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Tips For Lowering Your Auto Insurance QuoteBy Terje Ellingsen
Do you have many claims? If so, you should do all you can to reduce them or even endeavor to file no claims at all. Why do I bring this issue up in an article about lowering your auto insurance quote? Because the number of claims is the single factor that to the highest degree influences the cost of your insurance premium. Let me give you an example: Let's say you have 5 years of no claim. Most companies will then give you an unbelievable discount of your premium, some of them even 75%! It goes without saying that this is the most powerful way to get cheap insurance.
How can an insurance company do this? Look at an insurance company as a big box of money dropped in by people who gets security in return. What the company does is simply to reallocate the money that is left when the payments for damages are deducted.
People that have many damages and file many claims, must pay a higher premium and thus get a higher car insurance quote.But a safe driver that avoid claims, is rewarded with a lower one. Fair enough?
If you are new to insurance - or even if you have had insurrances for some years, but feel you lack knowledge about it. - I'll advice you to learn the basic auto insurance terminology, before you start to shop around. It can help you, not only to get a low cost insurance but also to make the correct coverage decisions for you. Let's do a little test: Do you need PIP coverage? What does PD coverage mean? What is BI coverage?
Do not accept the first quote you get
If you ask an insurance company for a quote, you can be almost hundred percent sure you'll get a better one from at least one other company. Comprehensive marketing research the recent years has shown that prices for a new six-month policy with comparable coverage can vary greatly between different companies. And we are talking about spreads in rates of at least $500
So, equipped with this knowledge both you and I know that it pays to do a little legwork and shop around for car insurance.
Most insurance companies have a form of questions you must provide answers to in order to get an understanding of your security situation. It is really astonshing, how much the criterias for determining the price can vary between companies. What one company may consider a high risk factor another company may view as a minor risk. So why not take a little time to compare rates for a number of different companies?
The first thing you should do before you start this comparison is to go through your insurance coverages and keep your auto insurance policy on hand. Then go online and start to shop around. The internet is probably the most comprehensive, fastest and easiest way to find a decent vehicle insurance quote.
And what's even more incredible, many insurance companies now offer some great discounts for buying the policy over the web - a discount that come in addition to the no-claim discount described above.
How is this possible? To handle an insurance sale in general cost money for the companies. However, a sale on the internet will cost less money than selling it over the counter. They do not have to involve human resources if you purchase it online. Thus the companies save money on your internet purchase, and a part of this saving is passed on to you as a discount, a significant discount if you buy from the right company.
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Steer Straight uses bumper stickers to try to improve teen driving (The MetroWest Daily News)
To help reduce car crashes involving teens, Sudbury's Deborah Smith and Wellesley?s Anne London have launched Steer Straight Inc., a Wellesley-based teen driver protection safety program utilizing bumper stickers to get its message across.
Police (The Salem News)
Peabody Thursday A police officer told older teens to quit swearing and using racial profanities in front of younger kids and parents at James Street Park. Someone complained to police at 5:31 p.m. A 44-year-old Revere woman will be summonsed to court after police said she shoplifted at Sears at 7:36 p.m.
Some like it rich (Express India)
On TV, teens have planes, go places and don't tell their parents because it's no big deal
Five Ways to Cut Auto Insurance Costs this Summer (Carteret County News-Times)
(ARA) - With gas prices expected to remain high this summer, it makes sense to save as much as possible on other vehicle-related expenses, such as insurance.
10:51 p.m.: Man gets probation for firing at teens (The Herald Bulletin)
ANDERSON ? An Alexandria man who pleaded guilty to opening fire with a shotgun on a pair of Delaware County teens was sentenced to four years? probation Wednesday as part of an agreement with prosecutors.
Teens injured in Chippewa crash (The Beaver County Times)
CHIPPEWA TWP. ? Three teens were injured Wednesday following a two-vehicle crash on Blackhawk Road in Chippewa Township.
In the Nation (The Philadelphia Inquirer)
Two found dead after blast in Ill. FRANKFORT, Ill. - An explosion destroyed a house early yesterday and the bodies of the elderly couple who occupied the home were found in the wreckage, authorities said. Seven other homes were destroyed.
News in brief (Holmen Courier)
Here are a selection of brief news items from this week's paper edition, and possibly a few news briefs that didn't make it in the paper.
Nationwide Insurance, NASCAR Driver Jeff Burton Encourage Local Drivers to Stop Texting While Driving (Centre Daily Times)
Today, Nationwide Insurance teamed up with the Columbus City Schools and NASCAR driver Jeff Burton to raise awareness among drivers in Columbus about DWD - Driving While Distracted.
Nationwide Insurance, NASCAR Driver Jeff Burton Encourage Local Drivers to Stop Texting While Driving (wallstreet:online AG)
Today, Nationwide Insurance teamed up with the Columbus City Schools and NASCAR driver Jeff Burton
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