Category Archives: Insurance

Car Insurance Tips For First Time Buyers

Newly qualified drivers and those who need to insure themselves for their first car will usually have to consider the cost of insurance as one of the biggest factors when choosing a vehicle. You may have some driving experience as a named driver on someone else’s insurance policy, and although age does have an effect on the price of car insurance, as a first time insurance buyer you will need to choose your car carefully in order to get the best deal. Yet consideration about the best model of car to buy could mean that insuring yourself for the first time doesn’t mean you have to pay a hefty fee for your cover policy.

Statistics show that new drivers are more likely to make a claim than older or more experienced drivers, and therefore your first car insurance policy is likely to be more expensive. Costs can vary between each insurance provider, so by shopping around you can potentially save a significant sum of money. The amount you will pay is usually determined by the type of car you have, where it is kept, what it will be used for, who will drive it and the type of cover you need.

Consider whether you really need a large engine car with excessive acceleration or capable of very high speeds. Lower performance cars are regarded as safer by insurers and therefore cheaper to cover. Don’t assume an older car could save you money, though. As they are more likely to break down the insurers are likely to charge you more. If you keep your car in a garage or on a private driveway then this will help bring the costs down. Using the car just for leisure and getting to work will mean a cheaper policy than if you plan to use it for a business, while adding over drivers’ names to the policy will increase the cost.

How to budget for your first car insurance

Getting insured in your own name is preferable to adding your name to someone else’s insurance. It might be cheaper but in the long run you’re better off having your own insurance policy as that way you can start building up a no claims bonus. The no claims bonus is a reward set by insurance companies that gives a discount for each year you go without making a claim. Especially with younger drivers, there is a temptation to modify your car. Adding extra power and expensive parts will affect your policy, and apart from it being essential to tell the insurer about the changes, you are likely to find the premium will be increased considerably. Getting your car fitted with security devices and making sure it is kept in a safe place at night will also help your insurance budgeting.

The Pass Plus Course is aimed at new drivers and builds on the driving test to ensure new drivers get more training and therefore more competent over time. Because the Pass Plus course enables you to hone and improve your driving skills and awareness, insurers often give you a 30% reduction on the cost of your policy.

Shopping around

As with all types of car insurance, first time buyers should shop around when looking for the best deals. There are some easy to use comparison sites online that will give you the opportunity to compare a range of covers and prices that will help you find the policy that is right for you. But no matter how much you shop around, insurance companies always rate different cars according to size and power, and so your choice of car is the most important decision affecting the overall cost of your policy.

Surefire Ways to Cut Car Insurance Costs

Los Angeles car insurance plans are considered to be more expensive compared to those offered in other cities in the country. The high accident rate in LA makes insurance companies raise the premiums for insurance coverage. One major reason why the city sees more accidents is due to many cases of drunk driving. So, in order to cope with high vehicle insurance premiums, many residents choose to drive without insurance and hope that they will not get caught by authorities. If you are one of those who skip car insurance to save money, you should know that there is a new law in California that requires insurance companies to report insurance details electronically to the DMV. This will make it easier for officers to determine if you are driving an uninsured car, even if you show an insurance card. Thus, it is high time that you apply for car insurance. Fortunately, there are ways in which you can cut back on your auto insurance cost in Los Angeles.

If there are two things that Los Angeles car insurance providers detest, it would be drinking and smoking. If you do not want to pay high vehicle insurance premiums, you better stay away from drunk driving and also smoking. Even if you do not tell your insurance company that you are a drinker and smoker, there are ways in which they can learn about your vices. The number of your DUI arrests will alert the insurer of your irresponsible driving habits. Since drunk driving is rampant in Los Angeles, insurance companies will surely check everyone’s driving record when applying for car insurance. Although smoking can seldom cause accidents, the big reason why insurers do not like people who smoke inside cars is smoke burns on the seat, dashboard and other places inside the car.

One way to cut your Los Angeles car insurance cost is to join automobile groups or associations. The membership fees in joining such organizations will be worth it, especially if you need towing or car battery charging. Moreover, car insurers also give discounts to people who are members of car organizations.

Finally, another surefire way to bring down Los Angeles car insurance premiums is to ensure the security of your car. Aside from installing security systems that will make it harder for thieves to steal your vehicle, you should also think about parking your car in a safe environment in case you live in a Los Angeles area that has high crime rate.

Get the Best Out of Classic Car Insurance

Classic cars are admired all around the world. There are many car enthusiasts who dream of owning a true classic. No matter where such enthusiasts find themselves, they are always on the lookout for a vintage car. Even a vehicle that is in pretty grim condition will not be overlooked. It is considered a most enjoyable undertaking to restore such a car to its original state. This takes an enormous amount of time and money. More often than not, the car enthusiast spends hours searching for authentic parts and accessories.

In a monetary sense, it’s easy to understand why such a vehicle must be insured. It is true that a restored classic car is an investment because it will increase in value over the years to come. However, to a car enthusiast, who has made the restoration a special task, knows an ordinary insurance is not good enough for his or her pride and joy. It is necessary to opt for vintage car insurance.

If you have restored your vintage car you must find out if it qualifies as a classic car. This classification usually goes according to the condition, model and age. If you compare a number of insurance companies you will find their classification rules differ. It is best to contact an insurance provider that specialises in vintage cars. They have the expertise to draw up a policy to take care of every aspect of a specific specialist car.

Of course, not every car enthusiast goes to all the trouble of restoring a classic car. You can simply go out and buy a classic car already in perfect condition. Such a car is a lot easier to insure. You simply find out from the previous owner how, and who, insured the car and you get all the details. However, it is still necessary to ask the insurer to confirm the policy provides sufficient cover for your vintage car.

Owning a special vehicle does cost more and you will pay more for vintage car insurance. One of the factors that determine how much your monthly premium would be is the value of your vehicle. The more valuable your vehicle the more you will have to pay for insurance. The more rare or collectible a car is the more money it is worth. If your car is rare it will probably be hard to find car parts. This is another reason for an insurance provider to raise your monthly premium. Due to the cost involved, there are owners of classic cars who consider taking out standard insurance.

The reason you must not take out standard car insurance is it will undervalue your classic car. You and the insurer come to an agreement regarding the value of your car. Not only will your car be sufficiently covered but you will also be reimbursed for any costly repairs that may come up in future. This type of cover is usually only provided by a company that specialises in classic car insurance. Some of the large insurers do have a section dedicated to vintage cars.

Get the Best Deal on Your Car Insurance

Getting a great deal on your car insurance can be done using several techniques. First, make sure you are safe driver who avoids traffic violations. Secondly, make sure you are aware of the various discounts that exist, and finally, make sure you educate yourself on the ways that insurers determine the rates for car insurance premiums. Good coverage can be found at a low price for those who do the proper research.

Driving history is very important to insurance companies when determining someone’s premium. A poor record will have an immediate affect on the cost of your car insurance. Those who maintain a clean record will realize a significant savings. Speeding tickets, and at-fault accidents both work against a policyholder to increase an insurance premium. Insurers use this information to determine if a driver is a good risk for their company. For those who have a bad history with many accidents or moving violations, a higher premium can be expected, as insurers will view this history as an indication that future accidents are likely. Many insurers will ignore initial or minor violations.

Regardless of your driving record, one technique that can be utilized by anyone is to look for available discounts. There are many offered by various insurers and your best strategy is to simply ask your agent or broker to examine all possible avenues for car insurance discounts. A multi-line discount is one of the most common discounts for car insurance customers and it is one of the easiest to obtain. Multi-line discounts involve merely obtaining your property insurance and car insurance from the same company. This is often very easy to do for most people as their agent often sells both types of policies, with the same company.

If you can educate yourself on the basic criteria that insurers use to determine who is a good candidate for insurance, you can position yourself to obtain the best possible rate. Insurers look at the driving record as outlined above, but they also review a driver’s credit history, the distance they drive daily, the geographical area where the car is kept while not driving, as well as the type of vehicle. In fact, there are many factors that insurers use to determine how much risk they may be accepting by insuring a particular customer.

This last notion provides a good outline of the role of an insurer. As a consumer, you have to take an objective view of yourself, your driving history, and your car. Allowing common sense to be your guide, you should be able to determine whether you pose a high, medium, or low risk to an insurance company. This technique may require an honest self-evaluation that might be difficult for some insurance customers, but necessary for anyone interested in lowering their premium. People who pose the highest risk to an insurer will be required to pay the highest premium, and those who pose the lowest risk will be able to pay a lower premium.

This risk-based view of insurance pricing will help you reduce your premiums in the end.
Searching for discounts is an effective short term strategy that can yield results, but should only be considered a remedial measure as many of the discount “triggers” offered by insurance companies involve evidence of long term habits that demonstrate driver safety. Avoiding traffic violations and driving safe cars is the best long-term strategy to maintain low car insurance premiums.

Getting to Know Car Insurance

All car owners and operators need car insurance because it is required by the law. If you drive around in an uninsured car and you get into an accident or simply get caught without insurance, then be prepared to shell out a lot of cash. Car insurance helps you in more ways than just paying for a smaller amount than needed for repairs. It also helps you avoid the unnecessary financial headaches that you will get when you get caught driving around without insurance. Nevertheless, you will still want to get the cheapest auto insurance around.

The good thing about auto insurance is that it can potentially be expensive – meaning it will be expensive if you choose to get an expensive policy. Insurance has different types of coverage, and you have to choose one that suits you best. For instance, there is just liability insurance, which is by far the cheapest car insurance that you can have. There’s collision insurance and comprehensive insurance – the latter being the costly aspect to the whole coverage.

You can choose to go cheap and not get comprehensive insurance, but you have to prepare to not get your car damaged by factors covered by comprehensive insurance. Comprehensive is referred to as “anything other than collision”, so any damages due to fires, floods, hail, and vandalism is covered. Theft is covered by comprehensive insurance as well. If you feel like you can keep your car safe from all these factors, then you can do without comprehensive car insurance. It’s up to you, really.

On the other hand, there’s also collision insurance, which covers the damages borne out of, as the name implies, collision. This means if you hit another car, run into a lamppost, or create a hole the size of your car in another man’s house, it will be covered. As you may have noticed, these scenarios can easily be prevented if you drive defensively and safely. Usually, the rule in car insurance is to get the level of coverage that’s a step up of what you need, but if you feel like you can prevent all sorts of damages to your car, then you can settle for the cheapest one.

Know the coverage level that you need, and base the car insurance policy that you’ll get from it. If you want to play safe, then follow the car insurance rule. If you are very confident that you will not need to file a claim so you just get insurance so you don’t break the law, then get the cheapest insurance for your car. You can find a ton of quotes online.