Reasons Why Your Two Wheeler Insurance Claim Is Rejected

Two wheeler insurance offers excellent financial cover to protect your vehicle from unexpected events such as road accidents/collision, damages, third party liability, etc. but a denial from your insurer to settle the claim can be the big jolt. Therefore, it is imperative to be careful while buying a plan and you must also re-examine the details of the policy held by you.

Here are five common reasons why your claim can be rejected.

1. Getting your vehicle repaired on your own after the accident: It is the most common mistake that many of you make. You tend to repair your bike on your own and then inform the insurance company about the settlement. As a result of this, the insurer cannot trace back the accident and the repairs and eventually reject your claim. To avoid such situation, always inform the insurance company before getting the car repaired. The company professional will inspect the damage from their end, evaluate the cost of damage and help you get the best deal for repairing the damage caused to your bike.

2. Drunk driving: If a person is found drunk at the time of an accident, then an insurance company has all the right to reject the claim. Many times, people try to hide that they were drunk while riding a bike. This may work in some cases where the accident is minor and the driver does not get to see any police or hospital. But in the other case, hospitals exhibit this information to police and then you cannot expect insurance coverage. Rather a tough criminal action can be instigated against you if you hide such a thing.

3.When you miss transferring your name in the policy copy: People keen on buying used bikes invest can face a claim rejection in future if they forget to transfer their name in the policy copy. In such cases where transfer formalities have not been done, the policy is considered invalid and will not help you to settle the claim.

4. Forget to notify the claim within specified time: Always notify the claim within 48 hours to 72 hours of the damage. If you fail to do so, insurance companies can reject your claim. Also, if you damage your car in a crash and the engine gets damaged too, but you continue driving it, thus causing further damage to the car. The policy claim will automatically be rejected by the insurer.

5. Driving License: Driving licenses are valid for a longer duration. After this period, you need to renew it. It is important because if your vehicle meets an accident during the time and your driving license is not valid, then two wheeler insurance will be rendered useless and it can be the prime reason behind the rejection of your claim too.

Though buying two wheeler insurance is an extremely smart step as it can save you from much unaccounted for and sudden costs, but they don't make you or your bike bulletproof. Be honest and safe, instead of being careless and reckless. Insurance companies will love you for it and help you the most.

Article Source: http://EzineArticles.com/9244271

Auto Insurance Tips For Teens

The answer to the query on how to find the best car insurance for drivers remains a mystery to a lot of people. In order to unlock this mystery, this article is created.

Naturally, insurance companies charge a higher premium price to teenagers. If you just knew this, well, here's some news for you. Insurance companies charge expensive insurances to teens because they see them as part of the group that's more at risk for road accidents.

But, this concern can still be managed since there are some companies who give discounts to teens. Some of these ways are illustrated below.

Firstly, you must be able to choose an appropriate car. Insurance companies favour teenagers to drive safer cars. This means that it is best to purchase economy or new cars and ward off from the luxury and sports cars. So if you are still going to purchase a car, then you should remember this point.

Also, you can present your exceptional report card to the insurance company. There are so many insurance companies that honor teens who excel in school. They offer this because these companies believe that teenagers who have the high marks are the responsible drivers. To get this insurance discount, you only have to submit your report card to the insurance company.

In addition to all those discussed above, you can must also select wisely the coverage to get. What's meant by this is that you should only apply for the coverage that you can utilize as a young driver, so you must always check your insurance policy inclusions.

Yet one more way to get cheap car insurance is to use telematics insurance. This method uses a 'black box' GPS device that measures factors such as speed and others so that a score will be achieved. The score provided by the device will be the basis for the cost of the premium that the young driver will have to pay the insurance company. So if you are confident about your driving skills, then you should use this kind of insurance.

The safety features present in your car can also save you some cash. This is due to the fact that insurance companies lower your premium when they know that your car is safer to drive because of these devices.

Finally, you can choose to take a driver's class which could also help lower down your insurance premium. 

Now those are the top ways a young driver can do to have budget-friendly insurances.

You can still get a good bargain with car insurance for teens, today.Get additional information on cheapest auto insurance for young drivers, here.

Article Source: http://EzineArticles.com/expert/Zachary_Wade/1483894

10 Questions You SHOULD Be Asking About Your Car Insurance

Insurance can be confusing. I personally think the industry has done that to itself with commercials that talk about everything EXCEPT what's really important to most customers and their families. What do you REALLY need to know? It seems like everything is a big SECRET. This will help you de-mystify the jargon and help you understand what is TRULY IMPORTANT TO YOU.

1. Cheap Car Insurance Is Good, Right? - I know. I've seen all the same commercials on T.V. that you have. Everyone tries to Out-Shout each other claiming they can save you hundreds on your car insurance. Price is important, but it's not everything. I often tell clients that it's the same as buying anything else: you always get what you pay for. If you were looking for a pair of sunglasses, and you found a pair for $5 at a convenience store - you'd expect to get a pair of $5 sunglasses. So when they were lost or broken or didn't fit your face right, you'd be OK with that because you know you bought a pair of $5 sunglasses. However, if you bought a pair of prescription, designer sunglasses from your local optometrist for $200, you'd expect to get something that wouldn't easily break, scratch and that would be very comfortable to wear. In essence, you'd expect to walk out the door with something of exceptional value. The same goes for car insurance and anything else you buy. Anyone can sell you a stripped down policy for cheap. And that's just what you'll get.

.Fact. Cheap is just that: Cheap. Making sure you get the coverage you need at a price you can afford is the most important thing you can do before paying your next insurance bill.

2. What Is the Single, Most Important Coverage I Need? - Most States have mandatory, required liability limits for a reason: Promoting Public Goodwill! Liability is the part of your policy that pays for medical bills and property damage that you are legally responsible for if you are determined to be at-fault in an accident. However, most of these limits were established in the 1970's, when the cost of healthcare and property were substantially less than they are now. (The average annual income in 1975 was $8,000! - My, how times have changed... ) The States have not kept pace on the required liability limits with the rising costs of healthcare or even inflation! When is the last time you heard of a lawsuit for less than $1 Million?? If you have $15,000 to $30,000 to throw at a lawsuit that size, where are you going to get the rest?? Liability limits are offered from the minimum State requirements all the way up to $2 Million for any bodily injury or property damage that results from a car accident. Without enough liability, you could be faced with financially devastating lawsuits if you hurt someone badly in a car wreck.

.Fact. Liability is the least expensive coverage on your policy and does the most good for you. For less than $0.99 a day, you can purchase substantially more liability to protect your family from lawsuits and avoid the pain of bankruptcy.

3. What is Full Coverage? - There is no such thing as "Full Coverage". If an insurance company sold you every coverage they had in their arsenal, there would still be things that wouldn't be covered. An example of this is using the vehicle for illegal activity. Running from the police, smuggling drugs or other illegal substances or people, and intentional criminal acts are good examples of things that would never be covered if your vehicle was damaged or destroyed. In the 1989 movie "Steel Magnolias", Shirley MacLaine's character rams her car into another car that beat her to a parking space at the grocery store. The whole time, she's saying "I've got insurance!" Intentional destruction of personal property is a real crime, and that would not be covered by any insurance company I know of.

There are really only two coverages you are able to purchase commonly referred to as "Full Coverage".

Collision coverage is the first of these. Collision is the only place in your policy you can find money to repair your vehicle if you wreck it and it is determined to be your fault. In No-Fault States, like Colorado, if your vehicle is damaged in an accident, your Collision Insurance is the only place you'd find funds to fix your car, even if the accident was caused by another driver.

Comprehensive coverage is the second of these coverages, and it protects your vehicle from non-collision related losses like fire, wind, hail, theft, vandalism, falling objects like trees and falling rocks from a hillside, and hitting animals.

Typically, banking institutions force you to have these coverages while you are financing a vehicle so they (the bank) are financially protected from loss if your vehicle is wrecked or destroyed while they are still carrying the note on it.

Tip. If you're vehicle's book value is in the low thousands, you may want to seriously consider dropping these coverages. There is a point when your vehicle's value no longer justifies you paying extra to protect the depreciated value. Your agent can help you determine what the value of your vehicle is and show you how much you are spending to protect that value.

4. If I Am Covered Under My Major Medical Provider, Like Blue Cross/Blue Shield, Do I Really Need Uninsured Motorist Coverage? - If you are paying someone else for health care coverage, why do you want to give another insurance company more money for the same thing? In most cases where vehicles are covered with Collision and Comprehensive, AND where you have health care coverage for you and your family with a Major Medical provider it doesn't matter if an uninsured person hits you and hurts you. You know your medical bills will be paid anyway by your Major Medical provider.

Note. To make an informed decision about whether or not you should carry Uninsured Motorist coverage, talk to your agent about the actual risk you have right now.

5. I Have Expensive After-Market Rims and Tires or Stereo Equipment Installed in My Vehicle. Are Those Items Covered By My Policy? - I know clients that spend a substantial amount of money to "customize" their vehicle. Some spending upwards of $10,000 to obtain accessories that make their vehicle different. The basic rule of thumb to determine if these valuables are covered under your policy is simple. If they are installed in the same spot as the factory-installed stuff, you are covered. Rims and Tires are obviously going to be installed in the same location as the rims and tires that came with the vehicle from the factory. Stereo equipment can be installed in the same spot as the factory stereo, but some of the accessories, like amplifiers and speakers that are placed in other spots (under the seats, in the trunk of the car, etc) are NOT covered under your personal auto policy with any provider.

Tip. If you're adding accessories to your vehicle, ask your agent if they'll be covered or not.

6. Is My Tom-Tom GPS, Cell Phone, or Radar Detector Covered If My Car Is Broken Into and They Are Stolen? - Your policy only covers the vehicle. Personal property stolen from inside a vehicle is never covered under the vehicle policy. Only a Personal Property policy, like Homeowners, Renters, or Manufactured Home insurance will cover your personal property inside the vehicle.

Tip. As a general rule, most everything not factory installed in your vehicle is not covered in your car insurance policy. Ask your agent how your property policy works in conjunction with your auto to get you the most protection.

7. What Will Cause My Auto Claim To Be Immediately Denied? - Auto insurance companies all have the same basic set of rules for this they outline in the policy document. The main reasons your claim could be denied are 1) driving without a license or on a suspended license, 2) coverage was lapsed at the time of the accident, or 3) a newly-acquired vehicle was not added to the policy within the 30-day window after the vehicle was purchased.

Tip. Make sure you ask anyone that you allow to drive your vehicle if their license is active and valid, pay your premiums on time, and make sure you add any newly purchased vehicles to your policy as soon as you are able to contact your agent.

8. If My Car Is Totaled, How Much Will My Insurance Company Pay To Cover The Loss? - Generally, most major insurance companies cover your vehicle for its "Actual Cash Value". Actual Cash Value is the depreciated value of your vehicle at the time of the accident where it was totaled. Every insurance company has their own system for valuing vehicles. The closest you will be able to get to this rate is by averaging your Kelly Blue Book values for Trade-in and Private Party. This will give you a great idea of the average value an insurance company will pay you if your vehicle is totaled. This is the highest value and the lowest value available to you as the owner of the vehicle. Some policies, usually for Classic Cars, allow you to insure the vehicle for Stated Value, or "agreed-upon value". Most personal auto policies do not allow you to insure a vehicle for Stated Value.

Tip. Check with your agent to find out what your vehicle's actual cash value is. No one likes sticker-shock when they receive a claim check for a total loss.

9. If I Need New Parts For My Car, Will My Insurance Company Pay For Original Manufacturer (OEM) Parts? - In the recent past, many insurance companies guaranteed OEM parts. When the major car companies foundered in the recession, many of them got stuck assuming those parts would be readily available. When insurance companies were faced with a national shortage of parts for vehicles made by companies that were now bankrupt, all of them changed the wording of their policies to change this in order to protect themselves from lawsuits. Now it is the norm for aftermarket parts to be used to repair vehicles, as they are more readily available and no noticeable difference is visible in the repairs most body shops make.

Fact. Many insurers now restrict or severely limit the use of OEM parts in their repair estimates.

Tip. If you'd like to know what parts are actually being used to repair your vehicle, the best option is to ask your body shop what kind of parts they intend to use for your repair. If OEM parts are available, you may consider asking your insurance adjuster to cover the extra cost for OEM parts.

10. If I Am Killed In an Auto Accident, What Does My Family Get? - Most people assume if they are killed in a car wreck that their family will receive some sort of death benefit from the auto insurance company. That is simply not true. Some States offer a small death benefit in their medical payment/ personal injury protection coverages, but most do not. Medical Payments coverage will pay up to the policy limits for medical bills only.

Fact. Life insurance is the only way to make sure your family receives some cash if you pass away as a result of a car wreck.

Tip. Some insurance companies offer discounted rates on your auto insurance if you also have a life insurance policy with them, and vice versa. To make sure you are getting the best deal, contact your agent.

I know the world of insurance can be confusing, but it's important to know the right questions to ask your agent so you are in a better position to make informed decisions for you and your family. Our belief is that when you are properly educated about insurance by a real consumer advocate, your experience with our industry as a whole will be much more satisfying for you.

All The Best!

Erik Wells

Erik Wells All American Insurance Agencies

505-896-7660

Article Source: http://EzineArticles.com/expert/Erik_Wells/1490550

Tips To Find Cheap Auto Insurance That Offers The Coverage You Truly Need

Learn how to shop for cheap but good auto insurance. Finding a policy that is affordable, yet provides you the coverage you need. Saving money is a great financial goal, but don't make the mistake of always selecting the cheapest offer. Learn more about car insurance programs and find some real tips to help get the coverage you need. Here is some information on how to learn to shop for car insurance that is cheap and good.

Begin with the Insurance Selection Process

Drivers need to select the type of insurance coverage that they wish to purchase. There are four types to choose from: liability, collision, comprehensive and under or uninsured motorist coverage. The first thing to do is to assess the insurance needs of the vehicle. For example, evaluate if the car can be replaced. If a car is used then liability coverage is often the best option.

Liability coverage covers the other driver and their passengers after a collision. Vehicles that are owned by policy holders are not covered by its property damage or medical coverage amounts. It can be very cost effective for people who want good coverage that is affordable. The states do not require anything beyond liability coverage so drivers with this coverage are acting in accordance with the law.

Collision coverage is great for vehicles that are too expensive to repair or are financed by auto loan lenders. This coverage covers property damage and medical bills caused by collisions. Drivers are responsible for a portion of the costs which is known as a deductible. One way to save money with this type of policy is to set a higher deductible amount.

Comprehensive coverage is a type of insurance that deals with protecting cars in the event of a fire, theft, act of vandalism, or weather event. Cars are expensive and hard to replace so this type of coverage is very beneficial to have. Under/uninsured motorist coverage covers the gaps if the amount of coverage that a driver has is not enough to cover the damages. Many people break the law and drive while uninsured so having this form of protection is a great way for people to cover themselves from financial implications.

Engage in Comparison Shopping

The Internet is the best place for consumers to find cheap insurance options. The best way to do this is to request insurance quotes. The quotes are based upon the geographic location where the driver resides, the age and gender of the driver and the type of policy that will be underwritten. When conducting the quotes process, individuals need to select the same options or the premium rates will vary substantially.

People should search for discounts from insurers as well. There are good driver, good student, military and even group based discounts out there. Each insurer has something different to bring to the table so while shopping, drivers should visit the websites of the insurance companies listed to research which discounts they offer. This can make a big difference in the final premium rate.

Once this has been completed, drivers should compare the quotes side by side and see how much coverage they will have and what they will have to pay for it. The best rule to follow is to choose the policy with the most coverage that fits the budget. It often comes in handy to pay a bit more to secure more financial protection.

Our mission is to help consumers find the lowest rates, but ensure they get the right coverage they need to cover them with any potential accident. Consumers can learn more [http://www.insuranceratesquote.org/auto-insurance] about auto insurance policies and coverage, to help save with their annual premiums.

Article Source: http://EzineArticles.com/expert/Oliver_Kyle/158915

Top 5 Insurance Mistakes

Many times the only reason that people obtain insurance is because it is required. To obtain a home mortgage, the bank will require you to obtain homeowner's insurance. To drive in the United States, it is required to obtain some type of car insurance. Unfortunately, many see insurance as an unnecessary expense and do not pay much attention to the coverages they are obtaining or not obtaining. Below are 5 common insurance mistakes made by many.

1. Insuring a home for its market value and not the cost to rebuild. If the loan is higher than the cost to rebuild, then the bank will require you to insure the home up to the amount you owe. But if the market dips, like it has in recent years, the cost to rebuild will be higher than what you paid for the home. You need to have the home insured for at least the cost to rebuild or you could be left with a hefty bill to pay if your home burns down.

2. Only obtaining state-minimum liability limits on your car insurance. The state minimums will not sufficiently cover you if are involved in an accident involving significant damage. "I have never been in an accident and I don't plan on ever being in one," is a response I hear often. No one plans on being in an accident, but you cannot predict the future. State minimums will not be sufficient for many accidents.

3. Refusing to buy renter's insurance. I was counted among the many that felt renter's insurance was a waste of money, until I was robbed. Now I understand that renter's insurance provides peace of mind for a very minimal expense.

4. Lacking the understanding of what is covered. Most insureds do not take the time to read through the policies they have just purchased. To make sure you are insured correctly you need to actually read the policy and, if necessary, ask for clarification from your insurance agent.

5. Selecting insurance based on name recognition. Johnson Controls Inc. is a leading manufacturer of automotive interiors for cars and light-trucks and is worth 28 billion dollars, but have you heard of them? Many have not, but does that mean they are not excellent at what they do? Of course not. Just like Johnson Controls, there are many excellent insurance companies that you have not heard of, but that doesn't mean they are not excellent insurance companies. AM Best ratings, online reviews, and personal referrals are all excellent ways of researching an insurance company. I wouldn't recommend choosing an insurance company based on the entertainment value of their commercials.

Insurance protects you from financial ruin, if you are sufficiently covered. Don't make the five common mistakes above and you'll be well on your way to staying ahead of trouble. You may not like paying your insurance bill, but you'll be grateful you are properly covered if something does happen.

Car Insurance Savings - 6 Expert Tips You Never Knew

Saving money on car insurance is a very good way of reducing your annual expenses. You'll be happy to know that there are quite a few things you could do to reduce your payments to your insurer without having to go without insurance. These expert tips include:

- Ask for the least amount of insurance cover that the government requires you to have. Alternatively, you could get enough insurance to cover what you think your expenses might be in the event of an accident. If you know that you are a good driver then you can easily manage with less cover.

- Opt for a package that consists of a fairly high deductible. If you don't expect to have an accident because of a good driving history or a safe vehicle then you should avoid paying a big premium just for having the insurer pay a large proportion of the expenses incurred in an accident. Agree to shell out a large part of the expenses in case of an accident and you'll get insurance at a good discount.

- Reduce the number of modifications in your vehicle, except for the ones that make it safer. Any modifications done for cosmetic reasons will increase your risk in case of an accident and your premium will increase accordingly.

- Pay for safety modifications instead because they will decrease your premium. A special anti-theft alarm system is a good buy because it keeps your car safe and entitles you to the right kind of monetary help in case you have an accident.

- Try to qualify for every possible discount offered by the insurer. Some discounts are given on the basis of educational qualifications or grades (for teenage drivers) or memberships of certain associations. Discounts are even offered to people who take lessons in defensive driving.

- Deal with a single insurance company for all of your policies. This will enable you to get the best possible discount in each instance. Since most insurance companies offer vehicle, life, health and property insurances, it should be easy for you to do this.

These expert tips are extremely easy to follow and you shouldn't have a problem doing any or all of the above. You will be able to get the cheap car insurance you need without having to pay a great deal of money to your insurance company. These tips will ensure that you stay on the right side of the law and also that you get adequate protection in the event of a collision.

Get cheap car insurance in Texas [http://www.cheapcarinsurancenets.com/cheap-car-insurance-in-texastx.html] without too much of trouble. Get tips on getting cheap auto insurance in Texas [http://www.cheapcarinsurancenets.com/cheap-car-insurance-in-texastx.html] without compromising on how much cover you get.

Article Source: http://EzineArticles.com/expert/Manzoor_Mohammed/1585287

Cheap Auto Insurance: Some Useful Tips To Finding Quotes Fast

For anyone with a car to maintain and insure, the costs involved are often amongst the largest to be paid each month. But the good news is that there are ways to lower the cost and ease the financial burden faced. Cheap auto insurance is never that far away.

The difference that lowering the cost of a vehicle can make to our lives is astonishing. However, to locating low-premium car insurance takes more than wishful thinking. There is a need to dedicate some time to the search, and there are steps to take in advance that can entitle applicants to big discounts.

But whatever your specific driving experience, and current insurance terms, there is likely to be a superior auto insurance quote out there - and by consequence, a way to make your car a more affordable expense. Here are 3 tips in particular that every car owner should take advantage of when selecting their car insurance.

Compare Quotes

The first and most obvious way to find cheap auto insurance is to spend some time online searching for the lowest possible quotes. Where once the search involved walking and phoning, the availability of comparison sites today means the best deals can be found within seconds.

Of course, shopping around is no secret tip to locating low-premium car insurance, but the ease with which third-part websites can be used to locate the lowest premium is now better than ever. All that is needed is a minimal amount of information, and the comparison site will list the best quotes.

However, it is never enough to take these matters on face value, and it is important that the small print in any auto insurance policy is examined before agreeing to one.

Consider Bundling Your Insurance

A second tip is one of the most logical but, surprisingly, one of the least acted upon. In your quest to find cheap auto insurance, it is normal to only concentrate on policies for your automobile. But there is no reason why bundling insurance policies cannot result in making considerable savings.

Bundling means getting the full range of insurance policies required in modern life from a single insurance provider. This means your vehicles, home, personal and life insurance policies come from the same source. Because the insurance sector is highly competitive, companies are willing to offer major discounts for multi-policy sales.

So, while spending time locating low-premium car insurance is essential, it is also worth looking at the bigger insurance picture. After all, auto insurance is only one of several policies needed in modern life, so why spend more dealing with different companies?

Consider Your Lifestyle

A third way to secure a cheap auto insurance policy is to adopt a better lifestyle that tells companies that the risk of making a claim is less. For example, prove your safety in driving by taking refresher driving courses regularly, or perhaps register the car in a carpooling program, which reduces the number of hours on the road.

Other valuable moves include updating security features in the car, which reduces the risk of theft, and regularly get the car serviced, which not only lowers the chance of accident, but ensures the chances of electrical faults are minimal, thus lowering the chance of fire.

There is no short way of locating low-premium car insurance, but there are ways to increase the degree of savings to be made on a premium. So, before beginning your search for auto insurance, be sure to keep these tips in mind.

Hilary Bowman is a Financial Expert who specializes in Loans for People with No Credit and Bad Credit Loans

Article Source: http://EzineArticles.com/expert/Hilary_Bowman/114938

Car Insurance Mistakes That Will Cost You Money!

After spending twenty years in the insurance industry I have learned from mistakes and always endeavor not to repeat them. Mistakes that could cost me, as an agent, money and my clients money. One of the most frequent mistakes I have found over the years is selling insurance based on price and buying insurance based on price. Most agents and companies in order to compete will attempt to be the price leader while offering reduced benefits to the consumer. This is wrong. Just plain wrong. I have found that it is painfully true that "you get what you pay for".

Every state requires that if you own or drive a vehicle you must carry a minimum amount of liability insurance. This requirement is not to protect you but to protect other drivers you might crash into and cause bodily injury or property damage. These minimum limits are usually not sufficient to transfer your risk of becoming financially liable in an at fault accident. In Florida for example, the minimum limits are $10k per person and $20k per accident for bodily injury liability (BI) and only $10k for property damage liability (PD). So then, if you elect to purchase these minimum limits and cause an at-fault accident which results in medical bills to the other driver or passengers of more than $20k, you are going to be paying the difference out of your pocket. Let's be realistic here. Accruing $20k in medical bills for a car with 3 people in it is very, very easy. An ambulance ride, visit to the ER and possible 2 or 3 day stay in a hospital will easily amount to over $20k. Not to mention the new Mercedes they were in costing $45k to replace. See where I'm going with this?

You decided to buy the minimum coverage and save $20 or $25 per month and now you are being sued for $50,000 because the insurance company would only pay the limit you purchased. Like most people you will blame your agent or the 20 year old person on the other end of that 1-800 number you called for bad advice. And what is really going to upset you is that buying higher limits was not that much more money.

How do I protect myself you ask? Simple. When you go online or call 5 different agents get quotes for minimum limits and each bracket of higher limits that are available. Compare and see what will fit your budget and don't be a cheap skate when it comes to transferring the risk to an A+ rated insurance company. After all, insurance is just a piece of paper until it comes time for the company to write the check.

If you would like to learn more about insurance matters, please visit: http://sonnyosteen.com

Article Source: http://EzineArticles.com/expert/Lewis_OSteen/1601223

Get the Best Auto Insurance Quotes in California

If you are a resident of California, you cannot drive a vehicle without appropriate auto insurance coverage. To get competitive insurance quotes, California residents can take the help of reliable portals that connect people searching for car insurance with insurance providers.

Auto Insurance Requirements in California

As long as you can show proof of your ability to take financial responsibility for damages that occur in the event of an accident you are not required to maintain an automobile insurance policy in California. However, when you consider the stringent compensation policy of the state, you cannot avoid buying an insurance policy for meeting the minimum liability coverage. Failure to maintain a car insurance policy leads to suspension of vehicle registration. Moreover, you will be fined, your vehicle will be impounded or you will be given a traffic ticket if you fail to provide proof of your financial responsibility while driving.

Hence, while purchasing a vehicle insurance policy, you should take into account, the minimum liability coverage required in the state. According to the California insurance laws, the minimum liability coverage for injury or death is $15,000 per person and $30,000 when more than one person is involved in the accident. In case of damage to property, the minimum liability coverage is $5,000. In California, teenagers, not less than 15 ½ years can drive a vehicle. The same stringent driving law also applies to teenagers. Therefore, before allowing your teen to drive a car, remember to add the teenaged driver to your current vehicle insurance policy.

How to Choose an Auto Insurance Policy

Deductible

The goal of every insurance policy buyer is to get a best value for money deal. The premium of an auto policy depends on the insurance deductible. Policies with higher deductibles attract lower premium and vice versa. If you are a seasoned driver or if you drive occasionally, you can go for higher deductibles. However, high risk drivers, teen drivers and people driving a leased vehicle should not opt for high deductibles.

Limit

The minimum liability requirement meets only a fraction of your total damage cost. Therefore, you must purchase more liability insurance that covers a significant amount of repair expenses and medical costs in the event of a serious automobile accident.

Auto Insurance Quotes

As every auto insurance provider follows different formulae for calculating premiums and driver risk, the insurance premiums vary significantly. Hence, remember to compare auto quotes obtained from different auto insurance companies before selecting an appropriate policy.

We are providing free insurance quotes online online and connect you with the insurance company that suits you. Visit us to know insurance rates comparison from local insurance agents.

Article Source: http://EzineArticles.com/expert/Clyde_S_Scott/1627864

Why Car Insurance Rates Go Up After An Accident

You've paid a truckload of money for your car insurance for the last 20 years and never had a claim... Now, after one accident that is your fault, your insurance company raises your rates by 40% for the next 3 years.

How can they do this?

Many insurance companies subscribe to and follow the rules of the "Insurance Services Organization" commonly known in the industry as the ISO. The ISO is a watchdog type of organization that follows insurance court rulings, keeps massive statistics, and makes policy language and other recommendations to their subscribers, including the amounts to surcharge after an accident.

Over the past 30 years, surcharge rates for many insurance companies have changed, but it has been very common to see rates increase by 40% when someone has an at fault accident. There are many theories surrounding this increase including:

1. Statistically speaking, when you've had an at-fault accident, your propensity for another at-fault accident in the next three years increases substantially.

2. There may be a claim cost recovery element built into this surcharge.

3. Your insurance company knows you are probably stuck with them for the next three years - so they can get away with increasing your rates.

a. The reason you are stuck is because your accident will go on a national insurance data-base, thus making other insurance companies less likely to want you as a new customer until your accident is 3 years old.

What can you do to protect yourself?

A. Be informed by asking your agent for a surcharge disclosure statement. This is a black and white document that shows how much your surcharges will be. Then shop for a company that has a small surcharge (averages around 12%).

B. Be careful of some agents who may change you from company to company while telling you "everything is the same." When you look at the fine print - including surcharge details - you'll quickly discover that there are plenty of differences between companies.

C. Finally, look for a company that rewards good drivers with a bona-fide accident free discount program. Some of these companies include an "accident forgiveness" program that wipes out any surcharge after you have been an accident free client for a certain number of years.

A good agent will be able to clearly explain and show you the details on their accident surcharge policy. You don't want to discover this - after the accident it is too late.

Mark has been an award winning insurance agent in Burnsville, MN for the last 32 years. Call his office at (952) 895-9999 for an insurance quote today!

Mark Arens has been an award-winning insurance agent in Burnsville Insurance, Minnesota since 1981. Call his office at (952) 895-9999 today! For more info visit this website www.burnsville-insurance.com

Article Source: http://EzineArticles.com/expert/Mark_A_Arens/1657604

10 Ways To Lower Your Car Insurance

The federal government has mandated that all automobile owners must carry auto insurance, but they did not mandate all of the coverage that is available to consumers. Since the mandate only requires a minimum coverage, it is worthwhile to consider what steps may be taken to lower your car insurance quote to cover just what you need and qualify for lower rates based on your driving habits.

Here are ten things you can do to lower your risk and, therefore, your car insurance:

1. Be a safe driver. If you lower the risk that you will have an incident claim, the insurance company will pass savings on to you. People who have no accidents but have a record of speeding tickets and even parking tickets will be considered a higher risk to insurance companies. Keep a clean driving record all around.

2. Attend a driver safety course. Your certificate from the course will be a signal to your insurance company that you are dedicated to safe driving habits, and then demonstrate them by being a safe driver. Also keep your vehicle maintained properly so that it will continue to operate safely.

3. If you smoke, stop. Smoking is a distraction while driving which means it is a higher risk. Either do not smoke in the car, or better, stop altogether. Drinking alcohol ought to be an obvious avoidance at least while driving; better if it is avoided altogether. Cell phone and texting ought to be curtailed as well.

4. Install anti-theft equipment on your car. Make the would-be thief consider an easier car to burgle or vandalize than yours.

5. If you use your car in your profession, see if the company will issue a company car or change your profession. The more you are on the road, the higher your risk will be that you will be involved in an incident. If you just commute, know your commute miles and report them accurately to your insurance company. If your car is only used occasionally rather than daily, advise the insurance company. Know the exact or at least approximate mileage.

6. Buy a safe vehicle. Cars carry standard safety ratings from the National Highway Traffic Safety Administration (NHTSA). Consult their safety ratings if you are considering a new or used car purchase.

7. If you own an older car of significantly reduced value, have coverage of minimum liability only.

8. Park in your garage if you have one. Like item 3, this will discourage auto thieves and will lower the risk of freak incidents like a downed tree, hail damage, etc.

9. Be credit worthy with a higher credit score. If your other bills are paid on time, so is your insurance bill.

10. Address the policy with reduction tactics. Increase your deductibles. Remove superfluous policy additions you do not use. Buy a policy with a single, annual payment rather than month to month.

By applying any or all of these ideas, you will lower your car insurance and still have all the coverage you need.

If you want to know more about Arizona local policy, you should not delay visiting the following website:

Auto Insurance Arizona

Article Source: http://EzineArticles.com/expert/Robert_Fogarty/620863

Top Ten Insurance Mistakes and How to Avoid Them

In case of an emergency, insurance can help protect your finances. But one shouldn't pay excessively for this protection. Whether you're buying a policy for the first time or have had coverage for years one should take into account the following points.

1. With low auto and homeowners insurance deductibles, you often pay more in premiums than you can recover in claims. Low deductibles also encourage you to make less claims, which could cost you a claims-free discount or prompt your insurer to drop you.

2. You won't be accredited for some discounts unless you tell your insurer that you deserve one. The list differs from company to company but often includes installing a home alarm system, adding storm-proof shutters and even working at some occupations.

3. The insurer that offered you the lowest rate a few years ago may no longer offer you the same. Try to get price quotes from different insurers whenever you expect or face a major change.

4. Switching insurers just to save a few dollars can fire back if the new company annoys you on claims. Keep acquaintance with the insurer's customer-service rating through a reliable source, and avoid companies with a high complaint ratio.

5. If your employer offers Free group life insurance, it's a great benefit! But if your boss offers extra life insurance for an extra-payment, don't just say yes without inquiring. Insurers that offer group policies assuming that ones who are in a bad health, will apply. They also tend to trigger their rates every five years instead of fixing rate for 20 or 30 years.

6. Employers are required to let you continue on their group health insurance policies for up to 18 months after you leave your job its actually in accordance with the federal law known as COBRA. But you have to pay 102% of the cost yourself, normally most employers pay 60% to 75% of the premiums for their employees. You could surely get a better deal on your own.

7.The standard advice is to get life insurance equal to 12 times your annual income. But two people who earn the same income may need very different amounts of coverage.

8. The insurance value and the market value are both different. You need enough insurance to pay for the repairs of your home if it is destroyed. But you'll still have the valuation of the land, which is portion of the market value.

9. Besides boosting premiums, health insurers have also been penetrating rates in less-obvious ways such as by raising coinsurance rates and adding new pricing tiers for prescription drugs. You could also pay more then needed in out-of-pocket costs if your doctors aren't in your plan's network. Compare overall costs and limits, make sure your doctors are in-network.

10. Not asking or taking advice or suggestions from relatives or friends may also be a big mistake, and the only way to avoid one would be to enter into discussion and taking advises from experts or experienced people.

For more information and articles please visit http://theinformationflow.blogspot.com

Article Source: http://EzineArticles.com/expert/Adam_J_Lambert/1689992

Six Tips to Save on Car Insurance

1. Choose a higher deductible

A deductible is the amount you pay per claim before your insurer will pay the rest of the balance for repairs or replacements. People tend to purchase policies with lower deductibles, such as $250 or $500. However, the higher your deductible, the lower your monthly premiums. Safe drivers may want to consider a higher deductible because it will save them money each month. On the other hand, drivers who find themselves filing more than their fair share of claims may opt to maintain the lower deductible. A good rule of thumb is to choose a deductible with the highest amount you are able to afford; this method allows for monthly savings, yet doesn't break the bank if an accident should occur.

2. Purchase a car with a lower insurance rate

Many consumers get caught up in the excitement of purchasing a new car. Though it is a very thrilling time, you must also consider the cost of insurance on top of your monthly car loan payment. New cars will have higher premiums than used cars. Also, sports cars will have higher premiums than their more practical relatives. If auto insurance premiums are a concern to you, speak with your local agent before settling on a final car decision.

3. Drive safely

This might sound obvious, but it's still an important part of saving money on your premium. Safe drivers, with little to no accidents and tickets, will always pay less than drivers who consistently need to file claims. Just one at-fault accident can affect your premium for years to come. Apart from saving money, driving safely is a good habit for your own health and the health of those around you.

4. Reduce coverage on older vehicles

Older cars do not require the same amount of coverage as a newer car. Be sure to maintain at least the minimum coverage required by state law, but feel free to consider dropping any policy extras like collision coverage. If you have a 15 year old car that is worth $1,000 and your deductible is $750, your coverage may not be worth what you've been paying each month.

5. Ask about discounts

There are many auto insurance discounts that you may not know about. Ask your local agent if you qualify for any of the following:

• Good driver discount: for drivers with a clean driving record
• Safe driver discount: for drivers who have passed an accredited driver safety class
• Multi-vehicle discount: for drivers who insure multiple vehicles with the same provider
• Multi-line discount: for drivers who also insure their home with the same provider
• Good student discount: for students with a B average or higher
• Safe vehicle discount: for vehicles with extra safety features
• Retiree discount: for drivers who have reached a certain age, usually over 55
• Away-at-school discount: for drivers who also insure their college students

6. Consult your independent insurance agent

Independent agents are able to compare prices across many insurance providers. Along with a quote, you'll also want more information about each provider, such as the efficiency of customer service and how quickly they handle each claim.

If you're looking to lower your premium, visit our website to get a free quote for Dallas auto insurance today!

Christine Huddleston has over 15 years of experience in the insurance industry and is President of All About Insurance Agency. To find out more about Dallas auto Insurance call us today 817-626-339 for a free quote.

Buying Auto Insurance - The Frequently Asked Questions

Understanding your auto insurance policy can be challenging, and for new drivers, figuring out a policy can be especially frustrating. Whether you are submitting a policy application or filing a claim, several questions can arise. And the purpose of this article is to answer some of the more common questions that come up regarding auto insurance.

How is my annual premium calculated?

Your rates are determined based on a number of factors. These factors include, but are not limited to, location, gender, age, marital status, credit, and driving history. You will submit information about yourself, and that information will be used to assess the risk level you present. To simplify, people who are more likely to file a claim pay more, while people less likely to file will pay less.

Is it possible to insure a car that is in someone else's name? Yes, you can. You must, however, have an insurable interest in the car. And in the event of a covered loss, any compensation rewarded will only go to the legal owner of the vehicle. If the car is being financed, then it just depends on the insurance company's policy. Some will require that you and the owner are both named insured on the policy, and some won't let you do it at all. In these instances, the legal owner of the vehicle should get the policy in his or her name and write you in as the principle operator of the automobile.

You cannot get insurance if you don't have an insurable interest in the property, and for good reason. If you could, that would mean that I could get insurance on your vehicle. You will need to prove that you won't gain unduly from damage to, or loss, of the insured property.

I received a quote online, but when I went to apply the rate changed. Why?

This can and does happen during the application process. It is possible that records showed something on your driver's history, or the history of another person in your household. To figure out exactly what happened, you will need to contact an insurance agent from the company you submitted your application to. If it's been a few months since you were quoted a price, the rates could have went under revision, which would raise or lower the price.

If someone borrows my car, will my insurance cover them?

Yes. If someone temporarily uses your car (with your permission) and has an accident, your liability coverage will cover the damage caused up to your policy's limit. And if you have collision coverage, that would be used to pay for damage done to your vehicle. If someone who drives your car lives in your household, then their name should be added to your insurance policy. It's best not to assume they will be covered just because they are permitted to use the vehicle and live with you.

This is just a small set of frequently asked questions by insurance customers nationwide. And if you have more specific questions about your situation that weren't answered here, don't hesitate to get help from a professional.

How Brokers in Auto Insurance Can Save You Money

Looking at the wide array of lucrative offers presented by insurance companies, choice of the best suiting insurance plan can be daunting. Insurance brokers can be the torchbearer for you in this respect as they can guide you in zeroing down on a perfect plan, economically.

Why hire the services of Auto Insurance Brokers?

Why it is advisable to hire the services of an insurance agent? This is because these individuals, being professionals from insurance industry, are adept with the available options. They know which insurance plan is apt for you and besides, their information network keeps them abreast with the latest plans & premium amounts. Therefore, the fee you pay them is worth the expertise and the efforts which eventually leads to a substantial premium cost saving. This way, you add value to your money.

Identifying competent auto insurance brokers

Competent auto insurance brokers are professional enough to spend some time in person with their clients so as to know significant aspect like their annual budget over premium amount or coverage required. A good adviser always knows that this is the best way to offer a workable insurance plan amongst all other car insurance policies presented by different companies.

On the other hand, a less competent insurance agent may market himself as the best guy around but may not take enough pains to hand you over a good policy. Quality being of utmost importance, you cannot afford to waste time and money with unprofessional and incompetent people out there.

As a smarter way to get a promising insurance agent, you can run through yellow pages, search online and read customer reviews. Professional & genuine agents usually own a website with quotes of various insurance companies and with valuable tips for new & existing car policy holders.

How an Auto Insurance Broker saves you money

This is the million dollar question particularly because you pay a good sum as brokerage. But looking at it differently, you understand that this is the cost for a high level of expertise and has range of benefits:

A competent agent and your adviser in auto insurance will buy you such a policy that is most relevant to the age & condition of your car. Lucrative coverage plans may look too tempting but this individual actually saves your money by avoiding unworthy plans.

Good insurance agents know the importance of coverage in case of a claim and therefore, will advise you a company whose plan can deliver more value for money, as compared to others.

Your auto insurance broker advises you selected policies from such companies which allow a lump sum premium payout. This sum is certainly quite lower as against the premium paid quarterly or half yearly.

In a nutshell, you can count on numerous benefits like time saving, reduced expenditure, etc. when you hire a good auto insurance broker. And if you use the wisdom shared here, you are far sure to get an insurance broker who surpasses your expectations in terms of cost and services.

Article Source: http://EzineArticles.com/expert/Marc_Zuke/1634960

Tips About Discount Auto Insurance

If you have a vehicle that you plan to drive on an American highway then you have to buy auto insurance. It is illegal to drive an uninsured car on the highway and if the vehicle is financed through a bank, credit union, or any other lending facility, then you will have to have full coverage insurance.

Before you buy discount auto insurance then you need to know a few facts about insurance, the way insurance coverage works, so that you buy adequate coverage. The majority of people that buy discount auto insurance do so because they have automobiles that are completely paid for.

When you buy auto insurance you pay more for this coverage if you are a single male than if you are a single female. Married couples pay less for auto coverage than single people do. This is because married people are said to be more stable and secure than non-married people are.

Whenever you get a price quote on discount auto insurance from an online company be sure that the coverage they are offering is the same as the coverage other companies are offering. Full coverage means that should the automobile be damaged the insurance will pay to have it repaired or pay off the amount of money owed on the lien against it. Full coverage costs more than liability coverage does.

Liability Policies offered as Discount Auto Insurance

• Liability insurance is what most of the television commercials that you see advertising for you to buy auto insurance from them because of their really low prices.

• Liability coverage will keep you from getting a ticket if you are stopped by the police for a traffic violation.

• Liability insurance will pay for the damages you do to another person's vehicle if you are in an accident.

• Liability insurance coverage will pay a small amount of the medical costs of the passenger in your vehicle when you have an accident.

• Liability coverage will not pay a dime on any repairs your vehicle may require after an accident.

• Liability coverage will not pay for any damages you may suffer physically in an accident

• Liability coverage will not provide you with a rental car should you require one

• Liability coverage will not pay the lien holder any money if you total the vehicle

• If someone with no insurance, or not enough insurance were to hit your vehicle liability coverage will not pay to have the damages repaired

• The amount of liability insurance that you need varies from state to state

Be careful that you read all of the particulars concerning your coverage before you pay for the policy. Sometimes you will discover that the discount policy is not offering enough coverage. You may only be paying nine dollars a month, but if you do not have enough coverage to make your vehicle legal to drive then you are wasting your money altogether. You will need a printer to print your own cards for proof of insurance

When you buy auto insurance you have to know the difference between liability and full coverage. Discount auto insurance may not provide all of the coverage you need to drive legally in your state.

Article Source: http://EzineArticles.com/expert/Afshin_Nejad/1492962

Tips and Tricks to Getting Auto Insurance Discounts

As a recovering car fanatic who has literally bought and sold 8 different cars in the past 10 years I’ve come to appreciate the intricacies of getting a good deal. One of the most important things people don’t think about when they are about to buy that fancy European automobile is how much car insurance will cost.

On an absolute dollar level, driving a $50,000 car could cost anywhere between $2,000-$3,000 a year, depending on your record. At 4-6% of the annual cost of your car, car insurance is a big deal! The irony is, the cheaper the car you buy, generally the higher car insurance is as a percentage of your total cost.

Take my dear Moose, for example. He’s worth maybe $5,000 on a good day if the electrical gremlins aren’t flashing on the dashboard. Without going into details of what my car insurance plan entails, I pay roughly $80 a month or $960 a year. $960 is much cheaper than $2-3,000 in the $50,000 example above, but $960 is a whopping 19.3% of the total value of my car every year! In just 5.5 years, I’ll have paid more insurance than the value of the car itself!

Hence, the great irony is that driving an expensive car is better value for your insurance dollar money. What my point also illustrates to you is that driving a car has many more expenses than just gas and maintenance. Car insurance is a big one, which is why it’s important to try and save as much money as possible.

Here are 12 tips on how to find auto insurance discounts and make the most of them:

1.Be a good driver.

A clean driving record is the best way to keep your insurance premiums low.

2. Choose a safe vehicle.

Many insurance companies offer discounts to policyholders who drive cars with good safety records.

3. Drive less.

Joining a car pool or taking public transportation can reduce the number of miles you drive each year and reduce your rate significantly.

4. Study hard.

A Good Student Discount reduces rates for full-time students with a “B” average or better. There are also discounts for continuing education or defensive driving classes.

5. Insure all your cars on the same policy.

Most companies will apply a multi-car discount to each and every car you insure.

6. Equip your vehicle with safety features.

When you choose optional safety features on a new car – or add them to a used vehicle — you can reduce your premium. Discounts are offered for anti-theft devices, anti-lock brakes, automatic seat belts, air bags and car alarms.

7. Use your garage.

Clean out your garage and move your car in. Or, if you live in the city, rent a garage. You rates will be lower because your vehicle will have less exposure to both the elements and crime.

8. Insure your home and your car with the same company.

You can get a discount on both your car and your home insurance by insuring them with the same company.

9. Check with your employer.

Some employers offer group auto insurance to workers. These often come with a lower group rates. Talk to your benefits coordinator.

10. Look for professional discounts.

The work you do may entitle you to a discount car insurance rate. Many companies offer discounts to those drivers who tend to have fewer accidents. Engineers, scientists, teachers and doctors are among them. If your insurance company doesn’t offer this discount, look at professional associations. Many sponsor auto insurance

programs for members.

10. See if your company offers a renewal discount.

Many car insurance companies offer a discount to drivers who stay with them for an extended period of time. See if yours is one of them.

11. Check your payment plan.

Some companies offer a discount for paying in a lump sum … or by automatic deductions from your checking account.

12. Don’t forget to ask.

Don’t assume your insurance company will automatically apply all the discounts which you are entitled. Sometimes you need to ask. Take a look at the Declarations Page that came with your insurance policy to see which discounts have been applied to your policy. Call your company or go online to see if others are available.

CONCLUSION

So there you have it, 12 tips for saving you money on auto insurance. Like buying a car, it’s always worth shopping around and comparing quotes. At the end of the day, you want to at least protect yourself from disaster scenarios and have liability. Safe driving!

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Car Insurance and Teen Drivers: How to Lower the Cost

Driving is expensive. Now that I think about it, pretty much everything I do is expensive. When you consider you have to buy a car, pay for car insurance, gas and maintenance, a huge chunk of my paycheck goes toward driving.

While I’m here complaining about how expensive it is to drive, teen drivers (or their parents) have it even worse. Teen drivers are labeled “high risk” due to their lack of experience on the road. Because of this, car insurance is extremely costly for teens.

When I first got my license, I was naïve in that I really had no idea how much money my parents were shelling out for me to drive. Before my dad gave me my set of keys for my new car, he said one thing: “If you get a ticket, you’re paying your own car insurance.”

It was that simple. At the time, I had no idea how much car insurance was. However, I did know that I didn’t want to have to pay for it. I’ve been driving for over eight years now and have still never received a ticket (knock on wood).

As expensive as insurance can be for new drivers, there are some ways to decrease the cost. Whether the parent or the new driver is paying the insurance, here are some tips to finding the lowest rates possible:

Shop around: A little comparison shopping can’t hurt. Just because you’ve been with one insurer for a long period of time doesn’t mean they will give you the best price. Different insurance companies have different rates when it comes to teens. Don’t settle on the first one you come across.

Good grades: Some insurance companies offer discounts for teens who maintain good grades because they’re seen as more responsible. In most cases, a “B” average is required to receive the discount. The policy is different for each company (that offers the discount) so be sure to ask about it.

Low-mileage discounts: Do you have a teen that is only going to be driving a limited number of miles? If so, be sure to ask about the low-mileage discount. It’s especially useful for teens that only plan to drive to work or school. Discounts can range anywhere from 5-15%.

Driver education programs: Teen drivers don’t have to stop taking driver’s education classes after receiving their license. In fact, some insurers offer discounts to drivers who take additional classes. Drivers can receive up to a 15% discount for passing extra classes.

Safe car: The type of car being driven has a huge impact on insurance costs. For example, cars with great safety features are penalized less when it comes to insurance prices than cars that are deemed to be more dangerous. Cars that offer a good safety rating as well as air bags, anti-lock brakes, automatic seat belts and head restraints will help lower the cost.

Raise deductibles: If you raise your comprehensive and collision deductibles to at least $1,000, you’ll in turn lower your premiums.

Drop coverage: It doesn’t make sense to pay for collision and comprehensive coverage on an old car that isn’t worth much to begin with. If the car is worth about the same price as the deductible, is it really worth it? Probably not. Consider that you could be paying more in premiums than you would ever get back from the insurer.

Obey the law: The cost of insurance will go up if a teen driver gets a ticket. Always wear a seat belt. Don’t speed. Stop at stop signs. These are all obvious suggestions, although all are laws people break on a regular basis.

While car insurance is just part of the battle when it comes to driving costs, it is a large chunk. Throw in gas prices close to $4.00 per gallon and oil changes (and other maintenance) and you’ll see just how expensive it is to have a teen driver in the family.

Follow some of the above steps and you’ll find yourself with a little more cash to put toward other driving costs.