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Friday, June 17, 2005

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Sunday, June 05, 2005

Types of Auto Insurance Coverage Explained

Types of Auto Insurance Coverage Explained by Belinda Ramos


A question you might ask yourself is: why must we carry auto insurance? Hopefully one answer you should hear is to protect yourself and your car. For those same reasons the government also requires you to have car insurance.

The state of Florida requires you to carry at least the minimum requirements, which is property damage at ten thousand dollars and personal injury protection at ten thousand dollars. Property damage covers another person's vehicle if you are at fault in an accident. Personal injury protection covers 80 percent of medical expenses and 60 percent of loss wages as well as up to a five thousand dollar death benefit for you and your relatives (that reside with you), minus the deductible if it applies. This coverage would protect you in case there is any damage to other vehicles and gives you medical coverage for yourself.

There are many different types of auto insurance coverage to choose from, depending on what you want covered and what you can afford. Where should you get started?

First you should ask yourself if you have enough coverage in case of an incident occurring. Besides the minimum requirement coverage previously mentioned, there is another type of coverage that is very important, bodily injury.

Bodily injury coverage is not required by the state of Florida until you get into an auto accident. This would cover you if you were at fault in an accident and the person in the other vehicle suffered injuries exceeding their personal injury coverage. If you did not have this coverage the other party has the right to sue and the state may place a financial responsibility on your motor vehicle report, which you would have to carry for 3 years. That financial responsibility is called an SR22.

Uninsured motorist is another coverage you may want to consider. Uninsured motorist covers you if the other party was at fault and you were injured (exceeding your personal injury coverage) and they did not have bodily injury coverage. You may use this coverage to cover the difference of your injuries.

Where does you car fit for injury theft and collision? What about your dream car? Take a look at this run down based on 2000-2002 HLDI data:

There are two more very important types of coverage that you might want to explore they are: comprehensive and collision.

Comprehensive coverage would cover your vehicle in the event of fire, theft, vandalism, hail storm damage or any natural causes minus the deductible you agreed upon when purchasing your insurance.

Collision coverage would cover physical damage to your vehicle, if you were at fault in the accident, minus the deductible. The insurance company would pay the actual cash value of your vehicle. If your vehicle is financed comprehensive and collision coverage are possibly are required by your lending institution.

Extra medical payment coverage can also be provided if you are interested and the list goes on. All types of coverage are important but the reality of it is, what we can afford? Keep in mind your life and your family is very important so having insurance should be one of your main priorities.

With the web easily accessible you have a vast amount of knowledge at your fingertips to help you choose the best coverage for you and your lifestyle. Life is too short, get good advice and get the right insurance coverage for you and your family.

Visit http://www.carinsurance.com For Auto Insurance Quotes



About the Author
Belinda Ramos is a representative of CarInsurance.com. You can visit CarInsurance.com at http://www.carinsurance.com or contact them at 1-877-327-8728.

Consumers can receive quotes from many insurance companies, in some states you are able to purchase your insurance instantly, online. You don't have to drive your car to buy car insurance. Buy online...anytime!


FreeWebSubmission Jayde Online, Inc. © Copyright 2005, All Rights Reserved.

Finding Comprehensive Auto insurance Coverage

Finding auto insurance comprehensive coverage by Rolf Rasmusson


Auto insurance comprehensive coverage

You can go online to easily find and quote auto insurance comprehensive coverage.
The definition could include basically (2) trains of thought. Often the term comprehensive merely applies to thorough physical damage in the event of loss to the vehicle itself. That's when auto insurance comprehensive coverage comes into play.

The other thought relates to overall benefits that include bodily injury, uninsured motorists, medical payments, under insured motorists, comprehensive and collision features. That essentially provides broad and pretty thorough coverage.

A broad range of coverage's naturally determine the final premium to be paid. You can adjust by picking and choosing, then requiting and eventually come up with a tailored policy the suits you and hopefully your pocket book.

Laws require we at minimum carry liability insured and lenders that finance our vehicles insist on comprehensive and collision during the time they are financing your auto – that's of course to protect their investment. Once the loan has been paid off you no longer are required to provide that coverage. Of all the elements available that portion of the coverage generally by far is the most expensive.

The costs of insurance are impacted by age, past driving experience, type of use, and what the vehicle is and its costs. It's worth checking out some quotes online before you even purchase a vehicle because in some cases you could be in for a huge shock and may want to re-think your choices.

So when it comes to finding what you need it's quite simple. You go online, type in auto insurance comprehensive coverage and you'll have many resources to use in shopping for your coverage's and do it for free as well. Easy, fast and very convenient.




About the Author

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Saturday, May 28, 2005

Do Insurance Premiums Increase Every Year?

Do Insurance Premiums Increase Every Year? by Jon Register


Many people ask, "If I am supposed to get a renewal discount, why do my premiums seem to increase with each renewal?" The answer is not always so simple. Each year, new vehicles cost more then they did the previous year. It will probably cost more to fix a damaged vehicle than it did last year, or five years ago when you first bought your current policy. However, in many cases, your renewal premium will be less. Some factors that contribute to decreases in your premiums are straightforward.

According to the Insurance Information Institute (I.I.I.), the cost of auto insurance is expected to rise only 3.5% in 2004, the smallest increase over the last four years. Why? The number of auto accidents is on the decline due to better drivers and safer cars as well as crackdowns on fraud and abuse. However, due to the rising costs for medical care, vehicle repairs and skyrocketing jury awards the potential of price increases remain a problem. Rising automobile theft rates and fraud will keep costs higher for motorists in some states, such as Florida, Massachusetts, and New York.

The projected increase represents a substantial slowdown from 2003 when auto insurance costs rose by 7.8 percent, the I.I.I. observed. The average cost for auto insurance nationwide for 2004 is estimated at $871, an increase of $29 per vehicle from last year.

Unfortunately, even though drivers are filing fewer claims these days, the claims that are filed are costing the insurance companies more than they used to. It is costing more to repair cars as the amount of damage sustained in crashes is up from what it was a few years ago. Some in the industry feel this is due to accidents involving sport utility vehicles.

The cost of medical coverage is also increasing. This year insurers could pay as much as $20 billion in medical claims. Higher costs for hospitalization, medical care, medication and associated legal costs are also to blame.

What can you expect to pay for insurance? In many cases, your renewal discount will offset a rate increase from your company. It can become hard to keep track of increases if you make many changes to your policy. When you move to a new residence or get a newer vehicle as these factors affect the rate you pay. Your driving record is also one of the factors the insurance company uses in determining your rate.
Go to http://www.carinsurance.com. Not only will you get the rates of various insurance companies, you will see the A.M. Best rating for each company along side their rates for you personal situation.

Now is the time for your fingers to punch their way to a quick rate analysis and view the ratings at the same time.

Visit http://www.carinsurance.com to Check Out the Lowest Premiums Available!

About the Author
Jon Register is a representative of CarInsurance.com. You can visit CarInsurance.com at http://www.carinsurance.com or contact them at 1-877-327-8728.

Consumers can receive quotes from many insurance companies, in some states you are able to purchase your insurance instantly, online. You don't have to drive your car to buy car insurance. Buy online...anytime!


FreeWebSubmission Jayde Online, Inc. © Copyright 2005, All Rights Reserved.

Tips On How To Save When Buying Car Insurance

Tips On How To Save When Buying Car Insurance by James Diaz


If you want to save money when you purchase your car insurance here are a few ways that can help you as you search for auto insurance.

First thing you can do is comparison shop. It cannot hurt to call around to see what other prices are out there. If the price is higher you know you are where you need to be and if you find a lower rate you always have the option to change. You can use information from Florida Department of Financial Services, or a similar department within your state, to help you decide. This Florida department can show you what types of coverage are out there and give you sample rates. You can do this for other states by using the National Association of Insurance commissioners web site. Armed with this information you can get quotes from a number of companies and find the best one for you.

Increasing deductibles is another way to lower your premium. A deductible is the portion of money you pay before the insurance company pays for damages or injuries. The higher your deductible is the less exposure the insurance company has, thus your premium will be lower. If you choose the highest deductible you can afford you may save hundreds of dollars over the term of your policy.

Dropping comprehensive and collision coverage on older cars is another way you can to save money on your insurance policy. This type of coverage protects your car if it is damaged or stolen. Usually it is the cash value of the vehicle at the time of a loss minus the deducible. On older vehicles the value is lowered already by depreciation. You need to take into consideration the premium you pay, the value of the vehicle and the deductible you have. You may be paying more for the coverage then the vehicle is worth. If there is a loan on the car, you may have to keep this coverage on the car until you pay off the loan. After the car loan is paid off it is your choice if to keep these types of coverage and at what levels.

Buying a more economical car may help reduce your insurance. Yes, driving that corvette is fun but if you want to save money maybe you can be driving something that is a little less expensive. Vehicles that are costly to fix or that have a higher chance to be stolen are generally higher priced as far as your insurance premium. There are reports that you can check to find out which cars are stolen more often. One of these types of reports is by The Highway Loss Data Institute. Parts and repair times also tend to me more costly on higher end vehicles. A vehicle that is easier to repair will save with labor costs thus help lower your premiums.

Some companies give discounts if you do not drive your car as much. If you live close to your job you may get discounts for this lower mileage usage. Some companies may also list the car as an "occasional use" vehicle based on the mileage, which can reduce your premiums.

Asking about which discounts are available is a great way of reducing your premium. Discounts are given for safety features such as airbags and anti-lock breaks. Anti theft systems can reduce costs as well. Owning a house, being married, driver training courses and having no tickets or accidents are all ways that may make it possible for you to be eligible for discounts. Getting a list of discounts from your company is a great way to reduce your costs.

Maintaining a good driving record is also a major determining factor on how much the premium will be. If you can maintain a safe driving record, one without violations and/or accidents, your rates will be lower then someone who is more reckless. Many companies give discounts if there are no violations on your driving record. This is due to the company potentially having less exposure insuring a driver with a clear driving record than the driver with multiple tickets and/or accidents.

One final way to save on insurance is to keep your policy enforced. By making payments on time and keeping your policy intact you avoid extra late fees and you avoid costly tickets for not carrying the proper type of coverage that your state requires. You avoid possible a suspension of your driver's license and you also may be eligible for discounts for renewing your policy all by just keeping up with your premiums. Most companies will give renewal discounts as an incentive to stay with them and keep your policy valid and in good standing.

These are just some ways that you as a consumer may use to lower your insurance costs. Now get out there and start saving some money!

Visit http://www.carinsurance.com for Auto Insurance Rates

About the Author
James Diaz is a representative of CarInsurance.com. You can visit CarInsurance.com at http://www.carinsurance.com or contact them at 1-877-327-8728.

Consumers can receive quotes from many insurance companies, in some states you are able to purchase your insurance instantly, online. You don't have to drive your car to buy car insurance. Buy online...anytime!

FreeWebSubmission Jayde Online, Inc. © Copyright 2005, All Rights Reserved.

Why You Should Shop Around For Auto Insurance

Why Should You Shop Around for Auto Insurance? by Jon Register


How do you know if what you are paying for your insurance is a good deal? What is a good deal? Is choosing the cheapest company the best way to go? Does buying from the most expensive company mean you are buying the best coverage? Generally, a good deal is a state of mind. As long as you are happy, with the amount of coverage, you have and how much you paid for it, you got a good deal. For each person, the amount of coverage they need and what they can afford to spend is usually a different amount.

The main reason drivers overpay on their insurance is they do not shop around. CarInsurance.com offers an easy way to shop around. They do compare the pricing of several auto insurance quotes. Knowing how much coverage you need will help you select an insurance company. This is one of the best ways for consumers to maximize what they get for their insurance premiums.

Insurance is a highly competitive business. There are thousands of insurers offering policies to consumers. Each consumer's goal should be to find a financially solid company that offers a fair price along with superior customer service. How do you know which company can provide such a combination of both good pricing and customer service? One way is to talking to friends, relatives, and business associates. Ask people you know and respect what insurance company they use. Ask if they are pleased with how their company handles claims.

The insurance industry is highly regulated. It is important to do business with a company that is licensed by the state in which you live. Another factor of the strength a company has is its A.M. Best Company rating. You want to be comfortable knowing that in the event of a claim your company will be there for you. A.M. Best Company is the industry leader providing ratings and financial information for insurance companies. AM Best ratings are recognized as the standard by which an insurers' financial strength is measured. The ratings are available here: http://www.ambest.com. CarInsurance.com lists the AM Best rating of each company once you complete your quote.

How do you know what to expect from your insurance company? Your insurance company and its representatives should be able to answer your questions. They should be able to help you determine what coverage and limits you should carry based on your needs. They should handle any claims fairly, efficiently and quickly. You should feel comfortable with both the insurance company that you select and the insurance agent or company representative that you will be working with. Your insurance professional should take the time to understand your insurance needs and answer all of your questions to your satisfaction.

Go to http://www.carinsurance.com, not only will you get the rates of various insurance companies, you will see the A.M. Best rating for each company along side their rates for you personal situation.

Now is the time for your fingers to punch their way to a quick rate analysis and view the ratings at the same time.

Visit http://www.carinsurance.com to Check Out Our Rates!

About the Author
Jon Register is a representative of CarInsurance.com. You can visit CarInsurance.com at http://www.carinsurance.com or contact them at 1-877-327-8728.

Consumers can receive quotes from many insurance companies, in some states you are able to purchase your insurance instantly, online. You don't have to drive your car to buy car insurance. Buy online...anytime!


FreeWebSubmission Jayde Online, Inc. © Copyright 2005, All Rights Reserved.