Avoid Auto Insurance Rate Increases

Filing an insurance coverage claim following any sort of accident is not the most complicated procedure that ever was, but it is significantly less simple as saying "I have been in a major accident. Take care of this for me, could you?" There are steps you have to decide to use successfully file your claim and you may find them further down. This is basic information and could vary with regards to the state the place that the accident occurred.

So what is business insurance? It is your safety net, of sorts. Within the general term of business insurance, there are numerous forms of insurance that you will must consider. The first being Liability insurance, the second being Worker's Comp insurance, and perhaps business automobile insurance, errors & omissions/professional liability, and umbrella insurance. Each of these varieties of policies covers your business's liability many different liabilities in your field.

Car insurance works beneath the same dynamics in the early tribesman. When people make an application for vehicle insurance, they are grouped or clustered by insurance providers according to risk levels. Their identity then or labels can vary from "risky" to "low risk." As what I've mentioned previously, groups share exactly the same identity. Therefore, people within the high-risk group are those who have committed countless traffic violations and road accidents. On the other hand, members of the low risk group are just the alternative.

A higher deductible in your student car insurance will mean you must try to scrape up more cash should you be in the accident, but in the meantime, you will be making much lower monthly installments. This is a good option for safe drivers who feel these are unlikely to be in an accident and they are therefore prepared to accept the risk of owing a little more if they are.

Results are based on consumer responses and ratings from a completely independent consumer reviews platform for insurance. Ratings are actually graded in accordance with three criteria: customer experience, value for money and claim experience. Consumers can evaluate their insurers with a scale of just one to 5 stars. 

15 Tips to Save Money on Auto Insurance

"You can save hundreds on car insurance! "Really?
We've all seen the commercials... "Call today and save hundreds!" Believe it or not, there is some truth to it. Take advantage of the cost saving tips below and then stay put! Your insurance company will reward you for staying with them; just make sure that you follow the tips below to save when you're ready to shop. If you feel like you're paying too much, you might be! Here are some tips on saving on home and auto insurance.


1. Shop early
Many companies offer discounts on auto insurance if you shop at least 7 days in advance of your current policy expiration date. This discount varies, but can be as high as 10% and depending on the carrier, can stay on the policy for several years. Companies reward responsible consumers who shop early and pay their bills on-time; they say it is an indication of predicting future losses.
Other products may be eligible for an advance shopping discount too. Be sure to ask!

2. Bundle your policies - but also shop individually!
Bundling your home and auto insurance together in the same place has been touted for years by the likes of captive carriers, but that's because they only offer one company. There is still some truth that it can save you money by packaging your home and auto policies together. Some carriers will discount your premium as much as 30% for bundling the two policies together. That said, it doesn't mean that their rate without the 30% discount is the best. Have your agent quote you out separately as well to ensure that it is best to bundle them together. Some companies offer "mini-packages" where you can put your auto and umbrella with one company (creating a mini-package) and home with another. Talk to you agent about what is best for you.

3. Go to a local independent agent
Local insurance agents offer insurance products through many companies and can save you time by shopping you through all of their companies at once! Think about what your time is worth. Do you really want to spend your time calling several different insurance companies, giving out your personal information over and over just to get a quote? Save yourself the hassle and look for a recommended local independent agent. Keep in mind that some 1-800 companies will not run your MVR (motor vehicle record) prior to issuing your policy. So, if you have any tickets or accidents your rate may be artificially low. They will send you a bill within 30 days for any missing violations or accidents.

4. Take EFT or pay in full options
By putting your policy for either your home or auto on an Electronic Funds Transfer (EFT) or paying the policy in full, you can save upwards of 10% off of your premium. Ask your agent about different payment options and how much they differ. You're paying monthly by mail anyway, might as well save while you pay!

5. Talk to your friends
Friends love to share when they are able to save money on their insurance or any product for that matter. It makes them feel good! It is human nature to want to help others and feel like an expert at the same time... so start asking who your friends are insured with and maybe you can share this article with them to help them too!

6. Stay with the same company longer
Insurance companies now offer longevity credits for loyal customers. They know it is far better to retain a current customer than it is to attract a new one. Stay with a company longer and they will often reward you with perks such as accident forgiveness, better rates and disappearing deductibles! It is also good to touch base with your agent once a year to see if there are any new discounts too.

7. Keep your credit in good health
Like it or not, your credit has an incredible influence on your insurance premiums. Insurance companies say that credit is a good indicator of future losses. Credit improved lately? Your insurance company can often re-run your credit with your permission to see if you're eligible for a better rate.

8. Previous insurance limits
Those low policy limits may be hurting you. If you tend to select lower than 50/100 liability limits on your policy (we'd always recommend at least 100/300; ask us why) you will be penalized if you go to another carrier. When a new insurance company takes you on as a customer, they will actually tier you based partially on your previous insurance limits. Come to them with low limits and they will penalize you and your premium will be higher. Consider raising your limits. Not only is this a good idea to save money, it is a good idea to protect you financially in the unfortunate case of an accident.

9. Raise your deductibles
Are you carrying low deductibles? You're paying more for it. While everyone is different on how they want to use their insurance, consider this: Do you really want to make a claim for less than $500? This could affect your premiums in the future, even if you're not at fault! Talk to your insurance agent about what is the best option for you.

10. House rebuilding cost is different than what you paid for it.
This is a big one! Many people think that what they paid for their home is what they need to insure it for. Of course you want to protect it and have it rebuilt in the unfortunate even of a fire or possible storm damage. However, when you insure your home for what you paid for it, you're taking into consideration the value of the land. The average property has 30-40% of the value in the land. Most insurance agencies will use a cost estimator for the rebuild value of the home, but then will talk to you about it. Make sure you don't include the value of the land.

11. Avoid being a claims magnet
We see people all the time turn in theft or vandalism claims for stolen personal effects in their vehicles. Not only are those personal effects usually not covered (iPods, cds, cameras) the claim usually stems from them leaving it visible on the seat of the vehicle that was damaged. If you have an iPod or other MP3 device in your vehicle, consider stuffing it below your seat or putting it in the glove box out of sight. Furthermore, always talk to you agent BEFORE you turn in a claim so they have the opportunity to help with the claims process.

12. When shopping for a new car or house, consider the cost to insure it first!
The least expensive vehicles to insure are your conservative sedans and minivans. Many companies offer free insurance quotes for vehicle changes and you can often access right online through your insurance provider.
When looking at purchasing a new home, consider if it is near any creeks or bodies of water as your mortgage broker may require you to carry flood insurance which can run into the thousands of dollars a year. While that sound of water is tranquil, it will likely increase your insurance premiums to be near it. Get a quote before making an offer!

13. Education level
Like it or not, insurance carriers have started giving discounts on their products based off of how much education you've received. Have some college and you get a larger discount than someone with a high school diploma. Have a graduate degree and get the largest discounts available (usually only around 1-3%).

14. Ticket falling off soon? Ask for an MVR review!
Make sure you tell your agent about this. Penalties can vary greatly, but it isn't unusual for them to be in excess of 50% increase in your premiums. 1st tickets aren't as heavily penalized as the 2nd or 3rd. If you have a ticket coming off of your insurance the carrier can often do an MVR review (depending on your state). Keep in mind, if the company reviews your MVR, they may find additional tickets that you haven't told them about, so if you've recently received another, it may be best to keep quiet.

15. Other items to consider:
a. Simply by adding an umbrella to your auto policy can almost cover the cost of the umbrella itself!
b. If you have youthful operators in the house, they may be eligible for a good student driver discount.
c. Mature driver (55+)? Some companies offer discounts for mature drivers who have completed a safety course lately. To find one near you, just type in "Mature Driver Course" into Google and you will find many!

Auto Insurance - How to Get Very Cheap and Affordable Insurance Covers

Motor vehicle insurance prices are not uniform, but vary with the age of the driver, the type of the vehicle and driving experience of the driver. Depending on the above factors however, it is easy to find cheap motor vehicle insurance. Various insurance underwriters promise low premiums and special deals making it difficult for the students to identify one insurance company that is offering the best deal. In order to get the cheapest bet of an insurance premium, a student will have to use a number of tactics. For example, one can get longer policies with numerous vehicles and with online payments.

In undertaking an insurance policy, it is important to know that some things cannot be changed. These include the age, your driving record and gender. It is however possible to control your driver, your security, your excess and your level of cover. Definitely, the following can be controlled but one may not be willing to change; your mileage, postcode, car, job and parking.

The following are ways that will ensure that you have one of the best deals. Paying your bills online will help you save a substantial amount of money from your insurance premiums. This will at the same time save time and money and where a customer has linked his or her account with the credit card or bank account, payments can be made automatically. You can as well compare motor vehicle insurance quotes through the internet thus maximizing on saving while getting the cheapest policy.

The longer the policy period the lower the rate and even one is in a position of locking the rate for a long period. Insuring more cars will result in lower rates compared with a single car. One can decide to insure a number of cars for instance for the entire family with the same insurance company to be able to enjoy lower rates. It is possible to get lower rates using group discounts. An insurance company will offer lower rates for different groups but this will be dependent on a particular insurance company.

This therefore calls for more comparison of insurance companies to determine the one that is offering the best bet for you. Through the installation of anti theft devices, the insurance company can charge you lower premiums because the chances of the vehicle being stolen are minimized. You can also take a defensive driving course even if you do not have a speeding ticket. Passing such a course will be beneficial to you because the insurance company will reduce your rates. When obtaining a quote, it is necessary to check with the insurance company on whether you qualify for a reduction in premiums after taking the course.

Where applicable, you can opt to take the course, as it is even available online making it more convenient for you. In case you are a performer in school; insurance companies would mostly like to reward you by lowering their premiums. Insurers hold a belief that good students will as well become cautious drivers. While taking a quote you are required to check on whether the insurer of your choice offers lower premiums for good students. You can check your mileage to determine the optimum distance that you are likely to travel in a given day. At times, you can combine motor insurance with home or rental insurance policies. To enjoy lower rates, keep a watch of your credit rating through the payment of bills on time, and making sure that there are no outstanding balances.

Comparing Auto Insurance Coverage and Rates

Why is Comparison so Important?

Everyone has been in a situation where they have purchased something from a store and then a little while later, across town, they see their new purchase on sale in another store and realize that they have missed out on a saving. Auto insurance can be as frustrating but even more costly if a person rushes into committing to the first policy they see.

Comparing insurance companies will allow the car owner to look at the rates being offered, but also the different policies available. It is important to weigh up cost versus cover. Sometimes the cheapest deals may not provide the client with the cover they need. It is important therefore for a person to know exactly what kind of cover they need before looking at quotes.

Comparing Companies Online
In today's world the first step most people will take is to scour the internet for answers and rightfully so as there is a wealth of information readily available, all at the click of a mouse. There are two main ways to compare companies online:

Use a Search Engines
By typing in "cheap auto insurance" into a search engine, a huge array of results will appear on the page. By clicking on a company and entering all the relevant details, a person can obtain a quote in minutes. This can then be noted down before moving on to the next company on the search results page. It is important to remember that by using different search phrases and search engines, varying results will be shown so it is well worth trying out a few variations before calling it a day.

Comparison Sites
It seems there are comparison sites for practically everything these days and auto insurance is no different. The benefit of using such sites is that it is not as much time and effort as scouring a results page. The information only needs to be submitted once on one form in order to gleam multiple results of quotes that are presented in an easy to understand way (usually in the form of a list) so all the information can be seen at a glance.

Whilst the comparison sites are extremely useful, they do not produce every single result and for that reason it is best to combine both methods of comparing companies online.
Comparing Companies' Offline
It may be hard to believe, but not all insurance companies have a website (although the vast majority does). By looking through a local phone directory, it is possible to see offline car insurance companies.

Offline insurance companies may be smaller companies. This is not necessarily a bad thing. One of the factors involved with working out rates is how many people have claimed from a particular company that year. Therefore, smaller companies may not have had so many claims and may be able to offer lower rates. There is also the benefit of having a face to face conversation with somebody where it may be easier to haggle; something which is always worthwhile doing.