How to Compare Car Insurance..?

Are you looking for some inside information on car insurance? Here's an up-to-date report from car insurance experts who should know.

Comprehensive insurance provides complete cover for your vehicle. It protects against any risk of loss accrued due to theft, damage to the vehicle, injury or death of the driver and/or passengers in the vehicle, and loss caused by the vehicle to other persons or their property.

Third-party insurance covers only damage caused by the vehicle to other people or property.

The policy premium of a new car is based on the sales value of the car. Where as, the policy premium for an old car is based on the Insured Declared Value (IDV). The IDV is nothing but the depreciated value of the vehicle. This value is agreed upon by both the insurer and the policyholder. Generally, the insurance companies have a pre defined list of the IDVs of the vehicles, brand wise, model wise and year wise. However, the conditioned of the vehicle will determine the final IDV.

The insurance company is not liable to compensate if the driver was driving with invalid driving license at the time of accident, or for damages occurred under the influence of drugs or liquor, riots, civil war etc. If a private car meets with an accident while being used as a taxi, the insurance company is not liable to compensate.

The more authentic information about car insurance you know, the more likely people are to consider you a car insurance expert. Read on for even more car insurance facts that you can share.
Generally, the car insurance is sold at competitive rates. The following factors should be borne in mind before buying a Car Insurance:

No Claim Bonus: If the car owner does not make any claims on the motor insurance policy in a year, the insurance company gives a discount in the premium in the subsequent year. This discount is called No Claims Bonus. The policy holder gets a discount of up to 20% for no claims in the first two years. This discount percentage goes on increasing in the subsequent years as long as no claims are made. The opposite is also true. If a claim is made in two consecutive years, the premium will go on increasing. The No Claims Bonus clause should be read thoroughly before finalizing a Car Insurance Policy.

Memberships: If the vehicle owner is a associated with a recognized automobile association, then the owner would get a discount on the premium. If the vehicle owner fits an anti theft alarm or any protective device in the vehicle, then he is eligible for a further discount in the premium. The anti theft device should be authorized by the same Automobile Association.

Special discounts available for handicapped people, available or not: Certain companies offer special premium discount for handicapped persons.

To avail this discount, the vehicle should have been altered for the use of the handicapped person. Different insurance companies offer varied discount rates. In case you are using such a vehicle, then compare the discount rates before going in for a car insurance.

Easy renewal procedure: Apart from monetary factors, check which company offers simple and easy paper work for renewal as well as for claims.

A starting point for me is to go to QuickQuoteAllInsurance.com, the service is really quick and a good way of seeing what is available to you in the market place. Click on this link and try it out, http://www.quickquoteallinsurance.com/autoinsurance

That's the latest from the car insurance authorities. Once you're familiar with these ideas, you'll be ready to move to the next level.

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New and Old Ways to Save Money on Car Insurance

Imagine the next time you join a discussion about car insurance. When you start sharing the fascinating car insurance facts below, your friends will be absolutely amazed.

Car insurance is a necessary evil; we are required by law to have it, yet we hardly ever use it. Like all other bills, I have researched ways to save money on car insurance that actually work. Some of these options are well known and some are new. To be thorough, I have included the old and the new ways to save money on car insurance.

1. Multiple line discount - Insure all cars and homes with the same insurance company to receive a discount

2. Update agent if recently laid off or work from home - Driving less miles per week, usually less than 100 per week can reduce your policy rate.

3. Raise your deductible - Raising you deductible can save you hundreds of dollars every year, but make sure you have money saved to cover the higher deductible if needed.

4. Shop around -- When your premium goes up, let your agent know you are looking, chances are they will find some other discounts.

5. Update agent if you are a parent under the age of 25 -- You might receive the same rate reduction given at the age of 25. However, you will not receive another deduction once you turn 25.

6. Full coverage or liability - Determine if full coverage is still needed by checking the blue book value of your car at Kelley Blue Book. If the value of your car is worth more than the cost to repair it, keep full coverage, if not, drop down to liability.

7. Get insurance quotes before you buy a vehicle and choose vehicle color - The type, model and color will affect you premium. If you don't want your premium to increase stay away from red sports cars. Also popular foreign models such as Toyota and Honda might have high premiums because they are stolen regularly.

8. Don't buy short-term policies - There might be a penalty, so buy long-term.

If you base what you do on inaccurate information, you might be unpleasantly surprised by the consequences. Make sure you get the whole car insurance story from informed sources.

9. Never let your insurance policy lapse - It might be difficult to obtain insurance again because the insurance agents see you as irresponsible or high-risk and your insurance may be more expensive than it was before to renew.

10. Don't insure vehicles you don't drive - Take the old Chevy that you have been working on for months off your policy. However, some states require that you have any registered vehicle insured, so if you drop insurance you may want to register the vehicle as "inoperable" to avoid any complications or penalties.

11. Refresh your driving skills - Confirm that the money you save when your premium is lowered outweighs the cost of the training courses.

12. Don't hit anybody or get a ticket - Your fault or not, this can increase your policy rate for several years. Keep your eyes on the road. Avoid tickets. Speeding tickets and other moving violations can push your rates up substantially and these, like accidents, usually affect your insurance for 3-5 years.

13. Don't insure teenager driver with your car - Premiums for a teenager driver is through the roof. Instead, purchase a safe, used car and only purchase liability. You will save hundreds of dollars.

14. Keep your credit score high. Some insurance companies will charge people with low credit scores a higher premium because they are expected to file more insurance claims.

My favorite way to save money on car insurance is ...

15. Pay semi-annually - instead of paying your car insurance monthly, pay semi-annually. The 1st payment is the hardest because you will have to pay the full amount to cover the first six months; think ahead and start saving for this switch. Once you have paid your 1st six month deductible, automatically transfer the monthly premium payment into a high yield savings account to earn interest until payment is due. By doing this not only are you saving money by avoiding the monthly surcharge fee you are also making money off of interest.

Out of the 15 options listed above, I hope at least one of them will help you save money on your car insurance.

If you are a saver and are looking for deeper, pragmatic ways to save money, visit http://www.watchmesavemoney.com Here you will find money saving tips on how to reduce your grocery shopping bills and monthly bills. You can also read about time savers and budgeting tips.

As your knowledge about car insurance continues to grow, you will begin to see how car insurance fits into the overall scheme of things. Knowing how something relates to the rest of the world is important too.

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The Top Reason Why Direct Auto Insurance is a Good Idea

The only way to keep up with the latest about car insurance is to constantly stay on the lookout for new information. If you read everything you find about car insurance, it won't take long for you to become an influential authority.

There are many reasons why you should invest in direct car insurance, but the one that you are likely to be most interested in is the cost saving benefits. Many people think only about the money that they are paying on the insurance, but you also have to think about what you will get back.

Accidents do happen. No matter how careful you are, sometimes you cannot stop an accident from occurring. When it does, the damage caused to your car or a car that you have accidentally damaged could run into thousands of dollars. If you do not have insurance then you would have to pay the damages yourself. Most people do not have thousands of dollars tucked away and that is when direct car insurance comes in extremely handy!

Saving Money with Direct Auto Insurance

Of course, the money saving benefits of direct auto insurance are also apparent before you even have an accident. Buying direct from an insurer can save you hundreds of dollars potentially. This is because when you don't shop direct you are not only paying for your insurance, but you are also paying the middleman. When you get direct auto insurance, you are simply just paying for your insurance and nothing else.

Knowledge can give you a real advantage. To make sure you're fully informed about car insurance, keep reading.

There are also regular deals to be found when you shop direct. This is especially true if you shop online. As you will be further saving the insurer time and money by applying online, you often get a discount on auto insurance. Try to shop around so that you get a good idea of the different deals available. After all, it makes sense to try to get the best deal instead of settling for something that you could get cheaper elsewhere!

Another advantage to buying direct insurance is that you can often haggle with the insurer. You could potentially gain a lower price on the insurance simply by asking whether the insurer will lower their price. It would be helpful if you could compare quotes from a few different companies to check what the average price is for your auto insurance. If the company you want to apply with is charging slightly higher rates, then it is worth enquiring to see if they can give you a better deal.

Finally, you also get to tailor your insurance policy to suit your own needs. When you choose insurance from an outside company, you cannot always control the type of cover that you end up with. Before you apply for any direct auto insurance you should always ensure that you know exactly what is included in the policy before you agree to it.

Overall, when it comes to buying auto insurance it is typically cheaper to buy it direct. Direct auto insurance is best found online and you could benefit from further discounts if you apply online too. Why pay more on your auto insurance than you have to? Search online for direct auto insurers in your state and see how much you could be saving.

In fact, looking for auto insurance quotes can be easy. Getting direct auto insurance quotes can be a breeze with Direct Auto insurance Review.com which specializes in finding you the best agencies to work with. Stop by anytime!

That's the latest from the car insurance authorities. Once you're familiar with these ideas, you'll be ready to move to the next level.

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