By Ricky Lawrence
Now that you have made a car purchase, the next step to do is to get an auto insurance coverage. The question is, out of the thousands of companies offering automobile insurance, which one should you choose? How can you find the best auto insurance deal in the market? Below are some practical suggestions for you:
Gather free auto insurance quotes. Most insurance companies offer free auto insurance quotes which you can get online. By comparing quotations from various providers, you can get a better idea of what is a reasonable rate and what is not. Gathering free auto insurance quotes may require some of time, but all the time and effort you spend will surely be worth it.
Do your homework. To make sure that you are dealing with a legitimate and trustworthy insurance company, take time when doing some research. Use the internet to search for reviews or ratings of the leading car insurance companies. You can also ask friends, relatives or the people in your community for feedback and recommendations.
Call or visit the insurance company. When you have narrowed down your prospects, call the company and do some inquiries over the phone. By doing so, you can see how the company provides customer support firsthand. If possible, it would be great to visit the insurance company so you can personally address your questions to a representative. A reliable company should be willing to answer your questions especially with regard to the company’s policies.
Negotiate for a lower premium. Take note of the details from the free auto insurance quotes you collected. As you call each insurance company, negotiate for a lower premium. Let them know the rate you were offered from other providers and see if they would be willing to give you a much better offer.
Improve your personal credit score. While requesting for online quotes from insurers, notice that a higher credit rating is more likely to win you a lower rate and better deal. Therefore, knowing your exact credit score will you give an advantage when it comes to negotiating with a prospective insurance provider.
If you know that you have a high credit rating, do not hesitate to ask for a lower rate. Let your insurer know that you are a credit worthy customer. Use your credit history to your advantage since insurance companies will always prefer clients with good credit rather than clients with bad credit history.
Thursday, August 20, 2009
The Pros and Cons of Group Car Insurance
In the U.S., the principles of economics also apply to auto insurance. Basically, multiple transactions or purchases with the same supplier or company will yield lower prices. On the other hand, individual or single purchases will be much more expensive. The same also goes for group car insurance.
Many Americans who have bought insurance coverage in the past from auto insurance providers know that subtle changes in the economy can have great effects on how premiums go. When several providers vie for drivers’ interests, premiums are set to go down. However, the economic recession is reversing that trend. Lower credit limits and higher credit debts are forcing many insurance companies to raise premiums for many motorists.
Many industry experts contend that buying in bulk is oftentimes better than buying individually. This also goes for car insurance. To save money, companies and even families avail of group car insurance. By purchasing coverage for multiple drivers and vehicles, policyholders can actually save a lot on their insurance costs.
Most insurers give substantial discounts to groups that purchase car insurance by the bulk. Often called multi-car discounts, these special rates and promos are also extended by most providers to drivers who own different cars registered under the same name and address. These group car insurance policies also place other drivers in the household under its coverage.
Companies and business establishments that make use of service vehicles in their operations can also cut back on insurance expenses by simply availing of group car insurance. Many business owners know that the premiums they have to buy depend on the insurance companies’ assessment of their vehicles, the nature of their operations, and the risks that their drivers may present. With all these factors bound to affect insurance costs, many companies look for ways to slash expenses on their auto insurance.
While companies can avail of business car insurance, they can also get group insurance for the same vehicles or even their employees’ private vehicles. In the U.S., many business establishments and corporations offer comprehensive car insurance to their employees to persuade them to stay. Instead of a single payment, employees can pay for their insurance by salary deduction or staggered payments. Workers usually appreciate company perks like this because they no longer have to shell out a thousand dollars or more for insurance each year. With group insurance, they can get the coverage they need and pay for it at a lower cost with several payment methods.
By Ricky Lawrence
Many Americans who have bought insurance coverage in the past from auto insurance providers know that subtle changes in the economy can have great effects on how premiums go. When several providers vie for drivers’ interests, premiums are set to go down. However, the economic recession is reversing that trend. Lower credit limits and higher credit debts are forcing many insurance companies to raise premiums for many motorists.
Many industry experts contend that buying in bulk is oftentimes better than buying individually. This also goes for car insurance. To save money, companies and even families avail of group car insurance. By purchasing coverage for multiple drivers and vehicles, policyholders can actually save a lot on their insurance costs.
Most insurers give substantial discounts to groups that purchase car insurance by the bulk. Often called multi-car discounts, these special rates and promos are also extended by most providers to drivers who own different cars registered under the same name and address. These group car insurance policies also place other drivers in the household under its coverage.
Companies and business establishments that make use of service vehicles in their operations can also cut back on insurance expenses by simply availing of group car insurance. Many business owners know that the premiums they have to buy depend on the insurance companies’ assessment of their vehicles, the nature of their operations, and the risks that their drivers may present. With all these factors bound to affect insurance costs, many companies look for ways to slash expenses on their auto insurance.
While companies can avail of business car insurance, they can also get group insurance for the same vehicles or even their employees’ private vehicles. In the U.S., many business establishments and corporations offer comprehensive car insurance to their employees to persuade them to stay. Instead of a single payment, employees can pay for their insurance by salary deduction or staggered payments. Workers usually appreciate company perks like this because they no longer have to shell out a thousand dollars or more for insurance each year. With group insurance, they can get the coverage they need and pay for it at a lower cost with several payment methods.
By Ricky Lawrence
Labels:
business car insurance
When Do Insurers Give a High Risk Auto Insurance Quote?
By Ricky Lawrence
People who are perceived to be reckless drivers and those believed to be more prone to accidents on the road–such as the elderly or teenagers–are usually charged a higher premium by insurers. However, getting an affordable high risk auto insurance quote is still possible for those who are resourceful.
With the help of the internet, one can simply log on to websites of several insurers and research about the lowest premium that he can possibly get.
A driver may be classified as “high risk” by most surety companies based on several factors, including old age, bad driving record, and lack of experience in driving.
Most companies think that the elderly are less able to handle the rigors of driving because of their less-than-desirable health conditions. Their poorer eyesight and slower reflexes are usually believed to increase their chances of being in a road accident. Given this, insurers normally give them a high risk auto insurance quote instead of a quotation given to any regular car owner.
Someone with a bad driving record is also most likely to get only a high risk auto insurance quote. Surety firms calculate the appropriate premium to be charged a customer largely on the basis of risk. People who often have their driver’s license confiscated because of road-safety violations are considered risky individuals and, therefore, charged a higher amount of premium.
If a car owner wants to save on cost of coverage of his vehicle, he must avoid tainting his driving record with violations.
New drivers like teenagers are also perceived to have higher chances of meeting a vehicular accident. Their lack of experience in driving is seen as a threat to safety of their cars, themselves, and other people they may encounter on the road. Surety companies, therefore, also give them high risk auto insurance quote instead of a regular quotation.
Nonetheless, a person considered as high risk may find ways to somehow reduce cost of covering his automobile. Besides searching online for the best deal one can get, he may also employ some strategies that insurers may consider in giving out discounts.
Installing safety devices, like security alarms, on the vehicle will make it less prone to theft. Companies should deem this as a reason to cut the premium charged on the car owner.
Attending a refresher course on road safety may also help a vehicle owner get a lower cost of coverage.
Lastly, and most importantly, exercising discipline on the road and keeping oneself from anymore instances of recklessness and traffic violations will persuade a company to eventually take away a car owner out of the high-risk category.
People who are perceived to be reckless drivers and those believed to be more prone to accidents on the road–such as the elderly or teenagers–are usually charged a higher premium by insurers. However, getting an affordable high risk auto insurance quote is still possible for those who are resourceful.
With the help of the internet, one can simply log on to websites of several insurers and research about the lowest premium that he can possibly get.
A driver may be classified as “high risk” by most surety companies based on several factors, including old age, bad driving record, and lack of experience in driving.
Most companies think that the elderly are less able to handle the rigors of driving because of their less-than-desirable health conditions. Their poorer eyesight and slower reflexes are usually believed to increase their chances of being in a road accident. Given this, insurers normally give them a high risk auto insurance quote instead of a quotation given to any regular car owner.
Someone with a bad driving record is also most likely to get only a high risk auto insurance quote. Surety firms calculate the appropriate premium to be charged a customer largely on the basis of risk. People who often have their driver’s license confiscated because of road-safety violations are considered risky individuals and, therefore, charged a higher amount of premium.
If a car owner wants to save on cost of coverage of his vehicle, he must avoid tainting his driving record with violations.
New drivers like teenagers are also perceived to have higher chances of meeting a vehicular accident. Their lack of experience in driving is seen as a threat to safety of their cars, themselves, and other people they may encounter on the road. Surety companies, therefore, also give them high risk auto insurance quote instead of a regular quotation.
Nonetheless, a person considered as high risk may find ways to somehow reduce cost of covering his automobile. Besides searching online for the best deal one can get, he may also employ some strategies that insurers may consider in giving out discounts.
Installing safety devices, like security alarms, on the vehicle will make it less prone to theft. Companies should deem this as a reason to cut the premium charged on the car owner.
Attending a refresher course on road safety may also help a vehicle owner get a lower cost of coverage.
Lastly, and most importantly, exercising discipline on the road and keeping oneself from anymore instances of recklessness and traffic violations will persuade a company to eventually take away a car owner out of the high-risk category.
Labels:
auto insurance quote
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