Posts Tagged ‘auto insurance provider’

How To Switch Auto Insurance

Monday, July 2nd, 2012

Shopping online is an easy way to find better auto insurance rates. They say “making the switch” is quick and easy… but is it, really? Simply walking away from an old provider could turn into a mess if you don’t follow all the proper steps to say “Hasta Lavista, Baby.”

1) Have A New Policy In Place.

Ideally, you should begin shopping around for a new auto insurance policy about a month before your current policy is set to expire. Before notifying your insurance provider you’ve moved onto someone new, you’ll want to be absolutely sure your premium has been paid and your application has been approved. The last thing you want is to be caught without insurance!

2) You’ve Set A Date.

When you’re starting up with a new auto insurance provider, it’s important that you talk about when the policy will begin. Overlapping insurance is bad, but it’s even worse to be driving around for a day with no insurance. Get a firm date set.

3) Say Goodbye.

It’s never pleasant, but you’ll need to notify your auto insurance provider that you wish to cancel your policy. You may do this on the phone or in writing. The worst thing you can do is to avoid this task altogether. Burying your head in the sand will lead to collectors banging down your door for nonpayment and a blemish on your credit report. Even if the new provider offers to take this step for you, it’s always best to ensure you are all set.

4) Sign The Documents.

Some auto insurance providers need you to sign official documentation stating that you wish to cancel the policy. Be sure to comply with their protocol and save yourself the hassle of having someone call and mail you constantly to get closure.

5) Don’t Forget About Your Refund.

Some customers are so excited about the new deal they just scored, they forget to see if they have any unused premium coming their way. Ask and you shall receive. Remain mum and you may get a check in the mail… or you may not!

6) Address Any Outstanding Issues.

Usually a new carrier will alert the DMV about your new auto insurance policy, but this is not always the case. Be sure to find out what your responsibilities are. If there is a lien on your vehicle or you are still making payments, be sure to inform the lienholder about the change.

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Tips To Avoid Auto Insurance Rate Increases

Tuesday, June 12th, 2012

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 reckless driving will take your insurance rates way up for a good three years.

Did You Buy A New Car?

When you’re car shopping, you may be focused on finding the best color or the car with the most cargo space. However, you should also consider how the auto insurance company will look at your purchase. Cars with expensive foreign parts will be more expensive to insure because their repair costs will be higher, should you get into an accident. Also, cars that are frequently stolen will cost more. Conversely, safety ratings and features can bring the cost of insurance down.

When Was The Last Time You Shopped For Auto Insurance?

You should take a few minutes each year to shop around for better auto insurance rates. People who take the time to review their policies always end up paying less. With websites like Promiga.com, it’s easier than ever to get a quick, free online auto insurance quote!

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Take a moment & shop for free auto insurance quotes on our site!

What Does Auto Insurance Cover?

Wednesday, April 18th, 2012

The most important part of your auto insurance coverage is the medical component. In the event of an accident, you want to know that all the human beings involved will have their hospital and treatment charges paid for by your auto insurance company. Once you understand what your current policy covers, you may want to fill out a quick quote form to get instant access to better rates on your auto insurance that may give you more coverage for less.

How Am I Covered In Auto Accidents?

In most states, something called “MedPay” will make sure that you and your passengers have medical coverage. MedPay covers you if…

  • You are driving your vehicle and someone else hits you.
  • You are driving your vehicle and cause an accident.
  • You are driving someone else’s vehicle and are involved in an accident, regardless of fault.
Your passengers will also be covered under MedPay.

What Kind of Extended Coverage Is Available?

Personal Injury Protection (PIP) is considered extended coverage in all but 16 states (Arkansas, Delaware, Florida, Hawaii, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, New Jersey, New York, North Dakota, Oregon, Pennsylvania, and Utah) — where it is considered mandatory.

PIP auto insurance will make sure you and your passengers are reimbursed for…

  • Medical Expenses
  • Lost Wages
  • Funerals
  • Child Care
  • Home / Property Damage.

How Are People In The Other Car Covered In Accidents?

While we all carry our own insurance, there is also something called Liability insurance that will cover…
  • Injuries for under-insured motorists in the other car (if the accident was your fault)
  • Injuries to passengers in the other car (if you are at fault)
  • Injuries to pedestrians you may have hit.
Liability insurance is usually required or offered in every state (except New Hampshire), but the exact amount mandated by law varies from state to state. For instance, in Florida, you can opt for $10,000 in liability for up to two people for a total of $20,000 in coverage per accident — and property damage coverage is $5,000. However, in Ohio, you must have at least $12,500 per person injured (up to $25,000 total) and $7,500 in property damage coverage.
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Need a quote to see if you can get better auto insurance coverage? Take our site for a test-drive!

 

Can I Receive Payment for Medical Expenses Directly from My Insurance Company

Monday, October 17th, 2011

If you have been involved in an accident and are making a claim for medical expenses, the usual practice is for an insurance company to pay the doctor or hospital directly. In a situation where your medical insurance plan has paid for these expenses, either your car insurance provider or the at-fault driver’s insurance company will reimburse the medical insurance provider. You will not be able to recover the amount paid for your medical bills personally if they have been paid under an insurance policy. ‘

If you have paid the medical bills personally, you can ask for reimbursement for these amounts. You will need to submit the bills and proof that you have paid for them to the insurance company for reimbursement.

The issue of which insurance company is responsible for paying out on a claim can be complicated. If you live in a no-fault state and are injured in a car accident, you would make your claim for medical expenses to your own insurance provider. That company will pay out for your “reasonable and necessary” medical expenses stemming from the accident.

When you are making a claim on your personal health insurance plan for medical expenses, you will probably be asked if any of the medical services were obtained as the result of an accident. The medical insurance provider will then look to another car insurance company for reimbursement for these expenses.

The medical insurance provider will submit its’ own claim to either your own or the at-fault driver’s car insurance company. All of these transactions are conducted behind the scenes and the insurance companies will determine whether a subrogated claim must be paid.

Subrogated Car Insurance Claims

When your own insurance company pays out on a claim which another provider should be responsible for covering, that insurance provider has a subrogated claim. If you are injured in a car accident, you do have the right to have your medical expenses paid for by the at-fault driver and his or her insurance provider but the doctor or hospital may not agree to wait to receive payment for services provided.

A subrogated claim may also come into play if you have been involved in a collision or other event causing physical damage to your car when you were not the at-fault driver. Normally, you would make your claim for the cost to repair your vehicle to the other driver’s insurance provider. It can take some time to get the other company to agree to pay for these repairs and if you want to get your car on the road more quickly, you may want to make your claim for damages to your own car insurance company.

In this case, your insurance provider will pay out on your claim so that you can have your car back sooner. Your car insurance company will then approach the other driver’s insurance company to recover the money it has paid out to you.

If you have questions or concerns about where you should be submitting a claim for damages following a car accident, contact your insurance provider for assistance.