5 Reasons To Shop Around For Auto Insurance

Everyone is looking to save money these days. Taking just a few moments can save you hundreds — if not thousands — on your auto insurance policy. Here are five situations where shopping around for the best rates online is wise. You Just Got Married. In all your excitement about the Big Day and your Honeymoon, you may have forgotten that marriage opens up an opportunity to potentially save money on your auto insurance policy. Most companies offer multiple car discounts. If you get your homeowner’s insurance or life insurance through the same company, you will be eligible for a multiple line…

Buying Auto Insurance For Your SUV

Auto insurance is not  just based on your personal driving record. This revelation comes as a surprise to many, but it makes sense if you really think about it. An auto insurer is basically looking at how expensive you might be if they take you on as a client. Part of the expense is estimated — not just by how likely you are to get into an accident — but also how expensive the vehicle will be to repair if it is stolen or damaged. For this reason, some SUVs may garner rates that are 10-20 percent more than cars….

Tips To Avoid Auto Insurance Rate Increases

Are you paying too much for auto insurance? Your rate can go up suddenly and without warning. Sometimes simple errors can cause you to overpay for basic coverage. Here are a few tips to avoid these unscrupulous auto insurance rate hikes and protect yourself, as a consumer. Did You Get A Ticket? Tickets are one of the main causes for auto insurance rate hikes because insurers take this as a sign that you’re driving erratically and dangerously, thus making you more of a liability. You won’t get penalized for a parking ticket, but moving violations for running lights, speeding and…

Five Auto Insurance Provider Secrets

It’s not immediately clear how one’s auto insurance bill comes together. Just as Google rates websites, your auto insurance rate is a complex concoction of algorithms used to calculate your value. Most of the time, carriers are just hoping to break even on your premium payments. Ideally, you’d put as much money in as you’d ever need to cover the cost of an accident. So insurers are trying to keep prices competitively low, without putting them in debt. Here are five things you may not know about auto insurance pricing. 1. Women Pay Less. If you’re a woman, you will (on…

New Louisiana Auto Insurance Law Goes Into Effect On 8/1

According to state legislators, there are more than 869,000 (out of 3 million) cars being driven without proper insurance.  As of August 1st, Louisiana residents who break the law by not carrying proof of auto insurance will have their cars towed. Governor Bobby Jindal signed into law House Bill 1053 that repeals a five-year ban on impounding vehicles on first time offenses. Drivers may be impounded and ticketed on subsequent occasions as well if they cannot produce proof of insurance within 72 hours. Louisiana Liability Insurance Requirements By law, Louisiana drivers are required to carry the following minimum coverage: $15,000 per…

Do You Need Auto Insurance For A Rental?

When the summer weather hits, most people can’t help but daydream about taking a long road trip. Rather than put the miles on their own cars, they opt to rent a car for as low as $12/day. Yet, when they get to the rental company, they are offered on-the-spot auto insurance. This option is confusing for drivers and many people needlessly wind up paying an extra $20 – $40 per day just for the added peace of mind. Does My Auto Insurance Cover Rentals? The National Association of Insurance Commissioners says that auto insurance for rentals is typically covered in…

Ohio Auto Insurance Laws

In the state of Ohio, there are literally thousands of uninsured motorists breaking the law. The Ohio Dept of Insurance estimates that as  many as 15 percent of Ohio drivers carry no auto insurance whatsoever. Even more people are under-insured and unable to pay for damages they may cause in an accident. Extra Ohio Auto Insurance For this reason, you may want to consider buying extra UM/UIM coverage, which takes the place of the liability coverage the other driver did not have and pays for the injuries to you and your passengers. Uninsured Motorist Property Damage will cover the cost of…

Hail Damage Shows The Value of Comprehensive Auto Insurance

Last year, the number of hail damage claims rose considerably compared to the previous three years, according to the Highway Loss Data Institute. Claim payments reached a high of $797 million in 2011. This finding highlights the importance of having good comprehensive auto insurance, especially if you live in areas that are ravaged by storms. How Much Damage Can Hailstorms Cause To Cars? One of the most expensive days on record was March 25th, 2009, when there were 22,000 hail damage car insurance claims in Texas and Louisiana amounting to a whopping $81 million in payments! There were vehicles with smashed…