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.
|
Jacboson wins 360 Nationals
ALGER ? Even Skagit Speedway flagman Kirby Hoyle barely escaped the carnage of the Bob?s Burgers and Brews 360 Nationals A Main. A lot of drivers didn?t. Four red flags and?
Banks shower services and amenities on VIP clients
VietNamNet Bridge ? Special banking services packages are being offered by commercial banks to their ?first class? clients. A car stopped in front of the Dinh Tien Hoang Branch of Dong A Bank (DAB). A man got out of the car and showed a thin card.
Fifty ways to save a fortune
HAD enough of politicians' hollow promises to reduce the cost of living? We help you take control in the battle against rising prices.
Would your finances pass the stress test?
How to balance a budget and make sure you have enough for a rainy day.
£17,000 to insure a teenager's car!
Student James Hayes saved for months to buy his modest one-litre car but has been astonished at the sky-high quotes for insurance. He will have to work flat out over the summer to pay the premiums.
Press Briefing by Press Secretary Gibbs, Ron Bloom and Ed Montgomery, 7/29/2010
2:30 P.M. EDT MR. GIBBS: Good afternoon. Before we do our regularly scheduled programming, we have with us today to give a little report and to take some questions from you, given the President?s upcoming trips to both Detroit and Chicago to visit Chrysler, GM and Ford plants, today we have with us Ron Bloom, Senior Advisor to the Treasury Secretary for Automobiles; and celebrating his second ...
A&B Posts Second Quarter 2010 Net Income of $28.9 Million
HONOLULU----Alexander & Baldwin, Inc. today reported net income for the second quarter of 2010 of $28.9 million, or $0.70 per diluted share, compared to $12.6 million, or $0.31 per diluted share, in the second quarter of 2009.
Community Calendar
Deadline for items for the Community Calendar is Wednesday at noon two weeks before desired publication date. Send information on fund-raisers, clubs, lectures, community events, reunions and support groups to Community Calendar, Pioneer Press, 3701 W. Lake Ave., Glenview IL 60026; Fax (847) 486-7495; or e-mail to jmolitor@pioneerlocal.com. There is no charge for ...
Exclusive: Shari Springer Berman on The Extra Man
ComingSoon.net talks with filmmaker Sharon Spring Berman ( American Splendor ) about directing the adaptation of Jonathan ("Bored to Death") Ames' The Extra Man , starring Kevin Kline, Paul Dano and John C. Reilly.
Canadian Pacific announces second-quarter results
Canadian Pacific Railway Limited today announced second-quarter net income of $166.6 million. Diluted earnings per share were $0.98, up 23 per cent from $0.80 in the second-quarter 2009 which included a $0.41 per share gain from an asset sale.
|
