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Monday, January 2, 2017 @ 08:01 PM
posted by Auto Insurance

Uninsured motorist coverage: Why you should have it

Would you be covered if you got into an accident with another driver that was uninsured / or under insured? Would your insurance cover you? The answer is most likely yes if you own an uninsured/underinsured motorist plan (UM/UIM). Most experts in the insurance industry recommend having uninsured motorist coverage. As much as 25% of drivers in some states are uninsured, so be careful and get the coverage you need. If you’re driving an expensive vehicle this coverage is almost a must.
What is UM or UIM?
Underinsured or uninsured motorist coverage may cover the costs of injuries to you and your passengers possibly even property damage that may occur when you are in an accident with another driver and that driver is at fault but is underinsured or uninsured.
The term “Underinsured Driver” is a person that met the minimum requirements for legal financial responsibility and did not have coverage limits large enough to pay for damages caused by their vehicle.
The term “Uninsured Driver” is a person with no insurance, had an insufficient ¬¬¬¬¬policy to meet state mandated minimum requirements, or their claim was deinied coverage by their insurance carrier or was not able to meet financial responsibilities. In hit and run accidents the driver counts as an uninsured as relating to (UMBI) bodily injuries. In these situations UM or UIM may pay you for the damages you incurred. Keep in mind that these are two separate types of coverage, in many states they must or may be purchased together.
Is UM/UIM a requirement?
Not in most states. Only a small number of states mandate the purchase of UM/UIM. If you purchase either one of these types of coverage your payout limits must usually comply with state mandated minimums but cannot go over your liability limits. If the state you live in allows (UMPD) or Uninsured motorist property damage coverage, it is not purchasable without UMBI .
For low cost Uninsured motorist coverage just choose your state and click on the get quotes button located on our sidebar.

Friday, February 17, 2012 @ 11:02 PM
posted by Auto Insurance

Tips on Dealing with Insurance Companies

Dealing with car insurance companies can be extremely frustrating, but you need to know how to handle them. You want to make sure that you are with a great company that is going to fit you well and that is going to take you and help you if you are in an accident. Learn these tips on how to handle the insurance companies for your car insurance when you need them the most.

  • Health Insurance Choices
  • If you have a ton of medical bills, you want to get help on paying them. Your insurance company may deny your claim the first time, but you want to resubmit it. You want to make sure that you are getting the best choices out there and that your auto insurance company is working with you so that your medical bills are being paid for. There are many health insurance companies out there that will take great care of you, read information on claims and be sure that these companies you are looking at working with are the best that are out there for you.

  • Auto Insurance Companies
  • Make sure that your car insurance company is all about you. You want to make sure that you are getting a great policy, that your policy makes sense, and that you know what the fine print says. Stay on top of everything and get a great policy. Don’t be afraid to shop around and to be sure that you are getting the best deal. Always be sure that you have your policy handy so that if you are in an accident, it can be well taken care of. There are many companies that you can take advantage of and that are going to take great care of you.

  • Homeowner’s Insurance Companies
  • If there is a disaster that affects your home, you need to use your homeowner’s insurance. This is coverage that is here to protect you and help you in the event that your home is damaged or destroyed. Your homeowner’s policy will cover a lot, you need to take photos of the damage and send in the claim. You will be sure that you pay your deductible and that you get what makes the most sense for you These companies should be able to help you get what you need out of your homeowner’s claim and help you get on with your life in a reasonable amount of time.

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    Thursday, February 9, 2012 @ 09:02 PM
    posted by Auto Insurance

    Myths and Facts on Teenage Drivers and Auto Insurance

    Teenage drivers pose the greatest risk of loss when compared to older, more experienced drivers. Auto Insurance companies base their rates on risk. When we are adults, they take our driving records to calculate how likely a person or group of people is to file a claim. However, with teenage drivers, the lack of experience and statistics proving a higher rate of loss for these drivers force the auto insurance companies to charge more for their coverage.

  • Teenage Drivers Are in More Accidents
  • People in the 16 to 19 age bracket are the highest risk class for auto accidents. There are many risk factors that make teenagers more dangerous. These risk factors make include lack of experience, lack of skill, distractions, and risky behaviors that teenagers partake in.

  • Teenage Drivers are Considered Unsafe
  • The good news is that some of the teenagers that drive will go through their whole driving time as a teen without an accident or even a ticket. For the most part, however, these drivers are all lumped together as unsafe drivers and have to prove that they aren’t. There are discounts for teens that drive safe and for teens that have good grades so that their car insurance rates can be lower.

  • Rates for Auto Insurance for Teenage Drivers
  • Since it is known that teenage drivers are much more dangerous, you will find that their car insurance is usually more expensive. Sometimes, a teen rate can be the same as insuring two adults. Your auto insurance rates may significantly increase as your teenage driver is added to your policy, so beware of that.

  • Teen Driver Rates aren’t Negotiable
  • You aren’t going to be able to do much to lower the rates for your teenager. Aside from taking advantage of things like a multi-line discounts and good grade discounts, the rates are the rates. Brace yourself for the price that your teens are going to cost you for insurance.

  • The Car You Drive Makes a Difference
  • You will find that even as a teenager driver, the model of car that you drive is going to make a huge difference. The more luxurious the car, the more that it is going to cost you to get auto insurance. You need to make sure that you are getting the best rates, so you may want to make sure that your teenager buys a reasonable car that is an affordable year, make, and model.

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    Thursday, February 9, 2012 @ 09:02 PM
    posted by Auto Insurance

    How Can a Young Driver Reduce a Car Insurance Premium?

    When you are trying to insure a young driver, it is extremely expensive; you want to do everything that you can to lower these rates. You will find that these rates are going to be high between the ages of 16 and 24. But, the good news is, there are ways that you can reduce the price of insurance for young drivers, check it out to make sure that you know what you need to do to save money. Here are a few great ways that you can lower the rates on your teenage driver’s car insurance rates.

    1. Look at Classes to Lower Rates

    Taking certain classes will allow you to get lower rates for your teenage driver’s car insurance rates. There are all kinds of defensive driving classes and driver’s education classes that will lower the rates. You will see that there is a link between accidents in the future and the courses that these teens are taking. Make sure that you are checking with your insurance company to see if they will take the course for the institution that you are thinking about having them complete.

    1. Getting Good Grades

    With car insurance, there is a link between good drivers and good grades. You want to make sure that your teenagers are keeping their grades up, they can even take advantage of these discounts all the way through college. You need a B average to get these rates and they will generally save you between 5 and 10 percent of the premium that you are paying for your younger drivers. That is well worth it when premiums can be upwards of $200 a month. Make sure that you are taking advantage of all of these rates and saving money on this.

    1. GPS Devices to Track Teenagers

    Aside from being a nosey parent and wanting to know where your children are at all times, you can actually save money on car insurance when you install a GPS tracker on your teenager’s vehicle. You will find that doing this can actually save you between 10 and 15 percent on your auto insurance policy. Combining that with some of the other discounts that are out there will save you a ton of money and will help you get the best rates tht are affordable to you. Make sure that you are checking these out and getting what makes the most sense for your situation.



    Thursday, February 9, 2012 @ 08:02 PM
    posted by Auto Insurance

    Insurance Rate Factors

    Insurance is all based off of risk factors and events that happen. An insurance company is a business that is able to help take risk off of individuals and transfer the risk to a larger entity. To ensure that they are still profitable, these companies have to assess risks to manage what they are making and what they are losing. Understanding how this works will make it really easy for you to get how the rates work and make sure that you are getting the lowest rates that are out there for your insurance.

    • Classifications Based on Tiers

    All of the rate factors that the insurance companies look at are actually based off of a computer-method that uses analysis to determine characteristics. These characteristics are provided based off of degrees of risk. There are a ton of different policies that are out there and all of these are classified in a different way and with a different risk factor. With a tier classification system, these carriers are able to give categories of risk that are based off of the factors of the rate. You will find that rate classes include something like preferred, standard, and super preferred, or something like that, these are used in the life insurance sector of the insurance industry.

    • Claims History and Rates

    You will find that the rates will also depend on the claims that have filed. This can be looked at in one of two ways, you will find that a group may be rated based off of their loss history or an individual may too. Private claim histories will increase individual rates within a group rate, and it is important to understand that. Your claim history is easily traced to you, it includes your social security number, date of birth, type of claim, and when the claim was filed.

    • Credit Scores and Rates

    Your credit score is going to be a big factor in the rate classes of the insurance companies. Make sure that your business or you personally have good credit. They find that there is a link between people’s good credit score and the number of claims that they make for insurance. This is just one of the reasons why it is so important for you to look at your credit report and to know what is on it. Your insurance rates will be higher if it is found that you have a poor credit score.

    Thursday, February 9, 2012 @ 08:02 PM
    posted by Auto Insurance

    How to Reduce Automobile Insurance Rates

    It isn’t impossible to get a lower rate on your car insurance policy. In fact, if you are willing to do a little bit of research, it is easier than you could have imagined. You need to take a look at a few factors and determine what discounts are and how you can get rid of the coverage that you don’t need. You just want to be careful when you are looking at discount rates and make sure that you are going with a company that is stable.

    • Get Rid of Unnecessary Coverage

    There are pieces of your insurance coverage that you just don’t need to have. Roadside assistance may be something that you feel you don’t need to pay for. Or, you can go down to very basic coverage and get just property damage and property liability.

    • Look for Discounts on Your Current Policy

    You may find that looking through your policy that there are discounts that you can take advantage of. Check to see if you can get discounts for being accident safe, for having multiple vehicles, and for getting good grades. All of these discounts are great things for you to take advantage of.

    • Raise Your Deductibles Up

    Take your deductibles and raise them up as high as you can. This is going to cost you if you get in an accident and have to pay the deductible, but that will only be if you are at fault. Going up to a $1000 deductible may save you enough in premium that you could afford to pay the difference if you were to get in an accident.

    • Lower the Miles that you Drive

    The less miles you drive, the better rate you are going to get. Sometimes, the less miles that you drive the better. You may get a discount if you drive less miles because you are less of a risk the less that you are on the road. Be mindful of your miles.

    • Keep Your Credit Score High

    Your credit score is more important in getting you a great insurance rates, you want to keep your credit score up to get the lower rates. There is a correlation between fewer claims and better credit scores. Make sure that you are looking your credit report over so that you can see if there are any errors or if everything is accurate so you get the best rates.

    Thursday, February 9, 2012 @ 08:02 PM
    posted by Auto Insurance

    How to Get Discount Automobile Insurance

    If you think that you are overpaying for your automobile insurance, you may be. It is important to make sure that you are getting the best deals for your car insurance and here are a few tips to taking advantage of the lowest rates that are out there.

    • Watch Your Credit

    A lot of people don’t know that car insurance and your credit are linked together. To get low rates on your auto insurance, you need to have good credit. Today, the Fair Credit Reporting Act allows the companies issuing auto insurance to determine your rating class and offer your rate.

    • Safe Driving Classes Save You Money

    You will find that with a safe driver’s class, you can save money on your car insurance. However, before you do take a class like this you want to make sure that you are speaking to the insurance company so that you know if they are going to recognize the company that you are using. Don’t take the class and find out that it can’t count.

    • Combine Your Homeowners or Renters with Auto Insurance

    You will find that when you combine policies like your homeowners and your car insurance policy you can actually save a lot of money. This is a great idea and is going to ensure that you get what makes the most sense for you in terms of a quality policy and a cheaper rate.

    • Raise Your Deductibles

    If saving money on your auto insurance is something that you need to do, make sure that you are raising your deductibles. The higher the deductible, the lower the cost of your insurance. You just want to make sure that you keep in mind that your charges for an accident will be higher that you are going to have to put out of pocket.

    • If You Have Children, Watch Their Grades

    If your children are getting good grades, you are going to get cheaper auto insurance rates. Companies will offer discounts for students that have a B average or better. So, more incentive for those good grades.

    • Ask About Discounts

    There are all kinds of discounts out there for auto insurance that you probably don’t even know about. Ask for things like a senior citizen discount or even a military discount, you may find that there is one out there for you that you can take advantage of.

    Thursday, February 9, 2012 @ 08:02 PM
    posted by Auto Insurance

    Factors that Affect Care Insurance Rates

    You will find that even though each company out there that sells auto insurance and options for the rates that you can get.  You will find that there are many factors that go into rates and it is important to understand what can raise or lower your rate so that you know.  Be sure that you are always shopping around to find the best choice out there for you.

    • Type of Car You Drive

    When you are getting car insurance rates, the make and model of your vehicle will come into play.  This will be an important factor in determining your rates.  The more luxury model of car you are driving, the more expensive it will be.

    • Uses Of Your Vehicle

    Not only do the miles that you drive determine the rate, but also the use of the vehicle.  You are going to find that if you drive more in rush hour in a large city, that is going to be a higher rate than if you are cruising for fun in the country. 

    • Credit is a Huge Factor

    Your credit will affect your rates.  You want to make sure that you are getting the best rates out there, so you need to have good credit.  Credit is a factor that will affect your rates and can make a big difference with them.

    • The Type of Coverage You Get

    The more comprehensive coverage that you get, obviously the more expensive that is going to be.  Make sure you know what is required in your state and what is required in terms of if you have a loan on your policy.

    • Know Your Deductibles

    You can actually save a lot of money on your car insurance if you bump your deductibles up.  Don’t be scared to do this, it will put you at risk for more out of pocket expenses.  However, you will be saving that much more a month that it will probably even out in the end.

    • Exclude Drivers in Your Household

    If there are people that live in your household, but don’t drive your car, you need to exclude them off your policy.  You will find that when you have a household of drivers, they may be on your policy and causing you to pay more.

    • Life Changing Events

    Events in your life actually make you a safer driver.  You will see that certain age milestones will save you money, or even getting married.  Make sure you understand these milestones.

    Thursday, February 9, 2012 @ 08:02 PM
    posted by Auto Insurance

    10 Ways to Save on Car Insurance

    Car insurance is something that you have to have, and as a responsible member of society, you need to make sure that you have it. It is mandatory to have car insurance in every state. However, it can be expensive to have this coverage, so be sure that you know the best tips for saving money on it.

    • Shop Around for the Best Rates

    Don’t assume that the first rate you are getting is the best one for your car insurance. You want to check out different companies, they offer different rates. However, when you are shopping, be sure that you are looking to see who they are with and what their rating is so that you are getting insurance with a high quality company that has an A-rating.

    • Make Sure You Mind Your Credit Score

    Your credit is a huge part of getting the best rate on your car insurance. You will find that there is a proven link between bad credit and more claims on your auto insurance. So, they have found that the better your credit is, the more cautious that you tend to be when you are driving.

    • Taking Advantage of Discounts

    You can also get car insurance discounts for your policies. Make sure that you are checking all of these out. You can do things like taking safe driver courses or defensive driving courses so that you can save money on that. There are also other discounts to check out like military discounts or senior citizen discounts. Or, the multi-line discount is a great way to save money.

    • Raise Your Deductible

    The higher your deductible, the lower your premium, this will save you money. You will probably find too that the money you are saving will still be more than if you had to pay that deductible in the event of an accident.

    • Your Car Model

    Some cars cost more to insure than others. Your luxury cars are always going to cost more than the other models. Be sure that you are looking into this when you are car shopping and get the lowest rates with certain models.

    • Extra Features on your Policy

    Little things like your rental car, your roadside assistance and that sort of thing will add money to your policy. Take them off, you probably don’t need them and chances are you may have not even known they were on your policy.

    • Stay with the Same Company

    You can get loyalty discounts with your companies, so don’t just run away from them every time. See what they will offer as a loyalty discount to you.

    • The Method of Payment

    If you pay your car insurance directly out of your checking account, you will save money. It is also this way if you pay annually. Be sure that you are looking into these discounts.

    Thursday, February 9, 2012 @ 07:02 PM
    posted by Auto Insurance

    Is Auto Insurance A Requirement For A Learner’s Permit?

    A driving learners permit is a legal document that allows an unlicensed person to drive a vehicle to practice for the actual driver’s license exam. Now that we know exactly what a learners permit is, the answer is yes. Anyone driving the vehicle must be covered by an auto insurance policy. The car owner’s insurance policy will typically cover persons with a learner’s permit. Most often, the policy holder must be in the car with the permitted driver. These rules can vary by auto insurance company or policy. Verifying coverage with the insurance company is the only sure way to safe.

    Proof of auto insurance and financial responsibility is required in all fifty states when operating an automobile. Most new drivers are teenagers, and most times they are covered under their parent’s auto insurance. However, all teen drivers learning to drive with a learners permit must have an accompanying adult licensed driver in the front seat at all times. Remember to ALWAYS check with your insurance company to learn how best to cover new and permitted drivers. To keep your auto insurance premiums low, you should always maintain a good driving record. There are several consequences if caught driving under the influence of drugs or alcohol with a learners permit. They include not being able to get a driver’s license until you reach age 18 or even 21 in some states, the vehicle owner losing their insurance or hefty premium increases. Focus on the road, follow the speed limit, and obey all state driving laws. Following these guidelines will provide a better learning experience behind the wheel of an automobile, and also prepare you for a long and safe driving career.