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Selecting Car Insurance

A comprehensive car insurance policy covers the owner’s damages as well as the damages of the third parties who suffer loss due to collision. If your car is new then never commit the mistake of getting only third party insurance done, which is mandatory to have by the Indian law, as repair costs in case of accidents can be steep. Also, there are many add-ons over the regular OD (own damage) section of comprehensive car insurance policy that one should consider while selecting a plan. Important add-ons are:

• Depreciation Reimbursement: The depreciation on parts that have to be replaced because of damage is waived off under this add-on.

• Return to Invoice: The insurance company pays the difference between the claim admissible and the sale invoice price of the vehicle or new replacement value of the same make and model, whichever is less.

• No Claim Bonus Protection: NCB of over 25{4ab1f3bb204e007a8099ed651b8b253745bae8dad9d0f11ee02730a20669795c} is earned on a new vehicle or by no claims in previous two years. This NCB is protected under this

Car Insurance Areas of Coverage

1. Liability Insurance Of all of the types of auto insurance available to drivers today, this is the most important. In fact, several states mandate that drivers cover this insurance, at a minimum. However, the required policies are generally much too little to actually protect a driver should he or she be found negligent in an accident. Consider the fact that a minimum policy may provide only $5000 in vehicle repair coverage. If the negligent party caused an accident that resulted in a newer vehicle being totaled, the damage totals could reach upwards of $40-$50 thousand dollars. It is easy to see how one can quickly become financially strapped, especially if forced to go to court. In order to better understand the level of liability insurance that should be purchased, one must first know of the two types of liability insurance:

Bodily Injury Liability: Minimum requirements for this type of coverage are generally listed at the lesser of $15,000 per person or $30,000 per accident. That is to say that the insurance company will cover this much of the medical

Factors That Affect Insurance Premium

Age, Address, and Occupation:

Auto insurance companies look for relevant personal information about the driver to make the quote. Young or teenage drivers have very little experience on the road, while senior drivers have a visual impairment; both of them show signs of higher risk. At the same time, a neighborhood where crime rate is quite high relates to the likelihood of theft and vandalism. Some insurers relate occupations with the possibility of accidents. Stressful jobs such as public relation officers and real estate agents can be the factors that increase premium rate.

Credit Score:

Many insurers still use applicants’ credit score information to determine approval and price. A person with bad credit score tends to lapse payment due to financial difficulties. Because carrier needs assurance, the policyholder must pay more to cover the possibility of skipping payment.

Coverage:

In addition to states’ minimum liability requirements, there are optional coverage options. Every auto insurance company has different prices for optional purchases such as Collision, Comprehensive, Rental Reimbursement, and Roadside Assistant. Policyholders can choose not

Info Vehicle Insurance Basics

The type of policy you have is written out in detail in the declaration page, so make sure you always read it and understand the exact coverage you have. It’s always smart to go through your policy thoroughly and make sure you don’t have any overlapping items, such as rental insurance. This is often covered on your credit card agreement, so you might just be wasting money having it. Remember, you can always upgrade your insurance and cancel it anytime.

What does automobile insurance cover?

This is a common question new customers always ask agents. The answer is, it depends on the plan and policy type you buy.

There are four main categories of protection.

* Liability Insurance

This covers injuries to the other party, damage to their vehicle and also property damages. If you have a vehicle not worth very much and you don’t drive too often, liability only insurance may make sense. It is much cheaper than comprehensive, with pricing in some states starting at $29 for good drivers.

* Collision Insurance

This will pay for damage and medical costs pertaining to you. It’s smart to buy it if

Ways to Save on Car Insurance

1. Compare Policy Rates

Prices differ significantly from company to company. Take the time to explore as many options as you can before deciding on one.

2. Choose the Higher Deductible

If you can afford it, choose the higher deductible and pay less each month for coverage. A deductible is the amount you have to pay before your provider will cover the rest of your bill. A higher deductible can significantly lower your monthly bill.

3. Consider Carpooling

The less you drive, the less insurance companies charge you.

4. Buy Only What You Need

What you need for a new model is different than what you need for an older automobile. If your car is an older design, it might warrant you dropping the collision coverage.

5. Combine Your Homeowners/renters Policy

Combining other policies with your car insurance is an effective way to get the most discounts. Car insurance is considered the riskiest investment, but if you combine it with a safer investment, your monthly bill will go down.

Cheap Comprehensive Insurance

* Vehicle Theft

One of the main reasons people buy this type of insurance is protecting the value of their car, in the event it is stolen. Automobile thefts are escalating and not just for expensive luxury cars. Take a look at the top 10 most stolen vehicle list, and you will see Honda Accords, Civics, and even the Toyota Camry. If you park your car on the street in an urban area, you should strongly consider adding full cover auto insurance on your policy.

* Glass Breakage

Have you ever cruised behind a dump or garbage truck only to have something come flying at your windshield at 60+ MPH? Probably so and for many people, it happens every year or two. This is yet another reason why comprehensive ins might make sense to you. Under this plan, if your windshield is busted, you can get it replaced. You will have to pay a deductible, though.

* Animal Damage

Believe it or not, thousands of automobiles get hit by animals each year, hard enough to cause vehicular damage. Even large dogs can strike a car and cause dents, not to mention a 600-pound

Drive Safe in the Rain and Avoid Insurance Liability

• Prior to setting out on your commute from home or business, confirm that your vehicle registration as well as auto insurance is not expired. It’s a good idea to also review your policy with an experienced independent agent to see if you have tailored protection for your needs.

• While your automobile is in motion, keep your hands firmly upon the steering wheel in the ten and twelve positions.

• Holding onto a cell phone or any other device while driving is a big safety hazard anytime, all the more so when driving under adverse weather conditions.

• Make sure your windshield window is clear and that your driving vision is as clear as possible.

• Consider the other driver’s safe vision by keeping your car’s headlights turned on.

• Always keep a safe distance between your vehicle and the one ahead of you by following the five car or one second driving distance rule so as to minimize the chances of a collision due to the front car’s sudden or abrupt stop.

• In the event your windshield window gets enveloped in a veil of fog, turn on your

Way to Save Money on Auto Insurance

Take physical damage coverage off your older vehicle. If you carry “Comprehensive” and “Collision” coverage on a vehicle that is over 10 years old, go to the websites for NADA or Kelly Blue Book and check out the vehicles current market value. You may be surprised to learn that you’re spending hundreds of dollars per year for coverage on a vehicle where the return on a total loss may not be a cost- effective investment. Be sure to add however a coverage called “UMPD” that will give you coverage for the market value of your vehicle if it becomes a total loss when in an accident caused by an uninsured motorist.

Increase your physical damage deductibles. The amount that you are responsible to pay when you have been in an accident that causes damage to your vehicle or when your car is stolen or any other covered cause of loss should probably be increased. On average, if you are a good driver, you will probably have a covered loss once in seven years or less so you may be spending hundreds of dollars per year for coverage used infrequently. Get the best value by increasing your physical

Classic Car Insurance

To this type of auto fan, it becomes an obsession that should flood his or her free moments – especially weekend time. So, for all of you that insurance companies write policies for – this is for you and your wonderful craze!

Exceptional Fun Facts for the Antique and Classic Car Lover

• Do you know the difference between the automobile term, horseless carriage, and the term vintage car? A horseless carriage is in reference to the antique cars that went public from 1896 to 1915 and a vintage car refers to cars made between the years 1916 and 1925.

• See if you can guess this one! How many Barracuda convertible cars were produced in all? The grand total will set you reeling: there were seven in all!

• If you managed to come up with the answer to the above, see how well you do on this one. How many 1940 Dual-Cowl Phaetons did the manufacturing auto company produce in all? The modest answer is six!

• The great and oftentimes revered Mustang car was initially presented by its manufacturer in the year 1964.

• Though car fans usually are

Don’t Mess With Car Insurance

1. Analyze your coverage

Understand and analyze your coverage. Make sure you cover your car adequately. We are not advising you to be covered insufficiently, however paying huge premiums also does not really make sense. For Example, third-party car insurance is mandatory by law. If your car meets with an accident, coverage is guaranteed to the third party only in the event of bodily injuries, permanent disability, and accidental death. What happens to your car now? In this case your assets could be at risk if it had to be a major accident. Hence going for a comprehensive insurance would now make sense to avoid the major repair expenses.

2. Go Shopping
With the variety of Insurance companies available, you can narrow down your search of selecting the correct insurance policy as per your requirement. Some online insurance portals like Coverfox.com provide good comparison of different insurers on the basis of premium, cashless garages, claim settlement ratio etc. By comparing the car insurance policies you save a lot of money since this involves less paper work. You also get a wider range of products. So compare car insurance and give a thumps-up for your wise decision.

Info Terms and Conditions of Auto Insurance

An insurance covers the policyholder and in most cases it covers other people who use the car or the driver. However if the car gets into an accident which is not in the interest of the policyholder, or in violation with the agreement between the policyholder and the insurance company, the insurance policy will not cover the damages from such accident.

In instances where the insured vehicle gets sold to another person, the new owner is covered by the third party liability Insurance and also by the comprehensive car insurance policy (if there is any) within a period of 3 weeks after the change of ownership. When there is a new active insurance policy, all deductibles under the insurance will be paid by the new car owner.

Auto insurance does not cover damage to vehicles in company possession for purpose of sale

Depending on the car insurance policy agreement between you and your insurance company, there might not be a need for you to notify them when the terms in the policy agreement changed. The consequence of refusal to notify the insurance might be forfeiture indemnity and compensation if an accident occurs or reduction of

Story of the Uninsured Driver

When Sally was hit from behind she sustained serious injuries. She was able to utilize her own auto insurance policy to pay for medical costs because the state where the accident happened was a no fault state. Essentially, this means that almost every insurance policy must provide any drivers or passengers in the insured vehicle medical payments coverage up to $50,000. This coverage is commonly referred to personal injury protection, or PIP. A policyholder can purchase more PIP coverage above and beyond the standard $50K if they so choose. In Sally’s case, her policy only afforded her $50,000 of personal injury protection at the time.

After she exhausted her PIP coverage, she met with a lawyer about suing Jimmy for pain and suffering and making a claim on Jimmy’s policy, but Jimmy was driving uninsured at the time! Even still, Sally decided to sue Jimmy after all and go after his personal assets. After a lengthy court battle, Sally’s pain and suffering was valued at about $200,000 by a court of law and a judgement was issued against Jimmy. To Sally’s chagrin, Jimmy had no assets so his wages were set to be garnished whenever he got

Tricks Save on Car Insurance Premiums

When buying motor insurance you should compare quotes of the different insurance companies. This is the most convenient way to zero down on the best policy. You can find insurance quotes online which makes your search hassle free. To get car insurance online, make sure that you are getting the best value for your money.

You can save money if you insure more than one vehicle with the same insurance company. In this way, you can save money on each policy and this helps to save on the premium.

There is a general thumb rule for most insurance policies which says the higher your deductible is, the lower your premium will be. So, as long as you can afford to incur some loss from your pocket, you should opt for high deductibles.

You can always get hold of your car insurance policy along with the other insurance policies that you need to buy. While doing so, the chances of getting a good discount from the insurers increase and help you to save money.

Driving carefully and meticulously is one of the best ways to reduce premiums. If you drive well and follow all the

About Driving Without Insurance

1. Bodily Injury Liability: a driver who causes an accident (the at-fault party) must cover all medical cost for the treatment of non at-fault party. Treatment and rehabilitation for physical injuries can cost a lot of money on the at-fault’s part without this coverage.

2. Property Damage Liability: the at-fault party should be responsible for vehicle/property damages as well. The cost for vehicle repair or replacement is the at-fault’s burden to bear. The coverage helps cover the expenses.

Liability insurance does not cover medical treatment and vehicle repair for the at-fault’s part. Drivers have to understand that one of the main purposes of auto insurance is to show that they are responsible for any accident that they may cause while they are driving.

Beyond the Road

Auto insurance is not just mandatory requirement by the state. Many (if not all) lenders are reluctant to finance a vehicle unless the borrower agrees to purchase at least minimum coverage requirement. In some cases, lenders also need some optional coverage types such as Collision and Comprehensive to protect the value of the vehicle in the event of both collision and non-collision crashes.

· Collision: in the

Avoid Accidents on the Road

Speed kills

Most people believe that they are invincible when in their cars, which is why so many of us drive over the speed limit. Unfortunately, speed significantly increases your chances of causing an accident. Not only could you lose control of the car, but you will also have much less time to react should anything happen in front of you, such as another car slowing down as a result of an obstruction. No matter how good you think your reflexes are, driving over the speed limit is never a good idea. Remember that you are not only putting yourself at risk, but other drivers on the road too.

Due to the fact that women tend to stick to the speed limit, women’s car insurance is generally much cheaper than car insurance for men.

Use your indicator

Yes, it does make an annoying noise that is enough to drive anyone crazy if they have been sitting in traffic for a while. But the fact remains that your indicator is there for a reason. While it is essential to use when turning corners, it is even more necessary when changing lanes. Even if you think

Auto Insurance Premiums Are Very Costly

Some of the things that determine how much you pay for auto insurance are listed below.

• What Type of Vehicle you Drive
There is a clear difference between makes and models of cars in regard to safety. Moreover, higher-end cars attached to a bigger price tag are more attractive to car thieves and are more expensive to replace; they are also more expensive to fix after an accident.

• Your Address
If you live in a place that has a higher crime rate, your premium will reflect the risk of theft. If you locality has proportionately more auto accidents and submitted claims, it will have an effect on your premium as well.

• How You Use Your Car
If you use your car for the commute to and from the workplace or use it for business purposes, you’ll find that you will have a higher premium than those that drive just to go to the grocer or for leisure trips.

• If You Are a Good Driver
If you never have gotten a driving ticket or never been an accident, you will have a lower insurance rate than those who have a less

Essential Car Insurance Facts

Auto insurance rates in Alberta are determined by a variety of factors:

  • Your gender and age
  • Your driving experience
  • Type of vehicle you drive
  • Location and use of your vehicle
  • Your driving record
  • The amount of coverage you’ve selected

How to get the Cheapest Auto Insurance in Alberta

Compare rates among various companies and don’t feel like you must stick with the insurers your parents used. There are many insurance providers available, and often they use competitive pricing, meaning different providers may offer the same policies at greatly different prices. Talk to a broker (who compares auto insurance rates in Calgary for you) or use online tools to see where you can get the best rate for the coverage that is right for you. As well, reading auto insurance reviews will help you avoid unexpected issues. Search online for opinions using blogs and forums.

Sometimes you can get better rates if you bypass the broker or agent and deal with a direct insurer, like Belairdirect or TD Insurance.

Use rate tools and calculators. For instance, if your credit card includes rental car protection, you can save 20 per cent by paying with it. You can use a credit

Mobile Telematics Are Making Our Roads Safer

These are all common mantras one hears in most conversations surrounding mobile devices and car use. And with good reason; often, those who utilize their phones while driving are doing so at the expense of paying attention to the road, endangering their own lives and the lives of those around them.

But what if it were possible to use mobile devices safely in the car? Better yet. What if it were possible for mobile phones and tablets to actively make driving, well, safer?

Sound too good to be true? It isn’t — all thanks to the rising tide of mobile telematics solutions that allow auto insurance companies to engage with their customers like never before. Mobile telematics solutions harness the power of portable, everyday devices, such as smartphones, smartwatches, and tablets in order to meet customers on “their territory”. These applications, according to Intellimec, offer “a unique opportunity to transform [… ] The market by leveraging technology the majority of consumers already have”. After all, the vast majority of drivers already owns at least one of these devices and use them daily in order to maintain communication, consume news and entertainment, and even regulate multiple social

Info of Car Insurance or Vehicle Insurance

Broadly, car insurance policies cover six high risk categories, the premium payouts are based on the pricing for each of these separately.

• Accident or collision cover
• Bodily injury liability
• Comprehensive
• Medical
• Property damage liability
• Uninsured motorists’ coverage

Accident cover or collision cover – provides accident and injury coverage for policy holder if he sustains injury while travelling in an insured vehicle, along with damages to the insured vehicle.

Bodily injury liability or third party legal liability – a driver may be legally required to pay compensation if his car causes injury to a third person or results in the death of a third person. Most car insurance policies provide cover against legal liabilities that are caused by accidental damages to third person and property. The coverage limit for injuries or death is not fixed and depends on a case-to-case basis.

Comprehensive – some insurance policies cite this as ‘Vehicle Damage’ which includes natural calamities. Comprehensive generally excludes accidents but includes theft, and damage to car from natural calamities such as earthquake, explosion, fire, flood, hurricane, landslide, lightning, falling objects etc.

Medical – also known as Personal Injury

Accident Insurance

Although the original insurance companies were built on the notion that accidents result in bad consequences, this is not always the case. Who, after all, can claim they do not enjoy a bite of a chocolate chip cookie? Have you ever heard someone complaining about eating a potato chip? And what about modern medicine and the amazing cures they provide? Many of these beneficial products were created by… you guessed it – accidents!

Blessed Accidents

• When a cookie business owner realized she did not have the baking chocolate required for her recipe, she improvised by using a standard bar of chocolate. She reasoned that the chocolate would melt in the oven and become equivalent to the ingredient she lacked. Lo and behold, the chocolate bar in the finished cookie product was her claim to fame as the dotting chocolate chip version became an instant success story.

• After discarding an experiment dish in the trash, scientist Sir Alexander Fleming took a second look: why, the utensil was full of mold that continued to break up bacteria around it! The ‘accident discovery’ led to something amazing – a seeming miraculous drug, known as Penicillin that