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Monthly Archives: July 2018

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 traffic rules, chances of getting any tickets from the police or meeting with an accident are less. This will also have an impact on the insurance premium.

There are some companies which calculate the premium on the basis of the kilometers you drive. In such a scenario, it is better to opt for systems like the car pool on a regular basis so that the usage of the car is less and you are in a position to get discounts from the insurance companies.

Installation of an anti theft device in the car is a good thing to do too, as this reduces the chances of the car getting stolen. With these security measures in place, you will find plenty of insurance companies that can give you lucrative discounts.

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 event of collision after which the policyholder’s vehicle sustains damages, collision coverage helps to pay for repair expense. From lender’s perspectives, Collision coverage helps to maintain the value of the vehicle at least until the policyholder pays if off.

· Comprehensive: when damages are from non-collision instances for examples vandalism, animals, fire, and falling objects, Comprehensive coverage helps to cover the repair cost.

Many lenders require both coverage types before they allow a borrower to drive the car away. Even if the state’s DMV regard the coverage as optional, driver must accept that lenders can make the coverage mandatory for as long as the lease period is valid.

Not-At-Fault

Although it seems that auto insurance is only important for the at-fault party in an accident, the not-at-fault also needs auto insurance for legal reasons. For example: when an uninsured driver becomes the victim in an accident, the police officers in duty should still ask the driver to produce proof of financial responsibility. Failure to produce insurance card or similar document will result in driver license suspension. In worst case scenario, there will be fines, punishment in form of voluntary service for the community, or jail times. No matter what the punishments are, uninsured drivers are in real risks of difficult consequences.

High-Risk Drivers

In the states where auto insurance is mandatory, uninsured drivers (even when they are not at-fault in an accident) also have to deal with potential drivers’ status relegation from low-risk to high-risk; in this case, higher is worse. In the U.S., there are plenty of traffic checkpoints where police officers have the rights to ask for drivers’ insurance information. For those who drive without proof of insurance, there can be penalties such as SR-22 requirement. SR-22 is a certificate to guarantee that the holders will meet insurance requirement. The certificate also indicates high-risk driver status.

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 that nobody is behind you, use your indicator as it will give other drivers a chance to use their brakes if you have forgotten to check your blind spot or if they are speeding and come out of nowhere.

Always have both hands on the wheel

If you have many years of driving experience, it can be quite easy to drive on ‘auto-pilot’. It is also common for people to drive using only one hand, especially in heavy traffic. This, however, can be incredibly dangerous. Should something happen ahead of you on the road, you will have less time to react and avoid an accident if both of your hands are not on the wheel. By remaining alert and driving with both hands, you can increase your reaction time and are more likely to retain control of the vehicle in the case of an emergency – or an unexpected pothole!