Category: Car Insurance


Car Insurance May Not Cover Rising Trend of Driving

Filed Under: Car Insurance
Jan.21, 2010

vw_car_driveCar insurance customers who are driving their cars for business use might not have adequate protection.

The comparison website has identified a rise in the number of workers being asked to use their personal cars for business use, without necessarily warning them of the car insurance implications.

Found that 72 per cent of UK workers have used their own car for business use in the last 12 months, but only 35 per cent do not have business cover included in their car insurance policy and therefore risk driving without sufficient protection. View Full Article »

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Car Insurance May Come With Accident Cover

Filed Under: Car Insurance
Jan.05, 2010

bad_credit_car_financeCharge up to Rs 15 on every premium paid for insuring vehicles to fund a scheme to provide cashless hospital facility to victims of accidents on national highways.  There are around 10 million registered vehicles in the country and the total insurance premium collected in 2008-09 was Rs 30,601 crore. The administrative heads of the districts would administer the fund, according to the proposal.

To provide cashless medical facility under the scheme as accident victims usually have to follow long procedures to get claims from insurance companies. According to a World Health Organization report of a survey on road safety in 178 countries, constituting 98 per cent of world’s population, India leads in the number of deaths due to road accidents. India reported 105,000 traffic deaths in a year, compared with over 96,000 in China. View Full Article »

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Car Insurance Tips – Save £1,000

Filed Under: Car Insurance
Dec.21, 2009

Car insurance coverage is a legal requirement for every car owner but said consumers should not be paying too much particularly in times of financial hardship and with Christmas just around the corner when expenses are shooting up.

The most important way to save on your car insurance premium is to be smart and look around to look for the best deal. This would easily enable consumers to save at least £157. A consumer can save an additional £39 by adding a partner to the policy.

Another convenient way to save on your cash is by car-pooling to save on mileage. This will save you at least £12, you can also take a full comprehensive coverage of your car instead of third party (additional £90).

Young drivers can also add an older relative to their policy which could mean savings of up to £601. In all, you can save a total of £909 on your auto insurance, the company said.

“At a time when we are likely to be splashing out on Christmas presents, it is important people remember that their outgoings can be trimmed by shopping around and taking several easy steps to reduce their insurance premiums.”

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Car Insurance Quotes Continue to Rise

Filed Under: Car Insurance
Nov.11, 2009

A new development is being perceived in Syracuse, city in and the county seat of Onondaga County, New York, United States, regarding insurance. Syracuse car insurance quotes are increasing these days and this feature astonishes many people without a shred of doubt. Is this is a part of the sinister designs of insurance providers or the specimen of forthcoming troubles?

Well, analysts do brush all these ideas aside and consider this Syracuse car insurance as quite natural. As per them, car accidents, as a rule, give rise to an increase in insurance premiums. Although you are not responsible, the insurance company will have to incur some costs and there is hardly any other option. What’s more, a high increase in car premiums and policy quotes do take place since the accident is destined to be rated against your coverage. View Full Article »

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Getting it Right in Selecting the Right Auto Insurance

Filed Under: Auto Insurance, Car Insurance
Nov.04, 2009

When pricing their new car insurance, insurers will consider a wide range of variables. The market is competitive, so they want to hold premiums as low as possible, but at the same time, they are in business to make a profit, so they need to charge you enough to cover their overall risk.

For these reasons, insurers will look at the statistics, and try to identify any factor which influences the likelihood of you making a claim, or the size of the claim.

This is why the cost of the vehicle is a major consideration, along with obvious variables like your driving record, and the ages of the regular drivers of the vehicle. If you vehicle has safety features, which make a personal injury claim less likely, or reduce the likely size of a claim, it will reduce your new car insurance premium accordingly. And if your new vehicle is a make or model which is particularly likely to be stolen or damaged, you will, unfortunately, be paying a whole lot more for your new auto insurance.

Some insurers consider credit score, hopefully on the basis of statistics, although it is not immediately obvious that there is a direct connection.

There are also factors which you can control to some extent. Many insurers will allow you to choose the amount of your deductible, or excess – this is the contribution payment you make when you make a claim. Some insurers charge you the deductible for every claim, while others will only charge you if you are at fault. The higher the deductible, the less the claim costs the insurer, so choosing a higher deductible can reduce your new car insurance premium.

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Car insurance sees older children sharing parents’ policies

Filed Under: Auto Insurance, Car Insurance
Nov.04, 2009

The average age of ‘children’ who have been added to their parent’s car insurance policy has risen from 25 to 31 in the last 12 months, uSwitch.com has found.

As the ongoing recession continues to stretch consumers’ finances, an increasing number are turning to mum or dad to drive down the cost of their car insurance, with 2.5 million policies now having a child added.

This might sound innocent enough, but it has led to an increase in the number of drivers committing insurance fraud through ‘fronting’ – whereby the parent is named as the main driver, even if it is the child’s car, because more experienced drivers are usually rewarded with lower premiums.

Consequently, reported cases of fronting are up 30 per cent compared to two years ago, and, along with other insurance fraud, which costs the industry an estimated £1.9million a year, it adds an average £44 to each UK households’ insurance costs.

High premiums on car insurance for young drivers, coupled with the other rising costs of driving such as soaring fuel prices, have made it increasingly expensive for young motorists to keep their car on the road, leading many to commit fraud through fronting to save cash.

Some young drivers who cannot afford the premiums are taking the drastic measure of foregoing car insurance altogether, with as many as 20 per cent of 17-20 years olds driving uninsured, figures from the Motor Insurers’ Bureau show.

A further 20 per cent of young drivers who have only third party car insurance have chosen this lower level of cover because they cannot afford comprehensive car insurance.

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Is Your Car Insurance As Cheap As It Looks

Filed Under: Auto Insurance, Car Insurance
Nov.03, 2009

Answer the question, Is your car insurance as cheap as it looks, before you renew the same old policy you’ve had for years. Compare online insurance companies before you renew with your old one.

Nobody looks forward to choosing their car insurance. Many people stay with the same company year on year to avoid endless phone calls or trawling quote comparison sites at renewal. Nowadays, however, many companies offer significant introductory and online discounts which only apply for the first year. What this means for the consumer is that shopping around makes good financial sense. But while it can be extremely tempting to go for a cheap policy, it’s wise to know exactly what you’re buying into.

What’s Missing?

Sometimes one company will offer Fully Comprehensive coverage for the same rates as another’s Third Party insurance. This should ring alarm bells, it’s possible it’s cheaper for a reason.

A car insurance policy booklet is divided into sections. The level of cover you have purchased will include some or all of these. Third Party Only is the legal minimum and included in all policies. Mandatory since 1930, it covers you for damage to another’s person or property. Then Fire and Theft is added to that, followed by damage to your own car – Fully Comprehensive includes all three.

There are things we automatically assume to be part of a Comprehensive policy – European coverage, windscreen coverage, a courtesy car, coverage for driving other cars – but not necessarily so. Policies may have been stripped to the bare bones in order to appear cheap. The missing features may then be offered as chargeable extras, so take care.

If you are considering driving abroad, check what level of coverage you will actually have while out of the country. It might be lower than your normal level of coverage and you may only be allowed a limited time abroad. To increase the time or level of coverage would then be chargeable.

Auto Insurance Excesses

So you have a cheap policy that seems to give all the coveage you need. The next thing to check are the excesses. These are what you pay in the event of a claim, such as deductibles. Sometimes they can be high in order to keep the premiums down and there are compulsory excesses on top for categories of driver who the insurer perceives to be a higher risk. This may include young drivers, foreign drivers or those with points on their license – check which apply to you.

Extra Charges

Whether we want to believe it or not, it does cost an insurer to set up or cancel a policy, and to process your claims. As businesses, they will attempt to recoup the costs from the customer, probably in the form of cancellation fees or charges for amending your policy. If the premium is very low these charges may be higher to compensate. Some cancellation fees are even levied within the mandatory 14 day cooling off period, so be aware of what you’re letting yourself in for.

Sadly the process of renewing your insurance remains a long, drawn out process and even higher premiums may not include everything so it’s worth devising a checklist to use when you shop. Go in armed with your own questions and reduce your chances of unpleasant surprises later in the year.

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What If Health Insurance Was Like Car Insurance

Filed Under: Car Insurance
Nov.03, 2009

Recently I had to get my car inspected. I was surprised to find out that my 95,000 mile car did not require anything. However, while it was there I decided to change the oil, coolant, and transmission fluid. Not surprisingly, while GEICO may have saved me more than 15%, it didn’t cover my maintenance. Shit!

Yeah I had to pay cash. But it was okay because I saved money assuming I was going to need new tires and/or brakes. Even if I did need these items, GEICO would not have covered anything. In fact, the only thing it will cover is collision and liability. You know, it covers the areas that I may not be able to afford if shit hits the fan.

So my question is: Why can’t my health insurance be like this? Does my health insurance need to cover my yearly physical? Does my health insurance need to be billed when I spend five minutes with my doctor for a stuffy nose and she tells me what I already know that I have a sinus infection. Does my health insurance need to cover the antibiotics? I know my car insurance doesn’t cover synthetic oil.

I take good care of my car because I don’t want to lose it prematurely. I don’t want to pay for something that could have been prevented. I have an incentive to keep my car healthy. Yet, I have no incentive other than a longer life to keep my body healthy because I know health insurance will cover anything. I can eat donuts every day and when I get a heart attack, they’ll pay for the surgery and the Lipitor after. No wonder why this country is so fat and unhealthy.

In a perfect world, we wouldn’t have any health insurance. But I understand this is not heaven. But why can’t we treat health insurance like car insurance:

• Mandate coverage for everyone (Increase the pool to decrease the cost).
• Require yearly physicals and other preventative measures.
• Don’t cover every little service and instead cover us when shit hits the fan such as cancer.
• Offer rewards to people for getting healthy the way car insurance takes 10% off for taking a class.
• And because I have a heart and realize we are more important than a car, assist those who can’t afford a physical.

Maybe health care costs have gone up because we use insurance too much. We expect health insurance to cover our bad behaviors but something tells me GEICO isn’t covering a repeat drunk driver. Instead of taking Lipitor, people should eat less cholesterol. If we had to buy our own medication we would probably take the generic cholesterol medication over Lipitor. Maybe this would make health care cheaper, easier, and oh yeah… maybe we’d be healthier. Because part of me is sickened by those in Congress that care more about government role and cost over how can we be healthier so that we can extend our life, liberty and happiness.

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Cheap car insurance- Does it help you always?

Filed Under: Car Insurance
Nov.02, 2009

car imagesHow helpful are cheap car insurance quotes? They aren’t if they don’t give you adequate protection in time of need. So, it isn’t wise to run after automobile insurance that is cheap. After all you cannot afford to compromise with your safety. If you opt for coverage that will not suffice your basic needs, there’s no point in wasting your hard earned cash on a policy that fails to protect you adequately. This is because the amount you are saving on your premium, you may have to spend it for your hospital charges if you try to buy car insurance coverage that is cheap.

Remember, not all cheap auto insurance will equip you fully. And if any vehicle insurance provider promises to do so, you are probably being taken for a ride. Alternatively, the insurance provider may be offering you cheap coverage but there may be innumerable hidden costs that may crop up from time to time before you renew your automobile insurance policy again.

AmPmInsure: We make you Insurance Smart

What you need to decide is which is more important to you – your safety or your money? Undoubtedly, you will come across many who vouch for both. And the probability is quite high that they may not know a middle path. But you have to find that out. It is important to strike a balance between your adequate coverage and your affordability. So, talk to your car insurance provider to find out how you can make your auto insurance premiums affordable that will not strain your wallet.

Alternatively, you can also work upon few factors that affect your car insurance premiums. Some of the factors cannot be changed or improved, examples of this category being –age, gender etc. However, there are few other factors that can be improved or dealt with better to make your vehicle insurance premiums affordable. Some of these factors include your driving record, type of vehicle you drive etc. So, find out the different options that can help you to reduce your financial obligations.

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Classic Car Insurance

Filed Under: Auto Insurance, Car Insurance
Sep.15, 2009

classiccarGetting classic car insurance will be economical and beneficial for you. You need to have auto insurance to drive your car on the roads. Getting the best insurance rates and best coverage should be your aim. Those who own classic cars know the love, care and attention that go into taking care of these cars. Whether you drive it around or not, it is still a good idea to get classic car insurance that is made special for those who own classic cars.

Some people think of classic cars as the transport of eccentrics and TV detectives. Others consider them to be glamorous, expensive, and high maintenance status symbols. A genuine agreed valuation is the value guaranteed by the insurer should the car be written off or stolen so you must have classic car insurance.

Classic car insurance comes in different types. There is third party insurance which gives coverage for any damages made by your car, but for your vehicle’s repair you’ll have to pay from your own pocket. There is third party and fire and theft insurance.

To make sure that your classic car is fully protected, you should always buy adequate classic car insurance for your car. The good thing about a classic car insurance is that it allows to you ensure your vehicle based on its true value rather than stated value. When comparing insurance quotes from all these classic car insurance companies, pay close attention to the features of the policy and the cost. Make sure that the cost of the insurance is well justified.

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