Affordable Car Insurance – Factors to Consider

As soon as you start shopping for a car insurance company, you are flooded with “lowest rates” and “cheapest insurance” offers. Before you take the plunge consider some important factors that actually make car insurance affordable.

In order to have better control over rates, it is necessary to be careful in selecting the appropriate coverages and features that make your car insurance meet all your needs. It’s also important to look for an insurance company that gives you fair, prompt and reliable customer service at good rates. Affordable car insurance needn’t be a far fetched dream if you spend some time understanding your requirements before buying your policy.

State Laws– A good starting point is to know the minimum insurance cover you must have in accordance with your state laws. Car Insurance is mandatory in most US states and each has different requirements for the basic minimum coverage you need to carry in order to take your car on the road. Depending on your state law, you must devise an insurance plan that meets the basic requirements as well as covers other risks, which you may preempt, depending on the model of your car, your driving record, distance traveled, number of people using your car, etc; also take into account your other fellow drivers and what kind of coverages they usually carry. Every place has a different trend and it’s always good to be in the know so that you have an idea about the general claim figures doing the rounds. For example, the minimum state regulated requirements for Texas auto insurance cover $25,000 for bodily injury and property damage each, going up to $50,000 towards an accident. However, be prepared when you buy just this coverage you have only ensured that you are protected incase you are found at fault in an accident and the other driver claims from your car insurance. This gives you a rough idea about the liability amounts you should be purchasing. Always buy adequate coverage over and above the minimum liability to protect yourself too when you buy car insurance.

Know the present value of your car– The other important factor is to know the present value of your car. Your car insurance quotes would vary depending on the model of your car. For example, a Mitsubishi Lancer is going to be costlier in terms of repairs than the Honda Pilot. Similarly, there are cars which are charged higher premiums when it comes to safety features, theft, injury, repairs and collision claims. The simple equation here is; the safer (read lower risk) your car is, the more affordable will be your car insurance.

Some coverages you shouldn’t ignore – Additionally coverages like Uninsured/Underinsured Motorist, Comprehensive, Collision, and PIP should all be considered depending upon the age of your car and your specific requirements. Ideally it makes no sense to keep collision coverage once your car crosses 8 years. Similarly comprehensive coverage should be dropped once it’s over 10 years old. The logic is simple. Any claim you make from your insurance company at this stage will not be a very significant amount once factors like depreciation and deductibles are counted in. However if you feel you might not be able to bear out of pocket expenses to replace/ repair your damaged car, stick with these coverages. PIP is mandatory in some sates but is advisable to keep on your policy if even if it’s not in your state regulation list. The same goes for Uninsured/Underinsured Motorist coverages. These really come in handy if you get involved in a hit and run accident.

Check the reputation of the insurance company– Make sure you do a background check of the financial reputation of the company that you wish to get insured with; know their complaint index; read some testimonials about them. The last thing you want to do is go with a company that promises affordable car insurance, but finds every reason in the book to shortchange you on your claim.

Consider Additional benefits– Some companies offer plenty of other benefits in place of discounts that actually make for affordable car insurance. Benefits like lifetime car repair guarantee, 24/7 insurance claim hotline, waiver of the deductible for a “Not at Fault” Accident, first accident forgiveness, etc all actually save you more money in the long run.

Remember – It’s never a good idea to over or under insure your car because you end up losing money in the long term in both cases. In a nutshell, buy a car insurance policy that not only meets all your requirements but also offers an edge in terms of customer care. Tailor it to get affordable car insurance that is the best value for money policy for your dollars.

The Pleasure of Being Able to Have Car Insurance For One Week

For people who owns a car, getting an insurance for it is a matter to be given a deep thought. Everyone knows that car insurance costs high, yet, important. The idea behind this costly insurances is maybe because cars are expensive and this gives the reason why premiums are a very dear commodity. However, in this new age of car insurances, a new type of car policy is born! This is one of the short-term insure companies introduced and termed the car insurance for one week.

A car is only insured for a one-week period. With this short coverage, the user or buyer of this insurance is not being prompted with so much requirements, unlike the regular or normal car policy in which many documentary requisites are being asked to be prepared.

A short-term policy for one week is the best choice for people who are renting cars for a short travel or a tour. This kind of insurance is also advisable for those who runs a rent-a-car business, those who intends to borrow a car from friends or relatives for short drives, or for those who are still in quandary as to which regular car insurance they want to avail of but needs to use their cars. While still shopping for better insurance coverage suitable for their needs, these people can take this short-term insurance and enjoy the use of their cars.

Using a car, even for a short time, needs an insurance to cover it and its use. An insurance coverage is required to secure the driver, the car and its passengers from any incidents or accidents that may happen while using the car. Getting this car insurance for one week covers these things, too.

Like any other insurances, this type of insurance is also costly. Depending on the coverage anyone chooses, this type of short-term insurance costs a bit higher than the normal or regular car insurances. Other people do not take good interest in this type of insurance for reason that it is highly priced or expensive. However, giving considerations on the benefits that car insurance for one week has offered, any safety-conscious user need not question its price or cost.

In the field of insurance nowadays, this type of short-term insurance is an effective, simple and easy-to-buy car insurance policy. All insurance companies are now offering this kind of insurance for they find this new type effective and beneficial, and so does the user.

Yet, it must be borne in mind that a good insurance is one that gives out a policy that best provides the exact needs of the insured. And for this, it is still wise to ask the advise and recommendations of the experts.

A Guide To Classic Car Insurance

Classic car insurance policies and requirements have changed over the last few years. Because the new models are very high-tech, older cars, usually over 15 years old, now fit into the category previously reserved for vintage cars. These cars are usually in collections and rarely driven, but classic car insurance may cover some cars that are still used regularly. Fewer people are buying new cars in the economic downturn of the last several years, and 50 percent of the cars on the road qualify for classic car insurance. For the owner of an old car, it is worth searching insurance companies online to see if they qualify for the lower premiums.

In the past, the restrictions for classic car insurance included specific qualifications for type, make, model and age of the car. Often specialist insurance brokers were the only companies that insured vintage cars. Today, the larger insurance companies are taking advantage of the large amount of automobiles that come under the previously exclusive parameters.

Classic car insurance was always less expensive than the regular insurance because the cars were so little used. Now that there is so much competition among insurance companies to get customers, the prices are getting even lower.

As with any major investment, it is better to research all options before choosing classic car insurance. There are restrictions for the amount the vehicle can be driven, which may make this type of insurance impossible for some. The amount varies with insurance company, but it can be as little as 3,000 miles per year. This will not be sufficient for those who commute to work or like to travel distances to visit friends and family. These details and more need to be ascertained before a policy is chosen because often the restrictive conditions don’t become clear until there is an accident and a claim is made. At this point, it is too late to get coverage for damage.

Another aspect of classic car insurance to consider is the lifestyle of the car owner. The premiums are often adjusted according to the age and gender of the owner. Policies for women and older people tend to be less expensive. Insurance companies also vary quotes according to the age of the owner. Some will give classic car insurance to people as young as 21 years, and some will not give unless the owner is over 25 years.

Most old cars do not have very high resale value and do not warrant classic car coverage, even if they qualify under the requirements. For these cars, an ordinary automobile insurance policy would probably be less expensive. Mainstream companies can offer discounts, especially to customers online, and special offers that Classic Car Insurance providers cannot.

Whichever type you choose, be very careful to understand the terms and conditions, so there are no surprises at the time you need to make a claim. A policy that seem good and is inexpensive may not give all the coverage you need. Automobile insurance should serve your needs without being costly.