkedIn
    • MySpace
    • MySpace

    Andy Edmonds: I live in New York and was reading your blog on “No fault insurance“, when I decided to compare auto insurance quotes online. Are there any expected changes for this.

    Response: As per the latest information received from on 24th November 2009, New York as per the statement of Superintendent James J. Wrynn said that they have made all efforts to stop the abuse of no fault insurance. The cost of each no-fault claim has gone up by more than half in the past five years, and all New Yorkers with auto insurance are paying for this. The department said its fraud investigations bureau received more than 11,000 complaints alleging no-fault fraud this year to date, a 7 percent increase over the total for all of 2008. The number of no-fault arrests in 2008 was 52 percent greater than in 2007.

    As per Paul Magaril, regional manager of Property Casualty Insurers Association of America (PCI) the New York auto insurance rates are the second highest auto insurance premiums in USA. This is almost 50 percent more than the rest of the country. As per PCI the cost of the no fault system of New York the cost of claims is estimated $1.2 million per day. This is the result of frauds like over-utilization of health system. The medical cost is very high.

    The Insurers think it is time to stop the frauds and make some changes which will come into effect from January 1st 2010. The changes would take time to be implemented and passed. However, here are the changes which are porposed :

  • Insurers would also have greater latitude to deny health services that are not provided or are not billed in compliance with the applicable fee schedule.
  • Another provision makes it easier for insurers to suspend all payments for claims submitted by the owner or owners of medical clinics suspected of fraud.
  • The maximum attorney fee would be raised.
  • The main idea behind this is to protect consumers the auto insurance frauds have to be stopped so that the low auto insurance rates are available for the customers.

    I am sure we all would appreciate the changes, in the long run once we get low auto insurance quotes and start saving on car insurance.

    Share and Enjoy:
    • Digg
    • del.icio.us
    • Facebook
    • NewsVine
    • Reddit
    • StumbleUpon
    • Google Bookmarks
    • Yahoo! Buzz
    • Twitter
    • Technorati
    • Live
    • LinkedIn
    • MySpace
    • MySpace

    Paul Colligan: Kamlesh, thanks for providing useful tips to me to compare auto insurance quotes and due dilgiency for renting a car. I will be going with my kids and family. Any tips on safety for children would be appreciated since my wife is very worried. Of course, me too.

    Response: I am glad you liked my tips on how too compare rental auto insurance quotes It’s great that you are thinking of the vacation and are happy with the tips given for rental auto insurance quotes. It will be a pleasure to share with you the risk management and insurance tips for safety of the child, since obviously to all the safety of the child matters more than anything else. You will be suprised, but the reality is that almost 50% people do not use car seats for children but just rely on seat belts.

    The changes in technology, the tariff advisory and steps taken by the auto insurance companies especially the NHTA are really helpful. The LATCH system know as Lower anchors and tethers for children has been developed with the sole objective of making it easier for parents to correctly install child safety seats in vehicles and for children to be safer. Please do not rely on the seat belt for the safety and security of your child.

    Here are some things you have to keep in mind for the safety of your child when traveling in an auto:
    A certified child passenger safety technician can check your installation and answer questions. To find a technician or an inspection station near you.

    When children outgrow their rear-facing seats (at a minimum age 1 and at least 20 pounds) they should ride in forward-facing child safety seats, in the back seat, until they reach the upper weight or height limit of the particular seat (usually around age 4 and 40 pounds

    When children outgrow their booster seats, (usually at age 8 or when they are 4’9” tall) they can use the adult seat belt in the back seat, if it fits properly (lap belt lays across the upper thighs and the shoulder belt fits across the chest)

    For information on the LATCH system you can either go to NHTA. www. nhtsa.gov

    Any safety measure you take ensures you low car insurance premium. You must compare auto insurance quote but not at the cost of safety.

    Happy journey and safe motoring.

    Share and Enjoy:
    • Digg
    • del.icio.us
    • Facebook
    • NewsVine
    • Reddit
    • StumbleUpon
    • Google Bookmarks
    • Yahoo! Buzz
    • Twitter
    • Technorati
    • Live
    • LinkedIn
    • MySpace
    • MySpace