Posts Tagged ‘auto insurance premiums’

How Shopping Around Can Save You Money On Your Auto Insurance

Tuesday, May 15th, 2012

You’ve probably seen the commercials and heard people tell you to “shop around” for auto insurance. This sound advice could save you hundreds — if not thousands — on your premium. It’s recommended that you get at least three quotes. If you want to save even more, get six quotes. A 2004 Progressive Insurance survey of 100,000 consumers nationwide found that auto insurance rates can vary by over $1,o00/year!!

Why Do Some Auto Insurance Companies Charge More Than Others?

Every company has its own secret algorithm for determining your risk value and how much money they’ll charge to insure you. There are also different types of insurance companies. For instance, Geico and Amica have in-house employees who sell directly to consumers online or by phone. Other insurance companies — like Allstate and State Farm — use independent contractors who work on commission to sell one company’s product. A third type of insurance company is comprised of independent agents who can sell insurance from various companies.

Where Can Drivers Get The Best Auto Insurance Rates?

Direct agents offer the best rates for their companies. Since there is no “middle-man,” you’ll save 15 percent typically. You can access these direct agents by searching for free quotes online and selecting the offer of your choice to proceed. Of course, many of these direct companies can be fussy about who they insure. If your driving record isn’t squeaky-clean, you’ll probably need to check with the larger auto insurance companies like State Farm (18 percent of the market) or Allstate (12 percent of the market) and see if an independent agent can beat your best quote.

What Discounts Do Insurance Providers Offer?

Every auto insurer also has its own set of available discounts. You can save by choosing one company to provide a combination of different types of insurance. You can get money off by taking a defensive driving course, by retiring, or just by being a good student. There are Mensa discounts, group savings by employers, money off for college kids who dorm, and safety feature discounts. Some companies also have loyalty programs that are worth asking about.

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Shop competitive auto insurance quotes here!

Perks of Marriage: Cheap Auto Insurance

Friday, May 11th, 2012

There are many financial perks of marriage — lower taxes, access to employer benefits, better health insurance rates, and lower auto insurance premiums too. Most companies offer some type of discount for married drivers, although some companies may also offer cheap insurance for people who live together. States like California, Washington, Oregon and Illinois recognize “domestic partnerships” with discounts of up to 15 percent for drivers, according to Fox News.

How Do Married Couples Save On Insurance?

  • Multi-Car Discount – Typically, you’ll save significant money by switching to the same policy and signing up multiple cars with a carrier.
  • Multi-Line Discount – You can also save by getting homeowner’s insurance through your car insurance provider.
  • Driving Record – If your spouse has a better driving record than you, this can work in your favor.
  • Statistics – Statistically speaking, married couples are less depressed and less reckless. They tend to get into fewer accidents and take advice from a spouse on safe driving habits.

 How Much Can You Save By Getting Married?

Forum commenters claim to have saved as low as $61 per billing cycle or as much as $350 every six months. According to research conducted by Coverhound, a sample couple would have paid $309.01 per month for their separate policies, but they would pay $218.89 a month if they were married — which is a 29 percent savings. If your spouse has a particularly terrible driving record, you may not benefit much, but it’s worth looking up free auto insurance quotes.

married couple car insurance

Telematics Auto Insurance: What Does This New Technology Mean For The Future?

Thursday, May 10th, 2012

In George Orwell’s 1984, all daily activities were overseen by a seemingly omnipotent being known as “Big Brother.” Telematics auto insurance seems like one step closer to “Big Brother” watching over us. Yet, on the other hand, telematics may also be the key to reducing the number of car crashes and also reducing our auto insurance premiums.

What Is Telematics?

Telematics involves satellites tracking a person’s driving habits — including the miles driven, the amount of time spent behind the wheel, as well as braking and acceleration patterns — to calculate a safe driving score. The score is then used to determine how much you should pay in auto insurance. While it may sound fanciful, this technology is already quite popular in Europe, as more and more drivers voluntarily agree to put this black box in their car to gain access to lower insurance rates. In America, companies like Progressive are just starting to offer this type of car insurance.

Is Telematics The Future Of Auto Insurance?

According to research firm Celent, the technology “radically reduces the frequency and severity of motor vehicle accidents,” so insurers see reduction in their revenue — from about 39 percent down to 13 percent. The firm adds that, in addition to telematics, it’s believed the next 10 years will hold more cars outfitted with collision avoidance equipment, more automated traffic law enforcement, and (to a lesser extent) robot cars.

Do People Really Save With Telematics Auto Insurance?

Drivers with a safety score of 4/5 save about 15 percent on their premiums, according to the UK website This Is Money. Those who score a 1 or 2 may wind up paying 20 percent more. Two-thirds of customers are estimated to save with reductions as high as £800 ($1,287).

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To save today, get a free auto insurance quote!

Auto Insurance Savings Tips

Friday, May 4th, 2012

Auto insurance can be ridiculously expensive if we let it! As we discussed yesterday, one person might be paying $585 a year, while another pays over $2,000! So what is a driver to do if he or she wants to chip away at these exorbitant prices?

Strategies For Reducing Auto Insurance Premiums

  • You could shop around. Now is as good a time as any to take a look at what another auto insurance provider might offer you. Every company looks at different factors to come up with your total premium. (For your convenience, you can search free quotes right from our site!)
  • You could reduce your coverage.  This could be dangerous, especially if you are reducing liability coverage, but you may be buying more coverage than you really need. For instance, there is no need to have high collision coverage for an old vehicle that is already paid off and isn’t worth repairing if it gets into an accident.
  • You could raise your deductible. This is a good option if you have $1,000 or $2,000 in the bank. Raising the amount you’ll pay in the event of an accident will lower your premium, guaranteed.
  • You could bundle your insurance needs. Most insurance providers will offer you a handsome discount if you get your homeowner’s insurance, life insurance, and car insurance all from the same place.
  • Drive safely! Avoiding accidents and tickets is the best way to keep your rates as low as possible.

Choose Your Car Wisely

The type of car you’re insuring very much factors into your rate as well. When buying a car, consider these factors:

  • Insurance loss records: Insurers want to know how much money they’ll lose if your car is totaled in an accident. Check The Highway Data Loss Institute to see how your car stacks up!
  • Price: More expensive cars with more expensive parts will cost more to insure.
  • Performance: Choose a vehicle with less horsepower and a smaller engine if you want to pay less.
  • Safety Features: You pay less on a vehicle with more safety features installed and a better overall safety rating.

There are other ways to save as well.

Hybrids can save you money in some cases. New cars cost less to insure if they are endowed with better safety features than your old clunker. However, you may also save by insuring a used car because the gap insurance will be less, since you are not experiencing the same rate of depreciation as a new car. Don’t forget to shop around for the best auto insurance rates!

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Illustration by Adam McCauley

California Online Auto Insurance

Friday, August 26th, 2011

When you purchase California online auto insurance, you will be bound by the same legislation that is enforced when policies are bought from land-based offices or telephone call centers. Although auto insurance is often cheaper online, road users are still obliged to purchase the minimum 30/15/5 levels of cover that are mandatory throughout the entire state of California.

So why is California online auto insurance so much cheaper? When a carrier sells their products from an office or over a telephone, their sales teams are aware of the fact that they have your complete attention and that there is no competition to steal your custom away in that exact moment of time. To a certain degree, they know that they can inflate their prices and if you’re desperate for a policy, all they have to do is close the deal.

When you purchase California online auto insurance, every single carrier is operating in an open marketplace where their competitors are fighting for the same business. To secure business, those carriers have to offer something exceptional in order to warn off the competition and one of the most appealing factors that can influence a buying decision for consumers is price.

At Promiga, we offer California online auto insurance at fantastic prices, but we never lower the quality of our products to make them more appealing on a monetary basis. We offer superior coverage at a superior price, and we only use superior auto insurance carriers to partner our website. By dealing with best, we can always bring you the best and that’s always been the Promiga way!

 

Shopping the Internet to get the Best California Auto Insurance Policy

Friday, August 26th, 2011

If you looking for a California online auto insurance quote but find the increasing number of price comparison and company websites too confusing, why not make Promiga your website of choice for all auto insurance matters?

With years of extensive experience under our belt, Promiga can offer a California online auto insurance quote that’s cheaper, faster and better than any other equivalent policy offered on the Internet. How do we do it? Quite simply, we’re in the business of building relationships and it’s not just our customers that we put first.

Promiga have spent many years building solid working partnerships with some of the biggest names in the auto insurance industry and over time, we’ve managed to build outstanding levels of trust with a range of selected providers who think in exactly the same way as us. Quality and service are the mainstays of our operation, and we only work with auto insurance companies that use those mainstays themselves.

When you apply for a California online auto insurance quote with Promiga, you’ll be put in direct contact with a leading market specialist with the highest industry review rankings. With just a minimal amount of basic information (usually a ZIP code), our trusted partners will provide you with an obligation-free auto insurance quote that offers maximum protection at minimum cost.

There are no expensive phone calls to worry about, and you won’t be pestered for the next six months by annoying sales representatives if you choose not to buy with us. All of our California online auto insurance quotes are free of charge and we never charge a fee or commission when you choose to make a purchase.

Consumer Ratings for California Auto Insurance Companies

Friday, August 26th, 2011

What makes Promiga so much better than every other price comparison website? At Promiga, we don’t partner any old company. We carefully hand select the best providers in the business, and we do that by taking their California auto insurance ratings into account before we decide if it’s worth forging relationships with them for the benefits of our customers.

California auto insurance ratings are given out based on reports from independent industry reviews and customer feedback. If any company fails to achieve the minimum ‘A’ rating that we demand, we won’t work with them. Our dedication to perfection knows no boundaries, and we’ll never sacrifice our own reputation by working with inferior companies.

When you purchase a policy from a carrier that has the best California auto insurance ratings, you’ll be able to do so in the safe knowledge that you’ll be receiving fantastic service, remarkably priced policies and superior levels of aftercare if you ever need to make a subsequent claim.

Every one of our providers is licensed to operate within the state of California, which means you’ll always be receiving policies that meet the minimum mandatory state requirement. The minimal 30/15/5 coverage will be guaranteed, and you’ll also have the option to increase your coverage with useful add-ons including collision coverage, comprehensive insurance and uninsured/underinsured motorist protection. Very few consumers consider California auto insurance ratings when they’re looking or a policy, but the benefits of working with industry leaders are just as important as saving money when purchasing new policy or renewing an existing deal.

California Auto Insurance Minimums

Friday, August 26th, 2011

Purchasing the right level of cover for your vehicle will lead to a problem-free motoring experience that sees you fully protected if you’re ever involved in a road traffic accident. As with every other US state, there are a number of California auto insurance minimums that you are legally obliged to meet before taking a vehicle on the road.

Although California works under a no-fault auto insurance system, the purchase of a policy is still mandatory. In comparison to Tort states, California auto insurance minimums are put into place so a driver can claim from their own policy in the aftermath of a road traffic accident in the safe knowledge that there will be enough protection available to cover bodily injury costs and repairs to the vehicle itself.

California auto insurance minimums also have an inclusion for property damage liabilities. The actual minimum figures are set at £15,000 worth of bodily injury protection per person, $30,000 worth of bodily injury protection per accident (for two or more drivers) and $5,000 worth of property damage liability.

Naturally, it makes more sense to purchase increased levels of protection as long as it is affordable to do so. In addition, there are several policy additions that you may like to consider. Comprehensive insurance, collision coverage and uninsured/underinsured motorist protection are all important add-ons that will supplement your California auto insurance minimums to perfection. With blanket coverage in place, you will rarely be expected to cover additional costs from your own pocket unless a high deductible figure has been agreed on.